Worthy of being called “Qimao”!
After the listing of Yong’an futures, the limit has been raised for two consecutive days. At present, the total market value has reached 41.44 billion yuan, which is more than twice the total market value of the other two A-share listed futures companies Ruida Futures Co.Ltd(002961) and Nanhua Futures Co.Ltd(603093) , and this multiple is expected to continue to expand.
On December 23, Yong’an futures, as the third futures company listed on A-Shares after Nanhua Futures Co.Ltd(603093) and Ruida Futures Co.Ltd(002961) , officially landed on the main board of Shanghai Stock Exchange.
Yongan futures issued 146 million shares at an issue price of 17.97 yuan. Listed for two days, trading for two consecutive days. Yesterday’s closing, there are still 126000 hands to pay the price limit.
“Qimao” opened at 19.98% on the day of listing, and then quickly rose to 44.02%, triggering a temporary suspension. As of the closing of the day, the share price of Yong’an futures reported 25.88 yuan / share, up 44.02%. The turnover on that day was 69.694 million yuan, the turnover rate was 1.86%, and the total market value was 37.67 billion yuan.
Yesterday, the second day of the listing of Yong’an futures, the opening price rose again, and the share price was 28.47 yuan. As of yesterday’s closing, the turnover of Yong’an futures was 64.77 million yuan, the turnover rate was 1.56%, and the total market value was 41.44 billion yuan.
Perhaps affected by the “crowding out” effect of the listing of Yong’an futures, Nanhua Futures Co.Ltd(603093) , Ruida Futures Co.Ltd(002961) share prices have been poor in the past two days and have fallen to a certain extent, with a total decline of 3.37% and 6.05% respectively. On December 22, both stocks performed well, Ruida Futures Co.Ltd(002961) rose by the intraday limit and Nanhua Futures Co.Ltd(603093) rose by 5%.
However, yesterday, Nanhua Futures Co.Ltd(603093) shares rebounded, closing at 13.38 yuan / share, up 0.60%, with a market value of 8.211 billion yuan. Ruida Futures Co.Ltd(002961) failed to turn red, closing at 24.71 yuan / share, down 0.56%, with a market value of 11 billion yuan.
In fact, the two A-share listed futures companies have made quite good profits this year. According to the third quarterly report of 2021, the company’s main revenue in the first three quarters of 2021 was 1.653 billion yuan, a year-on-year increase of 116.04%; The net profit attributable to the parent company was 370 million yuan, a year-on-year increase of 181.23%; Deduct non net profit of RMB 358 million, a year-on-year increase of 183.59%.
From the perspective of main revenue sources, in the first three quarters of this year, Ruida Futures Co.Ltd(002961) Commission revenue was 734 million yuan, a year-on-year increase of 124.84%, mainly due to the growth of income from asset management business and brokerage business; Net interest income was 140 million yuan, a year-on-year increase of 118.52%, mainly due to the increase in the scale of futures margin deposits; The investment income was 158 million yuan, with a year-on-year increase of 163.91%, mainly due to the increase in the income of trading financial assets of structured entities included in the consolidation scope at the end of the period.
According to the third quarterly report of 2021 released by Nanhua Futures Co.Ltd(603093) , the company realized an operating revenue of 6.877 billion yuan from January to September 2021, a year-on-year decrease of 12.13%, and the net profit attributable to shareholders of the listed company was 171 million yuan, a year-on-year increase of 153.76%, and the earnings per share was 0.2831 yuan.
In contrast, Yong’an futures has made better profits this year and remains the industry leader. According to the data in the 2021 semi annual report of Yong’an futures, the company achieved a total operating revenue of 16.685 billion yuan in the first half of this year, compared with 11.095 billion yuan in the same period of last year, a year-on-year increase of 50.38%; The total profit was 895 million yuan, 527 million yuan in the same period of last year, a year-on-year increase of 69.81%; The net profit attributable to the shareholders of the listed company was 740 million yuan, up from 410 million yuan in the same period last year, an increase of 80.24% over the same period last year.
At present, what investors are most concerned about is how many boards can the newly listed Yong’an futures stock price gain. Data show that Nanhua Futures Co.Ltd(603093) and Ruida Futures Co.Ltd(002961) previously listed in A-Shares were opened after 16 trading boards were harvested after listing.
But now, different from the past, today, when the A-share market tends to value investment, the new “boom” gradually recedes, and investors are more mature and rational, the market’s expectation of Yongan futures, a large cap stock in the A-share “futures family”, may be more rational. How many trading boards can we harvest? Let’s wait and see!
Since this year, the trading situation of futures market and the operation of futures companies have increased significantly. According to the data released by China Futures Association, in the first 10 months of this year, the net profit of 150 futures companies in China was 10.969 billion yuan, a year-on-year increase of 70.09%; The operating revenue was 39.418 billion yuan, a year-on-year increase of 46.91%; The handling fee income was 25.379 billion yuan, a year-on-year increase of 66.89%.
So far, there are two Hong Kong stock listed companies Hongye futures and LUZHENG futures, Nanhua Futures Co.Ltd(603093) , Ruida Futures Co.Ltd(002961) , three A-share listed companies Yongan futures, and 15 new third board listed companies in the industry. In addition, Shanghai medium-term futures and Xinhu futures are receiving listing guidance, and the A-share listing application of Hongye futures was accepted by the CSRC in June this year. It can be expected that more futures companies will land in A-Shares in the near future.
Some industry experts told reporters that by choosing the way of listing for financing, futures companies will change from closed operation to openness and transparency. After entering the public view, the company’s business development, profit model and service function to the real economy will be displayed in the general environment of the capital market. On the one hand, this will help the public to know more about futures companies and futures industry, and let more people know about futures and pay attention to futures. On the other hand, it also challenges the previous business model of futures companies. How the company creates profit growth and how to do well in risk management should be supervised by all parties. The company’s comprehensive operation management level and market competitiveness will be directly linked to the company’s share price.
However, he said that listing financing is a good way to solve the shortage of funds in the development of futures companies, and it is also the only way for futures companies to truly integrate into the capital market and become stronger and bigger.
At the 17th China (Shenzhen) International Futures conference in 2021 held on December 5, Fang Xinghai, vice chairman of China Securities Regulatory Commission, also proposed to support leading companies in the futures industry to accelerate their development, support futures companies to expand financing channels and carry out cross-border operations, encourage qualified head futures companies to go public, and strive to build a group of futures companies with strong capital strength and international competitiveness Derivatives and commodity service companies with risk management and asset pricing services as their core business.
(futures daily)
