From channel dependency to multi-dimensional drive, it is the right time for futures companies to differentiate themselves.

Recently, as listed futures companies gradually disclose their annual reports for 2025, combined with the performance of futures companies under listed securities firms being disclosed along with their parent company's annual reports, the operating performance of the futures industry in 2025 is becoming increasingly clear. According to an incomplete count by a reporter from China Securities Journal, 33 futures companies have already handed in their annual "report cards." Data analysis reveals that the top companies have performed well, with the combined net profit of 9 top futures companies reaching 5.693 billion yuan, accounting for more than half of the total net profit of the industry's 150 futures companies, making the industry's "Matthew effect" more pronounced. Industry insiders believe that the differentiation of performance in the futures industry in 2025 continues to intensify, with the main reason being the widening gap in capital strength, shareholder resources, and comprehensive service capabilities among institutions. Against the backdrop of increasingly fierce industry competition and sluggish growth in traditional brokerage businesses, futures companies are gradually moving away from reliance on channel business towards a transformation driven by diversified businesses. Looking ahead, the industry will enter a high-quality competition stage, with differentiated development becoming the core path for all types of futures companies to break through.