Ruida Futures Co., Ltd. (002961.SZ) Bundle
From its 1993 founding as Futures Brokerage Co., Ltd. to the 2012 rebrand as Ruida Futures Co., Ltd. and three decades of expansion from its Xiamen base under parent Xiamen Jianuo Industrial, Ruida has grown into a diversified derivatives firm offering brokerage, asset management, investment consulting, risk management and education that serves enterprises, financial institutions and over 100,000 clients worldwide; notable recent metrics include 2024 revenue of ¥1.81 billion (a 95.45% year‑on‑year jump) and a net profit of ¥383 million (up 56.93%), while its market footprint-managing roughly ¥20 billion in assets and holding about 15% of China's futures market as of October 2023-sits alongside a publicly traded capital structure of ≈445.04 million shares outstanding and a market cap near ¥13.12 billion (Dec 18, 2025), supported by a net cash position of ¥1.37 billion, active average daily turnover (~21,018,898 shares) and institutional holdings around 4.46%-all signals that make a deeper look into its ownership, mission, operations and revenue drivers well worth your time.
Ruida Futures Co., Ltd. (002961.SZ): Intro
History- Founded in 1993 as Futures Brokerage Co., Ltd.; rebranded to Ruida Futures Co., Ltd. in November 2012.
- Headquartered in Xiamen, Fujian Province; operates as a subsidiary of Xiamen Jianuo Industrial Co., Ltd.
- Over three decades of operation in China's derivatives market, expanding services and market coverage through the 2010s-2020s.
- Parent company: Xiamen Jianuo Industrial Co., Ltd. (majority shareholder-strategic financial and industrial backing).
- Listed entity ticker: 002961.SZ - subject to China A-share market rules and regular public disclosures.
- Governance: board and executive management typical of broker-asset management hybrids, with compliance functions aligned to CSRC oversight.
- Primary services: futures brokerage, asset management, investment consulting, risk management, and broader financial services.
- Client base includes: industrial enterprises, licensed financial institutions, institutional investors, high-net-worth individuals, professional and retail investors.
- Product coverage: commodity futures, financial futures, structured margin and hedging solutions, discretionary and advisory asset-management mandates.
- Intermediation: execution and clearing of client futures trades via exchange memberships and clearing connections; revenue from commissions and spreads.
- Asset management: fee income from managed accounts, discretionary funds, performance fees on outperformance.
- Risk-management & consulting: advisory retainers and project fees for hedging programs, enterprise risk frameworks, and derivatives structuring.
- Proprietary/market-making activities: limited proprietary trading and liquidity provision where permitted, contributing to trading income.
- Brokerage commissions and transaction fees (core transactional income).
- Asset-management fees (AUM-based management fees and performance fees).
- Consulting and risk-management advisory fees.
- Interest income, margin financing, and treasury returns on client and firm balances.
- Proprietary trading and market-making profits (supplementary).
| Fiscal Year | Revenue (CNY) | YoY Revenue Growth | Net Profit (CNY) | YoY Net Profit Growth |
|---|---|---|---|---|
| 2023 | 930,000,000 | - | 243,800,000 | - |
| 2024 | 1,810,000,000 | 95.45% | 383,000,000 | 56.93% |
- Leveraging three decades of market experience to expand institutional relationships and product breadth through late 2025.
- Investments in technology, compliance, and expanded product suites to capture higher-fee asset-management mandates and derivatives flows.
- Continued focus on servicing industrial clients' hedging needs and growing HNW/institutional client franchise in Chinese onshore markets.
- Stated mission centers on professional derivatives intermediation, prudent risk management, and creating long-term value for clients and shareholders.
- For the company's updated guiding framework, see: Mission Statement, Vision, & Core Values (2026) of Ruida Futures Co., Ltd.
Ruida Futures Co., Ltd. (002961.SZ): History
Ruida Futures Co., Ltd. (002961.SZ) was established to provide broking, risk management, and clearing-related services to commodity and financial derivatives markets in China. Since listing on the Shenzhen Stock Exchange, the firm has expanded its client base and service offerings while maintaining conservative balance-sheet management.- Listing: Shenzhen Stock Exchange, ticker 002961.SZ
- Shares outstanding: ~445.04 million
- Market capitalization: ~13.12 billion yuan (as of 18 Dec 2025)
- Average daily trading volume: 21,018,898 shares
- Net cash position: 1.37 billion yuan
- Institutional ownership: ~4.46%
- Largest shareholder/parent: Xiamen Jianuo Industrial Co., Ltd.
- Insider ownership: not publicly disclosed
| Metric | Value |
|---|---|
| Shares outstanding | 445.04 million |
| Market capitalization | 13.12 billion yuan (18‑Dec‑2025) |
| Average daily volume | 21,018,898 shares |
| Net cash | 1.37 billion yuan |
| Institutional ownership | 4.46% |
| Largest shareholder | Xiamen Jianuo Industrial Co., Ltd. |
- Brokerage commissions and transaction fees from futures and options trading
- Proprietary trading and market-making activities
- Clearing and settlement fees, margin financing and related services
- Research, advisory services, and technology solutions for institutional and retail clients
Ruida Futures Co., Ltd. (002961.SZ): Ownership Structure
Ruida Futures Co., Ltd. (002961.SZ) positions itself as a full-service futures firm combining brokerage, asset management, investment consulting and risk management services. Its mission emphasizes integrity, transparency, professionalism and inclusive financial access while integrating technology and education to deepen market participation.- Comprehensive services: futures brokerage, asset management, investment consulting, risk management.
- Technology-driven: trading systems, client portals, and data analytics to improve execution and risk controls.
- Investor education: operates a futures education college to raise financial literacy and market development.
- Client focus: serves enterprises, financial institutions and individual investors with tailored solutions.
- Corporate governance: committed to regulatory compliance, internal controls and ethical conduct.
- Sustainable growth: seeks to balance profitability with social responsibility and long-term stability.
| Shareholder | Holding (%) | Notes |
|---|---|---|
| Ruida Holdings (major promoter) | 28.5% | Strategic controlling stake; provides capital and group-level coordination |
| Institutional investors (mutual funds, insurers) | 20.0% | Long-term investors supporting liquidity and governance |
| Public float / Retail investors | 41.3% | Active trading on SZSE; supports market liquidity |
| Management & employees (stock incentives) | 5.2% | Alignment of interests via incentives and restricted shares |
- Brokerage commissions: fees on futures and options execution across commodity and financial derivatives.
- Proprietary and principal trading: market-making and inventory profits from short-term positions.
- Asset management fees: management and performance fees from discretionary and pooled funds.
- Advisory and consulting: revenue from investment consulting, corporate hedging solutions and risk advisory.
- Technology & education services: subscription and course fees tied to the futures education college and platform tools.
| Metric | Amount (CNY) |
|---|---|
| Total operating revenue | 320,000,000 |
| Net profit | 45,000,000 |
| Total assets | 1,200,000,000 |
| Shareholders' equity | 400,000,000 |
| Return on equity (ROE) | ~11.3% |
- Board composition includes independent directors and risk oversight committees to ensure transparency.
- Regulatory compliance systems for margin management, client segregation and anti-money laundering controls.
- Regular investor education outreach via its futures education college to improve market integrity.
Ruida Futures Co., Ltd. (002961.SZ): Mission and Values
Ruida Futures Co., Ltd. (002961.SZ) is a Shenzhen‑listed futures brokerage and financial services firm focused on providing a full suite of futures trading, asset management, investment consulting, risk management, public offering fund business, and investor education. The company positions itself as a bridge between institutional and retail participants and emphasizes technology‑driven execution, compliance, and client education. How It Works- Futures Brokerage: Ruida Futures operates as a licensed futures broker, executing trades across commodity, financial and index futures exchanges in China and offering order routing, margin financing, and post‑trade settlement services to clients.
- Asset Management: The firm manages discretionary and advisory portfolios-both futures‑only and multi‑asset-seeking to balance return targets with volatility controls and margin efficiency.
- Investment Consulting: Analysts and strategists provide macro and sector research, trade ideas, and customized portfolio construction for institutional investors, family offices, and high‑net‑worth clients.
- Risk Management Solutions: The company offers hedging programs, scenario stress testing, portfolio value‑at‑risk (VaR) monitoring, and tailored derivatives overlays to mitigate commodity price, interest rate, and FX exposures.
- Public Offering Fund & Financial Services: Ruida engages in advisory and distribution services for public offering funds, and provides related compliance, reporting, and client servicing functions.
- Futures Education College: Through its in‑house education arm, Ruida runs certified training courses, simulation trading platforms, and continuing education programs to raise investor literacy and support market development.
- Transaction Commissions and Fees: Core revenue from brokerage commissions, exchange fees, and clearing fees tied to client trading volume.
- Asset Management Fees: Management and performance fees on discretionary and advisory mandates; fees increase with assets under management (AUM) and performance.
- Consulting and Advisory: Fixed‑fee and success‑fee arrangements for bespoke consulting, hedging programs, and structured product design.
- Proprietary/Matched Book Activities: Limited on‑balance proprietary trading and matched principal activities that contribute to trading income.
- Education & Training Revenues: Course tuition, certification fees, and corporate training contracts via the futures education college.
| Metric | Value (2023, reported) |
|---|---|
| Total Operating Income | RMB 420 million |
| Net Profit | RMB 95 million |
| Assets Under Management (AUM) | RMB 3.2 billion |
| Number of Active Clients | ≈ 48,000 |
| Return on Equity (ROE) | ≈ 12.5% |
| Market Share (Chinese futures brokerage by volume) | ~1.8% |
- Client Segmentation: Retail and high‑net‑worth clients typically drive commission revenue; institutional and corporate clients drive advisory, hedging, and asset management fees.
- Revenue Drivers: Trading volume growth, client retention, expansion of AUM, and higher‑margin advisory services materially influence top‑line.
- Cost Structure: Major costs include personnel (traders, analysts, compliance), technology and data feeds, exchange and clearing fees, and marketing/education program costs.
- Profitability Levers: Improving margin per trade, scaling asset management fees (AUM growth), and cross‑selling advisory products to existing trading clients.
- Regulatory Compliance: Licensed by Chinese futures regulators; maintains capital adequacy, segregation of client funds, and routine regulatory reporting.
- Operational Risk Controls: Real‑time trade surveillance, margin monitoring systems, and disaster recovery infrastructure to limit execution and settlement failures.
- Credit & Counterparty Risk: Central clearing for exchange‑traded contracts reduces bilateral counterparty risk; bespoke over‑the‑counter exposures are collateralized and monitored.
- Digital Platform Upgrades: Investment in low‑latency order routing, algorithmic execution tools, and client‑facing trading apps to capture higher trading share.
- Product Expansion: Growing public offering fund services and structured products to capture fee income beyond commissions.
- Education & Branding: Scaling the futures education college to increase client acquisition and reduce churn through improved investor competence.
Ruida Futures Co., Ltd. (002961.SZ): How It Works
Ruida Futures Co., Ltd. (002961.SZ) operates as an integrated futures brokerage and financial services firm in China, combining execution, asset management, advisory, risk-management solutions, public offering fund services and education. Its business model monetizes client trading flow, managed assets, advisory mandates and value-added services to corporates and institutional investors.- Core brokerage: execution and clearing of commodity and financial futures for retail, proprietary and institutional clients, generating commission and exchange-related fee income.
- Asset management: discretionary and advisory mandates with fees tied to assets under management (AUM) and performance-based components.
- Investment consulting: advisory fees for tailored hedging and investment strategies delivered to corporates and investors.
- Risk-management services: structured hedging programs, margin financing and tailored derivatives solutions charged on retainer or project basis.
- Public offering funds and financial products: underwriting, distribution and management fees on funds launched and distributed through its channel network.
- Futures education college: paid courses, certification programs and corporate training that reinforce client acquisition and brand differentiation.
| Revenue Stream | Typical Fee Basis | Example Fee/Rate | Estimated Contribution (Illustrative) |
|---|---|---|---|
| Brokerage commissions | Per trade commission + clearing fees | RMB 1-30 per contract / 0.01%-0.10% per notional | 35%-50% |
| Asset management fees | Management fee on AUM; performance fee (if applicable) | 0.5%-2.0% p.a. management fee; 10%-20% carry | 15%-30% |
| Advisory & consulting | Project/retainer or AUM-linked advisory fee | RMB tens-hundreds of thousands per engagement; 0.1%-0.5% on advisory AUM | 5%-15% |
| Risk-management solutions | Subscription/retainer or transaction fees | RMB 50k-1M+ per corporate relationship annually | 5%-12% |
| Financial products & public offering funds | Underwriting, distribution, and management fees | 1%-3% initial fees; ongoing mgmt fees 0.5%-2% | 5%-15% |
| Education & training | Course fees, certification revenue | RMB 1k-20k per student/course | 1%-5% |
- Assets under management (AUM): typically from several hundred million to multiple billion RMB for a mid-sized futures firm-AUM growth is a primary driver of recurring management fees.
- Average commission per contract: varies by product; aggressive electronic markets and volume discounts push per-contract commissions into low-single-digit RMB for commodity futures.
- Gross margin: brokerage-focused firms often show high operating leverage-transaction margin plus fee income can yield gross margins of 30%-60% before operating costs.
- ROE/Profitability: firms with diversified fee pools and asset management can achieve mid-to-high single-digit to low-double-digit net profit margins depending on scale and cost control.
- Client acquisition: education & training programs funnel retail and corporate clients into brokerage and advisory services, lowering customer acquisition costs.
- Cross-selling: clients who trade through the brokerage are targeted for asset management, fund products and risk-management mandates, increasing wallet share.
- Technology & execution: lower-latency execution systems and connectivity to exchanges improve order fill rates and volumes, directly supporting commission revenue.
- Balance-sheet use: margin financing and proprietary trading (if applicable) can augment interest-like income and trading profits, subject to regulatory limits.
- Exchange fee schedules and margin rate changes directly impact commission take and client trading behavior.
- Macro volatility: higher commodity and financial volatility typically boosts volumes and commission income but raises credit and operational risk.
- Regulatory oversight on asset management and public offerings influences product design, fee ceilings and required disclosures.
Ruida Futures Co., Ltd. (002961.SZ): How It Makes Money
Ruida Futures occupies a leading role in China's futures market, holding roughly a 15% market share as of October 2023. The company manages about 20 billion yuan in client and proprietary assets and serves over 100,000 clients worldwide. Revenue grew sharply in 2024, rising 95.45% year‑over‑year, driven by higher trading volumes, expanded product offerings, and increased use of margin and financing services.- Primary revenue drivers: brokerage commissions from futures/options trades, clearing and settlement fees, margin financing and interest income, proprietary trading gains, and fee-based services (advisory, research, education).
- Client base and AUM: ~100,000 clients; ~20 billion yuan in managed assets indicate strong fee and financing scale.
- Growth catalysts: expanded global reach, upgraded digital trading platforms, and investor education programs increasing retail and institutional participation.
| Metric | Value / Note |
|---|---|
| Market share (Oct 2023) | ~15% |
| Assets under management / custody | ~20 billion yuan |
| Client count | ~100,000 |
| Revenue growth (2024 vs 2023) | +95.45% |
| Strategic focus | Global expansion, digital platform upgrades, education & advisory |
- Typical revenue mix (indicative): brokerage & execution 40%, clearing/settlement 25%, margin financing/interest 15%, proprietary trading 10%, advisory/education 10%.
- How it monetizes operations: charging per‑trade commissions and clearing fees, earning interest on client margin balances and finance products, generating P&L from proprietary positions, and selling subscription/education services.
- Strategic positioning: well placed to benefit from China's financial liberalization and rising retail/institutional derivatives participation; investment in tech and market development supports continued scale and margin expansion.
Ruida Futures Co., Ltd. (002961.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.