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

• Market Cap: HK$601.14M
• Dividend Yield: 2.39%
• Average Volume (3M): 297.90K
• Price to Earnings (P/E): 4.6
• Beta (1Y): 1.38
• Revenue Growth: -18.72%
• EPS Growth: -45.10%
• Country: HK
• Employees: 758
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.06
• Shares Outstanding: 277,090,000
• 10 Day Avg. Volume: 272,800
• 30 Day Avg. Volume: 297,900
• PEG Ratio: 0.02
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 0.37
• P/FCF Ratio: -0.30
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: HK$0.60 ▼(-13.19% Downside)
• Action: Reiterated Date: 04/08/26
• Date: Action: Reiterated 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.

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...

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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 ...

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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

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

• Technical Analysis Sentiment: Negative
• Last Price: 0.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.63, above the 50-day MA of 0.67, and below the 200-day MA of 0.72, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
6178	57 Neutral	HK$72.96B	10.15	5.58%	2.66%	30.38%	2.63%
1788	53 Neutral	HK$22.35B	18.06	8.60%	2.75%	32.03%	154.14%
1461	50 Neutral	HK$601.14M	4.56	1.42%	2.39%	-18.72%	-45.10%
3678	48 Neutral	HK$659.21M	169.91	0.83%	0.33%	-53.05%	-32.93%
0952	46 Neutral	HK$860.42M	-3.89	-14.53%	―	173.24%	-515.63%

ZHONGTAI FUTURES Company Limited Class H Corporate Events