Futures company annual report and first quarterly report perspective: Revenue fluctuations increase, industry differentiation intensifies.

From the perspective of the overall industry situation in 2024, the operation of futures companies has been fluctuating, with increased pressure due to adjustments in futures exchanges' rebate policies, intensified industry competition, and a low interest rate environment. Industry data disclosed by the China Futures Association shows that last year, futures companies achieved a total operating income of 41.293 billion yuan, a year-on-year increase of 2.97%; and a total net profit of 9.471 billion yuan, a year-on-year decrease of 4.1%. This marks the third consecutive year of profit decline in the industry since 2022. As of now, nearly 35 futures companies have released their 2024 annual operating data. Among the 17 companies with net profits exceeding 100 million yuan, only 8 companies achieved a year-on-year increase in net profit. Industry insiders believe that as competition in the futures industry intensifies, leading futures companies with capital strength, brand advantages, and comprehensive service capabilities will continue to expand their market share, further consolidating the pattern of the strong getting stronger. If small and medium-sized futures companies cannot break through in differentiated competition, they may face even greater operational pressure.