南华期货港股上市在即，锚定全球化赋能中国企业“走出去”

Core Viewpoint - The Hong Kong stock market is becoming a crucial platform for financial institutions to expand globally, with Nanhua Futures set to list on December 22, marking a new phase of development through its "A+H" dual capital platform [1] Group 1: Company Overview - Nanhua Futures, established in 1996, is one of the first companies in China's futures industry and has become a comprehensive global financial service platform [2] - The company ranks eighth among all futures companies in China by total revenue for 2024 and holds the top position among non-financial institution-related futures companies [2] Group 2: Service Offerings - Nanhua Futures has built a comprehensive service system covering the futures and derivatives value chain, including domestic futures brokerage, risk management, wealth management, and overseas financial services [3] - The product portfolio includes various asset classes such as agricultural products, industrial goods, energy, metals, stocks, and fixed-income securities, catering to diverse client needs [3] Group 3: Global Expansion - Since 2006, Nanhua Futures has actively pursued internationalization, establishing a business network across major financial centers including Hong Kong, Chicago, Singapore, and London [4] - The company holds 17 overseas exchange memberships and 14 clearing seats, enabling it to conduct large commodity spot deliveries internationally [4] Group 4: Financial Performance - From 2022 to 2024, Nanhua Futures' annual profit increased from 246 million RMB to 458 million RMB, with a compound annual growth rate (CAGR) of 36.5% [5] - Total assets grew from 34.189 billion RMB at the end of 2022 to 48.863 billion RMB by the end of 2024, reflecting a CAGR of 19.5% [5] Group 5: Future Outlook - The Chinese futures market is the largest globally, and with the increasing pace of Chinese enterprises going global, Nanhua Futures is positioned for significant growth opportunities [6] - The company plans to use the net proceeds from its H-share listing to strengthen its capital base in overseas markets, enhancing its global service network [6]