Financial Performance - The total operating revenue for the current reporting period is approximately 1.046 billion yuan, an increase from 1.002 billion yuan in the same period last year, reflecting a growth rate of about 4.4% [1] - The net profit attributable to shareholders of the listed company is approximately 228 million yuan, up from 137 million yuan year-on-year, indicating a significant increase of about 65.8% [1] - The net profit after deducting non-recurring gains and losses is approximately 228 million yuan, compared to 134 million yuan in the previous year, also showing a growth of about 70.8% [1] - The basic and diluted earnings per share are both 0.51 yuan, an increase from 0.31 yuan in the previous year [1] - The weighted average return on equity is 7.58%, up from 5.05% year-on-year, indicating improved profitability [17] Cash Flow and Assets - The net cash flow from operating activities is approximately 2.309 billion yuan, significantly higher than 902 million yuan in the same period last year [1] - Total assets at the end of the current reporting period amount to approximately 18.406 billion yuan, an increase from 16.037 billion yuan at the end of the previous year [1] - Total liabilities have increased to approximately 15.338 billion yuan from 13.104 billion yuan, indicating a rise in leverage [1] Shareholder Structure - As of the end of the current reporting period, new shareholders include UBS AG, CITIC Securities Co., Ltd., and Huatai Securities Co., Ltd., replacing previous shareholders [31] - The largest shareholder, Fujian Ruida Holdings Co., Ltd., holds approximately 75.57% of the total share capital, with slight changes in the holdings of other major shareholders [32] Valuation Metrics - As of the closing price on August 19, the company's price-to-earnings (P/E) ratio (TTM) is approximately 22.35, the price-to-book (P/B) ratio (LF) is about 3.5, and the price-to-sales (P/S) ratio (TTM) is around 5.7 [1]

Core Viewpoint - Nanhua Futures has a resilience evaluation score of 39.51, ranking 3938 out of 5405 comparable listed companies in A-shares, indicating a relatively low performance in terms of resilience [1] Summary by Dimension Return Dimension - Nanhua Futures scored 33.91 in the return dimension, equivalent to 5.43 points [4] Innovation Dimension - The company received a score of 9.09 in the innovation dimension, translating to 1.27 points [5] Profitability Dimension - In the profitability dimension, Nanhua Futures scored 45.42, which corresponds to 9.08 points [6] Risk Resistance Dimension - The risk resistance dimension received a score of 65.07, equating to 10.41 points, assessed through financial indicators such as net operating cash flow and cash reserves [6] Institutional Dimension - The institutional dimension score was 45.31, which translates to 8.16 points [7] Market Value Dimension - Nanhua Futures scored 32.25 in the market value dimension, equivalent to 5.16 points [8] Industry Position - Within the 83 listed companies in the Shenwan first-level non-bank financial industry, Nanhua Futures ranks 69th, with an industry average score of 48.45 [9] Financial Performance - As of August 18, 2025, Nanhua Futures' stock price was 24.72 yuan, down 0.86 yuan or 3.36% from the previous trading day, with a total market value of 15.081 billion yuan and a price-to-earnings ratio of 32.61 [9] - In the latest financial report for the first half of 2025, the company achieved operating revenue of 1.101 billion yuan, a year-on-year decrease of 58.27%, and a net profit attributable to shareholders of 231 million yuan, a year-on-year increase of 0.46%, with a net profit margin of 21.02% [9]

上市券商2021年年报正在披露中，其子公司的"战绩"也陆续亮相。其中，总会看到不少"抢风头"的 子公司，部分券商子公司一年的净利润已经大幅超越不少上市公司。 目前，至少有46家券商全资子公司2021年的净利润均超1亿元，其中，海通证券全资子公司海通开 元投资暂列第一。同时，券商参控股公募基金公司方面，有5家券商系公募基金对券商净利润的贡献超 10%。 46家上市券商 全资子公司净利均超1亿元 近年来，证券业高质量发展迎来重要机遇期，子公司的发展是重要一环。《证券日报》记者结合 Wind数据及年报不完全统计，至少有46家券商全资子公司2021年的净利润均超1亿元，其中有8家全资 子公司的净利润均超10亿元。海通证券全资子公司海通开元投资以25.53亿元的净利润暂列第一；中信 证券全资子公司中信证券投资实现净利润24.12亿元，暂列第二；来自海通证券旗下的海通创新以16.83 亿元的净利润暂列第三。第四位至第八位分别是华泰国际、华泰资管、广发乾和、国泰君安金融控股、 招商证券投资。 目前，在26家已披露2021年年报的上市券商中，净利润超过10亿元的共有19家。也就是说，有7家 券商的净利润"不如"这些券商子公司 ...