Announcement • Jun 30
Nanhua Futures Co., Ltd. to Report First Half, 2026 Results on Aug 18, 2026 Nanhua Futures Co., Ltd. announced that they will report first half, 2026 results on Aug 18, 2026 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥18.14, the stock trades at a trailing P/E ratio of 21.3x. Average forward P/E is 13x in the Capital Markets industry in China. Total returns to shareholders of 72% over the past three years. Announcement • May 25
Nanhua Futures Co., Ltd., Annual General Meeting, Jun 15, 2026 Nanhua Futures Co., Ltd., Annual General Meeting, Jun 15, 2026, at 09:30 China Standard Time. Location: 9F, Hengdian Building, Shangcheng District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥25.89, the stock trades at a trailing P/E ratio of 30.5x. Average forward P/E is 14x in the Capital Markets industry in China. Total returns to shareholders of 144% over the past three years. New Risk • May 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Mar 30
Nanhua Futures Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026 Nanhua Futures Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026 New Risk • Mar 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (8.0% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥21.00, the stock trades at a trailing P/E ratio of 33.1x. Average forward P/E is 14x in the Capital Markets industry in China. Total returns to shareholders of 80% over the past three years. New Risk • Jan 13
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.0% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Dec 26
Nanhua Futures Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Nanhua Futures Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 New Risk • Dec 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (8.0% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Dec 19
Nanhua Futures Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.291908 billion. Nanhua Futures Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.291908 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 91,510,500
Price\Range: HKD 12
Discount Per Security: HKD 0.3
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 16,148,500
Price\Range: HKD 12
Discount Per Security: HKD 0.3
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering Announcement • Dec 12
Nanhua Futures Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.722544 billion. Nanhua Futures Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.722544 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 96,893,000
Price\Range: HKD 12 to HKD 16
Discount Per Security: HKD 0.4
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 10,766,000
Price\Range: HKD 12 to HKD 16
Discount Per Security: HKD 0.4
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering New Risk • Oct 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.0% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Nanhua Futures Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Nanhua Futures Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥24.52, the stock trades at a trailing P/E ratio of 32.4x. Average forward P/E is 27x in the Capital Markets industry in China. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to CN¥27.79, the stock trades at a trailing P/E ratio of 36.7x. Average forward P/E is 27x in the Capital Markets industry in China. Total returns to shareholders of 181% over the past three years. Announcement • Jun 30
Nanhua Futures Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Nanhua Futures Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥17.87, the stock trades at a trailing P/E ratio of 23.6x. Average forward P/E is 23x in the Capital Markets industry in China. Total returns to shareholders of 70% over the past three years. New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥14.31, the stock trades at a trailing P/E ratio of 18.9x. Average forward P/E is 21x in the Capital Markets industry in China. Total returns to shareholders of 40% over the past three years. Declared Dividend • May 18
Dividend increased to CN¥0.076 Dividend of CN¥0.076 is 15% higher than last year. Ex-date: 23rd May 2025 Payment date: 23rd May 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (2% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥11.22, the stock trades at a trailing P/E ratio of 14.8x. Average forward P/E is 24x in the Capital Markets industry in China. Total loss to shareholders of 17% over the past three years. Announcement • Mar 28
Nanhua Futures Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Nanhua Futures Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥14.05, the stock trades at a trailing P/E ratio of 18.5x. Average forward P/E is 23x in the Capital Markets industry in China. Total returns to shareholders of 5.2% over the past three years. Announcement • Mar 11
Nanhua Futures Co., Ltd., Annual General Meeting, Mar 31, 2025 Nanhua Futures Co., Ltd., Annual General Meeting, Mar 31, 2025, at 14:30 China Standard Time. Location: 9F, Hengdian Building, Shangcheng District, Hangzhou, Zhejiang China Announcement • Dec 27
Nanhua Futures Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025 Nanhua Futures Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025 Announcement • Sep 30
Nanhua Futures Co., Ltd. to Report Q3, 2024 Results on Oct 19, 2024 Nanhua Futures Co., Ltd. announced that they will report Q3, 2024 results on Oct 19, 2024 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.63, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 22x in the Capital Markets industry in China. Total loss to shareholders of 8.4% over the past three years. Announcement • Jul 09
Nanhua Futures Co., Ltd. (SHSE:603093) announces an Equity Buyback for CNY 100 million worth of its shares. Nanhua Futures Co., Ltd. (SHSE:603093) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at no more than CNY 13.9 per share. The purpose of the program is to use the repurchased shares for the subsequent implementation of the employee stock ownership plan. If the company fails to implement the aforementioned purpose within 36 months after the completion of the share repurchase, or if the repurchased shares are not all used for the aforementioned purpose, the unused portion will be cancelled. The program will be funded from Company's own funds. The plan will be valid for 12 months. Announcement • Jun 28
Nanhua Futures Co., Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Nanhua Futures Co., Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Announcement • Mar 29
Nanhua Futures Co., Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Nanhua Futures Co., Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 New Risk • Mar 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Mar 11
Nanhua Futures Co., Ltd., Annual General Meeting, Apr 12, 2024 Nanhua Futures Co., Ltd., Annual General Meeting, Apr 12, 2024, at 14:30 China Standard Time. Location: 9F, Hengdian Building, Shangcheng District, Hangzhou, Zhejiang China New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 3.3% over the past year. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥12.24, the stock trades at a trailing P/E ratio of 36.4x. Average forward P/E is 16x in the Capital Markets industry in China. Total loss to shareholders of 18% over the past three years. Announcement • Dec 29
Nanhua Futures Co., Ltd. to Report Fiscal Year 2023 Results on Mar 09, 2024 Nanhua Futures Co., Ltd. announced that they will report fiscal year 2023 results on Mar 09, 2024 New Risk • Sep 30
New major risk - Revenue and earnings growth Revenue has declined by 3.3% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Nanhua Futures Co., Ltd. to Report Q3, 2023 Results on Oct 21, 2023 Nanhua Futures Co., Ltd. announced that they will report Q3, 2023 results on Oct 21, 2023 Announcement • Jun 28
Nanhua Futures Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Nanhua Futures Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.75, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 27x in the Capital Markets industry in China. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥11.00, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 27x in the Capital Markets industry in China. Total loss to shareholders of 53% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Hongying Zhang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • May 03
Upcoming dividend of CN¥0.04 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 10 May 2022. Payout ratio is a comfortable 9.9% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Chinese dividend payers (2.3%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥10.10, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 16x in the Capital Markets industry in China. Total loss to shareholders of 32% over the past year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Hongying Zhang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Hongying Zhang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Hongying Zhang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.40 (up from CN¥0.16 in FY 2020). Revenue: CN¥10.5b (up 6.2% from FY 2020). Net income: CN¥242.6m (up 158% from FY 2020). Profit margin: 2.3% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.058 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.58b (up 12% from 3Q 2020). Net income: CN¥84.1m (up 148% from 3Q 2020). Profit margin: 3.3% (up from 1.5% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.004 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥2.23b (down 19% from 2Q 2020). Net income: CN¥51.8m (up CN¥49.9m from 2Q 2020). Profit margin: 2.3% (up from 0.1% in 2Q 2020). The increase in margin was driven by lower expenses. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.05 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥2.01b (down 21% from 1Q 2020). Net income: CN¥34.7m (up 11% from 1Q 2020). Profit margin: 1.7% (up from 1.2% in 1Q 2020). Announcement • Apr 03
Nanhua Futures Co., Ltd. announced that it has received CNY 1.5 billion in funding On April 1, 2021, Nanhua Futures Co., Ltd. (SHSE:603093) closed the transaction. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS CN¥0.16 (vs CN¥0.15 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥9.91b (up 4.1% from FY 2019). Net income: CN¥94.2m (up 19% from FY 2019). Profit margin: 0.9% (in line with FY 2019). Is New 90 Day High Low • Jan 29
New 90-day low: CN¥14.95 The company is down 21% from its price of CN¥18.83 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is flat over the same period. Announcement • Jan 22
Nanhua Futures Co., Ltd. to Report Fiscal Year 2020 Results on Mar 16, 2021 Nanhua Futures Co., Ltd. announced that they will report fiscal year 2020 results on Mar 16, 2021 Is New 90 Day High Low • Jan 11
New 90-day low: CN¥15.64 The company is down 26% from its price of CN¥21.00 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 5.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.064 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥2.51b (down 34% from 3Q 2019). Net income: CN¥34.0m (up 20% from 3Q 2019). Profit margin: 1.4% (up from 0.7% in 3Q 2019). The increase in margin was driven by lower expenses. Announcement • Oct 28
Nanhua Futures Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Nanhua Futures Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 26
New 90-day low: CN¥19.79 The company is down 16% from its price of CN¥23.66 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is flat over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥20.34 The company is down 8.0% from its price of CN¥22.10 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 17% over the same period. Announcement • Jul 10
Nanhua Futures Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Nanhua Futures Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020