Core Viewpoint - The event "DCE·Small and Medium Peers - '2025 World Investor Week' Investor Education Special Activity" was held in Jinan, focusing on educating individual investors about futures and illegal financial risk prevention [1] Group 1: Futures Market Education - The first part of the event covered the origin and development of the futures market, detailing its basic systems and evolution, and analyzing the risk characteristics of the futures market to help investors build a solid knowledge framework and rationally understand market risks [3] Group 2: Illegal Financial Activity Prevention - The second part focused on identifying and preventing illegal financial activities, discussing three hot topics: "Technology and Digital Finance," "Artificial Intelligence," and "Fraud Prevention," using real case studies to enhance participants' ability to recognize and prevent illegal financial activities, thereby guiding investors to strengthen their self-protection awareness and maintain investment safety [4] Group 3: Investor Education and Protection - The investor education activity not only disseminated professional financial knowledge but also reinforced investors' risk prevention awareness through case-based teaching, reflecting the professional responsibility and social commitment of the Zhongtai Futures Investor Education Base in investor protection and education [6]

Core Insights - Zhongtai Futures has officially obtained the National Data Management Capability Maturity (DCMM) Robust Level (Level 3) certification, indicating its comprehensive capabilities in data strategy, governance, application, and security have reached an advanced level in the industry [1][2] - The DCMM certification is the first national standard in China's data management field, with Level 3 being a significant milestone for enterprises to achieve standardized and systematic data management [1][2] Company Developments - Zhongtai Futures is the first futures company in Shandong Province to receive the DCMM Robust Level certification, positioning itself among the top tier in the industry for data governance capabilities [2] - The company has been actively enhancing its data governance framework by focusing on data strategy, organizational mechanisms, institutional processes, and technical tools, leading to a systematic construction of its data asset management [1][2] Future Directions - Moving forward, Zhongtai Futures plans to leverage the DCMM framework to transition data management from compliance-focused to value creation, aiming to unlock the potential of data elements and empower business innovation and customer service [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任 何損失承擔任何責任。 ZHONGTAI FUTURES Company Limited 中泰期貨股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：01461） 修訂公司章程 及 撤銷監事會 修訂公司章程 中 泰 期 貨 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）宣 佈，根 據《中 華 人 民 共 和 國 公 司法》（「《公司法》」）《關於新〈公司法〉配套制度規則實施相關過渡期安排》等法律法規、 規 範 性 文 件 的 有 關 規 定，參 照 有 關 市 場 案 例，並 結 合 本 公 司 實 際 情 況，擬 對《中 泰 期貨股份有限公司章程》（「公司章程」）進行修訂。本次修訂主要包括：(1)刪除監事會、 監 事 的 有 關 內 容，規 定 由 董 事 會 審 計 委 員 會 行 使《公 司 法》規 定 的 監 事 會 的 職 權；(2) 參 照《上 市 公 司 章 程 指 引》等 規 定 ...

Core Viewpoint - The steel market, particularly rebar, is experiencing weak demand and inventory pressure due to the ongoing adjustments in the real estate sector, leading to a subdued performance during the traditional peak seasons [1][4]. Group 1: Rebar Market Dynamics - The demand for rebar is expected to remain weak as new construction and construction area data continue to adjust downward, prompting steel mills to implement production control measures [1][4]. - Despite low rebar production levels, the supply-demand structure still faces pressure, with a notable shift in production towards hot-rolled coils and steel billets due to profit differentials [1][2]. - As of October 10, the average daily molten iron output from 247 steel enterprises remains above 2.4 million tons, indicating high production levels despite the weak demand [1]. Group 2: Hot-Rolled Coil Risks - The main risks for hot-rolled coils in Q4 include a potential decline in domestic demand and export pressures, with downstream orders for cold-rolled galvanized products shrinking [2]. - Current hot-rolled coil inventory levels and accumulation rates are higher than the same period last year, indicating a potential oversupply situation [2]. - The EU's plans to reduce steel import quotas and impose a 50% tariff, along with escalating trade tensions between China and the U.S., add uncertainty to steel exports [2]. Group 3: Steel Billet Export Trends - In August, China's steel billet exports reached 1.76 million tons, marking a historical high with a 12% month-on-month increase and a 230% year-on-year increase [2]. - However, steel billet production profits have turned negative, raising concerns about potential production declines in the future [2]. - The high energy consumption associated with steel billet exports is seen as a waste of domestic processing capabilities, leading to increased competition in the market [2]. Group 4: Raw Material Price Support - High molten iron production has supported raw material prices, with coal and iron ore prices performing better than finished steel products since August [3]. - As of October 13, rebar long-process profits are below 100 yuan per ton, while short-process profits in Jiangsu are around -100 yuan per ton, indicating pressure on steel mill profitability [3]. - The lack of a significant downward correlation between raw material and finished product prices suggests that cost support for rebar remains, limiting downside potential [3]. Group 5: Macro Factors and Market Sentiment - The rebar market is currently facing a contradiction between weak demand and strong costs, but this has not yet reached a level of negative feedback that would significantly impact prices [4]. - Concerns over escalating trade tensions and expectations from upcoming important meetings may lead to increased market volatility [4]. - Overall, the rebar market is expected to maintain a weak and fluctuating trend under various constraints, with potential for short-term weakness driven by market sentiment [4].

Core Viewpoint - The Liaoning Securities Regulatory Bureau has imposed corrective measures on Zhongtai Futures Co., Ltd. for failing to effectively implement incompatible position separation and performance evaluation regulations, violating relevant regulatory provisions [1][2]. Group 1: Regulatory Actions - Zhongtai Futures' Liaoning branch is required to rectify its violations within 30 days of receiving the decision and submit a report on the corrective actions taken [1]. - A warning letter has been issued to Guan Yong, the head of Zhongtai Futures' Liaoning branch, for his direct responsibility in the violations [2][7]. Group 2: Company Background - Zhongtai Futures is a subsidiary of Zhongtai Securities, with a 63.10% ownership stake [3]. - The registered capital of Zhongtai Futures is 100.19 million RMB, and it operates primarily in the futures business [4].

FF301 公司名稱: 中泰期貨股份有限公司 呈交日期: 2025年10月2日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01461 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 277,090,000 | RMB | | | 1 RMB | | 277,090,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | | | 本月底結存 | | | 277,090,000 | RMB | | | 1 RMB | | 277,090,000 | | 2. 股份分 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 ZHONGTAI FUTURES Company Limited 中泰期貨股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：01461） 延期召開2025年第二次臨時股東大會 及 延長暫停辦理股份過戶登記手續期間 延長暫停辦理股份過戶登記期間 為 確 認 有 資 格 出 席 臨 時 股 東 大 會 並 於 會 上 投 票 之 股 東，臨 時 股 東 大 會 暫 停 辦 理 股 份過戶登記手續期間原為2025年9月20日（星 期 六）至2025年10月20日（星 期 一）（包 括 首 尾 兩 日）。由 於 臨 時 股 東 大 會 延 遲，本 公 司 暫 停 辦 理 股 份 過 戶 登 記 手 續 的 截 止 日 期將由2025年10月20日（星 期 一）延 長 至2025年11月14日（星 期 五）（包 括 最 後 一 天）。 凡 於2025年11月14日（星 期 五）名 列 本 公 ...

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2025, representing a 15% increase compared to the same period last year[5]. - Operating revenue for the first half of 2025 was RMB 41,492 million, a decrease of 50.20% compared to RMB 83,320 million in the same period last year[15]. - Total profit for the first half of 2025 reached RMB 4,863 million, an increase of 2,575.99% from RMB 182 million year-on-year[15]. - Net profit attributable to shareholders for the first half of 2025 was RMB 3,258 million, up 5,414.73% from RMB 59 million in the previous year[15]. - The company's total profit for the first half of 2025 was RMB 48.63 million, compared to RMB 1.82 million in the first half of 2024, marking an increase of 2,570.5%[85]. - Net profit for the first half of 2025 reached RMB 32.58 million, significantly up from RMB 0.59 million in the first half of 2024, representing a growth of 5,417.6%[85]. Market Expansion and Strategy - The company expects a revenue growth of 10% for the second half of 2025, driven by new product launches and market expansion strategies[5]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2026[5]. - A new trading platform is set to launch in Q3 2025, aimed at improving transaction efficiency and user engagement[5]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[85]. Investment and Technology - Investment in technology infrastructure increased by 25% to enhance trading capabilities and improve user experience[5]. - The company has completed a strategic acquisition of a local brokerage firm, which is expected to contribute an additional RMB 100 million in annual revenue[5]. - The company focused on the development of financial technology to enhance customer service systems and operational efficiency[36]. - The company plans to continue its digital transformation to support high-quality business development by 2025[35]. Risk Management - Risk management measures have been strengthened, with a 40% increase in resources allocated to compliance and risk assessment[5]. - The group faces several risks including market risk, credit risk, liquidity risk, operational risk, and compliance risk, arising from uncertainties in business operations[48]. - A comprehensive risk management system is in place, covering all departments and subsidiaries, to identify, assess, monitor, and report risks[51]. - The company emphasizes the cultivation of risk management awareness among employees through internal initiatives and training[52]. - The company continuously monitors its net capital risk management indicators and conducts stress tests to assess the impact of market volatility on its key regulatory indicators and cash flow[55]. Shareholder and Governance - The board has approved a dividend payout of RMB 0.05 per share for the first half of 2025, reflecting a commitment to returning value to shareholders[5]. - Major shareholder Zhongtai Securities Co., Ltd. holds 632,176,078 domestic shares, representing approximately 63.10% of the total issued shares and 87.22% of the domestic shares[71]. - The audit committee confirmed the company's interim results announcement for the six months ended June 30, 2025, on August 29, 2025[62]. - The board of directors has confirmed their responsibility for the preparation of the consolidated financial statements for the six months ended June 30, 2025, which are unaudited[63]. Employee and Training - The company has initiated a new training program for employees, focusing on enhancing skills in digital trading technologies[5]. - The group has established a competitive talent cultivation and incentive system, with a comprehensive salary structure linked to performance assessments[46]. - During the reporting period, the group conducted 27 training sessions and produced 30 micro-courses covering various topics, enhancing the training coverage[47]. Financial Position - Total assets as of June 30, 2025, were RMB 3,353,719 million, a slight decrease of 0.65% from RMB 3,375,714 million at the end of 2024[15]. - Total liabilities as of June 30, 2025, were RMB 3,095,366 million, down 0.81% from RMB 3,120,584 million at the end of 2024[15]. - The net capital as of June 30, 2025, was RMB 152,507.60 million, exceeding the regulatory standard of not less than RMB 3,000 million[17]. - The asset-liability ratio decreased to 38.25%, down 3.62 percentage points from 41.87% at the end of 2024[27]. Cash Flow and Investments - Operating cash flow for the first half of 2025 was negative at RMB -1,818,436,167.20, compared to a positive RMB 1,797,129,575.34 in the same period of 2024, indicating a significant decline in operational performance[93]. - Total cash inflow from operating activities decreased to RMB 1,387,505,831.16 in 2025 from RMB 4,870,810,659.85 in 2024, reflecting a year-over-year decline of approximately 71.5%[93]. - Cash outflow from operating activities increased to RMB 3,205,941,998.36 in 2025, up from RMB 3,073,681,084.51 in 2024, marking an increase of about 4.3%[93]. - Financing activities resulted in a net cash flow of RMB -47,654,410.32 in the first half of 2025, compared to RMB -6,203,683.10 in 2024, indicating a worsening financing position[94]. Compliance and Accounting - The company emphasizes compliance with regulatory capital requirements and conducts stress tests before major investments[40]. - The financial statements for the first half of 2025 reflect the company's compliance with accounting standards, ensuring accurate representation of its financial position[113]. - The company’s financial statements were prepared in accordance with the applicable accounting standards, ensuring compliance and fair representation of its financial status[76]. - The group recognizes expected credit losses for financial assets measured at amortized cost and contract assets, considering past events, current conditions, and forecasts of future economic conditions[129].

Core Viewpoint - Zhongtai Futures (01461.HK) has signed two lease agreements for new office space to accommodate its rapid business growth and expansion, enhancing operational efficiency and brand image [1] Group 1: Lease Agreements - The company entered into two lease agreements with Qilu Zhongtai Property, effective from October 1, 2025, to September 30, 2026, with total rental costs amounting to RMB 18.79 million [1] - The rental amounts are RMB 14.54 million and RMB 4.25 million for the respective agreements [1] Group 2: New Office Location - The new office is located in the landmark high-rise building at 7000 Jing Shi Road, Shunhua Road, Jinan, Shandong Province, China [1] - The new office space will significantly improve the working environment and enhance the company's brand and image [1] Group 3: Business Development - The move to a new office is aimed at addressing the limitations of the current office space due to the company's rapid growth and personnel expansion [1] - The new office is expected to facilitate better collaboration with Zhongtai Securities and unlock potential in intermediary business, contributing to the company's high-quality development amidst intense competition in the brokerage industry [1]

Core Viewpoint - Company has signed two lease agreements for new office space to accommodate its rapid business growth and improve operational efficiency [1][2] Group 1: Lease Agreements - Company and its wholly-owned subsidiary signed two lease agreements with Qilu Zhongtai Property, effective from October 1, 2025, to September 30, 2026, with total rent amounting to RMB 18.79 million [1] - The first lease is for office space located at 7000 Jingshi Road, Han Yu Financial Business Center, Jinan, Shandong, covering floors 17-19 and specific rooms on the 16th floor [1] - The second lease is for additional office space in the same building, covering multiple rooms on the 16th floor [1] Group 2: Strategic Importance of New Office - The new office is situated in the Han Yu Jin Gu Center, a key project for ecological protection and high-quality development in the Yellow River Basin, aimed at establishing Jinan as an international financial and technology center [2] - The area has seen over 20 years of development, attracting high-quality enterprises in finance, technology, and related sectors, enhancing the business environment [2] - Moving to the new office is expected to significantly improve the company's working environment, enhance its brand image, and facilitate better collaboration with Zhongtai Securities, thus driving new growth opportunities amid competitive brokerage business conditions [2]