Xin Lang Cai Jing·2026-01-12 11:23Core Viewpoint - 弘业期货 is a leading player in the futures market, showing a recent increase in stock price and trading activity, but facing significant declines in revenue and profit year-over-year [1][7]. Company Overview - 弘业期货股份有限公司 primarily engages in commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales, and financial asset investment [2][7]. - The company is the first A+H share listed company in the futures industry and is controlled by the Jiangsu Provincial Government's State-owned Assets Supervision and Administration Commission [3][7]. - As of September 30, 2025, the company reported a revenue of 462 million yuan, a year-on-year decrease of 76.77%, and a net profit of 2.09 million yuan, down 87.27% year-on-year [7]. Financial Performance - The stock price of 弘业期货 increased by 1.94% recently, with a trading volume of 205 million yuan and a turnover rate of 2.47%, leading to a total market capitalization of 11.11 billion yuan [1]. - The average trading cost of the stock is 11.21 yuan, with the current price near a support level of 11.01 yuan, indicating potential for a rebound if this level holds [6]. - The company has distributed a total of 44.34 million yuan in dividends since its A-share listing, with 14.11 million yuan distributed over the past three years [8]. Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 13.10% to 54,400, with no circulating shares per capita [7][8]. - Major shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with notable reductions in their holdings [8].