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Chinese futures brokerage providing commodity and financial futures trading, brokerage and risk-management services.
Chinese futures brokerage providing commodity and financial futures trading, brokerage and risk-management services.
In one line: China's futures-brokerage equivalent of a smaller INTL FCStone.
Moat: narrow (regulatory licence, distribution). Licensed futures brokerage with established client relationships in commodity hedging.
Headquarters: Zhejiang, China · Employees: 1,045
Size Nanhua Futures (2691.HK) is a Hong Kong Financials company (Investment Banks/Brokers) with a market value of $1.86B, the 435th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.71 on 6 Nov 2026.
Performance Over six months the shares fell 17.1%, against -11.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue fell 23.6% over the last twelve months (peer median +36.0%); the operating margin is 47.2% (peer median 28.9%).
Valuation It trades at 5.8× forward earnings against a peer median of 12.5× (cheapest of 11).
Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$2.01B | HK$1.55B | HK$6.24B | HK$7.02B | HK$7.95B |
| Revenue growth | — | -75% | -11% | -12% | — |
| Gross profit | HK$1.97B | HK$1.49B | HK$6.19B | HK$6.98B | HK$7.90B |
| EBITDA | n/a | HK$696M | HK$660M | HK$642M | HK$435M |
| Net income | HK$823M | HK$527M | HK$497M | HK$444M | HK$286M |
| Free cash flow | HK$11.1B | HK$7.56B | HK$13.1B | HK$4.32B | HK$1.79B |
| Capital expenditure | HK$53.4M | HK$35.4M | HK$11.9M | HK$58.4M | HK$36.9M |
| Total debt | HK$1.57B | HK$1.31B | HK$989M | HK$1.27B | HK$1.64B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nanhua Futures 2691.HK | $1.86B | -17% | -24% | 47% | 5.8× | n/a |
| Central China Securities 1375.HK | $2.18B | -27% | +41% | 33% | 9.3× | n/a |
| Guotai Junan International 1788.HK | $3.58B | +10% | +43% | 65% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2691.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.6% | -7.7% | 6th highest of 21 |
| 6-month return | -17.1% | -11.8% | 7th lowest of 20 |
| Distance from 52-week high | -34.9% | -32.6% | 10th lowest of 21 |
| Revenue growth (TTM) | -23.6% | +36.0% | 2nd lowest of 21 |
| Operating margin | 47.2% | 28.9% | 5th highest of 21 |
| Forward P/E | 5.8× | 12.5× | cheapest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nanhua Futures 2691.HK | Hong Kong | $1.86B | -17% | -24% | 47% | 5.8× | n/a | n/a |
| Shanghai Chinafortune 600621.SS | China | $1.97B | -12% | -5% | 25% | 15.6× | n/a | n/a |
| IBF Financial 2889.TW | Taiwan | $1.75B | +9% | +66% | 58% | n/a | n/a | n/a |
| Polaris Bay 600155.SS | China | $1.74B | -14% | -4% | 5% | 38.6× | n/a | n/a |
| Capital Securities 6005.TW | Taiwan | $2.04B | -7% | +81% | 46% | n/a | n/a | n/a |
| Metaplanet 3350.T | Japan | $2.05B | -27% | +290% | 62% | n/a | n/a | n/a |
| TOP Financial TOP | United States | $1.64B | +93% | -41% | -14% | n/a | n/a | n/a |
| GoFintech Quantum Innovation 0290.HK | Hong Kong | $1.62B | -82% | +108% | 26% | n/a | n/a | n/a |
| Matsui Securities 8628.T | Japan | $1.61B | +7% | +47% | 47% | 11.9× | n/a | n/a |
| Central China Securities 1375.HK | Hong Kong | $2.18B | -27% | +41% | 33% | 9.3× | n/a | n/a |
| AMTD IDEA Group Sponsored ADR AMTD | United States | $1.50B | -52% | +14% | 27% | n/a | n/a | n/a |
| President Securities 2855.TW | Taiwan | $2.34B | +24% | +796% | 32% | n/a | n/a | n/a |
| UOB-Kay Hian U10.SI | Singapore | $2.36B | -29% | +36% | 42% | 9.4× | n/a | n/a |
| Compagnie Financiere Tradition CFT.SW | Switzerland | $2.37B | -15% | +3% | 14% | 13.1× | n/a | n/a |
| Northeast Securities 000686.SZ | China | $2.52B | -17% | +1% | 23% | 11.1× | n/a | n/a |
| CMC Markets CMCX.L | United Kingdom | $2.54B | +79% | +16% | 27% | 10.5× | n/a | n/a |
| Aozora Bank 8304.T | Japan | $2.60B | +17% | +12% | 29% | 14.4× | n/a | n/a |
| Okasan Securities 8609.T | Japan | $1.33B | +5% | +36% | 29% | n/a | n/a | n/a |
| Lincoln International LCLN | United States | $2.65B | n/a | +35% | 28% | 18.3× | n/a | n/a |
| Oshidori International 0622.HK | Hong Kong | $2.67B | +52% | +71% | 47% | n/a | n/a | n/a |
| JSW JSWHL.NS | India | $1.29B | -16% | +55% | 94% | n/a | n/a | n/a |