2024 年度報告 目 錄 中泰期貨股份有限公司 2024年度報告 | 第一章釋義 | | 2 | | --- | --- | --- | | 第二章風險提示 | | 5 | | 第三章公司基本情況 | | 6 | | 一、 | 概 況 | 6 | | 二、 | 歷史沿革 | 9 | | 三、 | 員工基本情況 | 11 | | 四、 | 組織機構和分支機構基本情況 | 12 | | 五、 | 業務基本情況 | 17 | | 六、 | 附屬公司基本情況 | 17 | | 七、 | 報告期內所獲榮譽 | 19 | | 第四章財務概要 | | 20 | | 一、 | 本集團主要會計數據 | 20 | | 二、 | 本集團主要財務指標 | 21 | | 三、 | 本公司淨資本及相關風險控制指標 | 21 | | 四、 | 本集團近5年財務狀況 | 22 | | | 第五章董事長致辭 | 24 | | | 第六章管理層討論與分析 | 26 | | 一、 | 報告期內經濟環境與期貨市場狀況 | 26 | | 二、 | 對本集團經營舉措、業績的討論與分析 | 30 | | 三、 | 信息技術建設 | 33 | | 四、 ...

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2024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2024年12月31日止年度之經審計綜合年度業績，連同2023年同期的 比 較 數 字。本 公 告 列 載 本 公 司2024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2024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 ...

官 FUTURES 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) 中 前 目 錄 釋 義 2 公司資料 4 財務概要 6 管理層討論與分析 8 一、 報告期內經濟環境 8 二、 報告期內期貨市場狀況 10 三、 總體經營情況 12 四、 主要業務情況分析 13 五、 信息技術建設 15 六、 下半年發展計劃 16 七、 流 動資金、財務資源和資本結構 16 八、 本集團重大融資情況 17 九、 本集團重大投資情況 17 十、 重大資產收購、出售及對外擔保、抵押、質押和 重大或有負債 17 十一、 僱員、薪酬政策及培訓情況 18 十二、 可能面臨的風險、不確定性及應對措施 19 企業管治報告 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 報告期後重大事項 27 股 本 27 中期業績的刊發 27 中期股息 27 購 入、出售或贖回上市證券 27 | --- | --- ...

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2024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 （「本集團」）截 至2024年6月30日 止 六個月 之 未 經審計綜合 中 期 業 績，連同2023年 同 期的比較數字。本 業 績 公告列載本公司2024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。 本公司審計委員會已審閱本集團截至2024年6月30日止六個月 之 未經審計 綜 合 中 期 業績。 本業績公 告 在香港聯合交易所有限公司網站(www.hkexnew ...

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]

（六）授權代表 鐘金龍先生 中國山東省濟南市歷下區明湖小區東區二區13號 樓1單 元602號 梁中偉先生 中國山東省濟南市歷下區燕子山小區西區14號 樓1單 元301號 梁中偉先生 魏偉峰博士 （八）核數師 香港法律顧問：高偉紳律師行 香港中環康樂廣場一號怡和大廈27樓 中國法律顧問：北京市嘉源律師事務所 中國北京市西城區復興門內大街158號遠洋大廈F408 （五）董事會 | --- | --- | |------------------|-----------------------| | | | | | | | | | | 執行董事註 1 ： | 鐘金龍先生 （董事長） | | | 劉慶斌先生 | | | 梁中偉先生 | | 非執行董事註2： | 鄭韓胤先生 | | | 明鋼先生 | | | 劉峰先生 | | 獨立非執行董事： | 鄭堅平先生 | | | 陳華先生 羅新華先生 | 註1：劉慶斌先生於2024年2月22日獲委任為本公司執行董事。 註2：胡開南先生於2024年2月22日辭任本公司非執行董事。 本 公 司 已 在 本 報 告 第 六 章「十、可 能 面 臨 的 風 險、不 確 定 性 及 應 對 ...

官 阅读 FUTURES ZHONGTAI FUTURES Company Limited 中泰期貨股份有限公司 ( 前稱為魯証期貨股份有限公司 ) ( 在中華人民共和國註冊成立的股份有限公司 ) (股份代號：01461) l 釋 義 2 公司資料 4 財務概要 6 管理層討論與分析 8 一、 報告期內經濟環境 8 二、 報告期內期貨市場狀況 10 三、 總體經營情況 11 四、 主要業務情況分析 12 五、 信息技術建設 14 六、 下半年發展計劃 15 七、 流 動資金、財務資源和資本結構 15 八、 本集團重大融資情況 16 九、 本集團重大投資情況 16 十、 重大資產收購、出售及對外擔保、抵押、質押和 重大或有負債 17 十一、 僱員、薪酬政策及培訓情況 17 十二、 可能面臨的風險、不確定性及應對措施 18 企業管治報告 24 遵 守《企 業 管 治 守 則》 24 董事、監事及高級管理人員的證券交易 24 獨立非執行董事 24 審計委員會 25 董事就財務報表所承擔的責任 25 其他資料 26 報告期後重大事項 26 股 本 26 中期業績的刊發 26 中期股息 26 購 入、出售或贖回上市證券 ...

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 ...

59 中泰期貨股份有限公司 董事會報告 註： (1) 山 東 能 源 集 團 有 限 公 司 透 過 其 全 資 子 公 司 新 汶 礦 業 集 團 有 限 責 任 公 司 及 棗 莊 礦 業（集 團）有 限 責 任 公 司 間 接 合 共 持有中泰證券股份有限公司36.09%權 益，因 此，就《證 券 及 期 貨 條 例》第XV部而言，山東能源集團有限公司被視為 於中泰證券股份有限公司持有的本公司632,176,078股（好 倉）內 資 股 股 份 中 擁 有 權 益。 (2) CM International Capital Limited直接持有本公司18,211,000股（好 倉）H股。根 據China Minsheng Investment Group Corp., Ltd.（中 國 民 生 投 資 股 份 有 限 公 司）於2018年10月4日 呈 交 予 香 港 聯 交 所 的 披 露 權 益 表 格 資 料 顯 示，CMIG International Capital Limited（中 民 投 國 際 資 本 有 限 公 司）持 有CM International Capital Limit ...

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 ...