Nanhua Futures(603093) 证券时报网·2025-01-21 00:03Core Viewpoint - Nanhua Futures plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategic layout and capitalize on its overseas business growth [1][2][4] Group 1: Issuance Details - The company will issue H-shares with a par value of RMB 1 each, available for subscription in foreign currency, with a maximum issuance not exceeding 15% of the total share capital post-issuance [1][2] - The issuance will be conducted through public offerings in Hong Kong and international placements, subject to regulatory approvals from the China Securities Regulatory Commission and the Hong Kong Stock Exchange [2][3] Group 2: Use of Proceeds - Proceeds from the H-share issuance will be used to supplement the capital of overseas subsidiaries, enhancing the scale and competitiveness of the company's international operations [2][3] Group 3: Business Performance - In 2023, Nanhua Futures achieved a net profit of RMB 402 million, a 63% year-on-year increase, with its wholly-owned subsidiary, Honghua International, contributing RMB 359 million, a 190% increase [3] - For the first half of 2024, the company reported a net profit of RMB 230 million, a 36.73% increase, with Honghua International generating RMB 321 million in revenue [3] Group 4: Market Position - If successful, Nanhua Futures will become the second domestic futures company to be listed as an "A+H" company, following Hongye Futures [4] - The company is currently in discussions with intermediaries regarding the issuance and listing process, with significant uncertainties surrounding the approval and implementation of the issuance [4]