IPO News | Nanhua Futures (603093.SH) ranked 8th among Chinese futures companies in total revenue in 2024 through the Hong Kong Stock Exchange

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on December 2, Nanhua Futures Co., Ltd. (603093.SH)) passed the Hong Kong Stock Exchange main board listing hearing, and CITIC Securities was the sole sponsor.

According to the prospectus, Nanhua Futures is a leading futures company in China, providing customers with global financial services. According to the Frost & Sullivan report, the company ranked 8th among all futures companies in China in terms of total revenue in 2024 and first among all non-financial institution related futures companies in terms of total revenue in 2024. The company's main focus is to provide futures and derivatives services in the Chinese domestic and international markets.

Nanhua Futures was founded in 1996 and is headquartered in Hangzhou, China. Over the years, it has been committed to business development, technology application, professional service provision and internal control strengthening. The company started as a futures brokerage service provider in mainland China and has developed into a comprehensive global financial services platform. The company's products and services include futures brokerage in China, risk management services in China, wealth management in China, and overseas financial services, covering the futures and derivatives value chain.

Since 2006, the company has been one of the first futures companies in mainland China to actively implement an internationalization strategy. With the company's overseas branch network in major financial centers, the company's service scope covers Asia, North America and Europe, providing round-the-clock cross-market trading services. By integrating the company's platforms in mainland China and overseas, the company has successfully reduced the impact of any single market on the company's business operations.

Nanhua Futures maintains a comprehensive and diversified business layout, covering the main value chains in the futures and derivatives markets. The company's product portfolio covers a variety of asset classes, including futures and spot commodities (including agricultural products, industrial products, energy and chemicals, and metals), as well as stocks and fixed income securities. From transaction execution to risk management and from wealth management to offshore financial services, the company provides end-to-end comprehensive services for these value chains and has built a solid business framework.

In terms of cross-border derivatives business, the company has won the trust of Chinese industrial customers and institutional customers. The number of registered corporate clients in the company's futures brokerage business in China grew steadily from 4,266 as of December 31, 2022 to 4,672 as of December 31, 2023, an increase of 9.5% over the previous year. As of December 31, 2024, it further increased to 5089, up 8.9% year on year, and increased to 5,279 in the six months ended June 30, 2025, an increase of 3.7%.

The number of financial institution registered customers of the company's futures brokerage business in China increased from 1,140 as of December 22, 2022 to 1,488 as of December 31, 2023, an increase of 30.5% over the previous year. As of December 31, 2024, it further increased to 1,770, a year-on-year increase of 19.0%, and increased to 1,872 in the six months ended June 30, 2025, an increase of 5.8%. As of December 31, 2024, the customer equity of the company's futures brokerage business in China reached RMB 31.6 billion, an increase of 65.4% over December 31, 2022, while the Chinese futures industry had a compound annual growth rate of 1.9%.

As of December 31, 2022, 2023, 2024 and June 30, 2025, the total customer equity of the company's overseas futures, securities and leveraged foreign exchange brokerage services was approximately HK$11.9 billion, HK$12.5 billion, HK$13.8 billion and HK$17.8 billion respectively, while the AUM for the company's overseas asset management business was approximately HK$2 billion, HK$2.3 billion, HK$2.5 billion and HK$3.4 billion respectively.

On the financial side, in 2022, 2023, 2024, 2024, and 2025, for the six months ended June 30, Nanhua Futures achieved operating revenue of approximately RMB 954 million, RMB 1,293 million, RMB 1,355 million, RMB 675 million, and RMB 593 million respectively. In the same period, annual profits for the same period were approximately RMB 246 million, RMB 403 million, RMB 458 million, RMB 230 million, and RMB 231 million.