Holly Futures reports mixed Q3 results, governance changes

For the third quarter ended September 30, 2025, Holly Futures reported a total income from operations of RMB139,249,323.84, with net profit attributable to shareholders increasing to RMB5,695,374.68, a 57.36% increase compared to the same period last year. However, total income from operations for the first nine months of 2025 decreased by 76.77% to RMB461,782,507.83, and net profit attributable to shareholders saw an 87.27% decline to RMB2,089,726.41, primarily due to changes in accounting treatment for standard warehouse receipt trading and reduced brokerage business income.

In a related development, the company’s Second Extraordinary General Meeting (EGM) on October 28, 2025, approved significant amendments to its Articles of Association and the dissolution of the Supervisory Committee. All special resolutions related to these changes were passed with over two-thirds of the votes. Other governance policies, including administrative policies for connected transactions, raised funds, and independent directors' working policies, were also amended and approved as ordinary resolutions.

The EGM also followed a partial release of pre-IPO restricted shares on August 8, 2025, amounting to 431,642,122 shares, which represented 42.83% of the company's total share capital. Additionally, the company distributed cash dividends for A-share shareholders on August 8, 2025.