Zhongtai Securities(SH:600918) Zheng Quan Zhi Xing·2025-08-29 18:21Core Viewpoint - The report highlights the financial performance of Zhongtai Securities Co., Ltd. for the first half of 2025, showing significant growth in revenue and profit compared to the previous year. Financial Performance - Total assets at the end of the reporting period amounted to CNY 228.51 billion, an increase of 1.70% from the previous year [1]. - Operating revenue reached CNY 5.26 billion, reflecting a growth of 3.11% year-on-year [1]. - Total profit for the period was CNY 1.00 billion, a substantial increase of 113.14% compared to the same period last year [1]. - Net profit attributable to shareholders was CNY 694.53 million, up by 78.67% from CNY 388.72 million in the previous year [1]. - Basic earnings per share increased to CNY 0.09, representing an 80.00% rise from CNY 0.05 [1]. Shareholder Information - The total number of shareholders at the end of the reporting period was 106,162 [1]. - Major shareholders include Zaozhuang Mining Group Co., Ltd. with a 32.62% stake, Laiwu Steel Group Co., Ltd. with 15.00%, and Shandong Highway Investment Holding Co., Ltd. with 5.32% [2]. Debt Instruments - Zhongtai Securities has issued various bonds, including perpetual subordinated bonds and corporate bonds, with varying interest rates and maturities [4][5][6]. - The company issued a total of CNY 30 million in corporate bonds with an interest rate of 3.79%, maturing in 2026 [4]. Financial Ratios - The debt-to-asset ratio at the end of the reporting period was 68.58%, slightly improved from 69.04% at the end of the previous year [8]. - The EBITDA interest coverage ratio was reported at 2.15, up from 1.57 in the previous year [8].