Who are Nanhua Futures's main competitors?

Named competitors: Yongan Futures (600927.SS), Ruida Futures (002961.SZ). The cockpit's measured peer set (industry) also includes IBF Financial (2889.TW), Polaris Bay (600155.SS), Shanghai Chinafortune (600621.SS), TOP Financial (TOP), GoFintech Quantum Innovation (0290.HK), Matsui Securities (8628.T).

Is Nanhua Futures expensive compared with its peers?

On forward p/e it trades at 15.2× against a peer median of 12.5×, 3rd most expensive of 11 in its peer set.

How has Nanhua Futures stock performed?

Over six months to 6 Nov 2026 the shares returned -10.9% against -12.8% for the median peer; over one year -14.1%.

← CockpitCompetitor Analysis › 603093.SS Nanhua Futures Co.Ltd. Class AOpen in the cockpit ↗

Nanhua Futures Co.Ltd. Class A603093.SSCompetitor analysis, valuation and peers

China · CNY·Financials›Investment Banks/Brokers

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

≈ A Chinese commodity-futures brokerage, like a regional FCMMomentum strong 79

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.80B

US dollars, full cap

Free float

21%

of shares outstanding

$/day

$33.9M

20-day average traded

Fwd P/E

15.2×

forward earnings

ROIC−WACC

n/a

WACC 9.6%

Hurdle

n/a

no reverse DCF

Next earnings

130 days

16 Mar 2027

Close · CNYCN¥12.87

1D-3.5%

1W+3.8%

1M-1.7%

3M+4.4%

6M-10.9%

YTD-4.2%

1Y-14.1%

ATR %5.2%

52w lowhigh28.2% off high

What Nanhua Futures does

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

Earns commissions and exchange-fee shares on client futures trades, interest on client margin deposits, and trading income from a subsidiary that offers over-the-counter hedging and physical commodity trading. Income swings with exchange trading volumes and interest rates.

In one line: A Chinese commodity-futures brokerage, like a regional FCM.

Products and services

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

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, brand). One of the larger licensed futures brokers, but the market has many similar-sized competitors.

Headquarters: Hangzhou, Zhejiang, China · Employees: 1,045

Named competitors

Yongan Futures 600927.SS
Ruida Futures 002961.SZ

Nanhua Futures at a glance

Size Nanhua Futures (603093.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $1.80B, the 1393rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.87 on 6 Nov 2026.

Performance Over six months the shares fell 10.9%, against -12.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue fell 27.6% over the last twelve months (peer median +26.1%); the operating margin is 47.1% (peer median 30.3%).

Valuation It trades at 15.2× forward earnings against a peer median of 12.5× (3rd most expensive of 11).

Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Nanhua Futures against the median of its 20 peers (local-currency closes).

Nanhua Futures financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥1.77B	CN¥1.43B	CN¥5.76B	CN¥6.35B	CN¥6.84B
Revenue growth	—	-75%	-9%	-7%	—
Gross profit	CN¥1.73B	CN¥1.37B	CN¥5.71B	CN¥6.32B	CN¥6.79B
EBITDA	n/a	CN¥641M	CN¥609M	CN¥581M	CN¥374M
Net income	CN¥723M	CN¥486M	CN¥458M	CN¥402M	CN¥246M
Free cash flow	CN¥9.53B	CN¥6.98B	CN¥12.1B	CN¥3.91B	CN¥1.54B
Capital expenditure	CN¥46.2M	CN¥32.6M	CN¥11.0M	CN¥52.8M	CN¥31.7M
Total debt	CN¥1.34B	CN¥1.18B	CN¥929M	CN¥1.15B	CN¥1.46B

Quarterly statements and history in the cockpit →

Nanhua 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

Up and to the right = strong over both horizons. Nanhua Futures is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nanhua Futures is the large dot.

Nanhua Futures competitors and peer comparison

Head to head with its named competitors (603093.SS vs 600927.SS vs 002961.SZ)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Nanhua Futures 603093.SS	$1.80B	-11%	-28%	47%	15.2×	n/a
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

How Nanhua 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.

Nanhua Futures against its 20 peers (data as of 6 Nov 2026)
Measure	603093.SS	Peer median	Rank in peer set
1-month return	-1.7%	-7.7%	6th highest of 21
6-month return	-10.9%	-12.8%	10th highest of 21
Distance from 52-week high	-28.2%	-34.0%	9th highest of 21
Revenue growth (TTM)	-27.6%	+26.1%	2nd lowest of 21
Operating margin	47.1%	30.3%	6th highest of 21
Forward P/E	15.2×	12.5×	3rd most expensive of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Nanhua Futures 603093.SS	China	$1.80B	-11%	-28%	47%	15.2×	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
Shanghai Chinafortune 600621.SS	China	$1.97B	-12%	-5%	25%	15.6×	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
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
AMTD IDEA Group Sponsored ADR AMTD	United States	$1.50B	-52%	+14%	27%	n/a	n/a	n/a
Central China Securities 1375.HK	Hong Kong	$2.18B	-27%	+41%	33%	9.3×	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
Okasan Securities 8609.T	Japan	$1.33B	+5%	+36%	29%	n/a	n/a	n/a
JSW JSWHL.NS	India	$1.29B	-16%	+55%	94%	n/a	n/a	n/a
Bright Smart Securities & Commodities 1428.HK	Hong Kong	$1.28B	-51%	-2%	67%	14.9×	n/a	n/a
Northeast Securities 000686.SZ	China	$2.52B	-17%	+1%	23%	11.1×	n/a	n/a
Nihon M&A Center 2127.T	Japan	$1.28B	-7%	+5%	36%	14.1×	n/a	n/a
Edelweiss Financial Services EDELWEISS.NS	India	$1.28B	+6%	+16%	11%	n/a	n/a	n/a
CMC Markets CMCX.L	United Kingdom	$2.54B	+79%	+16%	27%	10.5×	n/a	n/a

Questions

Who are Nanhua Futures's main competitors?: Named competitors: Yongan Futures (600927.SS), Ruida Futures (002961.SZ). The cockpit's measured peer set (industry) also includes IBF Financial (2889.TW), Polaris Bay (600155.SS), Shanghai Chinafortune (600621.SS), TOP Financial (TOP), GoFintech Quantum Innovation (0290.HK), Matsui Securities (8628.T).
Is Nanhua Futures expensive compared with its peers?: On forward p/e it trades at 15.2× against a peer median of 12.5×, 3rd most expensive of 11 in its peer set.
How has Nanhua Futures stock performed?: Over six months to 6 Nov 2026 the shares returned -10.9% against -12.8% for the median peer; over one year -14.1%.