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Holly Futures Co. Ltd. Class H (HK:3678)
:3678
Hong Kong Market

Holly Futures Co. Ltd. Class H (3678) AI Stock Analysis

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HK

Holly Futures Co. Ltd. Class H

(3678)

Rating:62Neutral
Price Target:―
Holly Futures Co. Ltd. Class H demonstrates strong financial performance with robust revenue growth and solid cash flows, but faces challenges in technical analysis and valuation. The stock's high P/E ratio and low dividend yield point to possible overvaluation, while technical indicators suggest a bearish trend. Although the company has a strong financial position, these factors limit its overall score.

Holly Futures Co. Ltd. Class H (3678) vs. iShares MSCI Hong Kong ETF (EWH)

Holly Futures Co. Ltd. Class H Business Overview & Revenue Model

Company DescriptionHolly Futures Co. Ltd. is a China-based company primarily engaged in the provision of commodity futures brokerage services. The company operates in the financial sector, focusing on offering a wide range of services including futures brokerage, asset management, and investment consulting. Holly Futures is known for its extensive network and experienced team, catering to both institutional and retail clients.
How the Company Makes MoneyHolly Futures Co. Ltd. generates revenue primarily through commissions and fees from its brokerage services. The company facilitates the trading of commodity futures contracts for clients and earns commissions on each transaction. Additionally, Holly Futures offers asset management services, earning management fees based on the assets under management. The company may also engage in proprietary trading and investment consulting, which can provide additional revenue streams. Significant partnerships with financial institutions and exchanges enhance its market presence and contribute to its revenue generation capabilities.

Holly Futures Co. Ltd. Class H Financial Statement Overview

Summary
Holly Futures Co. Ltd. Class H presents a strong financial profile with solid revenue growth, efficient cash flow management, and a robust balance sheet. The company's conservative leverage and substantial cash reserves mitigate financial risks. Improvements in profitability and return on equity highlight effective management. However, there is room for enhancing net profit margins through better cost control and strategic reinvestments for sustained growth.
Income Statement
82
Very Positive
Holly Futures Co. Ltd. Class H has demonstrated strong growth with a significant increase in total revenue over the years, highlighting robust revenue growth. The gross profit margin is very high at 100% due to matching gross profit and total revenue figures. Net profit margin improved considerably in the latest year, indicating enhanced profitability. EBIT and EBITDA margins show positive trends, reflecting efficient operational management. However, the net profit margin remains relatively low compared to the gross margin, pointing to potential cost management improvements.
Balance Sheet
78
Positive
The company's balance sheet reveals a strong equity position with a growing stockholders' equity base, contributing to a favorable equity ratio. The debt-to-equity ratio is low, indicating conservative leverage use, which reduces financial risk. The return on equity (ROE) has improved, suggesting better utilization of equity to generate profits. The strong cash reserves and low net debt position further enhance the financial stability of the company.
Cash Flow
85
Very Positive
Holly Futures Co. Ltd. Class H shows excellent cash flow management with significant free cash flow and operating cash flow, suggesting strong cash-generating capability. The free cash flow to net income ratio is robust, indicating that the company efficiently converts its income into free cash. The absence of significant capital expenditures further contributes to healthy cash flows, although it may suggest limited reinvestment in growth initiatives.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.88B1.94B1.58B1.63B1.51B
Gross Profit179.72M126.41M1.41B371.57M327.57M
EBITDA79.12M51.91M42.94M127.46M103.30M
Net Income29.83M7.79M12.38M80.21M66.32M
Balance Sheet
Total Assets11.70B9.31B10.48B8.08B6.35B
Cash, Cash Equivalents and Short-Term Investments785.47M825.66M6.88B4.96B3.90B
Total Debt286.95M191.27M146.95M174.65M57.22M
Total Liabilities9.82B7.47B8.65B6.40B4.70B
Stockholders Equity1.88B1.85B1.84B1.68B1.65B
Cash Flow
Free Cash Flow2.33B―1.86B992.27M791.61M
Operating Cash Flow2.35B―1.93B1.24B803.07M
Investing Cash Flow37.79M121.90M148.93M――
Financing Cash Flow-157.14M-9.79M119.82M44.82M3.95M

Holly Futures Co. Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.91
Price Trends
50DMA
3.48
Positive
100DMA
3.03
Positive
200DMA
2.89
Positive
Market Momentum
MACD
0.42
Negative
RSI
61.40
Neutral
STOCH
47.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3678, the sentiment is Positive. The current price of 4.91 is above the 20-day moving average (MA) of 4.19, above the 50-day MA of 3.48, and above the 200-day MA of 2.89, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 61.40 is Neutral, neither overbought nor oversold. The STOCH value of 47.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3678.

Holly Futures Co. Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
HK$25.37B7.388.32%5.27%-1.00%-9.13%
78
Outperform
$57.76B7.569.19%3.99%-3.94%-23.48%
74
Outperform
$430.93B16.168.44%2.51%17.45%8.24%
64
Neutral
$169.49B8.799.25%5.23%-25.29%17.94%
62
Neutral
HK$1.23B103.372.39%0.09%65.33%―
58
Neutral
HK$90.77B5.06-3.21%5.22%7.36%-55.21%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3678
Holly Futures Co. Ltd. Class H
5.08
3.89
326.89%
HK:6655
Huaxin Cement Co., Ltd. Class H
9.39
2.12
29.16%
HK:1099
Sinopharm Group Co
18.44
-0.35
-1.85%
HK:6030
CITIC Securities Co
25.20
14.48
135.10%
HK:6886
Huatai Securities Co
16.12
8.49
111.30%

Holly Futures Co. Ltd. Class H Corporate Events

Holly Futures Reports Q1 2025 Financial Results
Apr 25, 2025

Holly Futures Co. Ltd. reported its unaudited financial results for the first quarter of 2025, showing a total income from operations of RMB642,682,173.43 and a net profit attributable to shareholders of RMB1,203,151.63. The report, prepared in accordance with PRC GAAP, was simultaneously published in Hong Kong and Mainland China, reflecting the company’s commitment to transparency and compliance with listing requirements.

Holly Futures Schedules Board Meeting for Quarterly Results Review
Apr 11, 2025

Holly Futures Co. Ltd. has announced that its board of directors will hold a meeting on April 25, 2025, to review and approve the unaudited first quarterly results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance and may influence stakeholders’ perspectives on its market positioning and future prospects.

Holly Futures Shareholder Reduces Stake Below 5%
Apr 2, 2025

Holly Futures Co. Ltd. announced that a significant shareholder, Holly Su Industrial, has reduced its shareholding in the company from over 5% to just below 5% due to judicial compulsory enforcement. This reduction, which involved the disposal of 1,162,011 A Shares, does not affect the company’s control structure or its business operations, corporate governance, and daily management. The enforcement process and its timeline remain uncertain, but the change is not expected to have a material adverse impact on the company.

Holly Futures Discloses Supervisor Remuneration Details for 2018-2023
Apr 1, 2025

Holly Futures Co. Ltd. has issued a supplemental announcement regarding the remuneration of its supervisors for the years 2018 to 2023. This disclosure addresses omissions in previous annual reports, providing detailed financial compensation information as required by the Hong Kong Stock Exchange’s listing rules. The announcement aims to enhance transparency and compliance with regulatory standards, potentially impacting stakeholder trust and company governance.

Holly Futures Co., Ltd. Declares Final Dividend for 2024
Mar 30, 2025

Holly Futures Co., Ltd. has announced a final cash dividend of RMB 0.01 per share for the financial year ending December 31, 2024. The announcement, made on March 28, 2025, highlights the company’s commitment to returning value to its shareholders, although specific dates for shareholder approval, exchange rates, and payment details are yet to be disclosed.

Holly Futures Co. Ltd. Releases 2024 Annual Results
Mar 28, 2025

Holly Futures Co. Ltd. has announced its audited annual results for the year ended 31 December 2024. The results, reviewed by the audit committee and external auditors ShineWing Certified Public Accountants, comply with the Hong Kong Stock Exchange’s listing requirements. The full 2024 Annual Report will be available online by the end of April 2025. This announcement underscores the company’s commitment to transparency and adherence to regulatory standards, which may positively influence stakeholder confidence.

Holly Futures Faces Judicial Enforcement of Major Shareholder’s Shares
Mar 10, 2025

Holly Futures Co. Ltd., a joint stock company incorporated in the People’s Republic of China, is facing a potential judicial compulsory enforcement of shares held by a shareholder, Holly Su Industrial, which holds more than 5% of the company’s shareholding. The enforcement involves 18,132,223 A Shares, representing approximately 1.80% of the total issued share capital, and will be executed through centralised bidding and block trading transactions from March 14, 2025, to June 11, 2025. This action stems from a dispute over a property share transfer involving AVIC Trust Co., Ltd, leading to a court judgment mandating the enforcement of these shares.

Holly Futures Announces Expiration of Shareholding Change Plan
Feb 25, 2025

Holly Futures Co. Ltd. announced the expiration of a plan concerning the change in shareholding by Jiangsu Holly Su Industrial Co., Ltd., a significant shareholder holding more than 5% of the company’s shares. The plan involved the judicial compulsory enforcement of certain A shares, resulting in the disposal of approximately 1.77% of the company’s total issued share capital through centralised bidding and block trading transactions. This reduction in shareholding impacts Holly Su Industrial’s stake, decreasing it from 6.78% to 5.01%, potentially affecting the company’s market dynamics and shareholder structure.

Holly Futures Co., Ltd. Forms Strategic and ESG Committee for Enhanced Governance
Feb 18, 2025

Holly Futures Co., Ltd. has established a Strategic and ESG Committee under its Board of Directors to enhance its strategic development and corporate governance. This committee will focus on long-term development strategies, ESG initiatives, and significant investment decisions. It aims to align the company with domestic and international economic trends, policy directions, and industry developments. The committee will evaluate and suggest improvements for the company’s strategic planning, ESG policies, and capital operations, thus ensuring comprehensive oversight and adaptation to climate change concerns.

Holly Futures Announces Key Leadership and Structural Changes
Feb 18, 2025

Holly Futures Co. Ltd. held its 2025 first extraordinary general meeting and class meetings on 18 February 2025. The meetings resulted in several significant corporate governance changes, including the re-appointment and appointment of directors, the election of a new chairman, changes in the strategic committee, and amendments to the company’s articles of association. These decisions reflect a strategic shift in the company’s governance and operational structure, potentially impacting its market positioning and stakeholder relations positively by aligning with regulatory standards and enhancing leadership.

Holly Futures Co. Ltd. Announces Board of Directors and Their Roles
Feb 18, 2025

Holly Futures Co. Ltd. has detailed its board of directors, highlighting the roles and functions of each director and their committee memberships. This announcement provides clarity on the governance structure, potentially impacting the strategic direction and oversight of the company’s operations, which may be of interest to stakeholders and investors.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 22, 2025