1. People's Republic of China Stocks

  2. •

    Financial Services

  3. •

    Financial - Capital Markets
Nanhua Futures Co., Ltd.

Nanhua Futures Co., Ltd.

2691.HK
Nanhua Futures Co., Ltd.HK flagHong Kong Stock Exchange
6.04
HKD
-0.08
- -
942.88MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.52
2.14
1.73
1.51
3.99
8.89
18
16.85
17.27
11.09
10.26
2.22
2.28
6.39
Basic EPS, GAAP
0.26
0.21
0.16
0.3
0.35
0.24
0.15
0.16
0.4
0.4
0.66
0.75
0.8
0.75
Free Cash Flow per Basic Share
0.98
2.53
5.03
0.89
-5.35
-4.2
0.53
8.34
8.03
1.98
6.12
19.41
11.46
6.83
Dividend per Share
- -
- -
- -
0.06
0.06
0.07
0.1
0.14
0.04
0.08
0.14
0.13
0.14
0.16
Book Value per Share
1.37
1.53
1.65
1.89
2.19
2.38
2.57
2.39
2.67
2.95
3.53
4.19
5.08
4.47
Tangible Book Value per Share
2.55
2.74
2.69
3.04
3.37
3.64
4.25
3.91
4.75
5.14
5.83
6.5
8.97
6.76
Basic Weighted Avg Shares
507
511
517
513
511
516
530
589
609
615
609
611
608
612
Sales/Revenue/Turnover
769
1,092
896
773
2,037
4,587
9,538
9,916
10,518
6,823
6,246
1,355
1,387
3,910
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
18
19
21
18
17
16
31
47
46
49
54
- -
Net Income, GAAP
132
107
83
154
179
124
79
94
244
246
402
458
486
459
Effective Tax Rate (%)
19.56
21.62
35.5
19.95
27.23
24.42
30.4
27.2
27.06
16.59
10.17
12.2
10.76
9.65
Profit Margin (%)
17.14
9.83
9.24
19.9
8.77
2.7
0.83
0.95
2.32
3.61
6.43
33.81
35.05
11.74
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
449
579
560
811
1,158
950
760
1,460
1,135
911
1,160
1,098
Total Equity
1,302
1,413
1,609
1,772
1,918
2,065
2,441
2,476
3,055
3,325
3,713
4,125
5,606
4,292
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
20.68
14.53
10.11
16.87
17.1
10.55
6.13
6.8
16.06
14.29
20.25
19.45
17.22
18.08

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
610
610
610
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
33,854
21,992
28,927
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.65%
18.18%
35.9%
Free Cash Flow
105.35%
61.4%
-41.2%
Net Income, GAAP
29.71%
48.63%
6.18%
Sales/Revenue/Turnover
27.36%
-22.68%
2.42%
Total Cash Common Dividend
- -
20.5%
2.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
992
1,645
1,824
1,251
1,355
2025
269
567
447
- -
1,387
2026
433
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
- -
- -
- -
0.75
2025
0.14
- -
- -
- -
0.8
2026
0.29
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.13
2025
- -
- -
- -
- -
0.14
2026
0.01
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Xiaolong Jia
Full Time Employees
1,045
Sector
Financial Services
Industry
Financial - Capital Markets
Address
No. 418 Xiangjiang Road Hangzhou ZJ People's Republic of China 310002
IPO Date
Dec 22, 2025
Website
nanhua.net
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Business
Nanhua Futures Co., Ltd. is a China-based financial services company primarily engaged in futures brokerage, futures investment consulting, asset management, and securities investment fund agency services. The firm operates across commodity futures and financial futures brokerage; offers asset management activities including single-customer and multi-client mandates; provides securities investment fund sales agency services; and conducts OTC derivatives, basis trading, and market-making activities through its subsidiaries. Nanhua Futures maintains a global service platform for financial derivatives with a network of domestic and international operations, seeking to expand both its domestic franchise and overseas footprint. The company is headquartered in China and traces its origins to 1996, with a strategic emphasis on cross-border capital platforms, brand internationalization, and governance standardization as it grows toward a benchmark enterprise in China’s futures industry. Subsidiaries and affiliated entities, including Zhejiang Nanhua Capital Management Co., Ltd., support its integrated products and services across its core business lines. Found in Hong Kong as a dual-listed entity in 2025, the group positions itself to leverage an A+H dual-listed framework to accelerate international expansion and enhance capital adequacy for continued product and market diversification. Primary geographic focus remains China, with expanding presence in international markets to service institutional and high-net-worth clients seeking advanced derivatives and risk-management solutions.