Globenewswire·2025-12-22 11:57Core Viewpoint - Nanhua Futures has successfully completed its IPO on the Hong Kong Stock Exchange, raising HKD1.29 billion to support its international growth strategy [1][5][6] Company Overview - Nanhua Futures is a subsidiary of Hengdian Group and is recognized as China's first publicly listed futures firm, having previously listed in Shanghai in 2019 [3][6] - The company aims to enhance its global competitiveness and influence through this dual listing [7] IPO Details - The IPO involved the issuance of 107.65 million shares, raising approximately USD165.8 million [5] - The shares opened at HKD8.70, below the listing price of HKD12, and closed at HKD9.53, reflecting a 20% decrease from the listing price [5] Use of Proceeds - Proceeds from the IPO will be allocated to HGNH International Financial, Nanhua's Hong Kong subsidiary, to strengthen its capital base and increase liquidity for overseas operations in Hong Kong, the UK, the US, and Singapore [9][10] Financial Performance - In 2024, Nanhua Futures ranked first among non-financial institution-affiliated futures companies in China and eighth among all domestic futures companies based on total revenue [11] - The company's overseas business has shown significant growth, with customer equity for overseas services reaching HKD17.8 billion, a 50% increase from 2022, and AUM for overseas asset management growing by 70% to HKD3.4 billion [12] - Operating income increased from RMB954 million in 2022 to RMB1.35 billion in 2024, with net profit rising from RMB246 million to RMB458 million during the same period [13]