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ZHONGTAI FUTURES Company Limited Class H
(1461)
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Rating:57Neutral
Price Target:
HK$0.74
▲(6.52% Upside)
Action:Reiterated
Date:07/17/26
The score is primarily constrained by weakening financial performance—declining revenue, volatile profitability, and a 2025 reversal to negative operating/free cash flow—despite a strong low-leverage balance sheet. Technicals are moderately supportive (price above key averages, positive MACD), and valuation is favorable with a low P/E and modest yield, helping offset but not fully overcome the fundamental cash-flow risk.
Positive Factors
Low leverage and stable equity base
The company’s low leverage provides financial resilience and limits the burden of interest and refinancing obligations. A broadly stable equity base and growing assets also preserve capacity to support client services, manage market exposures, and invest through the next several quarters.
Negative Factors
Persistent revenue contraction
The multi-year revenue decline points to weakening business activity or monetization across the company’s services rather than a single isolated quarter. Continued contraction can reduce operating scale, limit investment capacity, and make it harder to rebuild consistent profitability over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and stable equity base
The company’s low leverage provides financial resilience and limits the burden of interest and refinancing obligations. A broadly stable equity base and growing assets also preserve capacity to support client services, manage market exposures, and invest through the next several quarters.
Read all positive factors
ZHONGTAI FUTURES Company Limited Class H (1461) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$651.23M
Dividend Yield1.2%
Average Volume (3M)61.67K
Price to Earnings (P/E)3.8
Beta (1Y)1.53
Revenue Growth-47.43%
EPS Growth329.85%
CountryHK
Employees762
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.15
Shares Outstanding277,090,000
10 Day Avg. Volume98,300
30 Day Avg. Volume61,666
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, 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...
How the Company Makes Money
The company primarily makes money by providing futures and derivatives-related brokerage and client services and charging fees tied to client trading activity and service usage. Key revenue streams generally include: (1) Brokerage commissions and ...
ZHONGTAI FUTURES Company Limited Class H Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
78
Positive
Cash Flow
32
Negative
| 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 | 50.58M | 207.18M | 246.75M | 272.24M |
| 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
Negative
0.69
Price Trends
0.67
Negative
0.61
Positive
0.63
Positive
Market Momentum
<0.01
Positive
39.38
Neutral
66.67
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 0.68, above the 50-day MA of 0.67, and above the 200-day MA of 0.63, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 39.38 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 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
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% | |
59 Neutral | HK$27.54B | 18.76 | 9.18% | 2.42% | 43.49% | 109.36% | |
58 Neutral | HK$535.61M | 57.67 | 1.71% | 0.21% | -90.99% | 148.61% | |
57 Neutral | HK$651.23M | 3.76 | 5.52% | 1.20% | -47.43% | 329.85% | |
54 Neutral | HK$12.07B | 18.23 | 33.51% | 22.30% | -1.70% | 8.52% | |
54 Neutral | HK$866.65M | 49.32 | 7.60% | 0.96% | 4.08% | -73.74% | |
49 Neutral | HK$1.37B | 11.31 | 4.36% | 4.04% | 200.24% | ― |
* Financial Sector Average
HK:1461
ZHONGTAI FUTURES Company Limited Class H
0.65
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-14.36%
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ZHONGTAI FUTURES Company Limited Class H Corporate Events
Zhongtai Futures Reschedules 2026 Extraordinary Meeting and Extends Share Register Closure
Sep 15, 2026
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...
Zhongtai Futures Calls EGM to Approve Service and Tenancy Deals
Sep 15, 2026
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 Frame...
ZHONGTAI FUTURES Sets September 2026 Extraordinary General Meeting and Closes Register of Members
Sep 9, 2026
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 ...
Zhongtai Futures Seeks Shareholder Approval for New Connected IB Services Deal
Aug 28, 2026
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 continui...
Zhongtai Futures Releases Unaudited Interim Results for First Half of 2026
Aug 21, 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. T...
Zhongtai Futures Sets Board Meeting to Approve 2026 Interim Results
Aug 11, 2026
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 ...
Zhongtai Futures Plans New IB Services Framework as Business Grows
Aug 6, 2026
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 F...
Zhongtai Futures Signs RMB18.8 Million Connected Office Leases in Jinan
Aug 6, 2026
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 J...
Zhongtai Futures Expects Net Profit to Jump Over 190% in First Half of 2026
Jul 15, 2026
ZHONGTAI FUTURES Company Limited has issued a positive profit alert, indicating that net profit attributable to shareholders for the six months ended 30 June 2026 is expected to surge by approximately 190% to 210% compared with the same period in ...
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.