Nanhua Futures Co., Ltd. published its audited results for the year ended 31 December 2025 on 27 March 2026.
Revenue and Profitability • Operating income reached RMB1.39 billion, up 2.41% year-on-year. • Total profit rose 4.53% to RMB545.31 million. • Net profit attributable to shareholders increased 6.18% to RMB486.26 million. • Basic earnings per share were RMB0.80; weighted average ROE was 11.30%.
Balance-sheet Metrics • Total assets expanded 33.99% to RMB65.47 billion, driven by a 34.26% rise in client funds to RMB57.19 billion. • Net assets attributable to shareholders climbed 35.98% to RMB5.60 billion. • Net capital stood at RMB2.74 billion, with the net-capital-to-risk-capital-reserves ratio at 240%, well above regulatory minimums. • Gearing ratio (excluding client funds) improved to 32.31% from 34.18%.
Dividend and Capitalisation Proposal • The Board recommends distributing a cash dividend of RMB0.69 (tax inclusive) per 10 shares, totaling RMB49.13 million—10.10% of 2025 attributable profit. • A bonus issue of 4.50 new shares for every 10 existing shares will be effected via capital reserve conversion, increasing share capital to approximately 1.04 billion shares. Both proposals await shareholder approval.
Business Segment Snapshot • PRC futures brokerage revenue: RMB474.63 million; segment profit before tax: RMB51.63 million. • PRC wealth management revenue: RMB64.98 million; segment loss before tax: RMB24.07 million. • PRC risk management services revenue: RMB79.98 million; segment profit before tax: RMB6.32 million. • Overseas financial services revenue: RMB757.51 million; segment profit before tax: RMB501.01 million.
Capital Market Activities • The company completed a Hong Kong H-share IPO on 22 December 2025, issuing 107.66 million shares and raising net proceeds of about HKD1.20 billion (RMB1.11 billion). • In June 2025, it placed RMB500 million of seven-year subordinated bonds with a 3.28% coupon.
Other Key Data • Net cash generated from operations turned positive to RMB1.78 billion (2024: RMB-0.70 billion). • Net investment gains more than doubled to RMB148.07 million, supported by financial instruments trading.
The Audit Committee reviewed the 2025 results; Pan-China Certified Public Accountants LLP and Confucius International CPA Limited issued unqualified audit opinions. The proposed profit distribution and bonus share issue will be submitted to the 2025 annual shareholders’ meeting.