中泰期货2025 中期报告

ZHONGTAI FUTURES Company Limited中泰期貨股份有限公司 (股份代號：01461)（在中華人民共和國註冊成立的股份有限公司） 中 期 報 告2 0 2 5 246881012131516161717171819252525252626272727272727283031323436384042444648 ZHONGTAI FUTURES Company Limited 11201 861516250001 141301 861516250001 131 8A9 12 27 158F408 120256132025613 22025225 76 H 183171712–1716 320 01461 22 +86-531-81678006+86-531-81916777www.ztqh.cominvestors@zts.com.cn 249 11 2025630311502025630 2025GDP5.3%5.4%5.2%20250.3GDP5%20255.0%-5.4%2025CPI0.1%60.1%6CPI0.7%3.2 20259.5%2024GDP18% 20252025GDP68.8%52%5.1%4.9%20256M28.3% 20251-640.76339.7317.82%20.68% 2025PTAPTA1,837.92.49%14.9428.29%1000300500 2025610148 2025QFIIRQFII4520242025630QFIIRQFII91 41,49283,32050.20%202411152025113,258595,414.73%20252024 335.372024337.570.65%309.542024312.060.81%25.84202425.511.26%38.25%202441.87%3.62 299.640.49%2.0487.24%19.8895.10% 2025308.48% 584.32419 + 2025 APPZHONGTECH3.0 2025 25.8410.0196.627.66202425.511.26% 41.84202443.894.68%32.41%22.31%33.47%1.50% 38.25%20243.621.6220241.725.87%2025630309.54293.5416.009.311.730.950.700.22 D2324A 74015,134.452690%4077%23% 2730 1.2.3.4.5. 1. (1) (2) (3) (4) 2. (1) (2) (3) (4) (5) 3.10 20258 2920256 3020252025630 2025630 1,001,900,0001,001,900,000724,810,000277,090,000H1.00 20256302025829www.hkexnews.hkwww.ztqh.com 2025630 352XVXV XV23336 1.36.09%XV632,176,078 2.CM International Capital Limited18,211,000HChina Minsheng InvestmentGroup Corp.,Ltd201810 4CMIGInternational Capital LimitedCM International Capital Limited100%China Minsheng Investment Group Corp.,LtdCM IFinancial HoldingCorporationChina Minsheng Investment Group Corp.,LtdCMIGInternational Capital Limited31.5%68.5%XVChina Minsheng Investment GroupCorp.,LtdCMI Financial Holding CorporationCM IG International Capital LimitedCM International Capital Limited18,211,000H XV23336 13.51B 1.202522520252025225 2.2025227202522720252273.20256132024202561320256134.202561320256135.2025336.20254227.20254278.2025613 XYZH/2025JNAA1B0330 202563020251-6 2101 202563020251-6 2025112025630 199561,02019971020005200462,000623,082 200612315,000200722007815,00020,000200712 200811[2008]3 201028.33%1,666201038 20105[2010]60220,362.3840,362.3820116[2011]85911,637.6252,000 2012912,0005,0007,000 2025112025630 2012122012[2012]60201293075,000201692091370000614140809E 20157250,000,0001,900,000100,190202563034 20078152007112820121292012111520226202025630 20223292025630428 861516 2025829 2025112025630 20251-6202563020251-6 1. 111231 2. 2025112025630 3. (1) (2) 4. 5. 2025112025630 6. 7. 8. 3 9. 2025112025630 10. (1) 1) 123 2025112025630 10. (1) 1) 2) 2025112025630 10. (1) 2) 12 12 2025112025630 10. (1) 2) 12 3) (1)(2)(3) 2025112025630 10. (2) (3) 123 (4) 2025112025630 11. 12. 13. 14. 2025112025630 15. 16. 17. (1) 2025112025630 17. (2) (3) 21 2025112025630 18. 2025112025630 19. 20. 21. 22. (1)(2) 2025112025630 23. (1) (2) (3) 2025112025630 24. 25. 26. 12 2025112025630 26. •• 27. 28. [2007]2310% 29. (1) 2025112025630 29. (1) (2) 10.(1).1) (3) (4) +10.(1).2) 2025112025630 30. 5% (1)(2)3 31. 2025112025630 32. 12 (1)(2) 2025112025630 33. 34. 2025112025630 35. (1)(2)(3) 36. (1) 20251120241115202511 202511416,287.6428 (2) 2025112025630 36. (2) 1) 2) 3) 2025112025630 36. (3) 1) 2025112025630 2025112025630 2025630 202271920134202563075,00075,000 2025112025630 2013112025630118,820,000.0084,449,920.83 2015220256302,5002,500 2018420256303,0002,000 2025630 2025112025630 1. 2025630100202412311,500,000.00202412313,465,000.00 2025112025630 1. (2)2025630 2025112025630 1. (3) 2. 2025112025630 3. 4. 4. 2025112025630 4. 2025112025630 5. 6. (1) 2025112025630 6. (2)2025630444,494.9592.08% 7. (1) 2025112025630 7. (2) 2025112025630 7. (4)2025630146,954,715.1264.02% 20256305%5%20241231 2025112025630 8. 20256302,766,210.00202412311,512,420.00 9. 2025112025630 10. 20256302,173,320.00202412313,828,000.00 1 11. 12. 2025112025630 12. 2025630 2025112025630 14. 2025112025630 15. 202563020241231202563020241231 2025112025630 16. 2025112025630 17. (1) 18. 2025112025630 18. 2025112025630 18. (4) 2025112025630 19. (1) 2025112025630 19. (3) 2025112025630 19. 20. (1) 2025112025630 20. 2025112025630 21. 22. 2025112025630 23. 2025112025630 24. 155[1997]445% 25. 129201626 2025112025630 26. (1) 2025112025630 26. (4) 10 20237 2025112025630 27. 67 28. 2025112025630 29. (1) (2)2025630 2025112025630 29. (4)202563042,643.892024123142,643.8910,848,124.842024123114,059,977.98 2025112025630 30. 31. 32. 2025112025630 33. 2025630799,840.5720241231785,700.00 34. 10%6,968,625,756.00 2025112025630 35. 36. 2025112025630 37. 10%50% 20251-6 38. [2007]2310% 2025112025630 39. 20253202025613202412312024123112 2024326202462720231231100.14202314,026,600.002024 40. (1)