Hongye Futures 17 consecutive boards! Listed for three weeks, subject to "key monitoring" by the exchange

　　Futures stocks have a rare streak of gains.

　　On August 29, the A-share of Hongye Futures continued to trade at the daily limit, achieving a 17-day streak, closing at 12.35 yuan per share, and the Hong Kong stock price was 1.73 Hong Kong dollars per share.

　　Hongye Futures landed on the Shenzhen Stock Exchange on August 5, becoming the first "A+H" listed company in the futures industry. SH), the fourth A-share futures listed company.

The issue price is only 1.86 yuan per share. As of today's close, the stock price has risen 547.31% from the issue price.

　　It is worth noting that the recent interim reports of futures companies have successively disclosed that the industry's general profit has declined significantly, and the stock prices of corresponding companies are in a downturn.

For example, the interim results of Yongan Futures and Ruida Futures showed that the company's net profit attributable to the parent fell by nearly 57% and 21%, respectively.

As of the close on August 29, the stock price closed down 4.82% and 4.79% respectively.

　　On the 29th, the daily limit of Hongye Futures was set at 9:25, and the daily limit was opened three times during the period. As of the closing, the funds for sealing orders were 22.7777 million yuan, accounting for 1.83% of its circulating market value.

In terms of capital flow data, according to the monitoring of Datayes!, the net inflow of main funds on August 29 was 268 million yuan, the net inflow of hot funds was 156 million yuan, and the net outflow of retail funds was 423 million yuan.

In response to the continuous market situation, Hongye Futures has recently issued announcements on abnormal fluctuations in stock trading.

　　On the evening of August 28, Hongye Futures once again stated that there is no information that needs to be supplemented or corrected in the information disclosed by the company in the previous period.

The company has also not found any undisclosed material information recently reported by public media that may or have had a greater impact on the company's stock trading price.

Up to now, the company's operating conditions are normal, and the internal and external operating environment has not undergone major changes.

There are no major events that should be disclosed but not disclosed by the company, controlling shareholders and actual controllers, and there are no major events that are in the planning stage.

　　Prior to this, the Shenzhen Stock Exchange also issued a regulatory report on August 26, saying that it will focus on monitoring the recent abnormal growth of "Hongye Futures" and convertible bonds with a high conversion premium rate.

　　In terms of performance, the 2022 first quarter report of Hongye Futures showed that the company's main income was 210 million yuan, an increase of 11.08% year-on-year; net profit attributable to the parent was 7.0484 million yuan, a year-on-year decrease of 27.59%; non-net profit deducted was 6.916 million yuan, a year-on-year decrease of 6.97%; liabilities The rate is 81.54%, and the investment income is -5.1818 million yuan.

　　In addition, the data shows that Hongye Futures will achieve revenue of 1.64 billion yuan in 2021, an increase of 5.03% over 2020; net profit of 80.21 million yuan, an increase of 20.94% over the same period last year.

　　It is worth mentioning that in recent years, Hongye Futures has had constant legal disputes.

It can be seen from the records of the Judgment Documents Network that there are more than 30 disputes related to Hongye Futures from 2020 to 2021, which are more disputes than those of their peers, and many of the disputes are related to the futures company's obligation to properly educate investors.

　　For example, a case was previously published on the Judgment Documents website, specifically, the plaintiff Mr. Cheng caused the Shanghai Stock Exchange 50ETF option with a market value of 570,000 to return to zero due to missing the expiration date.

The disputes over the futures brokerage contract between the defendants Guangzhou Business Department of Hongye Futures, Hongye Futures Co., Ltd. and investors led to discussions on the notification obligations of the futures company.

　　In this case, the two parties agreed in Article 52 of the Brokerage Contract: "Within 3 trading days before the expiration of the option contract, Party B shall use the option trading client terminal and one or more of the following methods to remind Party A to properly handle the options on a daily basis. Trading positions: phone call, SMS notification, email notification." On April 22, 2020, it was the expiration date of 130 SSE "50ETF Purchase April 2350 Option" (code 10002419) held by Cheng Xinzheng, Guangzhou Business Department of Hongye Futures . Hongye Futures Company did not give Cheng Xinzheng a clear and timely reminder as agreed in the contract, resulting in the expiration of these options held by Cheng Xinzheng and voiding them, resulting in a loss of 569,920 yuan.

　　As a futures company providing brokerage services, it is obliged to remind Cheng Xinzheng in accordance with the contract, but Hongye Futures Guangzhou Sales Department and Hongye Futures Company failed to fulfill their obligation of reminding, which is a serious breach of contract and should compensate Cheng Xinzheng for this. Loss.

　　However, since Mr. Cheng did not check the three options of telephone, SMS notification and email notification in the "Stock Option Brokerage Contract", his claim that the futures company failed to fulfill the obligation to remind the expiry date was not supported by the court.

The final court ruled that all the claims of the plaintiff Mr. Cheng were rejected, and the case acceptance fee of 9,499 yuan should be borne by the plaintiff Mr. Cheng.

　　Another case is that the futures account of 19-year-old investor Jiao Moumou suffered a loss of 8.3505 million yuan due to a “promise” and “unauthorized” high-frequency trading by the Beijing Business Department of Hongye Futures in 2007.

　　Thirteen years later, Hongye Futures was sentenced to compensate 20% of the investment losses, or 1.6701 million yuan, in this lawsuit.

It is worth mentioning that during the period, Hongye Futures charged a handling fee of 2.323381 million yuan due to futures brokerage.

　　In terms of the industry, under the background of the rapid development of the futures market in recent years, the pace of listing of futures companies has accelerated. Currently, Shanghai Mid-term Futures and Xinhu Futures are in the process of preparing for IPO.

　　With the official implementation of the "Futures and Derivatives Law", while supporting futures companies to expand financing channels and encouraging qualified leading futures companies to go public, futures operating institutions are also required to adjust and upgrade their management systems. The business development model will also gradually transform into a compliance management and service management development model, with risk management and asset pricing services as the core business, which also brings more norms and constraints to the development of institutions in the industry.