Changes in Hong Kong stocks | Nanhua Futures (02691) rose more than 4% in the afternoon, the first half of the year's performance increased, and overseas platforms contributed more than 90% of profits

The Zhitong Finance App learned that Nanhua Futures shares (02691) rose more than 4% in the afternoon. As of press release, it rose 4.10% to HK$6.86, with a turnover of HK$21.9518 million.

According to the news, Nanhua Futures's interim results showed net profit of 388 million yuan in the first half of the year, reaching 80% of the full year of last year. Among them, Henghua International 1H26, a core overseas subsidiary, achieved operating income of 522 million yuan and net profit of 361 million yuan, an increase of 63.5% over the previous year, accounting for more than 90% of the company's net profit. The overseas position as the core profit growth pole continues to be consolidated.

Huachuang Securities pointed out that Nanhua Futures is a leader in Chinese futures companies going overseas to build a global autonomous clearing network, and has both compliance moats and financial/information security barriers. With the explosion of risk management demand for overseas Chinese enterprises, the increase in the capital strength of A+H platforms, and the advancement of H share repurchase programs, the company is entering a period of strategic opportunity for global liquidators to reshape value.