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ZHONGTAI FUTURES Company Limited Class H

ZHONGTAI FUTURES Company Limited Class H

HHKEX:1461
0.56
HKD
+0.00
(-0.89%)
551.85MMarket Cap
ZHONGTAI FUTURES Company Limited Class H
HKEX:1461
(Hong Kong Exchange)

Recent

price

0.56

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.43
0.43
0.37
0.45
0.42
0.3
0.47
2.25
2.44
2.15
0.59
0.69
- -
Revenue per Share
0.11
0.11
0.11
0.16
0.12
0.03
0.06
0.19
0.17
0.13
- -
0.09
- -
Basic EPS, GAAP
0.04
-0.05
-0.28
-0.23
0.32
0.42
-0.23
4.95
5.86
2.83
1.86
-2.26
- -
Free Cash Flow per Basic Share
- -
- -
0.04
0.05
0.07
0.05
- -
0.02
0.02
0.03
0.02
- -
- -
Dividend per Share
1.7
1.97
2.04
2.15
2.2
2.18
2.24
2.28
2.44
2.56
2.55
2.63
2.72
Book Value per Share
1.69
1.97
2.04
2.14
2.19
2.17
2.23
2.27
2.43
2.54
2.53
2.61
2.7
Tangible Book Value per Share
750
855
1,002
1,002
1,002
1,002
1,002
1,002
1,002
1,002
1,002
1,002
1,002
Basic Weighted Avg Shares
322
370
375
455
422
301
466
2,256
2,445
2,150
590
688
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
9
8
8
10
12
18
19
17
23
27
28
31
- -
Depreciation Expense
80
94
113
159
118
30
57
189
166
134
5
86
- -
Net Income, GAAP
23.98
25.08
27.21
24.01
25.55
30.36
42
26.4
26.3
26.3
45.38
29.79
- -
Effective Tax Rate (%)
24.93
25.3
30.1
34.86
27.93
9.89
12.2
8.36
6.79
6.22
0.77
12.43
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
13
10
17
20
19
35
96
147
86
87
LT Debt
1,272
1,978
2,079
2,185
2,233
2,185
2,239
2,282
2,442
2,560
2,551
2,636
2,726
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
5.76
5.58
7.5
5.48
1.35
2.55
8.27
6.95
5.21
0.17
3.16
- -
Return on Capital (%)
- -
5.76
5.61
7.54
5.39
1.35
2.57
8.34
7.03
5.35
0.18
3.3
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Jun'24
Dec'24
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,002
1,002
1,002
Market Capitalization
476
555
477

Working Capital

CNY

•

in mil. unless spec.
Jun'24
Dec'24
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
20,484
20,638
29,715
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.95%
3.35%
3.33%
Free Cash Flow
-235.59%
-507.12%
-221.58%
Net Income, GAAP
194.38%
378.43%
1,788.36%
Sales/Revenue/Turnover
36.62%
64.91%
16.66%
Total Cash Common Dividend
- -
- -
-82.25%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
590
2025
- -
- -
688
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
0.09
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.02
2025
- -
- -
- -
2026
- -
- -
- -
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Business
ZHONGTAI FUTURES Company Limited delivers comprehensive brokerage solutions for both commodity and financial futures within the People's Republic of China. The company organizes its operations across several key divisions: Futures Brokerage, Commodity Trading and Risk Management, Futures Asset Management, and Treasury and Other Businesses. The Futures Brokerage segment is dedicated to facilitating transactions in commodity futures and financial futures markets. Through its Commodity Trading and Risk Management division, the company engages in physical commodity trading, manages futures positions, and offers over-the-counter derivatives trading, alongside services such as basis trading, warehouse receipts, and cooperative hedging strategies. The Futures Asset Management segment provides specialized portfolio construction and ongoing oversight, investment advisory, and trade execution services. The Treasury and Other Businesses division encompasses central treasury functions, investment income, and associated financial management. Additional capabilities include market making and IT consulting services. Serving a broad base of individual and institutional clientele primarily across the Chinese market, the firm is noted as a significant futures company regulated by the China Securities Regulatory Commission. It maintains memberships across major Chinese futures exchanges, including the China Financial Futures Exchange, Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, Shanghai International Energy Trading Center, and Guangzhou Futures Exchange. Established in 1995 and headquartered in Jinan, People's Republic of China, the company underwent a formal rebranding, changing its name from LUZHENG FUTURES Company Limited to ZHONGTAI FUTURES Company Limited in March 2022, with the change becoming effective for trading on the Hong Kong Stock Exchange from May 2022. ZHONGTAI FUTURES Company Limited operates as a subsidiary of Zhongtai Securities Co., Ltd. The company recently projected a substantial increase in net profit for the first half of 2025, anticipating a 5,415% year-over-year surge, driven by improved operational efficiency and strategic enhancements.