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

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HK:3678

Holly Futures Co. Ltd. Class H

(3678)

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Neutral 61 (OpenAI - 4o)
Rating:61Neutral
Price Target:
HK$4.00
▲(0.00% Upside)
Holly Futures Co. Ltd. Class H has a strong financial performance, which is the most significant factor in the overall score. However, the high P/E ratio and low dividend yield indicate potential overvaluation, which negatively impacts the valuation score. Technical analysis shows mixed signals, with bearish momentum and resistance at key moving averages. The absence of earnings call data and notable corporate events means these factors do not influence the 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. Class H (3678) is a prominent player in the financial services sector, primarily focused on providing comprehensive futures trading and brokerage services. The company operates within the derivatives market, offering a range of financial instruments including commodity futures, stock index futures, and options. With a commitment to leveraging cutting-edge technology and fostering strategic partnerships, Holly Futures aims to enhance its market presence and deliver superior trading solutions to its clients.
How the Company Makes MoneyHolly Futures generates revenue primarily through commissions and fees charged on futures trading transactions conducted by its clients. The company earns a significant portion of its revenue from brokerage fees when customers execute trades on various futures contracts. Additionally, Holly Futures may also generate income through proprietary trading, where it trades its own capital in the futures markets. The company may engage in strategic partnerships with financial institutions, which can provide access to a broader client base and enhance its service offerings, contributing to its overall earnings. Furthermore, Holly Futures could also benefit from ancillary services such as market analysis, advisory services, and educational programs, which can serve as additional revenue streams.

Holly Futures Co. Ltd. Class H Financial Statement Overview

Summary
Holly Futures Co. Ltd. Class H demonstrates strong financial performance with significant revenue growth, efficient cash flow management, and a robust balance sheet. The company has a high gross profit margin and improved net profit margin, though there is room for better cost management. The balance sheet shows a strong equity position and low leverage, enhancing financial stability.
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.17B2.88B1.94B1.52B1.63B1.57B
Gross Profit2.17B179.72M126.41M104.86M1.64B1.57B
EBITDA0.0079.12M51.91M42.94M138.39M123.27M
Net Income13.42M29.83M7.79M12.38M80.21M66.32M
Balance Sheet
Total Assets10.76B11.70B9.31B10.48B8.08B6.35B
Cash, Cash Equivalents and Short-Term Investments1.15B785.47M825.66M6.88B4.96B3.90B
Total Debt329.11M286.95M191.27M146.95M174.65M57.22M
Total Liabilities8.90B9.82B7.47B8.65B6.40B4.70B
Stockholders Equity1.86B1.88B1.85B1.84B1.68B1.65B
Cash Flow
Free Cash Flow-859.49M2.33B-1.65B1.86B992.27M791.61M
Operating Cash Flow-849.60M2.35B-1.62B1.93B1.24B803.07M
Investing Cash Flow162.32M37.79M121.90M148.93M-24.72M-310.40M
Financing Cash Flow-52.36M-157.14M-9.79M119.82M44.82M3.95M

Holly Futures Co. Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.00
Price Trends
50DMA
4.18
Negative
100DMA
4.33
Negative
200DMA
3.52
Positive
Market Momentum
MACD
-0.07
Negative
RSI
49.18
Neutral
STOCH
68.64
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 is above the 20-day moving average (MA) of 3.98, below the 50-day MA of 4.18, and above the 200-day MA of 3.52, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 49.18 is Neutral, neither overbought nor oversold. The STOCH value of 68.64 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 (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$18.00B11.429.92%3.81%9.73%1.22%
€728.01M9.002.36%-4.56%
HK$941.37M253.470.72%0.27%3.47%0.70%
HK$721.37M18.371.41%2.04%-18.71%-45.10%
HK$396.49M139.291.16%-21.08%-73.08%
HK$921.88M59.38-4.03%173.24%-515.63%
HK$1.63B-78.40%-196.19%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3678
Holly Futures Co. Ltd. Class H
4.00
0.86
27.39%
HK:0993
Huarong International Financial Holdings Limited
0.19
0.02
9.47%
HK:0717
Emperor Capital Group Limited
0.11
0.06
123.40%
HK:0952
China Tonghai International Financial Limited
0.14
-0.05
-26.32%
HK:1461
ZHONGTAI FUTURES Company Limited Class H
0.74
0.18
32.14%
HK:6877
CLSA Premium Ltd.
0.20
0.09
81.82%

Holly Futures Co. Ltd. Class H Corporate Events

Holly Futures to Review Q3 Financial Results
Oct 14, 2025

Holly Futures Co. Ltd. has announced that its board of directors will convene on October 28, 2025, to review and approve the unaudited third quarterly results for the nine months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder interests.

The most recent analyst rating on (HK:3678) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Holly Futures Co. Ltd. Class H stock, see the HK:3678 Stock Forecast page.

Holly Futures Announces 2025 Extraordinary General Meeting
Oct 9, 2025

Holly Futures Co. Ltd., a company incorporated in the People’s Republic of China and operating in Hong Kong, has announced the scheduling of its 2025 second extraordinary general meeting (EGM) to be held on October 28, 2025. The meeting will address several key resolutions, including proposed amendments to the Articles of Association, Rules of Procedures, and various governance policies. These changes are aimed at enhancing the company’s operational framework and governance structure, potentially impacting its strategic direction and stakeholder engagement.

The most recent analyst rating on (HK:3678) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Holly Futures Co. Ltd. Class H stock, see the HK:3678 Stock Forecast page.

Holly Futures Co. Ltd. Announces Governance Reforms and Supervisory Committee Dissolution
Sep 29, 2025

Holly Futures Co. Ltd. announced proposed amendments to its Articles of Association, Related Rules of Procedures, and other governance policies, alongside the dissolution of its Supervisory Committee. These changes aim to align with recent legal updates and improve corporate governance by transferring the supervisory functions to the Audit Committee, reflecting a strategic shift to enhance operational efficiency and compliance.

The most recent analyst rating on (HK:3678) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Holly Futures Co. Ltd. Class H stock, see the HK:3678 Stock Forecast page.

Holly Futures Co., Ltd. Updates Accounting Policies
Aug 28, 2025

Holly Futures Co., Ltd. has announced changes to its accounting policies following a board meeting. The changes align with new regulations from the China Futures Association and the Ministry of Finance, impacting how the company recognizes income from trade activities and treats contracts for buying and selling standard warehouse receipts as financial instruments. This adjustment is expected to streamline their financial reporting and enhance compliance with industry standards.

The most recent analyst rating on (HK:3678) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Holly Futures Co. Ltd. Class H stock, see the HK:3678 Stock Forecast page.

Holly Futures Releases 2025 Interim Results
Aug 28, 2025

Holly Futures Co. Ltd. announced its unaudited consolidated interim results for the first half of 2025, showing comparative figures from the same period in 2024. The interim results comply with the listing rules of the Hong Kong Stock Exchange and have been reviewed by the company’s audit committee, indicating a commitment to transparency and regulatory compliance.

The most recent analyst rating on (HK:3678) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Holly Futures Co. Ltd. Class H stock, see the HK:3678 Stock Forecast page.

Holly Futures Announces Board Composition and Governance Roles
Aug 28, 2025

Holly Futures Co. Ltd. Class H, a company incorporated in the People’s Republic of China, has announced the composition of its board of directors and their respective roles within the organization. The board comprises executive, non-executive, and independent non-executive directors, each serving on various committees such as Audit, Remuneration, Nomination, Risk Management, and Strategic and ESG. This announcement highlights the company’s governance structure, which is crucial for stakeholders as it outlines the leadership responsible for driving the company’s strategic initiatives and managing risks.

The most recent analyst rating on (HK:3678) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Holly Futures Co. Ltd. Class H stock, see the HK:3678 Stock Forecast page.

Holly Futures Co., Ltd. Updates Nomination Committee Composition
Aug 28, 2025

Holly Futures Co., Ltd. has announced changes to its Nomination Committee, appointing Ms. Jiang Haiying and Mr. Lo Wah Wai as new members. This change aligns with amendments to the Listing Rules and the Corporate Governance Code, aiming to enhance the committee’s effectiveness, diversity, and overall corporate governance practices.

The most recent analyst rating on (HK:3678) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Holly Futures Co. Ltd. Class H stock, see the HK:3678 Stock Forecast page.

Holly Futures Announces Shareholding Reduction Plan
Aug 19, 2025

Holly Futures Co. Ltd. announced a plan for shareholding reduction by its controlling shareholder’s concerted parties, Jiangsu High Hope International Group Corporation and Jiangsu Holly International Logistics Corporation. The plan involves reducing up to 10,077,777 A shares, approximately 1% of the company’s total share capital, over a three-month period starting from September 2025. This move aims to optimize asset structure and focus on core business operations, without altering the company’s control.

Holly Futures Schedules Board Meeting to Review Interim Results
Aug 14, 2025

Holly Futures Co. Ltd. has announced a board meeting scheduled for August 28, 2025, to review and approve the unaudited interim results for the first half of the year and to consider the payment of an interim dividend. This meeting could impact the company’s financial performance and investor relations, as it will address key financial results and potential dividend distribution.

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: Oct 24, 2025