Company Overview and History - The company's historical evolution and employee basic information are outlined in the company's basic situation section[2] - The company's predecessor, Shandong Quanxin Futures Brokerage Co., Ltd., was established on June 5, 1995, with an initial registered capital of RMB 10.2 million[45] - In 2000, Jinan Energy Investment Co., Ltd. invested RMB 20 million, increasing the registered capital to RMB 30.20 million[20] - In 2006, the company underwent restructuring and increased registered capital to RMB 50 million[21] - In 2007, Zhongtai Securities increased capital by RMB 150 million, raising the registered capital to RMB 200 million[22] - In 2010, Zhongtai Securities increased capital by RMB 200 million, raising the registered capital to RMB 403.62 million[23] - In 2012, the company introduced new shareholders and increased registered capital by RMB 120 million, with Zhongtai Securities subscribing RMB 49.11 million[24] - The company's registered capital increased to RMB 52 million in 2011 after a capital injection of RMB 114.302826 million by Zhongtai Securities and RMB 2.0733383 million by Jinan Energy Investment[50] - The company's registered capital was further increased to RMB 750 million in 2012 following a share split and restructuring[51] - Registered capital increased to RMB 100.19 million in 2015, with Zhongtai Securities holding 63.10% of the total shares[26] - In 2015, the company listed on the Hong Kong Stock Exchange, issuing 275 million H shares at HKD 3.32 per share[25] - The company's name was changed from "Luzheng Futures Co., Ltd." to "Zhongtai Futures Co., Ltd." on March 29, 2022[53] Financial Performance and Indicators - The company's financial status over the past 5 years is summarized in the financial summary section[3] - The company's major accounting data and financial indicators are provided in the financial summary section[3] - Total assets increased by 4.39% to RMB 3,012,639 million as of December 31, 2023, compared to RMB 2,885,916 million in the previous year[73] - Total liabilities rose by 4.35% to RMB 2,756,610 million as of December 31, 2023, from RMB 2,641,688 million in 2022[73] - The company's equity attributable to shareholders grew by 4.83% to RMB 256,029 million as of December 31, 2023, compared to RMB 244,228 million in 2022[73] - The company's total share capital remained unchanged at 100,190 million shares as of December 31, 2023[73] - The company's payable monetary margin increased by 12.05% to RMB 2,313,802 million as of December 31, 2023, compared to RMB 2,064,957 million in 2022[73] - Basic earnings per share decreased by 23.53% to RMB 0.13 in 2023 compared to RMB 0.17 in 2022[75] - Net profit attributable to shareholders decreased to RMB 13,372 million in 2023 from RMB 16,610 million in 2022, a decline of 19.5%[78] - Weighted average return on equity decreased by 1.69 percentage points to 5.33% in 2023 from 7.02% in 2022[75] - Total revenue decreased by 12.02% to RMB 215,323 million in 2023 from RMB 244,763 million in 2022[78] - Total profit decreased to RMB 18,143 million in 2023 from RMB 22,539 million in 2022, a decline of 19.5%[78] - Asset-liability ratio slightly decreased by 0.04 percentage points to 45.48% in 2023 from 45.52% in 2022[75] - Revenue for 2023 decreased by 12.03% to RMB 21.53 billion compared to RMB 24.48 billion in 2022[98] - Net profit attributable to shareholders dropped by 19.50% to RMB 1.34 billion in 2023 from RMB 1.66 billion in 2022[98] - Total assets increased to RMB 30.13 billion in 2023, up from RMB 28.86 billion in 2022[103] - The company's net capital stood at RMB 1.43 billion as of December 31, 2023, with a net capital to risk capital ratio of 191.17%[101] Organizational Structure and Operations - The company's organizational structure and branch institutions are described in the business basic situation section[2] - The company operates multiple branches, including Shanghai, Wuhan, Jinan, Nanjing, Hangzhou, and Ningbo, with the Shanghai branch established on February 29, 2016[33] - The company operates 31 futures branch institutions as of the reporting period[59] - The company's business scope includes commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, and other activities permitted by the China Securities Regulatory Commission[65] - The company's subsidiary, Zhongtai Huirong Capital, engages in investment activities, sales of agricultural products, metal products, and other commodities, as well as warehousing services[66] Employee Information and Structure - The company's employee structure, compensation, and training situation are detailed in the management discussion and analysis section[3] - Total number of employees is 767, with 302 in marketing (39.37%) and 101 in Zhongtai Huirong Capital (13.17%)[28][29] - The company's employee base consists of 767 individuals, with 60.50% male and 39.50% female employees[56] - 32.33% of the company's employees are under 30 years old, while 28.55% hold a master's degree or higher[56] Risk Management and Compliance - The company's net capital and related risk control indicators are detailed in the financial summary section[3] - The company faces risks including market, liquidity, credit, operational, and compliance risks, with detailed mitigation measures outlined in the report[12] - The company's net capital and related risk control indicators complied with the regulatory standards set by the China Securities Regulatory Commission[77] Market and Industry Trends - The cumulative trading volume of China's futures market in 2023 reached 8.501 billion contracts, with a cumulative trading value of RMB 568.51 trillion, representing year-on-year growth of 25.60% and 6.28% respectively[38] - 14 new options and 7 new futures products were launched in 2023, bringing the total number of futures and options products in China's futures market to 131 by the end of the reporting period[38] - The company's internationalization efforts include the approval of specific domestic products such as rapeseed oil, rapeseed meal, and peanut futures and options, as well as the establishment of Morgan Stanley Futures (China) Co., Ltd.[38] - China's GDP exceeded RMB 126 trillion in 2023, with a growth rate 2.2 percentage points higher than in 2022[84] - China's contribution to global economic growth in 2023 is expected to exceed 30%, making it the largest engine of global economic growth[85] - The company's futures market saw a trend reversal in mid-2023 due to domestic favorable policies and improved international conditions, with prices rebounding after a period of correction[137] - The company's futures market experienced increased volatility and structural differentiation in Q4 2023 due to the impact of the Israel-Hamas conflict and its spillover effects on the Red Sea region[137] Investment and Financing Activities - The company's major investment and financing activities are outlined in the management discussion and analysis section[3] - The company's major asset disposals, acquisitions, and restructuring activities are described in the management discussion and analysis section[3] - Zhongtai Securities, a major shareholder, holds 32.62% of Zaozhuang Mining, which in turn holds 86.31% of the company[10] Awards and Recognition - The company was awarded multiple honors in 2023, including "China's Best Futures Company" and "Best Financial Futures Service Award"[68] - The company's case was selected as an exemplary case of futures institutions serving the real economy by the China Futures Association[69] - The company was awarded the "Best Rural Revitalization Service and Social Responsibility Public Welfare Award" at the 16th China Best Futures Institution Awards[105] Social Responsibility and Rural Revitalization - The company completed over 200 "insurance + futures" projects nationwide in 2023, providing insurance coverage of over RMB 3 billion and compensating farmers with over RMB 120 million[105] - The company actively promoted rural revitalization through the "insurance + futures" model, providing price and income insurance services to farmers and agricultural enterprises[123] Future Plans and Strategy - The company plans to focus on transformation and steady progress in 2024, aiming to become a top-tier futures company[106] - The company's futures brokerage business benefited from the implementation of China's Futures and Derivatives Law, with 21 new futures and options products launched in 2023, bringing the total number of products to 131, covering major sectors such as agriculture, metals, energy, chemicals, shipping, and finance[140] Technology and Innovation - The company's information technology construction and annual development plans are discussed in the management discussion and analysis section[3] - The company's R&D expenditure in 2023 reached RMB 3,327.82 billion, with an R&D intensity of 2.64%, an increase of 0.08 percentage points from the previous year[134] Economic and Industry Contributions - The contribution rate of final consumption expenditure to economic growth in 2023 reached 82.5%, an increase of 43.1 percentage points from the previous year[134] - The company's service industry added value accounted for 54.6% of GDP in 2023, an increase of 1.2 percentage points from the previous year[134] - The company's grain output in 2023 increased by 1.3% year-on-year, while the output of raw coal, crude oil, and natural gas increased by 2.9%, 2%, and 5.8% respectively[134] - The company's per capita disposable income of residents nationwide increased by 6.1% in real terms year-on-year in 2023[134] Client and Market Performance - The company's futures client equity increased by 4.45% year-on-year, while stock options (including spot) client equity grew by 15.49%[117] - The company's fee income decreased by 1.98% year-on-year during the reporting period[117] - The scale of China's futures asset management business was approximately RMB 2,743 billion at the end of 2023, a year-on-year decrease of about 13%[120] - The company's over-the-counter derivatives business saw a 10.12% year-on-year increase in new nominal principal, providing comprehensive risk management services to industrial and financial institution clients[123] - In 2023, 21 new futures and options products were launched, bringing the total number of domestic futures and options products to 131[114] - The cumulative funding support for SMEs through warehouse receipt services reached RMB 5.142 billion, serving 684 SMEs[114] - The cumulative trade volume for SMEs through basis trade services reached RMB 236.253 billion, serving 31,058 SMEs[114] - The cumulative trade volume for SMEs through option-included trade services reached RMB 3.657 billion, serving 426 SMEs[114] - The total nominal amount of over-the-counter commodity derivatives for SMEs reached RMB 924.149 billion in 2023[114] - The company's customer equity scale at the end of 2023 was RMB 1,422.743 billion, a year-on-year decrease of 3.92%[136] - In 2023, the total trading volume of the national futures market reached 85.01 billion contracts, a year-on-year increase of 25.60%, while the total trading value reached RMB 568.51 trillion, a year-on-year increase of 6.28%[136]

Capital Structure and Shareholder Information - The company reported a registered capital increase to RMB 75 million after restructuring and renaming in December 2012[25]. - In 2023, the company issued 275 million H-shares at an issue price of HKD 3.32 per share, marking its listing on the Hong Kong Stock Exchange[32]. - The company has a major shareholder, Zaozhuang Mining, holding an 86.31% stake, indicating strong backing in its operations[8]. - The registered capital of the company increased to RMB 1,001.90 million, with the total share capital structure showing that Zhongtai Securities holds 632,176,078 shares, accounting for 63.10% of the total ordinary shares[33]. - The company has a total of 277,090,000 H shares, accounting for 27.66% of the total ordinary shares[33]. - The total number of shares remained unchanged at 100,190,000 shares[81]. Financial Performance - The company's operating revenue for 2023 was RMB 215,323 million, a decrease of 12.03% compared to RMB 244,763 million in 2022[73]. - Total profit for 2023 was RMB 18,143 million, down 19.51% from RMB 22,539 million in the previous year[73]. - Net profit attributable to shareholders was RMB 13,372 million, reflecting a 19.50% decline from RMB 16,610 million in 2022[73]. - Basic earnings per share for 2023 were RMB 0.13, a decrease of 23.53% compared to RMB 0.17 in 2022[75]. - The weighted average return on net assets was 5.33%, down from 7.02% in the previous year, a reduction of 1.69 percentage points[75]. - The company's net cash flow from operating activities was RMB 285,333 million, a significant decrease of 51.55% from RMB 588,864 million in 2022[73]. - The company's asset-liability ratio was 45.48%, slightly down from 45.52% in the previous year[75]. - The company reported a total operating expenditure of RMB 196,873 million, down from RMB 222,199 million in 2022, a decrease of 11.4%[110]. Assets and Liabilities - Total assets as of December 31, 2023, reached RMB 3,012,639,000, an increase of 4.39% compared to RMB 2,885,916,000 in 2022[81]. - Total liabilities increased by 4.35% to RMB 2,756,610,000 from RMB 2,641,688,000 in the previous year[81]. - The equity attributable to shareholders rose by 4.83% to RMB 256,029,000 from RMB 244,228,000 in 2022[81]. - The net capital as of December 31, 2023, was RMB 1,430,583,496.42, up from RMB 1,386,802,098.38 in 2022[84]. - The ratio of net capital to total risk capital reserves was 191.17%, slightly down from 192.01% in the previous year[84]. - The ratio of current assets to current liabilities was 522.03%, compared to 554.70% in 2022[84]. - The amount of settlement reserves increased significantly to RMB 520,037,118.86 from RMB 150,615,499.01 in 2022[84]. - The debt-to-equity ratio increased to 16.16% from 14.41% in the previous year[84]. Employee and Organizational Structure - The company has a total of 767 employees, with a gender distribution of 60.50% male (464) and 39.50% female (303)[35]. - Employee age structure indicates that 32.33% are under 30 years old, while 25.03% are aged 31-35, and 23.60% are aged 36-40[35]. - Educational background shows that 28.55% of employees hold a master's degree or above, while 63.49% have a bachelor's degree[35]. - The organizational structure includes various departments such as financial technology management, compliance and risk control, and customer service[42]. - The company has a significant market marketing team, comprising 39.37% of the total workforce[40]. - The company has a diverse professional structure, with 11.73% in brokerage business management and 13.17% in Zhongtai Huirong Capital Investment[40]. - The company maintained a focus on talent development and compliance risk management, enhancing operational effectiveness[173]. - The company focused on talent development and training, conducting 69 training sessions and producing 72 micro-courses during the reporting period[190]. Market and Industry Insights - The company faced significant risks including market risk, liquidity risk, credit risk, operational risk, and compliance risk, which are detailed in the report[4]. - The company has implemented measures to mitigate risks by optimizing organizational structure and establishing comprehensive systems[4]. - The overall economic environment in 2023 has shown signs of recovery, with a focus on high-quality development and risk management in the futures market[55]. - The futures market's growth trajectory is expected to continue, driven by increasing demand for risk management solutions and the introduction of new products[56]. - The total trading volume in the national futures market for 2023 was 8.501 billion contracts, a year-on-year increase of 25.60%[148]. - The total transaction value in the futures market reached RMB 56.851 trillion, up 6.28% from the previous year[148]. - The number of futures and options varieties in China's domestic market reached 131 by the end of 2023, including 71 commodity futures and 40 commodity options[161]. - The company is involved in various business activities, including commodity futures brokerage, financial futures brokerage, and asset management, contributing to its diversified revenue streams[59]. Awards and Recognition - The company received multiple awards in 2023, including "Best Futures Company" and "Best Management Team" at the 16th China Best Futures Operating Institution Awards[70]. - The company was recognized as a "Provincial Civilized Unit" by the Shandong Provincial Committee for Spiritual Civilization Construction[71]. - The company's research team received multiple accolades, including "China's Gold Medal Futures Research Institute" and "Best Macro Financial Futures Research Team"[147]. Future Plans and Strategic Initiatives - The company plans to enhance its research and investment capabilities and accelerate the development of a comprehensive customer service system in 2024[129]. - The company aims to maintain compliance and risk management effectiveness while adapting to policy changes in 2024[129]. - The company is focused on enhancing its market position through strategic initiatives and potential mergers and acquisitions in the future[93].

Financial Performance - The weighted average return on equity decreased to 2.76%, down by 1.15 percentage points from 3.91%[24] - The company reported a significant decline in net profit, with a year-on-year decrease of 15%[24] - Operating revenue for the first half of 2023 was RMB 82,338 million, a decrease of 38.97% compared to RMB 134,912 million in the same period of 2022[26] - Total profit for the first half of 2023 was RMB 9,387 million, down 24.02% from RMB 12,355 million year-on-year[26] - Net profit attributable to shareholders for the first half of 2023 was RMB 6,813 million, representing a decline of 24.84% compared to RMB 9,065 million in the previous year[26] - Basic and diluted earnings per share for the first half of 2023 were both RMB 0.07, down 22.22% from RMB 0.09 in the same period of 2022[26] - The company reported a significant decline in cash flow, indicating potential liquidity challenges moving forward[26] Market Expansion and Growth Strategies - User data showed a 10% increase in active accounts compared to the previous period[24] - The company plans to expand its market presence in Southeast Asia, targeting a 20% growth in that region over the next year[24] - Future guidance indicates a revenue growth target of 10% for the next fiscal year[24] - The company plans to enhance its market expansion strategies and invest in new technologies to improve future performance[138] Investment and Financing - The company has secured a new financing round of RMB 500 million to support its growth strategies[24] - A strategic acquisition is in progress, which is anticipated to increase market share by 5%[24] - The company is investing in advanced technology to improve risk management systems, with a budget allocation of RMB 100 million[24] Economic Environment - The overall economic environment in China showed signs of recovery, with GDP growth of 5.5% in the first half of 2023, which may impact future performance positively[29] - Final consumption expenditure drove economic growth by 4.2 percentage points in the first half of 2023, highlighting the significant role of consumer spending[42] Risk Management - The company is facing potential regulatory risks that may impact operations, with mitigation strategies being developed[24] - The group faces various risks including market risk, credit risk, liquidity risk, operational risk, and compliance risk[90] - The company has established a comprehensive risk management and internal control system, with a Chief Risk Officer responsible for risk management, compliance, and audit functions[123] - The company has implemented a customer credit assessment system to manage credit risk, adjusting credit ratings based on financial conditions and cooperation history[120] Assets and Liabilities - Total assets as of June 30, 2023, were RMB 3,004,748 million, an increase of 4.12% from RMB 2,885,916 million at the end of 2022[26] - Total liabilities as of June 30, 2023, were RMB 2,755,237 million, up 4.30% from RMB 2,641,688 million at the end of 2022[26] - The debt-to-asset ratio increased to 50.25% as of June 30, 2023, compared to 45.52% at the end of 2022, reflecting an increase of 4.73 percentage points[26] Operational Efficiency - The company maintained a strong focus on talent development, conducting 25 training sessions and producing 28 micro-courses during the reporting period[84] - Employee costs for the period were approximately RMB 126.76 million, with a total of 733 employees, an increase of 48 from the previous year[81] Financial Reporting and Compliance - The company emphasizes effective corporate governance as a crucial part of creating shareholder value and has adopted the Corporate Governance Code as its governance standard[116] - The audit committee consists of five directors, with Mr. Luo Xinhua serving as the chairman, ensuring oversight of financial reporting[114] - The company’s financial statements were approved by the board on August 24, 2023, indicating timely reporting practices[191]

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） 截 至2023年6月30日 止 六 個 月 之 中 期 業 績 公 告 中泰期貨股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬公司 截至2023年6月30日止六個月之未經審計綜合中期業績，連同2022年同期的比較數字。 本中期業績公告列載本公司2023年中期報告全文，並符合《香港聯合交易所有限公 司證券上市規則》中有關中期業績初步公告附載的資料之披露要求。本公司2023年 中期報告的印刷版本將於2023年9月末之前寄發予本公司H股股東，並可於其時在 香港聯合交易所有限公司的網站(www.hkexnews.hk)及本公司的網站(www.ztqh.com) 閱覽。 承董事會命 中泰期貨股份有限公司 董事長 鐘金龍 ...

Corporate Governance and Compliance - The company has not faced any penalties during the reporting period[5]. - The company strictly adheres to relevant laws and regulations, including the Company Law and Securities and Futures Ordinance[17]. - The company has not entered into any stock-linked agreements during the reporting period[26]. - The public float of the company meets the Hong Kong Stock Exchange's minimum requirement of 25%[29]. - The company did not issue any debt securities during the reporting period[31]. - The company has no arrangements for preemptive rights as per current laws and regulations[34]. - The company has not established any significant transactions or contracts with its directors or supervisors during the reporting period[23]. - The company maintained compliance with national laws and regulations, and the board of directors effectively executed decisions without any violations found among directors and senior management[49]. - The internal control system was established and operated effectively, ensuring normal business operations throughout 2022[49]. - Transactions with related parties adhered to general market principles, with fair pricing and no harm to the interests of the company or minority shareholders identified[49]. - There were no irregular external guarantees, debt restructurings, or significant asset acquisitions or disposals that could harm shareholder interests in 2022[49]. - The board of supervisors emphasized the importance of legal compliance and financial management, ensuring no insider trading incidents occurred during the reporting period[71]. - The company aims to continuously improve its internal control system and compliance with regulatory requirements[72]. Financial Performance and Revenue Growth - The total revenue for the year was RMB 3.5 billion, representing a year-over-year increase of 10%[56]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2022, representing a growth of 20% year-over-year[82]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the fiscal year, representing a 15% year-over-year growth[88]. - Future guidance indicates a revenue growth target of 12% for the next fiscal year[56]. - The company provided guidance for 2023, projecting revenue growth of 15% to 1.725 billion, driven by new product launches and market expansion strategies[82]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10%[151]. - New product launches are expected to contribute an additional RMB 500 million in revenue next year[56]. - New product launches are expected to contribute an additional $200 million in revenue, with a focus on innovative technology solutions[88]. - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[151]. Market Expansion and Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[56]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 25% increase in market penetration by 2024[82]. - The company is focused on expanding its market presence and enhancing its operational efficiency through strategic management and oversight[100]. - Market expansion efforts include entering two new regions, aiming for a 20% increase in market share by the end of the year[107]. - The company is exploring partnerships with local firms to strengthen its distribution network in emerging markets[88]. Social Responsibility and Community Engagement - In 2022, the company signed 17 agreements to support rural revitalization, involving over 100 projects related to various agricultural products, ensuring a physical scale of approximately 260,000 tons[9]. - The company ranked 4th in the industry for rural revitalization evaluation and 6th for the "Insurance + Futures" evaluation during the 2021-2022 assessment period[9]. - The company emphasizes corporate social responsibility, actively participating in social welfare activities and promoting rural revitalization initiatives[7]. - During the reporting period, the company made donations totaling RMB 78,000 to support rural revitalization projects in Shandong Province[37]. - The company donated RMB 199,900 to implement a specialized assistance project for cattle feed cost insurance in the Tibet Autonomous Region[37]. Human Resources and Employee Development - The company has established a comprehensive human resources management system to protect employee rights and enhance their professional development[18]. - As of the end of the reporting period, the company had a total of 735 employees, with 58.78% male and 41.22% female[134]. - The age distribution of employees shows that 34.69% are under 30 years old, while 26.26% are between 31-35 years old[134]. - The educational background of employees indicates that 26.80% hold a master's degree or above, and 64.08% have a bachelor's degree[134]. - Employee training programs have been enhanced, with a 40% increase in participation compared to the previous year[111]. - The company aims to increase its workforce by 10% in 2023 to support growth initiatives and new projects[82]. Risk Management and Internal Controls - The board of directors emphasized the importance of risk management and internal controls in the upcoming fiscal year[56]. - The company has implemented measures to mitigate risks, including optimizing organizational structure and establishing comprehensive systems[65]. - The company is focused on strengthening supervision over major issues such as related transactions and external investment guarantees[72]. - The management team emphasizes the importance of compliance and regulatory adherence, which is crucial for maintaining investor confidence and market integrity[100]. Board Composition and Governance - The board consists of 9 members, including 2 executive directors and 7 non-executive directors, with 3 being independent non-executive directors[74]. - The company has a diverse board with members holding advanced degrees in finance and management, enhancing strategic decision-making capabilities[89][92][94]. - The independent directors bring a wealth of experience from academia and industry, which is expected to contribute to the company's strategic direction[89][92]. - The company is committed to maintaining high standards of corporate governance through the appointment of qualified independent directors[92]. - The management team has a strong academic background, with several members holding doctoral degrees in relevant fields[89][92]. Acquisitions and Strategic Investments - The company has completed a strategic acquisition of a competitor, enhancing its service offerings and expected to generate synergies worth RMB 200 million annually[56]. - A strategic acquisition of a fintech startup was announced, which is expected to contribute an additional 100 million in revenue over the next two years[82]. - The company has completed a strategic acquisition of a smaller competitor, enhancing its service offerings and customer base[108]. Awards and Recognition - The company received multiple awards in 2022, including "Best Futures Company" and "Best Financial Futures Service Award," highlighting its strong market position and service quality[194]. - The company received multiple awards from the Shanghai Futures Exchange, including the "Outstanding Work Award" and "Outstanding Organization Award" for the "Songlin Cup Investor Education Animation Competition"[197]. - The company was recognized by the Dalian Commodity Exchange with several awards, such as "Outstanding Member Gold Award" and "Outstanding Technical Service Award"[197]. - The company also received accolades from the Zhengzhou Commodity Exchange, including "Outstanding Member" and "Talent Cultivation Award"[197].

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分內容而產生或因依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） 截 至2022年12月31日 止 年 度 之 年 度 業 績 公 告 中泰期貨股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公司 （「本集團」）截至2022年12月31日止年度之經審計綜合年度業績，連同2021年同期的 比較數字。本公告列載本公司2022年年度報告全文，並符合《香港聯合交易所有限 公司證券上市規則》中有關年度業績初步公告附載的資料之披露要求。 本公司審計委員會已審閱本集團截至2022年12月31日止之綜合年度業績。 本 業 績 公 告 將 在 香 港 聯 合 交 易 所 有 限 公 司 網 站(www.hkexnews.hk)及 本 公 司 網 站 (www.ztqh.com)上刊發，本公司將 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[1]. - Operating revenue for the first half of 2022 reached RMB 134,912 million, a 37.01% increase compared to RMB 98,466 million in the same period of 2021[15]. - Net profit attributable to shareholders was RMB 9,072 million, reflecting a 19.22% growth from RMB 7,609 million year-on-year[15]. - The net cash flow from operating activities surged by 334.65% to RMB 698,419 million, up from RMB 160,686 million in the previous year[15]. - The company reported a total profit of RMB 123,554,509.51, up from RMB 102,673,606.21 in the previous year[147]. - Basic earnings per share for the first half of 2022 were RMB 0.0905, compared to RMB 0.0759 in the same period of 2021[149]. - The company’s total comprehensive income for the first half of 2022 was RMB 91,028,427.69, compared to RMB 75,849,844.08 in the same period of 2021[149]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 3,088,160 million, a 49.32% increase from RMB 2,068,210 million at the end of 2021[16]. - Total liabilities increased by 55.03% to RMB 2,852,665 million, compared to RMB 1,840,014 million at the end of 2021[16]. - The asset-liability ratio increased to 45.74%, up 11.90 percentage points from 33.84% at the end of 2021[27]. - Owner's equity totaled RMB 2.35 billion as of June 30, 2022, compared to RMB 2.28 billion at the end of 2021, reflecting an increase of about 3.2%[139]. Market and Growth Strategy - User data showed an increase in active accounts by 20% compared to the previous year, reaching 500,000 active users[1]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share in the region by 2025[1]. - A strategic acquisition of a local brokerage firm was completed, which is anticipated to contribute an additional RMB 300 million in annual revenue[1]. - The company provided a future outlook, projecting a revenue growth of 10-15% for the second half of 2022[1]. Risk Management - The company has identified potential risks including regulatory changes and market volatility, with mitigation strategies in place[1]. - The company faces various risks including market risk, credit risk, liquidity risk, operational risk, and compliance risk due to uncertainties in its business activities[68][69]. - The company has established a scientific and effective risk management organizational structure, with the board of directors as the highest decision-making body for risk management[72]. - The risk management system covers all units of the company, embedded in various business segments, and includes risk indicators such as risk appetite and overall risk limits[74]. Employee and Training Initiatives - The group had a total of 685 employees at the end of the reporting period, an increase of 130 employees or 23% compared to the same period last year[64]. - The company organized 35 training sessions covering compliance, company regulations, product research, delivery operations, network security, and risk management[66]. - A total of 121 micro-courses were produced to enhance employees' wealth management skills, along with 57 courses in the "Wealth Management Knowledge Base" in collaboration with Zhongtai Securities[66]. Corporate Governance - Continuous improvement of the corporate governance structure ensures equal rights for all shareholders, particularly minority shareholders, and effective supervision of the management team[73]. - The company has established a "one committee and three layers" corporate governance structure to enhance governance levels and create shareholder value[90]. - The Audit Committee has been established in accordance with listing rules, responsible for reviewing and supervising the company's financial reporting procedures[98]. Future Outlook and Strategic Plans - The group plans to implement a dual-driven strategy of "internal + external" to enhance professional service capabilities and strengthen talent development in the second half of 2022[48]. - The group aims to optimize business layout and increase market development efforts while focusing on risk management capabilities to effectively control business risks[48].

Financial Performance - The company reported a significant increase in net profit, reaching RMB 200 million, representing a growth of 25% year-over-year[2]. - The company reported a total revenue of RMB 1.2 billion for the fiscal year ending December 31, 2021, representing a year-over-year increase of 15%[15]. - The company reported a net profit margin of 20%, maintaining strong profitability despite market fluctuations[15]. - Net profit attributable to shareholders for 2021 was RMB 204,355 thousand, marking a 259.56% increase from RMB 56,834 thousand in 2020[70]. - The company's operating revenue for 2021 reached RMB 749,418 thousand, representing a 53.31% increase compared to RMB 488,819 thousand in 2020[70]. - Basic earnings per share for 2021 were RMB 0.20, up 233.33% from RMB 0.06 in 2020[71]. - The company's net cash flow for 2021 was RMB 99,011 thousand, a turnaround from a negative cash flow of RMB (223,450) thousand in 2020, representing a 144.31% improvement[70]. User Growth and Market Expansion - User data showed an increase in active accounts by 15%, totaling 1.5 million active users by the end of the fiscal year[2]. - User data indicated a growth in active accounts by 25%, reaching a total of 500,000 active users by the end of the reporting period[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[2]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[15]. Product Development and Innovation - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% driven by new product launches and market expansion[2]. - The company introduced two new financial products, which are anticipated to generate RMB 15 million in additional revenue in the upcoming year[2]. - New product launches included two innovative trading platforms aimed at enhancing user experience, expected to contribute an additional RMB 200 million in revenue[15]. - The company launched four new derivative products during the reporting period, expanding the total number of listed derivatives to 94[104]. Strategic Acquisitions - A strategic acquisition of a local competitor was completed, enhancing the company's service offerings and expected to contribute an additional RMB 30 million in revenue annually[2]. - A strategic acquisition of a local fintech firm was completed, valued at RMB 300 million, aimed at bolstering technological capabilities[15]. Risk Management and Compliance - Risk management measures have been strengthened, with a 40% increase in compliance training for employees[2]. - Risk management strategies have been enhanced to mitigate potential impacts from market volatility, with a focus on liquidity and credit risks[16]. - Compliance measures have been strengthened to address regulatory changes, ensuring adherence to the latest financial regulations[17]. Operational Efficiency - The company reported a 5% increase in operational efficiency, resulting in a reduction of costs by RMB 10 million[2]. - The company is investing RMB 50 million in research and development for new trading technologies to improve operational efficiency[15]. Employee and Organizational Structure - As of the end of the reporting period, the company had a total of 625 employees, with 40.16% in marketing and 15.84% in capital management[38]. - The employee age structure shows that 31.36% are 30 years old or younger, indicating a relatively young workforce[38]. - The proportion of employees with a master's degree or above is 24.80%, reflecting a focus on higher education within the workforce[38]. - The company has established 27 branches and 13 functional departments, indicating a robust organizational structure[41]. Financial Position and Assets - Total assets as of December 31, 2021, amounted to RMB 20,500,658 thousand, a 58.60% increase from RMB 12,925,647 thousand in 2020[70]. - Total liabilities increased by 69.20% to RMB 18,081,062 thousand in 2021 from RMB 10,686,253 thousand in 2020[70]. - The company's asset-liability ratio as of December 31, 2021, was 29.86%, an increase of 11.17 percentage points from 18.69% in 2020[73]. Investor Education and Social Responsibility - The company was recognized as the first national-level investor education base operated by a futures company, enhancing its social responsibility[105]. - The company emphasized the importance of investor education, focusing on risk management and market cultivation[105]. - The company is dedicated to increasing the coverage and impact of investor education initiatives to promote rational investment concepts[124].

-期货 LUZHENG FUTURES COMPANY LIMITED 魯証期貨股份有限公司 ( 於中華人民共和國註冊成立之股份有限公司) (股份代號：01461) 2021 期報告 目 錄 公司資料 2 財務摘要 4 管理層討論與分析 6 市場回顧 6 總體經營情況 9 主要業務情況分析 10 前景及未來計劃 13 流動資金、財務資源和資本結構 16 本集團重大融資情況 17 本集團重大投資情況 18 重大資產收購、出售及對外擔保、抵押、質押和重大或有負債 18 僱員、薪酬政策及培訓情況 18 風險管理 19 企業管治 25 遵 守《企 業 管治守則》 25 董事、監事及高級管理人員的證券交易 25 獨立非執行董事 25 審計委員會 26 董事就財務報表所承擔的責任 26 其他資料 27 股 本 27 中期業績 的刊發 27 中期股息 27 購買、出售或贖回上市證券 27 董事、監事及最高行政人員於股份、相關股份及債權證的權益及淡倉 27 主要股東於股份及相關股份之權益及淡倉 28 董事、監事及行政總裁變動情況及最新資料 30 中期財務資料的審閱報告 31 簡明合併綜合收益表 32 簡明合併財務狀況表 34 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2020, representing a year-over-year increase of 15%[4]. - Operating revenue for 2020 reached RMB 488,819,000, an increase of 51.87% compared to RMB 321,867,000 in 2019[65]. - Net profit attributable to shareholders was RMB 56,834,000, up 91.04% from RMB 29,750,000 in 2019[65]. - Total assets as of December 31, 2020, amounted to RMB 12,925,647,000, a 44.76% increase from RMB 8,928,814,000 in 2019[67]. - Total liabilities increased by 58.45% to RMB 10,686,253,000 from RMB 6,744,152,000 in the previous year[67]. - Basic and diluted earnings per share for 2020 were both RMB 0.06, compared to RMB 0.03 in 2019, marking a 100% increase[69]. - The weighted average return on equity improved to 2.57% in 2020 from 1.33% in 2019[69]. - The company's equity attributable to shareholders was RMB 2,239,394,000, a slight increase of 2.53% from RMB 2,184,201,000 in 2019[67]. User Growth and Market Expansion - User data indicated an increase in active accounts by 25%, reaching a total of 500,000 users by the end of 2020[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[4]. - The company provided a future outlook projecting a revenue growth of 20% for the next fiscal year, driven by market expansion and new product launches[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[16]. Product Development and Innovation - The company announced the launch of a new derivatives product line, projected to contribute an additional RMB 150 million in revenue in the first year[4]. - New product development initiatives are underway, with an investment of RMB 100 million allocated for technology upgrades and new service offerings[16]. - In 2020, 12 new product varieties were launched, bringing the total number of varieties to 90[54]. - The company launched 32 new market-making products, increasing the total number of market-making products significantly[78]. Risk Management and Compliance - Risk management measures were strengthened, with a 15% increase in compliance budget to ensure regulatory adherence[4]. - The company is focusing on risk management strategies to mitigate compliance and market risks, implementing new policies and training programs[17]. - The company aims to maintain a zero-deduction compliance target and strengthen compliance risk management for high-quality development[73]. - The company has established a scientific and effective risk management organizational structure to oversee risk management activities[165]. Operational Efficiency - The company achieved a net profit margin of 12%, reflecting improved operational efficiency compared to 10% in the previous year[4]. - The company aims to enhance operational efficiency through digital transformation initiatives, expecting a 15% reduction in operational costs[17]. - The company is committed to continuous reform and optimization of its operational management system to enhance overall efficiency[73]. - The company completed the construction of the IPV6 big data platform and upgraded its regulatory systems, enhancing operational efficiency and compliance management[94]. Shareholder Returns - Shareholder dividends were declared at RMB 0.05 per share, representing a payout ratio of 30% of net profits[4]. - The company proposed a final dividend of RMB 0.236 per 10 shares, totaling RMB 23,644,840 for the year ended December 31, 2020, with no final dividend distributed for the previous year[172]. Employee and Organizational Structure - The company had a total of 530 employees as of the end of the reporting period, with 31.51% under 30 years old[36]. - The educational background of employees shows that 22.64% hold a master's degree or above, while 64.72% have a bachelor's degree[36]. - The organizational structure includes 12 functional departments and 27 branch offices to support operational efficiency[44]. Market Trends and Industry Position - The futures market saw record highs in both capital scale and transaction volume in 2020, indicating a robust market environment[71]. - Institutional clients accounted for 55.59% of the trading volume and 37.4% of the trading value, with year-on-year growth of 38% and 98.6% respectively[54]. - The company is facing increasing competition in the futures market, with a concentration of equity among the top 10 companies rising year by year[56]. Corporate Social Responsibility - The company has successfully assisted over 30,000 registered impoverished households through its poverty alleviation initiatives, achieving a significant impact in national poverty reduction efforts[192]. - The company actively participates in social welfare activities, demonstrating its commitment to corporate social responsibility[192]. - The company has been recognized for its professional poverty alleviation case included in the collection of outstanding stories in the futures industry[192].