Zhongtai Securities(SH:600918) 中国基金报·2025-07-17 14:08Core Viewpoint - Zhongtai Securities is providing a guarantee of HKD 350 million for its wholly-owned subsidiary Zhongtai International to enhance its strength and promote overseas business development [2][3]. Group 1: Guarantee Details - The total guarantee amount provided by Zhongtai Securities for Zhongtai International has reached HKD 1 billion, including the recent guarantee [2]. - The guarantee is part of a cooperation agreement signed with China Merchants Bank Jinan Branch, aimed at facilitating overseas bank loans for Zhongtai International [2]. - The guarantee period is set for 12 months [2]. Group 2: Financial Condition of Zhongtai International - As of the first quarter of this year, Zhongtai International reported an operating income of HKD 1.1 billion and a net loss of HKD 48.24 million [3]. - The company has been experiencing continuous losses, with a total operating income of HKD 4.35 billion and a net loss of HKD 5.29 billion in 2024 [3]. - Zhongtai International's total assets amount to HKD 79.29 billion, with total liabilities of HKD 74.91 billion, resulting in a high debt ratio of 94.47% [3]. Group 3: Strategic Outlook - Zhongtai International is focusing on transforming its wealth management business and enhancing financial technology capabilities to expand its customer base [4]. - The company aims to strengthen its investment banking business, particularly in the areas of Hong Kong IPO sponsorship and offshore bond issuance [4]. - In 2024, Zhongtai International ranked 11th in Hong Kong for IPO sponsorship projects, with a total underwriting amount of USD 64 million [4].