Nanhua Futures Co.Ltd. Class A

Nanhua Futures Co.Ltd. Class A

5.74
HKD
-0.15
(-2.63%)
16.15BMarket Cap
Oct 26Next Earn
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
0.39
0.55
0.45
0.39
1.03
2.29
4.65
4.35
4.46
2.86
2.65
0.57
0.59
- -
Basic EPS, GAAP
0.07
0.05
0.04
0.08
0.09
0.06
0.04
0.04
0.1
0.1
0.17
0.19
0.21
- -
Free Cash Flow per Basic Share
0.25
0.65
1.3
0.23
-1.38
-1.08
0.14
2.15
2.07
0.51
1.58
5.01
2.96
- -
Dividend per Share
- -
- -
- -
0.02
0.01
0.02
0.02
0.04
0.01
0.02
0.04
0.03
0.04
0.02
Book Value per Share
0.66
0.72
0.8
0.89
0.96
1.04
1.08
1.09
1.29
1.4
1.57
1.74
2.01
2.2
Tangible Book Value per Share
0.65
0.71
0.69
0.78
0.87
0.94
1
1.02
1.22
1.33
1.5
1.67
1.96
2.14
Basic Weighted Avg Shares
1,964
1,981
2,005
1,986
1,978
2,000
2,053
2,280
2,360
2,383
2,359
2,366
2,355
1,676
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
- -
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
- -
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
- -
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
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
449
579
560
811
1,158
950
760
1,460
1,135
911
1,160
1,359
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
5,848
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
10.63
7.91
4.87
7.02
7.45
4.64
2.45
2.73
6.76
5.73
8.32
9.27
8.23
- -
Return on Common Equity (%)
10.63
7.91
5.52
9.2
9.76
6.26
3.55
3.86
8.87
7.74
11.45
11.71
10.01
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,781
2,781
2,651
Market Capitalization
17,077
18,462
13,970

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
40,364
44,472
44,899
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
446
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.16
0.15
0.04
0.19
2025
0.04
0.06
- -
0.15
0.21
2026
0.07
0.26
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.05
0.03
- -
0.03
2025
- -
0.03
- -
0.01
0.04
2026
- -
0.03
- -
- -
- -

Company Description

CEO
Xiao Long Jia
Full Time Employees
1,045
Sector
Finance
Industry
Investment banks/Brokers
Address
Hengdian Building Hangzhou ZH China 310000
IPO Date
Aug 30, 2019
Website
nanhua.net
Business
Nanhua Futures Co., Ltd. (603093.SS) engages primarily in futures brokerage and related financial derivatives services in China and internationally. The company offers commodity futures brokerage, including contracts for crude oil (SC on INE), TSR 20 rubber (NR on INE), iron ore (I on DCE), and purified terephthalic acid (TA on ZCE); financial futures brokerage; futures investment consulting; asset management through single-customer and multi-client plans; risk management solutions; OTC derivatives; basis trade and market making via subsidiary Zhejiang Nanhua Capital Management Co., Ltd.; wealth management; securities investment fund agency; and public offering fund distribution. It operates through six branches, three wholly-owned subsidiaries, and 32 business departments, serving clients in Mainland China, Hong Kong, London, Chicago, and Singapore with trading software such as CQG, ATP, and E-sunny, plus co-location and delivery services for physical commodities. Founded in 1996 and headquartered at Ding'an Mingdu, No. 193 West Lake Avenue in Hangzhou, China, Nanhua Futures is a subsidiary of Hengdian Group Holding Co., Ltd. and listed on the Shanghai Stock Exchange since August 2019. Recent developments include a net profit of 458 million RMB in 2024, up 13.71% year-over-year, with client equity rising 65.4% from 2022 levels; ongoing international expansion of offshore futures business in 2025; Nanhua Financial (UK) Co. Limited joining the Futures Industry Association and gaining LME category 2 membership; a planned Hong Kong listing application; CNY 100 million funding to Nanhua Fund Management Co., Ltd. in 2024; and awards for Best ESG Management Listed Company and Best Chairman in 2024.