ZHONGTAI FUTURES Company Limited Class H (HK:1461)
:1461
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ZHONGTAI FUTURES Company Limited Class H
(1461)
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Rating:50Neutral
Price Target:
HK$0.60
▼(-13.19% Downside)
Action:Reiterated
Date:04/08/26
The score is held down primarily by weakening financial performance (multi-year revenue decline, volatile profitability, and negative operating/free cash flow in 2025) and a technically weak setup (below key moving averages with negative MACD). A low P/E provides some support, and the low-leverage balance sheet is a clear positive, but not enough to offset deteriorating operating and cash-flow trends.
Positive Factors
Low leverage / conservative balance sheet
Very low debt levels and a large, stable equity base provide durable financial flexibility. This reduces refinancing risk, lets management fund operations or strategic investments during downturns, and cushions the firm against episodic cash-flow volatility common in brokerage businesses.
Negative Factors
Multi-year revenue decline
Sustained top-line decline erodes scale benefits and undermines margins and fee income stability. Multi-year revenue weakness reduces the firm's ability to invest in client acquisition or technology, weakens pricing power, and makes recovery of prior profitability levels more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low debt levels and a large, stable equity base provide durable financial flexibility. This reduces refinancing risk, lets management fund operations or strategic investments during downturns, and cushions the firm against episodic cash-flow volatility common in brokerage businesses.
Read all positive factors
ZHONGTAI FUTURES Company Limited Class H (1461) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$581.10M
Dividend Yield2.39%
Average Volume (3M)297.90K
Price to Earnings (P/E)2.7
Beta (1Y)1.45
Revenue Growth-58.31%
EPS Growth1793.88%
CountryHK
Employees758
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.08
Shares Outstanding277,090,000
10 Day Avg. Volume272,800
30 Day Avg. Volume297,900
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.21
Price to Sales (P/S)0.64
P/FCF Ratio-0.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ZHONGTAI FUTURES Company Limited Class H Business Overview & Revenue Model
Company Description
ZHONGTAI FUTURES Company Limited provides brokerage services for commodity and financial futures in the People's Republic of China. The company operates through Futures Brokerage, Commodity Trading and Risk Management, Futures Asset Management, an...
How the Company Makes Money
The company primarily makes money by earning fees and commissions tied to client trading activity in futures and options markets. Key revenue streams typically include: (1) Brokerage commissions: transaction-based commissions charged when clients ...
ZHONGTAI FUTURES Company Limited Class H Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
78
Positive
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 890.18M | 1.85B | 2.15B | 2.45B | 2.25B |
| Gross Profit | 660.14M | 1.85B | 2.15B | 2.45B | 2.25B |
| EBITDA | 153.70M | 50.58M | 207.18M | 246.75M | 272.24M |
| Net Income | 83.33M | 4.53M | 133.72M | 166.10M | 188.57M |
Balance Sheet | |||||
| Total Assets | 45.26B | 33.76B | 30.13B | 28.86B | 20.68B |
| Cash, Cash Equivalents and Short-Term Investments | 481.26M | 1.24B | 18.82B | 16.47B | 10.37B |
| Total Debt | 92.03M | 147.16M | 50.11M | 60.28M | 19.07M |
| Total Liabilities | 42.62B | 31.21B | 27.57B | 26.42B | 18.40B |
| Stockholders Equity | 2.64B | 2.55B | 2.56B | 2.44B | 2.28B |
Cash Flow | |||||
| Free Cash Flow | -2.21B | 1.86B | 2.83B | 5.88B | 4.96B |
| Operating Cash Flow | -2.19B | 1.88B | 2.85B | 5.89B | 4.98B |
| Investing Cash Flow | -19.79M | -19.56M | -21.31M | -4.01M | -296.38M |
| Financing Cash Flow | -100.08M | 49.87M | -240.12M | 170.99M | -33.29M |
ZHONGTAI FUTURES Company Limited Class H Technical Analysis
Negative
0.69
Price Trends
0.62
Negative
0.65
Negative
0.71
Negative
Market Momentum
>-0.01
Positive
42.85
Neutral
19.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1461, the sentiment is Negative. The current price of 0.69 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.62, and below the 200-day MA of 0.71, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.85 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1461.
ZHONGTAI FUTURES Company Limited Class H Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$18.25B | 11.85 | 37.98% | 4.01% | 11.40% | 11.52% | |
62 Neutral | HK$849.93M | 12.07 | 29.87% | 0.66% | 170.86% | ― | |
56 Neutral | HK$681.68M | 50.95 | 0.81% | 0.33% | -107.67% | -64.00% | |
53 Neutral | HK$22.07B | 7.63 | 8.60% | 2.75% | 40.32% | 287.91% | |
50 Neutral | HK$581.10M | 2.72 | 3.24% | 2.39% | -58.31% | 1793.88% | |
49 Neutral | HK$1.62B | 8.40 | -2.38% | ― | 1061.35% | ― |
* Financial Sector Average
HK:1461
ZHONGTAI FUTURES Company Limited Class H
0.58
0.08
16.00%
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1.07
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34.47%
ZHONGTAI FUTURES Company Limited Class H Corporate Events
ZHONGTAI FUTURES Proposes 2025 Final Dividend and Sets August Payout Date
Mar 30, 2026
ZHONGTAI FUTURES Company Limited has proposed a final ordinary cash dividend of RMB 0.068 per 10 shares for the financial year ended 31 December 2025, with payment scheduled for 11 August 2026 in Hong Kong dollars, subject to shareholder approval ...
Zhongtai Futures Adopts New Accounting Treatment for Warehouse Receipt Trades
Mar 30, 2026
Zhongtai Futures Company Limited has updated its accounting policies following new guidance from China’s Ministry of Finance on the treatment of standard warehouse receipt transactions. The board approved the policy changes on 30 March 2026,...
Zhongtai Futures Tightens Audit Committee Terms to Bolster Governance
Mar 30, 2026
Zhongtai Futures Company Limited has issued a revised draft of the terms of reference for its board Audit Committee to strengthen internal supervision, risk control and corporate governance. The document aligns the committee’s mandate with P...
Zhongtai Futures Unveils Audited 2025 Results and Details Forthcoming Annual Report
Mar 30, 2026
Zhongtai Futures Company Limited has released its audited consolidated annual results for the year ended 31 December 2025, together with comparative 2024 figures, fulfilling Hong Kong listing disclosure requirements. The results, reviewed by the c...
Zhongtai Futures Sets March 2026 Board Meeting to Approve 2025 Results
Mar 18, 2026
Zhongtai Futures Company Limited has scheduled a board meeting for 30 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the declarati...
Zhongtai Futures Names New Chairman After Leadership Resignation
Feb 16, 2026
Zhongtai Futures Company Limited announced the resignation of executive director and chairman Lyu Xiangyou, effective 14 February 2026, citing work adjustment, with Lyu stating he has no disagreement with the board and no issues requiring sharehol...
Zhongtai Futures Sets Out Board Line-Up and Committee Structure
Feb 16, 2026
ZHONGTAI FUTURES Company Limited has announced the current composition of its eight-member board of directors, which includes executive, non-executive, and independent non-executive directors, led by Chairman and general manager Zhou Shunyuan. The...
ZHONGTAI FUTURES Shareholders Unanimously Approve Articles Amendments at 2026 EGM
Feb 11, 2026
ZHONGTAI FUTURES Company Limited held its first extraordinary general meeting of 2026 in Jinan on 11 February, with a quorum representing roughly 72.5% of its issued share capital. The board was largely present either in person or via video, and t...
Zhongtai Futures Extends Board Term as New Election Is Delayed
Feb 11, 2026
Zhongtai Futures Company Limited has announced that the election of its fifth-session board of directors will be postponed beyond the scheduled expiry of the current fourth-session board’s term on 14 February 2026. To maintain continuity, th...
ZHONGTAI FUTURES Expects 1,677% Profit Surge for 2025 on Operational Improvements and Low Base
Feb 5, 2026
ZHONGTAI FUTURES Company Limited has issued a positive profit alert, stating that based on preliminary unaudited figures, net profit attributable to shareholders for the year ended 31 December 2025 is expected to surge by about 1,677% compared wit...
ZHONGTAI FUTURES Tightens Consolidated Management, Eases Chairman–GM Split in Governance Revamp
Jan 23, 2026
ZHONGTAI FUTURES Company Limited has proposed amendments to its Articles of Association to strengthen consolidated management and adjust its governance structure in line with new regulatory guidance. In response to the Securities Association of Ch...
Zhongtai Futures Calls February EGM to Amend Articles of Association
Jan 23, 2026
Zhongtai Futures Company Limited has called its first extraordinary general meeting of 2026 for 11 February in Jinan, where shareholders will consider and vote on a special resolution to amend the company’s Articles of Association. The meeti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.