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ZHONGTAI FUTURES Company Limited Class H (1461) AI Stock Analysis
ZHONGTAI FUTURES Company Limited Class H
(HKEX:1461)
The score is held back primarily by weakening operating momentum and a significant deterioration in cash flow (negative operating and free cash flow in 2025), despite a low-leverage balance sheet. Technical signals are also mildly bearish/soft, while the main offset is a very low P/E and a modest dividend yield that suggest the stock is priced cheaply relative to earnings.
ZHONGTAI FUTURES Company Limited Class H (1461) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 591.12M
- Dividend Yield
- 1.32%
- Average Volume (3M)
- 129.40K
- Price to Earnings (P/E)
- 3.4
- Beta (1Y)
- 0.67
- Revenue Growth
- -47.43%
- EPS Growth
- 329.85%
- Country
- Hong Kong
- Employees
- 762
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Financial - Capital Markets
ZHONGTAI FUTURES Company Limited Class H Business Overview & Revenue Model
Company Description
ZHONGTAI FUTURES Company Limited, established in 1995 and headquartered in Jinan, People's Republic of China, stands as a prominent provider of commodity and financial futures brokerage services across the PRC market. The firm's extensive business mo...
ZHONGTAI FUTURES Company Limited Class H Financial Statement Overview
Summary
Financials are mixed with notable risk. The balance sheet is conservatively positioned with low leverage and a stable equity base, but operating performance has weakened: revenue fell sharply in 2025 (down ~38% vs. 2024) after a multi-year decline, earnings have been volatile, and cash generation deteriorated materially with 2025 turning to negative operating and free cash flow.
Income Statement
38NegativeBalance Sheet
78PositiveCash Flow
32Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 906.02M | 890.18M | 1.85B | 2.15B | 2.45B | 2.25B |
| Gross Profit | 706.20M | 660.14M | 1.85B | 2.15B | 2.45B | 2.25B |
| EBITDA | 243.49M | 153.70M | 52.42M | 207.18M | 248.01M | 273.61M |
| Net Income | 147.95M | 83.33M | 4.53M | 133.72M | 166.10M | 188.57M |
Balance Sheet | ||||||
| Total Assets | 49.58B | 45.26B | 33.76B | 30.13B | 28.86B | 20.68B |
| Cash, Cash Equivalents and Short-Term Investments | 511.14M | 481.26M | 1.24B | 18.82B | 16.47B | 10.37B |
| Total Debt | 90.66M | 92.03M | 147.16M | 50.11M | 60.28M | 19.07M |
| Total Liabilities | 46.85B | 42.62B | 31.21B | 27.57B | 26.42B | 18.40B |
| Stockholders Equity | 2.73B | 2.64B | 2.55B | 2.56B | 2.44B | 2.28B |
Cash Flow | ||||||
| Free Cash Flow | -7.32B | -2.21B | 1.86B | 2.83B | 5.88B | 4.96B |
| Operating Cash Flow | -7.29B | -2.19B | 1.88B | 2.85B | 5.89B | 4.98B |
| Investing Cash Flow | -27.73M | -19.79M | -19.56M | -21.31M | -4.01M | -296.38M |
| Financing Cash Flow | -60.52M | -100.08M | 49.87M | -240.12M | 170.99M | -33.29M |
ZHONGTAI FUTURES Company Limited Class H Technical Analysis
Price Trends
Market Momentum
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 0.59 is below the 20-day moving average (MA) of 0.60, below the 50-day MA of 0.65, and below the 200-day MA of 0.63, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.79 is Neutral, neither overbought nor oversold. The STOCH value of 42.43 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
Overall Rating
HK:178859Neutral
HK:142855Neutral
HK:854054Neutral- HK:146154Neutral
HK:367853Neutral
HK:021849Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| HK:1788 | 59Neutral | HKD 27.06B | 18.44 | 9.18% | 2.46% | 43.49% | 109.36% |
| HK:1428 | 55Neutral | HKD 10.16B | 15.35 | 33.51% | ― | -1.70% | 8.52% |
| HK:8540 | 54Neutral | HKD 913.89M | 49.38 | 7.60% | 0.96% | 4.08% | -73.74% |
| HK:1461 | 54Neutral | HKD 591.12M | 3.40 | 5.52% | 1.32% | -47.43% | 329.85% |
| HK:3678 | 53Neutral | HKD 459.45M | 49.25 | 1.71% | 0.25% | -90.99% | 148.61% |
| HK:0218 | 49Neutral | HKD 1.20B | 9.90 | 4.36% | ― | 200.24% | ― |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1461 | ZHONGTAI FUTURES Company Limited Class H | 0.59 | -0.12 | -16.78% | |
| HK:1788 | Guotai Junan International Holdings Limited | 2.85 | -0.85 | -23.00% | |
| HK:1428 | Bright Smart Securities & Commodities Group Limited | 5.99 | -3.36 | -35.99% | |
| HK:0218 | Shenwan Hongyuan (H.K.) Limited | 0.77 | -0.86 | -52.76% | |
| HK:3678 | Holly Futures Co. Ltd. Class H | 1.84 | -1.97 | -51.73% | |
| HK:8540 | Victory Securities (Holdings) Co. Ltd. | 4.37 | -0.54 | -11.02% |
ZHONGTAI FUTURES Company Limited Class H Corporate Events
Zhongtai Futures Completes RMB600 Million Subordinated Bond Issue to Bolster Capital
Zhongtai Futures Company Limited has completed a non-public issuance of its 2026 subordinated bonds (first tranche) to professional investors, following approval at its 2025 annual general meeting and clearance from the Shanghai Stock Exchange. The c...
Zhongtai Futures Confirms Valid Poll Results at 2026 Extraordinary General Meeting
ZHONGTAI FUTURES Company Limited, a Hong Kong-listed PRC futures brokerage with a dual-share structure of domestic and H shares, operates under the majority control of Zhongtai Securities and adheres to PRC Company Law and Hong Kong listing rules in...
Zhongtai Futures Reschedules 2026 Extraordinary Meeting and Extends Share Register Closure
ZHONGTAI FUTURES Company Limited has postponed its 2026 third extraordinary general meeting from 28 September to 30 September, while keeping the meeting venue in Jinan, Shandong unchanged. The adjustment, made for work coordination reasons, shifts th...
Zhongtai Futures Calls EGM to Approve Service and Tenancy Deals
ZHONGTAI FUTURES Company Limited has convened its third extraordinary general meeting of 2026 for 30 September in Jinan, Shandong Province, to seek shareholder approval for two key ordinary resolutions. These resolutions cover an IB Services Framewor...
ZHONGTAI FUTURES Sets September 2026 Extraordinary General Meeting and Closes Register of Members
ZHONGTAI FUTURES Company Limited has scheduled its third extraordinary general meeting of 2026 for 9:30 a.m. on 28 September 2026 in Jinan, Shandong Province, to be held as an on-site meeting at the company’s conference facilities. The move ref...
Zhongtai Futures Seeks Shareholder Approval for New Connected IB Services Deal
ZHONGTAI FUTURES Company Limited has entered into a new IB Services Framework Agreement with Zhongtai Securities, effective for three years until 31 December 2028, replacing a former arrangement once approved. The company aims to maintain continuity...
Zhongtai Futures Releases Unaudited Interim Results for First Half of 2026
Zhongtai Futures Company Limited announced its unaudited consolidated interim results for the six months ended 30 June 2026, comparing performance with the same period in 2025 and confirming that the figures were reviewed by its audit committee. The...
Zhongtai Futures Sets Board Meeting to Approve 2026 Interim Results
ZHONGTAI FUTURES Company Limited has scheduled a board meeting for 21 August 2026 to review and approve the interim results for the six months ended 30 June 2026, along with their planned publication. The move signals the company’s progress tow...
Zhongtai Futures Plans New IB Services Framework as Business Grows
ZHONGTAI FUTURES Company Limited plans to revise its commercial arrangements with Zhongtai Securities for IB services as its IB business continues to expand. The company intends to replace the existing framework with a new three-year IB Services Fram...
Zhongtai Futures Signs RMB18.8 Million Connected Office Leases in Jinan
Zhongtai Futures Company Limited and its wholly owned subsidiary Zhongtai Huirong Capital have entered into new tenancy agreements with Qilu Zhongtai Property, a unit of their controlling shareholder Zhongtai Securities, securing office space in Jina...
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.
Date of analysis: Oct 17, 2026