Cross-Market Price Comparison
| Other Listed Market | Shenzhen (SZSE) — 弘业期货 |
|---|---|
| Other Market Stock Code | 001236 |
| H-Share Offer Price | To be extracted |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | Holly Futures |
|---|---|
| Stock Code | 03678 |
| Company Full Name | To be extracted |
| Industry | Financials |
| Principal Activities | 我們主要從事期貨經紀、資產管理及大宗商品交易與風險管理業務，提供中國及全球期貨產品經紀服務、定向及集合資產管理計劃，以及定製的期貨及商品相關現金管理和風險管理服務。 |
| Listing Date | 2015-12-30 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國南京中華路50號 |
| Business Address (Hong Kong) | 香港灣仔皇后大道東28號金鐘匯中心18樓 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | www.ftol.com.cn |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism A |
|---|---|
| Offer Price | HK$ 2.43 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2015-12-16 to 2015-12-21 |
| Global Offering Shares | 249,700,000 shares |
| HK Public Offer Shares (Initial) | 24,970,000 shares (10.0%) |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | 224,730,000 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 907,000,000 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 4.9% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 606,771,000 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 618.5M |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | 盈利約人民幣58.2百萬元 |
| Period-End Cash Balance | 人民幣1,010.5百萬元 |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
Financial Data
Unit:
'000
RMB
Balance Sheet
| Item | 2012 | 2013 | 2014 | 2015-06 |
|---|---|---|---|---|
| Cash and cash equivalents | 1,080,433 | 996,285 | 1,010,509 | 806,104 |
| Trade and bills receivables | 0 | 6,793 | 17,719 | 38,594 |
| Total current assets | 2,887,701 | 3,210,446 | 3,267,773 | 3,652,487 |
| Total assets | 2,944,872 | 3,300,696 | 3,367,640 | 3,750,097 |
| Total current liabilities | 1,769,438 | 2,060,555 | 2,113,258 | 2,469,718 |
| Total liabilities | 1,769,438 | 2,060,555 | 2,113,661 | 2,471,499 |
| Total equity | 1,175,434 | 1,240,141 | 1,253,979 | 1,278,598 |
Cash Flow Statement
| Item | 2012 | 2013 | 2014 | 2015-06 |
|---|---|---|---|---|
| Net cash from operating activities | -355,750 | 71,008 | 160,588 | 236,704 |
| Net cash from investing activities | 39,018 | -60,750 | 16,797 | -256,421 |
| Net cash from financing activities | -33,858 | 4,052 | 23,382 | -1,794 |
| Net increase in cash | -350,590 | 14,310 | 200,767 | -21,511 |
Balance Sheet
Cash Flow Statement
Source: Accountants' Report and Audited Consolidated Financial Statements
| First Day Close | HK$ 1.97 |
|---|---|
| First Day Open | HK$ 2.32 |
| First Day Change | -18.93% |
| First Day Volume | 19379000.0 |
| First Day Turnover | 43351600.0 |
| Use of Proceeds | 1、約32%或176.1百萬港元將用于透過（其中包括）于適當時機出現時尋求收購、嘗試申請在香港經營其他受規管的證券及期貨相關活動的額外牌照及提供更廣泛的期貨相關產品及服務，以進一步發展我們的香港及全球期貨業務；
2、約25%或137.6百萬港元將用于透過（其中包括）擴展我們資產管理計劃及產品種類的多樣性，為本集團將成立的集合資產管理計劃提供啟動資金，發展自有投資顧問團隊，以進一步發展資產管理業務；
3、約20%或110.1百萬港元將用于透過向弘業資本提供額外資本，以進一步發展大宗商品交易及風險管理業務；
4、約10%或55.0百萬港元將用于透過（其中包括）優化營業部覆蓋網絡及地域覆蓋范圍、進行更多互聯網（在線）相關服務及銷售以及招聘更多銷售及營銷員工和客戶經理，以進一步發展及加強現有期貨經紀業務；
5、約5%或27.5百萬港元將用于購買IT設備及軟件，以改造并提升我們的IT基礎設施及容量，包括網上交易平臺、風險監控程序以及提供個性化交易與風險管理功能的軟件及計算機程序架構；
6、約8%或44.1百萬港元將用作本集團的一般營運資金。 |
Underwriting Syndicate
Sole Sponsor (1)
国泰君安融资有限公司 CE AGS488
Overall Coordinators (1)
国泰君安证券（香港）有限公司 CE ABY236
Joint Bookrunners (1)
国泰君安证券（香港）有限公司 CE ABY236
Joint Lead Managers (3)
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 沿海资本有限公司 | 107,996,490 HKD | — | 4.90% | — | 6 months | 2016-06-30 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | 周勇 | — |
| Company Secretary | 趙偉雄、梁穎嫻 | — |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 蘇豪控股為控股股東，緊隨全球發售後持有約65.67%內資股（佔總股本約47.59%）；其他主要股東包括愛濤文化集團(23.76%/17.22%)、弘業股份(22.50%/16.31%)、弘蘇實業(21.84%/15.83%)及匯鴻集團(9.73%/7.03%)。 |
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