Investment Banking and Brokerage

ZHONGTAI SECURITIES

ZHONGTAI SECURITIES released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 3.096 B, actual EPS CNY 0.05

ZHONGTAI SECURITIES to Release FY2026 Q1 Earnings on April 30 Pre-Market BJT

ZHONGTAI SECURITIES released FY2025 Q4 earnings on March 31 After-Market (BJT), actual revenue CNY 2.444 B, actual EPS CNY 0.015

ZHONGTAI SECURITIES released FY2025 earnings on March 31 After-Market (BJT), actual revenue CNY 11.38 B (forecast CNY 12.41 B), actual EPS CNY 0.18 (forecast CNY 0.2)

ZHONGTAI SECURITIES to Release FY2025 Earnings on March 31 After-Market (BJT), Forecast Revenue CNY 12.41 B, EPS CNY 0.2

ZHONGTAI SECURITIES released FY2025 9-month earnings on October 30 After-Market BJT, actual revenue CNY 8.94 B, actual EPS CNY 0.1731

ZHONGTAI SECURITIES released FY2025 Q3 earnings on October 30 After-Market (BJT), actual revenue CNY 3.749 B, actual EPS CNY 0.0825

ZHONGTAI SECURITIES to Release FY2025 Q3 Earnings on October 31 After-Market (BJT)

ZHONGTAI SECURITIES released FY2025 Semi-Annual Earnings on August 29 During-Market (BJT), actual revenue CNY 5.129 B, actual EPS CNY 0.09

ZHONGTAI SECURITIES released FY2025 Q2 earnings on August 29 During-Market BJT, actual revenue CNY 2.714 B, actual EPS CNY 0.0406

ZHONGTAI SECURITIES to Release FY2025 Semi-Annual Earnings on August 30, 2025 (BJT)

Zhongtai Securities Initiates the Third Tranche of Bond Issuance for 2025

SinoTai Securities Equity Auction Suspended

Securities Firms Accelerate Cross-border Business Expansion

United Entrepreneur Group to Auction Zhongtai Securities Shares

Securities Firms' Half-Yearly Earnings Outlook Positive

Deng Tian Analyzes Market, Active Funds Expected to Return

Zhongtai Securities Expects 80.09% Net Profit Growth for the First Half of 2025

Zhongtai Securities Extends Resolution Validity Period for 定向 Issuance of A-Share Stocks

Li Xunlei Suggests Researching Renminbi Stablecoin Legislation

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ZHONGTAIFUTURES announced its full-year results for the year ending December last year, with operating revenue of RMB 694 million, an increase of 6.9% year-on-year. Net profit was RMB 85.5395 million, an increase of 1788.4% year-on-year; earnings per share were 8.54 cents. A final dividend of 0.68 cents was declared

AASTOCKS

ZHONGTAIFUTURES

In the "Performance" report, ZHONGTAIFUTURES' net profit last year was 85.54 million RMB, an increase of over 17.8 times, with a final dividend of 0.68 RMB per share

Zhongtai Securities General Manager Feng Yidong suggested improving the accountability mechanism for financial fraud in listed companies during the National Two Sessions, emphasizing the strengthening of investor protection. He proposed three suggestions: first, to increase the penalties for financial fraud by major shareholders and responsible persons of listed companies, tracing back to the relevant responsible persons, referencing the punishment standards for public officials' corruption and bribery, especially for serious cases, imposing punitive fines and pursuing criminal responsibility

Wallstreetcn

Zhongtai Securities General Manager Feng Yidong: Suggests that those responsible for financial fraud should repurchase investors' stocks at the price before the incident occurred

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The U.S. non-farm payroll data for January exceeded expectations, but analysts expressed concerns about the sustainability of the data. Galaxy Securities pointed out that the new jobs are highly concentrated in a few industries such as healthcare, and there has been no improvement in structural characteristics. HTSC believes that the Federal Reserve will pause interest rate cuts before June; although the risks in the labor market have eased, the sustainability of data improvement still needs to be verified. Market expectations for interest rate cuts in 2026 have narrowed, and analysts believe that the January data has not materially changed the policy path

- January's non-farm employment data in the U.S. exceeded expectations, yet analysts express concerns about the labor market's underlying recovery.  
- Job growth was concentrated in a few sectors, including healthcare, and the overall sustainability of improvements remains uncertain, with significant revisions to previous employment data.  
- While the jobless rate fell to 4.3%, indicating stronger labor utilization, many institutions believe the Federal Reserve will not cut rates until after June, pending further economic indicators.

Guotai CSI All Share Investment Banking & Brokerage ETF

HTSC

Yinhua CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

SDHT

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

What doubts lie behind the unexpectedly strong January non-farm payrolls?

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As of February 6, 685 listed companies have received brokerage research teams this year. Leading brokerages, leveraging the advantages of their research teams, have become the "main force" in the research market, with CITIC Securities ranking first with 213 research visits; Changjiang Securities, Guotai Haitong, and CICC also exceeded 150 visits each; 12 brokerages including Guosen Securities, Huatai Securities, Western Securities, GF SEC, and CSC have all conducted over 100 research visits

Guotai Haitong

Sealand Securities

GF SEC

CICC

GTHT

CITIC Securities Co., Ltd.

GF SECURITIES

Changjiang Securities

SINOLINK SECURITIES

GUOTAI JUNAN I

GUOSEN SECURITIES

Western Securities

CITIC SEC

CAITONG SECURITIES

Huaan Securities

Since the beginning of the year, securities firms have "visited" a total of 685 A-share companies

Wealth, asset management, and trading three major businesses performed excellently

"Investment business" shines again? ZHONGTAI SECURITIES expects a net profit increase of 40% to 60% last year

36Kr learned that a research report from ZHONGTAI SECURITIES pointed out that the decline in credit growth is a reasonable phenomenon, reflecting changes in the structure of China's financial supply side. 1. Compared to bank loans, total indicators such as social financing scale and money supply are more comprehensive and reasonable; to observe the overall financial situation, one should pay more attention to social financing scale and money supply indicators. 2. The decline in credit growth is a reasonable phenomenon, reflecting changes in the structure of China's financial supply side

36Kr

ZHONGTAI SECURITIES: The decline in credit growth rate is a reasonable phenomenon

ZHONGTAI SECURITIES announced that the revenue for the third quarter was 3.748 billion yuan, a year-on-year increase of 61.18%; the net profit was 589 million yuan, a year-on-year increase of 480.78%. The revenue for the first three quarters was 9.005 billion yuan, a year-on-year increase of 21.30%; the net profit was 1.3 billion yuan, a year-on-year increase of 158.63%

Zhitong

ZHONGTAI SECURITIES: The net profit for the third quarter was 589 million yuan, a year-on-year increase of 480.78%

ZHONGTAI SECURITIES(600918.SH)