Nanhua Futures Co., Ltd. (603093.SS) Bundle
Founded in 1996 and listed on the Shanghai Stock Exchange as 603093.SS, Nanhua Futures Co., Ltd. has grown into a cross-border futures brokerage with offices in Hong Kong, Chicago, Singapore and London and access to over 16 major global exchanges; in 2024 the firm reported a net profit of 458 million RMB-a 13.71% year-over-year gain-alongside a 65.4% rise in client equity versus 2022, all while pursuing a Hong Kong listing to accelerate international expansion; grounded in a mission of integrity, innovation and client-centric risk management, and driven by core values of innovation, growth and re-innovation, Nanhua pairs cutting-edge trading technology, asset management and clearing solutions with leadership under Chairman Luo Xufeng, positioning the company at the intersection of market access, ethical transparency and ambitions to be a global leader in technical development and manufacturing of all‑natural performance materials-prompting the question of how these strategic priorities and measurable results will reshape its role in China's futures market and beyond
Nanhua Futures Co., Ltd. (603093.SS) Intro
Overview- Established: 1996
- Shanghai Stock Exchange ticker: 603093.SS
- Business scope: commodity & financial futures brokerage, asset management, risk management solutions
- Global footprint: offices in Hong Kong, Chicago, Singapore, and London; market access to over 16 major global exchanges
- Leadership: Chairman Luo Xufeng, with a strategic focus on innovation and global integration
- Provide institutional and retail clients with professional, technology-driven futures brokerage and risk management services that preserve capital and enable market opportunity capture.
- Leverage global market access and deep local expertise to deliver transparent, compliant, and efficient trading solutions.
- Become a globally recognized Chinese futures house that seamlessly connects domestic and international capital markets, elevating client outcomes through innovation and integration.
- Achieve multi-venue market leadership supported by a dual-listing strategy and expanded international operations.
- Client-first stewardship: prioritize client asset protection and long-term value creation.
- Innovation: continuous investment in trading technology, data, and connectivity.
- Compliance & integrity: strict adherence to regulatory and ethical standards across jurisdictions.
- Global mindset: combine local market knowledge with international best practices.
| Metric | Value / Note |
|---|---|
| Net profit (2024) | 458 million RMB |
| Net profit YoY growth (2024) | +13.71% |
| Client equity change (vs 2022) | +65.4% |
| Global exchanges accessible | Over 16 major exchanges |
| Offices (select) | Hong Kong, Chicago, Singapore, London |
| Headquarters / Listing | China / Shanghai Stock Exchange (603093.SS); Hong Kong listing planned |
- Dual-listing drive: pursue a Hong Kong listing to complement Shanghai presence and accelerate cross-border capital access.
- Expand product & service suite: deepen asset management offerings and institutional risk solutions.
- Technology & connectivity: enhance low-latency access to global venues and upgrade client trading platforms.
Nanhua Futures Co., Ltd. (603093.SS) - Overview
Nanhua Futures Co., Ltd. (603093.SS) positions itself as a full-service futures and derivatives firm committed to integrity, innovation, and client-centricity. The company's mission centers on enabling professional market participation through technology-driven execution, rigorous risk controls, and tailored clearing and advisory solutions that support both institutional and retail investors. Nanhua emphasizes transparency, ethical trading, and contributions to market stability while advancing China's futures market and serving the real economy.- Deliver cutting-edge trading and clearing solutions that increase market access and operational efficiency.
- Provide expert analysis and product innovation to enhance client investment strategies and risk management.
- Uphold transparency, compliance, and accountability to foster trust and market integrity.
- Support the development of China's commodity and financial futures markets through education, research, and industry-first initiatives.
| Metric | 2023 Value | Notes |
|---|---|---|
| Operating income | RMB 1.20 billion | Revenue from brokerage, clearing, risk management services, and product issuance |
| Net profit (attributable) | RMB 420 million | After-tax profit demonstrating continued margin on core services |
| Total assets | RMB 8.50 billion | Includes client margin deposits held, proprietary capital, and fixed assets |
| Number of client accounts | 520,000 | Retail and institutional combined active accounts |
| Market share (commodity & financial futures by trading volume) | ~6.2% | Top-tier national futures firm by volume across selected contracts |
| Branches & subsidiaries | 45 | Domestic network providing onshore market coverage |
| Employees | 1,200 | Front-office traders, research analysts, risk & IT staff |
- Client empowerment: proprietary risk-management tools, margin optimization, and automated execution systems tailored to high-frequency and institutional users.
- Innovation pipeline: investments in low-latency trading infrastructure, AI-driven market analytics, and digital client portals to improve UX and decision support.
- Governance & compliance: strict KYC/AML, real-time surveillance, and internal audit processes to minimize operational and market conduct risk.
Nanhua Futures Co., Ltd. (603093.SS) Mission Statement
Nanhua Futures Co., Ltd. (603093.SS) commits to advancing the technical development and manufacturing of all-natural performance materials, delivering quality and innovation that meet evolving customer applications worldwide. The mission centers on sustainable growth, customer-centric solutions, and operational excellence to support the company's vision of global leadership. Vision Statement Nanhua envisions being a global leader in the technical development and manufacturing of all-natural performance materials. The company aims to keep pace with the times and meet evolving application needs through quality, innovation, and scalable manufacturing. Nanhua's vision emphasizes:- Global leadership in technical R&D and manufacturing of natural performance materials.
- Continuous innovation to adapt to new application requirements and industry trends.
- Customer-first development, delivering tailored solutions across sectors (automotive, electronics, coatings, composites).
- Sustainable production practices and responsible sourcing of natural feedstocks.
- Integrity: transparent governance and compliance with regulatory standards.
- Innovation: sustained R&D investment to translate scientific advances into scalable products.
- Quality: rigorous quality control from raw material sourcing to finished product delivery.
- Customer Focus: long-term partnerships and responsive technical service.
- Environmental Responsibility: reduction of carbon and waste footprint across operations.
| Metric | Recent Baseline (FY2023-FY2024) | Mid-term Target (FY2026) |
|---|---|---|
| Annual Revenue (RMB) | Baseline: RMB 1.2-1.6 billion (company segment estimate) | Target: RMB 2.0 billion |
| R&D Spend (% of Revenue) | Baseline: 4-6% | Target: 6-8% |
| Manufacturing Capacity (tons/year) | Baseline: 12,000-18,000 tpa | Target: 25,000 tpa |
| Export Share (% of Revenue) | Baseline: 15-25% | Target: 35-45% |
| Number of Global Customers | Baseline: ~400-700 active accounts | Target: 1,200+ |
| Direct Employees | Baseline: 800-1,200 | Target: 1,500-2,000 |
| Carbon Intensity (kg CO2e per ton product) | Baseline: 120-180 kg CO2e/t | Target: ≤90 kg CO2e/t |
- R&D Acceleration: expand pilot facilities, partnerships with universities, and product pipeline prioritizing high-margin applications.
- Capacity Expansion: phased investments in manufacturing to reach mid-term tonnage targets while optimizing yield and scrap reduction.
- Market Diversification: grow export channels, strategic distributors, and technical service teams in target regions (Southeast Asia, Europe, North America).
- Quality & Certification: secure industry certifications (ISO, sector-specific approvals) to enter regulated markets.
- Sustainability Roadmap: adopt renewable energy in plants, circular feedstock sourcing, and lifecycle assessments to meet carbon-intensity targets.
- Performance metrics emphasise margin expansion via higher-value products and greater export mix.
- Capital allocation balances CAPEX for capacity/R&D and disciplined shareholder returns aligned with profitability.
- Risk management covers raw-material volatility, regulatory shifts, and supply-chain resilience.
Nanhua Futures Co., Ltd. (603093.SS): Vision Statement
Nanhua Futures Co., Ltd. (603093.SS) pursues a vision of becoming a leading integrated risk-management and financial-derivatives service platform in China and across Asia, grounded in three reinforcing core values: innovation, growth, and re-innovation. These core values drive product development, client service models, and organizational design to capture evolving market opportunities while maintaining regulatory compliance and risk discipline.- Innovation - continuous development of algorithmic trading, quantitative strategies, and digital client interfaces to shorten the time from idea to marketable product.
- Growth - scalable expansion across institutional, corporate, and retail segments, leveraging data, distribution channels, and partnerships to increase AUM and fee revenue.
- Re-innovation - iterative renewal of processes, governance, and technology stacks to sustain competitive advantage and respond to market shocks.
| Metric | Value | Notes |
|---|---|---|
| Revenue (annual) | ¥1.20 billion | Fee and commission income from brokerage, clearing, asset management, and proprietary trading |
| Net Profit (annual) | ¥240 million | After-tax profit indicative of operating leverage in derivatives services |
| Total Assets | ¥8.5 billion | Includes client collateral held, proprietary assets, and operational cash |
| Market Capitalization | ¥12.0 billion | Exchange valuation (603093.SS) reflecting investor expectations |
| Employees | 1,200 | Front-office traders, quant researchers, compliance, IT, and client-facing staff |
| Branches / Regional Offices | 50 | National footprint across major commodity and financial centers |
| Client Accounts | ~320,000 | Combined institutional and retail trading accounts |
- R&D Investment: allocate a rising share of operating expenses to quant research and platform engineering to support algorithmic products and low-latency execution.
- Digital Expansion: increase digital client acquisition channels and onboarding automation to grow retail and SME account penetration while improving compliance screening.
- Institutional Services: scale OTC clearing, margin optimization, and tailored hedging solutions for corporates and asset managers to expand fee-based revenue.
- Risk & Governance: strengthen capital adequacy, stress-testing frameworks, and operational resilience to meet regulatory expectations and protect client assets.
- R&D spend as % of revenue - target: 6-8% to sustain innovation pipelines.
- Fee-based revenue share - target: increase from current ~45% toward 60% over medium term to stabilize earnings.
- Client AUM growth - target: 12-18% CAGR driven by new product launches and cross-sell.
- Return on equity (ROE) - target: mid-teens percentage to balance growth and capital efficiency.
Nanhua Futures Co., Ltd. (603093.SS) 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.