香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Holly Futures 中國南京 2026年3月31日 於 本 公 告 日 期，董 事 會 成 員 包 括 執 行 董 事 儲 開 榮 先 生 及 趙 偉 雄 先 生；非 執 行 董 事 薛 炳 海 先 生 及 蔣 海 英 女 士；獨 立 非 執 行 董 事 盧 華 威 先 生、張 洪 發 先 生 及 王 宇 偉 先 生；以 及 職 工 董 事 陳 克 先 生。 苏豪弘业期货股份有限公司 2025 年年度报告摘要 （ 於中華人民共和國註冊成立的股份有限公司 ， 中文公司名稱蘇豪弘業期貨股 份有限公司 ， 在香港 以 Holly Futures 的名義開展業務 ） ( 「 本 公 司 」 ) （股 份 代 號：3678） 海外監管公告 蘇豪弘業期貨股份有限公司 2025年年度報告摘要 本公告乃本公司根據香港聯合交易所有限公司證券上市規則第13.1 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （股份代號：2691） 海外監管公告 本公告乃由南華期貨股份有限公司（「本公司」）根據香港聯合交易所有限公司證券 上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈之《南華期貨股份有限公司2025年年度 報告摘要》，僅供參閱。 承董事會命 南華期貨股份有限公司 董事長兼執行董事 羅旭峰博士 中國杭州，2026年3月27日 Nanhua Futures Co., Ltd. 南華期貨股份有限公司 （於中華人民共和國註冊成立的股份有限公司， 中文公司名稱為南華期貨股份有限公司，通過我們的香港附屬公司 在香港以橫華國際的名義開展業務） 於本公告日期，本公司董事會成員包括：(i)執行董事羅旭峰博士；(ii)非執行董事 呂躍龍先生、徐文財博士、胡天高先生、厲寶平先生及孫穎婷女士；及(iii)獨立 非執行董事徐林博士、劉玉龍博士及李晶女士。 南华期货股份有限公司 2025 年年度报告摘要 公司代码： ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Nanhua Futures Co., Ltd. 南華期貨股份有限公司 （於中華人民共和國註冊成立的股份有限公司， 中文公司名稱為南華期貨股份有限公司，通過我們的香港附屬公司 在香港以橫華國際的名義開展業務） （股份代號：2691） 海外監管公告 本公告乃由南華期貨股份有限公司（「本公司」）根據香港聯合交易所有限公司證券 上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈之《南華期貨股份有限公司2025年年度 報告》，僅供參閱。 承董事會命 南華期貨股份有限公司 董事長兼執行董事 羅旭峰博士 中國杭州，2026年3月27日 於本公告日期，本公司董事會成員包括：(i)執行董事羅旭峰博士；(ii)非執行董事 呂躍龍先生、徐文財博士、胡天高先生、厲寶平先生及孫穎婷女士；及(iii)獨立 非執行董事徐林博士、劉玉龍博士及李晶女士。 南华期货股份有限公司 2025 年年度报告 公司代码：6030 ...

Group 1 - The core viewpoint of the news is that 瑞达期货 has experienced fluctuations in stock price and financial performance, with a recent decline in stock price and mixed results in revenue and profit [1][2]. - As of January 7, 瑞达期货's stock price was 27.06 yuan per share, down 2.03%, with a total market capitalization of 12.444 billion yuan [1]. - The company has seen a net outflow of main funds amounting to 18.5189 million yuan, with significant selling pressure from large orders [1]. Group 2 - For the period from January to September 2025, 瑞达期货 reported an operating income of 1.621 billion yuan, a year-on-year decrease of 2.87%, while net profit attributable to shareholders increased by 42.15% to 386 million yuan [2]. - The company has distributed a total of 770 million yuan in dividends since its A-share listing, with 423 million yuan distributed over the past three years [3]. - As of September 30, 2025, the number of shareholders decreased by 6.61% to 22,700, while the average circulating shares per person increased by 7.07% to 19,604 shares [2][3].

Core Viewpoint - Dongwu Securities has approved several strategic initiatives, notably increasing the credit limit for its margin financing and securities lending business to 600% of its net capital, and plans to inject 500 million yuan into its subsidiary, Dongwu Futures [2][4][10]. Group 1: Margin Financing and Securities Lending Business - Dongwu Securities has raised the credit limit for its margin financing and securities lending business to a maximum of 600% of its net capital, which translates to approximately 1,689.72 billion yuan based on its reported net capital of 281.62 billion yuan [4][6]. - The management committee is authorized to adjust this limit based on business development and market conditions, provided it remains compliant with regulatory requirements and risk management [4]. Group 2: Capital Injection into Dongwu Futures - Dongwu Securities plans to increase its investment in Dongwu Futures by 500 million yuan, with Dongwu Securities contributing 403.3 million yuan [10]. - This capital injection aims to enhance Dongwu Futures' net capital, expand its business scale, and strengthen its market position [10]. - Following this investment, Dongwu Futures' registered capital will rise from 1.0318 billion yuan to 1.5318 billion yuan [10]. Group 3: Industry Context and Competitive Landscape - Dongwu Securities is the seventh brokerage firm this year to increase its margin financing business limits, following similar moves by firms like Huatai Securities and others [8]. - The increase in financing limits is driven by strong market demand for margin financing, allowing brokerages to capture more market share and enhance revenue amid competitive pressures [8]. - Analysts suggest that leading brokerages with enhanced leverage capabilities are likely to benefit from policy optimizations, leading to improved return on equity (ROE) growth [8].

Core Viewpoint - The stock of Ruida Futures (002961) has shown significant upward movement, with a 10% increase and consecutive trading limit ups, indicating strong market interest and potential investment opportunities [1]. Group 1: Stock Performance - As of December 8, 2025, Ruida Futures closed at 29.38 yuan, marking a 10% increase and achieving a trading limit up for two consecutive days [1]. - The trading volume on December 8 was 67,600 lots, with a total transaction value of 199 million yuan [1]. - The net inflow of main funds on December 8 was 5.86 million yuan, accounting for 2.95% of the total transaction value [1]. Group 2: Financial Metrics - Ruida Futures has a total market capitalization of 13.075 billion yuan, which is below the industry average of 23.112 billion yuan, ranking 12th out of 21 in its sector [2]. - The company reported a net profit of 386 million yuan for the first three quarters of 2025, reflecting a year-on-year increase of 42.15% [2]. - The company's debt ratio stands at 84.6%, indicating a high level of leverage [2]. Group 3: Analyst Ratings - In the last 90 days, four institutions have provided ratings for Ruida Futures, with three giving a "buy" rating and one an "accumulate" rating [3]. - The average target price set by analysts over the past 90 days is 29.88 yuan [3].

Core Viewpoint - Nanhua Futures (603093) shows a mixed financial performance with a slight increase in stock price but a decline in revenue and profit metrics, indicating potential challenges ahead in the multi-financial industry [1][2]. Financial Performance - As of December 4, 2025, Nanhua Futures closed at 19.07 yuan, up 1.01% with a trading volume of 54,000 lots and a turnover of 103 million yuan [1]. - For the first three quarters of 2025, the company reported a main revenue of 941 million yuan, a year-on-year decrease of 8.27%, and a net profit attributable to shareholders of 351 million yuan, down 1.92% [2]. - The third quarter of 2025 saw a significant increase in quarterly main revenue to -160 million yuan, up 90.07% year-on-year, while net profit for the quarter was 120 million yuan, down 6.21% [2]. Industry Comparison - Nanhua Futures has a total market value of 11.634 billion yuan, which is below the industry average of 22.384 billion yuan, ranking 13th out of 21 in the multi-financial sector [2]. - The company's net asset stands at 4.405 billion yuan, also below the industry average of 25.234 billion yuan, ranking 14th [2]. - The price-to-earnings ratio (P/E) is 24.83, significantly lower than the industry average of 209.24, ranking 11th [2]. Investment Ratings - In the last 90 days, four institutions have rated Nanhua Futures, with one buy rating and three hold ratings, and the average target price set at 22.53 yuan [3].

Core Viewpoint - As of December 4, 2025, Ruida Futures (002961) closed at 24.28 yuan, marking a 5.89% increase with a turnover rate of 6.89% and a trading volume of 306,500 lots, amounting to a total transaction value of 739 million yuan [1] Financial Performance - For the first three quarters of 2025, Ruida Futures reported a main operating revenue of 1.621 billion yuan, a year-on-year decrease of 2.87%, while the net profit attributable to shareholders was 386 million yuan, an increase of 42.15% [2] - The third quarter of 2025 saw a single-quarter main operating revenue of 575 million yuan, down 13.91% year-on-year, with a net profit attributable to shareholders of 158 million yuan, up 17.41% [2] - The company’s debt ratio stands at 84.6%, with investment income reported at 599 million yuan [2] Market Position and Valuation - Ruida Futures has a total market capitalization of 10.805 billion yuan, ranking 14th in the diversified financial industry, with a net asset value of 3.148 billion yuan, ranking 15th [2] - The company’s price-to-earnings ratio (P/E) is 21.01, significantly lower than the industry average of 209.24, ranking 8th [2] - The price-to-book ratio (P/B) is 3.61, higher than the industry average of 2.56, ranking 17th [2] - The gross profit margin is reported at 0%, while the net profit margin is 23.93%, ranking 14th in the industry [2] - Return on equity (ROE) is at 12.64%, placing the company first in the industry [2] Investment Sentiment - In the last 90 days, four institutions have rated the stock, with three giving a buy rating and one an increase rating, while the average target price set by institutions is 29.88 yuan [3]

Core Viewpoint - Nanhua Futures has shown significant stock performance with a year-to-date increase of 61.61%, despite recent fluctuations in trading volume and price [1][2]. Company Overview - Nanhua Futures Co., Ltd. was established on May 28, 1996, and listed on August 30, 2019. The company is based in Hangzhou, Zhejiang Province, and its main business includes futures brokerage, wealth management, risk management, overseas financial services, and futures investment consulting [2]. - The revenue composition of Nanhua Futures is as follows: risk management business 50.19%, overseas financial services 29.70%, futures brokerage 17.32%, wealth management 2.51%, and other businesses 0.28% [2]. Financial Performance - As of September 30, 2025, Nanhua Futures reported a net profit of 351 million yuan, a year-on-year decrease of 1.92%. The company had zero operating revenue for the same period [2]. - The company has distributed a total of 173 million yuan in dividends since its A-share listing, with 120 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Nanhua Futures was 37,600, a decrease of 12.94% from the previous period. The average circulating shares per person increased by 14.86% to 16,231 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 3.0049 million shares, a decrease of 2.4675 million shares from the previous period [3].

Core Viewpoint - As of November 10, 2025, Ruida Futures (002961) closed at 25.11 yuan, marking a 9.99% increase and hitting the daily limit, with a turnover rate of 5.46% and a trading volume of 242,800 lots, amounting to a transaction value of 584 million yuan [1] Fund Flow Summary - On November 10, 2025, the net inflow of main funds was 142 million yuan, accounting for 24.39% of the total transaction value, while retail funds experienced a net outflow of 98.24 million yuan, representing 16.84% of the total transaction value [1] - Over the past five days, the stock has seen fluctuations in fund flows, with notable changes on November 7, where the main funds had a net outflow of 28.31 million yuan, and retail funds had a net inflow of 22.92 million yuan [2] Company Performance Metrics - Ruida Futures has a total market value of 11.175 billion yuan, with a net asset of 3.148 billion yuan and a net profit of 386 million yuan, ranking 15th in the multi-financial industry [3] - The company reported a 2.87% year-on-year decline in main revenue for the first three quarters of 2025, totaling 1.621 billion yuan, while the net profit increased by 42.15% to 386 million yuan [3] - The third quarter of 2025 showed a single-quarter main revenue of 575 million yuan, down 13.91% year-on-year, but the net profit rose by 17.41% to 158 million yuan [3] Analyst Ratings - In the last 90 days, four institutions have provided ratings for the stock, with three giving a "buy" rating and one an "increase" rating, while the average target price set by institutions is 29.88 yuan [4]