Nanhua Futures (603093) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 496.6m, up 43.02% YoY; attributable net income was RMB 200.1m, up 66.45% YoY.

• 9M revenue reached RMB 1.376bn, up 46.27% YoY, and attributable net income was RMB 588.4m, up 67.41%.

Financial highlights

• 9M total profit was RMB 682.0m, up 73.18% YoY; adjusted attributable net income was RMB 587.1m, up 66.82%.

• 9M net income was RMB 589.1m versus RMB 351.8m a year earlier; basic and diluted EPS were RMB 0.57, up 42.50% YoY.

• 9M net commission income was RMB 589.8m versus RMB 429.4m; investment income was RMB 152.0m versus RMB 139.5m.

• Fair value changes produced a gain of RMB 8.1m versus a loss of RMB 53.7m in 9M 2025; net hedge losses were RMB 17.3m versus RMB 14.9m.

Key financial ratios and metrics

• Weighted average ROE was 3.36% in Q3, up 0.60 percentage points YoY; 9M ROE was 10.12%, up 1.85 points.

• Sep. 30 total assets were RMB 79.10bn, up 20.81% from year-end 2025; attributable equity was RMB 5.98bn, up 6.81%.

• Parent net capital was RMB 1.82bn; net capital/risk reserves was 140%, net capital/net assets 43%, current assets/current liabilities 561%, and liabilities/net assets 21%.