Zhejiang-based futures brokerage providing commodity and financial-futures trading and clearing services.
Zhejiang-based futures brokerage providing commodity and financial-futures trading and clearing services.
Earns commissions on customers' futures trades and interest on the margin deposits they leave with it, so income follows trading volumes and the amount of client money held. Chinese futures brokers are many and similar, which keeps commissions under pressure.
In one line: A Chinese commodity-futures brokerage, like a regional FCM.
Moat: narrow (regulatory licence). Futures brokerage licence is regulated, but the market has many similar-sized competitors.
Headquarters: Hangzhou, Zhejiang, China · Employees: 1,238
Size Yongan Futures (600927.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $2.83B, the 905th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.02 on 6 Nov 2026.
Performance Over six months the shares fell 12.2%, against -10.9% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue fell 138.8% over the last twelve months (peer median +11.1%).
Valuation It trades at 24.3× forward earnings against a peer median of 13.1× (3rd most expensive of 16).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | -CN¥4.76B | CN¥1.77B | CN¥2.01B | CN¥23.9B | CN¥35.0B |
| Revenue growth | — | -12% | -92% | -32% | — |
| Gross profit | -CN¥5.14B | CN¥1.74B | CN¥1.98B | CN¥1.93B | CN¥2.58B |
| EBITDA | n/a | CN¥1.01B | CN¥897M | CN¥1.31B | CN¥1.18B |
| Net income | CN¥778M | CN¥652M | CN¥566M | CN¥729M | CN¥672M |
| Free cash flow | CN¥16.8B | -CN¥5.00B | CN¥1.71B | -CN¥5.20B | CN¥49.5M |
| Capital expenditure | CN¥63.1M | CN¥45.5M | CN¥430M | CN¥27.6M | CN¥16.6M |
| Total debt | CN¥88.5B | CN¥63.0B | CN¥49.9B | CN¥47.7B | CN¥47.1B |
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 |
|---|---|---|---|---|---|---|
| Yongan Futures 600927.SS | $2.83B | -12% | -139% | n/a | 24.3× | n/a |
| Ruida Futures 002961.SZ | $1.22B | -21% | -51% | 82% | 10.6× | n/a |
| Nanhua Futures 603093.SS | $1.80B | -11% | -28% | 47% | 15.2× | 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 | 600927.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.1% | -2.9% | 3rd highest of 21 |
| 6-month return | -12.2% | -10.9% | 10th lowest of 20 |
| Distance from 52-week high | -23.2% | -26.1% | 9th highest of 21 |
| Revenue growth (TTM) | -138.8% | +11.1% | lowest of 21 |
| Forward P/E | 24.3× | 13.1× | 3rd most expensive of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yongan Futures 600927.SS | China | $2.83B | -12% | -139% | n/a | 24.3× | n/a | n/a |
| flatexDEGIRO FTK.DE | Germany | $2.78B | -27% | +20% | 45% | 11.1× | n/a | n/a |
| Guosheng Securities 002670.SZ | China | $2.92B | -20% | -11% | 11% | n/a | n/a | n/a |
| Shanxi Securities 002500.SZ | China | $2.73B | -10% | -3% | 28% | 16.4× | n/a | n/a |
| Central Depository Services (India) CDSL.NS | India | $2.95B | +5% | +3% | 50% | 52.1× | n/a | n/a |
| TP ICAP TCAP.L | United Kingdom | $2.97B | -1% | +4% | 11% | 8.9× | n/a | n/a |
| HUAXI Securities 002926.SZ | China | $3.01B | -12% | +10% | 36% | 11.4× | n/a | n/a |
| Oshidori International 0622.HK | Hong Kong | $2.67B | +52% | +71% | 47% | n/a | n/a | n/a |
| Lincoln International LCLN | United States | $2.65B | n/a | +35% | 28% | 18.3× | n/a | n/a |
| Tata Investment TATAINVEST.NS | India | $3.06B | -22% | +18% | 89% | n/a | n/a | n/a |
| Aozora Bank 8304.T | Japan | $2.60B | +17% | +12% | 29% | 14.4× | n/a | n/a |
| Plus500 PLUS.L | United Kingdom | $3.12B | -26% | +3% | 41% | 10.4× | n/a | n/a |
| Minmetals Capital 600390.SS | China | $3.15B | -11% | -62% | 60% | 51.9× | n/a | n/a |
| CMC Markets CMCX.L | United Kingdom | $2.54B | +79% | +16% | 27% | 10.5× | n/a | n/a |
| Northeast Securities 000686.SZ | China | $2.52B | -17% | +1% | 23% | 11.1× | n/a | n/a |
| Angel One ANGELONE.NS | India | $3.20B | +3% | +21% | 28% | 23.1× | n/a | n/a |
| Compagnie Financiere Tradition CFT.SW | Switzerland | $2.37B | -15% | +3% | 14% | 13.1× | n/a | n/a |
| UOB-Kay Hian U10.SI | Singapore | $2.36B | -29% | +36% | 42% | 9.4× | n/a | n/a |
| President Securities 2855.TW | Taiwan | $2.34B | +24% | +796% | 32% | n/a | n/a | n/a |
| Miami International MIAX | United States | $3.45B | -34% | +14% | 12% | 18.8× | n/a | n/a |
| Pacific Securities 601099.SS | China | $3.47B | -8% | -11% | 14% | n/a | n/a | n/a |