On China Mid-term and Zhong Da Futures
Zhong Da shares hold 95. 1 share of Zhejiang Zhong Da Futures Brokerage Co., Ltd., which is absolutely close to holding. There is no doubt about it. However, you have overlooked a key point. In the medium term, the total share capital of CUHK is much larger than that of China. The total share capital of CUHK is 439,654,388+08 million shares, while the total share capital of China in the medium term is 230 million shares. As the turnover of the futures business of the two companies is similar, assuming that the profits of the futures business of the two companies are equal, the total share capital of CUHK is relatively large. China's medium-term total share capital is small, which makes the diluted earnings per share of the corresponding futures business lower than that of China Zhong Da stock. Therefore, the current share price of China in the medium-term is still reasonable compared with that of Zhong Da stock.