Nanhua Futures Co., Ltd. (603093.SS)

Nanhua Futures Co., Ltd. (603093.SS) — VMCI valuation read

Across 120 indicators, Nanhua Futures Co., Ltd. (603093.SS) lands at VMCI 59/100. The Financial Services sector median is 50, so the 9-point above-median read is the active comparison. Pillar weighting on the score: Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%.

No material Form 4 disclosures landed on 603093.SS in the past 30 days. Quiet insider tape removes one signal source; the active reads stay with the trailing-twelve-month financials and the next 10-Q.

**Investor frame.** On Value, 603093.SS trades at 17.0x earnings, 6% below the Financial Services median of 18.0x; the EV/EBITDA delta of -2.0x reinforces that single line. On Quality, ROIC of 13.0% sits 3.0pp above the Financial Services median (10.0%). On Risk, net debt to EBITDA of 3.2x is the binding constraint on the bear case for 603093.SS on the trailing balance sheet.

603093.SS fell 3.3% over the trailing 7 days, with a +7.1% read on a 30-day basis.