ZHONGTAI FUTURES Company Limited Class H (1461) AI Stock Analysis

• Market Cap: HK$891.69M
• Dividend Yield: 1.82%
• Average Volume (3M): 1.64M
• Price to Earnings (P/E): 181.6
• Beta (1Y): 1.30
• Revenue Growth: -4.20%
• EPS Growth: -96.68%
• Country: HK
• Employees: 758
• Sector: Financial
• Sector Strength: 71
• Industry: Financial - Capital Markets
• EPS (TTM): <0.01
• Shares Outstanding: 277,090,000
• 10 Day Avg. Volume: 1,793,200
• 30 Day Avg. Volume: 1,635,266
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: ―

ZHONGTAI FUTURES presents a mixed investment case. The company has a strong balance sheet with zero debt, but declining revenue and margins pose challenges. Technical indicators suggest a lack of momentum, and valuation concerns arise due to a high P/E ratio. While the dividend yield is decent, it does not fully offset valuation risks. Overall, the stock scores moderately due to financial challenges and valuation issues.

ZHONGTAI FUTURES Company Limited Class H Business Overview & Revenue Model

Company Description

ZHONGTAI FUTURES Company Limited Class H (1461) is a leading financial services firm operating in the futures and options market. The company provides a broad range of financial products and services, including brokerage services, futures and options trading, and risk management solutions. ZHONGTAI FUTURES primarily serves institutional and retail clients, offering expert guidance and innovative financial solutions to meet diverse investment needs. The company operates within the financial services sector and is known for its robust trading platforms and comprehensive market insights.

How the Company Makes Money

ZHONGTAI FUTURES Company Limited generates revenue primarily through brokerage fees and commissions derived from futures and options trading activities. The company earns commissions by facilitating trades for its clients on various exchanges. Additionally, the firm offers risk management and advisory services, which contribute to its revenue streams by providing value-added services to clients. Key factors influencing the company's earnings include market volatility, trading volumes, and its ability to attract and retain clients. Strategic partnerships with financial institutions and technology providers enhance its service offerings and operational efficiency, further supporting its revenue growth.

ZHONGTAI FUTURES Company Limited Class H Financial Statement Overview

Summary

ZHONGTAI FUTURES demonstrates a mixed financial performance. While the balance sheet remains strong with zero debt, the income statement shows declining revenue and profitability margins. Cash flow generation is healthy, but reduced Free Cash Flow could impact future growth investments. Overall, the company has a solid foundation but faces challenges in revenue growth and profitability.

Income Statement

ZHONGTAI FUTURES shows a declining trend in revenue with recent figures falling from past highs. The Gross Profit Margin has remained stable, but the Net Profit Margin has decreased significantly, indicating challenges in controlling costs or increasing revenue. The EBIT Margin has notably decreased, signaling reduced operational profitability.

Balance Sheet

The company's balance sheet is strong with zero total debt in the latest year, resulting in a favorable debt-to-equity ratio. Stockholders' equity has been stable, supporting a solid equity ratio. However, the decline in total assets could be a concern if it continues.

Cash Flow

Operating cash flow remains robust, but there is a noticeable decrease in Free Cash Flow compared to prior years, affecting the company's ability to finance growth without external funding. The Operating Cash Flow to Net Income ratio remains strong, indicating efficient cash generation relative to net income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.85B	2.15B	2.45B	2.25B	488.82M
Gross Profit	1.85B	2.15B	2.45B	2.25B	488.82M
EBITDA	0.00	―	―	―	0.00
Net Income	4.53M	133.72M	166.10M	188.57M	56.83M
Balance Sheet
Total Assets	33.76B	30.13B	28.86B	20.68B	12.93B
Cash, Cash Equivalents and Short-Term Investments	1.24B	18.82B	16.47B	10.37B	684.95M
Total Debt	0.00	50.11M	60.28M	19.07M	20.08M
Total Liabilities	31.21B	27.57B	119.36M	156.20M	10.69B
Stockholders Equity	2.55B	2.56B	2.44B	2.28B	2.24B
Cash Flow
Free Cash Flow	1.86B	2.83B	5.88B	4.96B	-231.03M
Operating Cash Flow	1.88B	2.85B	5.89B	4.98B	-223.45M
Investing Cash Flow	-19.56M	-21.31M	-4.01M	-296.38M	9.13M
Financing Cash Flow	49.87M	-240.12M	170.99M	-33.29M	-9.43M

ZHONGTAI FUTURES Company Limited Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.89
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1461, the sentiment is Positive. The current price of 0.89 is above the 20-day moving average (MA) of 0.82, above the 50-day MA of 0.74, and above the 200-day MA of 0.59, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 71.60 is Negative, neither overbought nor oversold. The STOCH value of 64.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1461.

ZHONGTAI FUTURES Company Limited Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$17.86B	12.02	10.34%	3.75%	9.68%	0.49%
1461	54 Neutral	HK$891.69M	181.63	0.18%	1.82%	-4.20%	-96.68%
GUE	―	€5.49B	120.93	2.31%	―	―	―
0EC	―	€10.59B	17.07	4.53%	―	―	―
ABM	―		―		―	―	―
3678	63 Neutral	HK$1.15B	97.05	2.39%	0.24%	65.33%	―
0952	45 Neutral	HK$928.03M	59.38	-3.62%	―	14.16%	-161.03%

ZHONGTAI FUTURES Company Limited Class H Corporate Events

ZHONGTAI FUTURES Announces AGM and Register Closure

ZHONGTAI FUTURES Company Limited has announced the closure of its register of members from May 14 to June 13, 2025, in preparation for its annual general meeting (AGM) scheduled for June 13, 2025. This closure is to confirm shareholders eligible to attend and vote at the AGM, impacting the company’s operations by temporarily halting share transfers during this period.

ZHONGTAI FUTURES Announces 2024 Annual Results

ZHONGTAI FUTURES Company Limited has announced its audited consolidated annual results for the year ended December 31, 2024. The results, reviewed by the company’s audit committee, are available on the Hong Kong Stock Exchange and the company’s websites. This announcement complies with the relevant disclosure requirements, and the full annual report will be published in due course.

ZHONGTAI FUTURES Schedules Board Meeting for Annual Results

ZHONGTAI FUTURES Company Limited has announced a board meeting scheduled for March 20, 2025, to discuss and approve the annual results for the year ending December 31, 2024. The meeting will also consider the potential payment of a final dividend, indicating the company’s ongoing commitment to shareholder returns.

ZHONGTAI FUTURES Issues Profit Warning Amid Market Fluctuations

ZHONGTAI FUTURES Company Limited has issued a profit warning, projecting a 95% decrease in net profit for the year ending December 31, 2024, compared to the previous year. This decline is attributed to significant fluctuations in China’s domestic A-share market, adversely affecting their equity option business. Despite these challenges, the company plans to focus on strengthening its core operations and improving risk management to promote high-quality development.

ZHONGTAI FUTURES Announces Board Composition and Committee Roles

ZHONGTAI FUTURES Company Limited has announced the composition of its board of directors, which includes nine directors with various roles. The board has established five committees, each with designated chairpersons and members, to oversee strategic development, risk control, audit, remuneration and appraisal, and nomination processes, reflecting the company’s structured approach to governance.

ZHONGTAI FUTURES Appoints New General Manager to Strengthen Leadership

ZHONGTAI FUTURES Company Limited has appointed Mr. ZHOU Shunyuan as the new general manager, effective from February 27, 2025. This leadership change is expected to bring a wealth of experience to the company, given Mr. ZHOU’s extensive background in various managerial roles within the securities industry. The appointment is part of the company’s strategic efforts to strengthen its management team and enhance its market positioning.

ZHONGTAI FUTURES Announces EGM Results and New Executive Director Appointment

ZHONGTAI FUTURES Company Limited held its first extraordinary general meeting of 2025 on February 25, where key resolutions were voted on, including the appointment of an executive director. The meeting was conducted in compliance with the Company Law of the People’s Republic of China, and the poll results were deemed legal and valid. Zhongtai Securities, a major shareholder, abstained from voting on a specific financial agreement due to material interest, highlighting the company’s adherence to governance protocols.

ZHONGTAI FUTURES Announces Board Composition and Governance Structure

ZHONGTAI FUTURES Company Limited has announced the composition of its board of directors, which includes nine members with a mix of executive, non-executive, and independent non-executive directors. The board has established five committees to oversee various aspects of the company’s governance, including strategic development, risk control, audit, remuneration, and nomination, indicating a structured approach to corporate governance.

Zhongtai Futures to Hold 2025 Extraordinary General Meeting

Zhongtai Futures Company Limited has announced its first extraordinary general meeting (EGM) of 2025, scheduled for February 25. The meeting aims to approve a new Financial Products Services Framework Agreement with Zhongtai Securities and elect a non-staff representative director. The outcomes of this meeting could potentially influence the company’s strategic direction and governance, impacting stakeholders and strengthening its industry position.

Zhongtai Futures Proposes Election of Experienced Director

Zhongtai Futures Company Limited announced the proposed election of Mr. Zhou Shunyuan as a non-staff representative director, pending approval at their extraordinary general meeting. Mr. Zhou, currently serving as the general manager of Dongying Branch of Zhongtai Securities Co., brings extensive experience from various managerial roles within the securities industry, potentially strengthening the company’s strategic leadership.