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← CockpitCompetitor Analysis › 600927.SS Yongan Futures Co., Ltd. Class AOpen in the cockpit ↗

Yongan Futures Co., Ltd. Class A600927.SSCompetitor analysis, valuation and peers

China · CNY·Financials›Investment Banks/Brokers

Zhejiang-based futures brokerage providing commodity and financial-futures trading and clearing services.

≈ A Chinese commodity-futures brokerage, like a regional FCMMomentum strong 78
Mkt cap
$2.83B
US dollars, full cap
Free float
66%
of shares outstanding
$/day
$11.5M
20-day average traded
Fwd P/E
24.3×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
174 days
29 Apr 2027
Close · CNYCN¥13.02
1D0.0%
1W+7.1%
1M+9.1%
3M-4.3%
6M-12.2%
YTD-19.0%
1Y-13.3%
ATR %2.5%
52w lowhigh23.2% off high

What Yongan Futures does

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.

Products and services

  • Futures brokerage/clearing
  • Risk-management/hedging advisory

Customers

  • Commodity producers/traders
  • Retail futures investors

Where it sits in the supply chain

  • Financials
  • Capital markets
  • Futures brokerage

What could go right

  • Futures-market trading-volume growth

What could go wrong

  • Commodity-market volatility swings
  • Commission-fee compression

Moat: narrow (regulatory licence). Futures brokerage licence is regulated, but the market has many similar-sized competitors.

Headquarters: Hangzhou, Zhejiang, China · Employees: 1,238

Named competitors

Yongan Futures at a glance

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).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 88600927.SS 88
Six months, rebased to 100: Yongan Futures against the median of its 20 peers (local-currency closes).

Yongan Futures financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue-CN¥4.76BCN¥1.77BCN¥2.01BCN¥23.9BCN¥35.0B
Revenue growth—-12%-92%-32%—
Gross profit-CN¥5.14BCN¥1.74BCN¥1.98BCN¥1.93BCN¥2.58B
EBITDAn/aCN¥1.01BCN¥897MCN¥1.31BCN¥1.18B
Net incomeCN¥778MCN¥652MCN¥566MCN¥729MCN¥672M
Free cash flowCN¥16.8B-CN¥5.00BCN¥1.71B-CN¥5.20BCN¥49.5M
Capital expenditureCN¥63.1MCN¥45.5MCN¥430MCN¥27.6MCN¥16.6M
Total debtCN¥88.5BCN¥63.0BCN¥49.9BCN¥47.7BCN¥47.1B

Quarterly statements and history in the cockpit →

Yongan Futures competitor charts

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.

Performance: 6-month against 1-month return

0%+50%-10%0%+10%FTK002670002500CDSLTCAP0029260622TATAINVEST8304PLUSCMCX000686ANGELONEU102855MIAX600927.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Yongan Futures is the large dot.

Fundamentals: revenue growth against valuation

-150%-100%-50%0%+50%20×40×FTK002500CDSLTCAPLCLN8304PLUS600390000686ANGELONEU10MIAX600927.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Yongan Futures is the large dot.

Yongan Futures competitors and peer comparison

Head to head with its named competitors (600927.SS vs 002961.SZ vs 603093.SS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Yongan Futures 600927.SS$2.83B-12%-139%n/a24.3×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

How Yongan Futures compares with its peers

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.

Yongan Futures against its 20 peers (data as of 6 Nov 2026)
Measure600927.SSPeer medianRank 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/E24.3×13.1×3rd most expensive of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Yongan Futures 600927.SSChina$2.83B-12%-139%n/a24.3×n/an/a
flatexDEGIRO FTK.DEGermany$2.78B-27%+20%45%11.1×n/an/a
Guosheng Securities 002670.SZChina$2.92B-20%-11%11%n/an/an/a
Shanxi Securities 002500.SZChina$2.73B-10%-3%28%16.4×n/an/a
Central Depository Services (India) CDSL.NSIndia$2.95B+5%+3%50%52.1×n/an/a
TP ICAP TCAP.LUnited Kingdom$2.97B-1%+4%11%8.9×n/an/a
HUAXI Securities 002926.SZChina$3.01B-12%+10%36%11.4×n/an/a
Oshidori International 0622.HKHong Kong$2.67B+52%+71%47%n/an/an/a
Lincoln International LCLNUnited States$2.65Bn/a+35%28%18.3×n/an/a
Tata Investment TATAINVEST.NSIndia$3.06B-22%+18%89%n/an/an/a
Aozora Bank 8304.TJapan$2.60B+17%+12%29%14.4×n/an/a
Plus500 PLUS.LUnited Kingdom$3.12B-26%+3%41%10.4×n/an/a
Minmetals Capital 600390.SSChina$3.15B-11%-62%60%51.9×n/an/a
CMC Markets CMCX.LUnited Kingdom$2.54B+79%+16%27%10.5×n/an/a
Northeast Securities 000686.SZChina$2.52B-17%+1%23%11.1×n/an/a
Angel One ANGELONE.NSIndia$3.20B+3%+21%28%23.1×n/an/a
Compagnie Financiere Tradition CFT.SWSwitzerland$2.37B-15%+3%14%13.1×n/an/a
UOB-Kay Hian U10.SISingapore$2.36B-29%+36%42%9.4×n/an/a
President Securities 2855.TWTaiwan$2.34B+24%+796%32%n/an/an/a
Miami International MIAXUnited States$3.45B-34%+14%12%18.8×n/an/a
Pacific Securities 601099.SSChina$3.47B-8%-11%14%n/an/an/a

Questions

Who are Yongan Futures's main competitors?
Named competitors: Ruida Futures (002961.SZ), CITIC Futures (private) (private or unlisted), Nanhua Futures (603093.SS), Hongye Futures (private or unlisted). The cockpit's measured peer set (industry) also includes flatexDEGIRO (FTK.DE), Guosheng Securities (002670.SZ), Shanxi Securities (002500.SZ), Central Depository Services (India) (CDSL.NS), TP ICAP (TCAP.L), HUAXI Securities (002926.SZ).
Is Yongan Futures expensive compared with its peers?
On forward p/e it trades at 24.3× against a peer median of 13.1×, 3rd most expensive of 16 in its peer set.
How has Yongan Futures stock performed?
Over six months to 6 Nov 2026 the shares returned -12.2% against -10.9% for the median peer; over one year -13.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.