报告期内，集团录得归属于母公司股东的净利润人民币42.55百万元，较上年同期的归属于母公司股东 的净亏损人民币28.95百万元显著改善，主要因为本集团坚定贯彻云服务业务优先、订阅优先的长期策 略，得益于云订阅业务模式成功转型後的用户规模和收入模式，云订阅收入持续保持增长，其中除生态 夥伴合作销售通路以外的经销通路及直销通路的云订阅收入较上年同期增长27%；同时集团坚持实施效 益化经营，研发费用、销售费用及管理费用占收入比重较上年同期均有所下降。 于2025年9月30日，集团资产总额为人民币1,822.69百万元，较上年年末的人民币1,694.66百万元增长 8%。 格隆汇10月30日丨畅捷通(01588.HK)公布，截至2025年9月30日止九个月，集团实现营业收入人民币 722.89百万元，较上年同期增长7%，其中云订阅收入为人民币525.69百万元，较上年同期增长9%，云 订阅收入占总收入的比重达73%；报告期末的云订阅合约负债为人民币728.70百万元，较上年年末增长 16%。 ...

Core Insights - The company reported a revenue of RMB 723 million for the nine months ending September 30, 2025, representing a 7% increase year-on-year, with cloud subscription revenue reaching RMB 526 million, up 9% year-on-year, accounting for 73% of total revenue [1] - The net profit attributable to shareholders was RMB 42.55 million, a significant improvement from a net loss of RMB 28.95 million in the same period last year, driven by a successful transformation to a cloud subscription business model [1] - Total assets increased by 8% to RMB 1.823 billion compared to RMB 1.695 billion at the end of the previous year [1] Business Strategy - The company continues to focus on the digital finance and business sectors for small and micro enterprises, adhering to a customer success principle and accelerating product innovation [2] - The implementation of an "AI First" strategy is aimed at enhancing product competitiveness and operational efficiency, with a shift towards an ecosystem-based platform service [2] - The company is advancing AI applications in its products, particularly in the areas of intelligent employees and intelligent analysis, to support compliance and operational efficiency for small and micro enterprises [2] Marketing and Sales Performance - The company is enhancing its distribution channels and upgrading its operational models to improve the capabilities of value-added distributors [3] - A focus on core service scenarios and a combination of online and offline marketing strategies has been employed to promote digital transformation case studies for small and micro enterprises [3] - New cloud subscription orders increased by 11% year-on-year, with a 31% increase in the most recent quarter, and the number of paid enterprise users in the cloud service business grew by 21% year-on-year, reaching a total of 906,000 [3]

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，概不就因本公告全部或任何部分內容 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。 CHANJET INFORMATION TECHNOLOGY COMPANY LIMITED* 有關二零二五年第三季度財務資料的公告 本公告乃由暢捷通信息技術股份有限公司（「本公司」）根據香港聯合交易所有限公司證券 上市規則第13.09(2)(a)條及香港法例第571章《證券及期貨條例》第XIVA部作出。 本公司控股股東用友網絡科技股份有限公司將於二零二五年十月三十一日於上海證券交 易所公佈其於截至二零二五年九月三十日止九個月（「報告期」）之未經審核第三季度業 績，包括本公司及其附屬公司（「本集團」）於報告期之未經審核財務資料。為保證本公司 全體股東公平、及時地知曉本公司資料，本公司特此公佈下述根據中華人民共和國財政 部頒佈的企業會計準則編製的未經審核財務資料。 報告期內，本集團實現營業收入人民幣722.89百萬元，較上年同期增長7%，其中雲訂閱 收入為人民幣525.69百萬元，較上年同期增長9%，雲訂 ...

Core Viewpoint - The company reported a year-on-year increase in revenue but a decline in net profit for the third quarter of 2025 [1] Financial Performance - The company's operating revenue reached 226 million yuan, representing an 8.64% increase compared to the same period last year [1] - The net profit attributable to shareholders was 6.05 million yuan, showing a year-on-year decrease of 23.90% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 5.16 million yuan, reflecting a 39.01% decline year-on-year [1]

Core Viewpoint - The company reported a revenue increase of 4.39% year-on-year for the first three quarters of 2025, but net profit decreased significantly by 31.53% [1] Financial Performance - The company's revenue for the first three quarters reached 672 million yuan [1] - Net profit attributable to shareholders was 28.40 million yuan, reflecting a year-on-year decline of 31.53% [1] - The net profit after deducting non-recurring gains and losses was 27.51 million yuan, down 34.52% year-on-year [1] - Basic earnings per share stood at 0.24 yuan [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 暢捷通信息技術股份有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 備註： 上表列出的96,800股庫存股份為本公司根據本公司股東於2025年5月20日採納並批准的回購授權於2025年9月所回購的H股。 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01588 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 135,901,211 | RMB | | 1 RMB | | 135,901,211 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 135,90 ...

Financial Performance - Revenue for the first half of 2025 reached RMB 483.1 million, a 7% increase from RMB 452.9 million in the same period of 2024[11] - Gross profit for the same period was RMB 336.9 million, reflecting a 3% increase from RMB 327.1 million year-over-year[11] - The company reported a pre-tax profit of RMB 33.7 million, compared to a pre-tax loss of RMB 11.9 million in the first half of 2024[11] - The group achieved revenue of RMB 483.11 million, a 7% increase year-on-year, with cloud subscription revenue at RMB 343.25 million, growing 12% and accounting for 71% of total revenue[18] - The group recorded a profit attributable to equity holders of RMB 33.51 million, compared to a loss of RMB 9.88 million in the same period last year, resulting in a basic earnings per share of RMB 0.105, up from a loss of RMB 0.031[18] - Operating cash inflow reached RMB 83.76 million, a 70% increase from RMB 49.33 million in the previous year, indicating continuous improvement in cash flow[18] - The company reported a profit of RMB 33.51 million for the period, a turnaround from a loss of RMB 9.88 million in the same period last year[43] - The company reported a total comprehensive income of RMB 33,504,000 for the period, compared to a loss of RMB 9,867,000 in the previous year[94] - For the six months ended June 30, 2025, the profit attributable to equity holders was RMB 33,513,000, compared to a loss of RMB 9,879,000 for the same period in 2024[125] Assets and Liabilities - Total assets as of June 30, 2025, amounted to RMB 1.81 billion, a 7% increase from RMB 1.69 billion at the end of 2024[11] - Total liabilities increased by 10% to RMB 872.2 million from RMB 791.4 million at the end of 2024[11] - Cash and bank balances as of June 30, 2025, amounted to RMB 1,334.30 million, an increase from RMB 1,259.03 million as of December 31, 2024[60] - The current ratio increased to 224% as of June 30, 2025, compared to 193% as of December 31, 2024, due to reclassification of certain deposits[61] - The company’s net assets rose to RMB 936,777,000, up from RMB 903,273,000 at the end of 2024, reflecting a solid financial position[97] Market Strategy and Growth - The company aims to expand its market presence by enhancing channel coverage in county-level markets and promoting global business expansion[17] - The company aims to expand its market share in small and micro enterprise cloud services and strengthen its leading position in the industry[34] - The company is committed to continuous product innovation in the fields of digital finance and commerce, enhancing its competitive edge in the market[17] - The company is focusing on the digital transformation of small and micro enterprises, leveraging AI and big data technologies to enhance service capabilities[16] - The company plans to enhance its direct sales channel, focusing on "structural efficiency, content-driven, and intelligent operations" to support sustainable growth[37] Technology and Innovation - AI agents are identified as a key strategic technology trend for 2025, which the company plans to leverage for operational improvements[14] - The group enhanced its digital tax products by integrating AI technology, improving efficiency and accuracy in automated accounting and tax compliance services for small and micro enterprises[20] - The group launched the 5.0 version of its application hosting platform, integrating AI technology to provide comprehensive security and operational services for small and micro enterprises[24] - The "AI-first" strategy will be fully implemented to accelerate the application of AI technology in product innovation and company operations[34] - The company plans to enhance the integration of finance and taxation services with business operations, leveraging AI to improve efficiency and accuracy[35] Employee and Organizational Development - The total number of employees remained stable at 991, with a focus on optimizing organizational structure and enhancing performance management systems[32] - The company has established a training plan for 2025, focusing on professional capabilities, talent development, and management skills[73] - The company has implemented a two-tier training system for new employees to enhance their competency efficiency[73] - The company has launched a "Backup Cadre Training Camp" to cultivate grassroots management talent[73] - The total compensation paid to key management personnel for the six months ended June 30, 2025, was RMB 11,880,000, up from RMB 11,061,000 in the same period of 2024, indicating a 7.4% increase[164] Research and Development - Total R&D investment for the six months ended June 30, 2025, was RMB 112.32 million, a decrease of 1% compared to the same period last year[50] - Research and development expenses were RMB 100,618,000, slightly down from RMB 102,490,000 in the previous year[92] - The company has conducted a series of training courses to enhance the professional capabilities of its R&D team[73] Corporate Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code as per the Listing Rules during the reporting period[89] - The company has not been involved in any significant litigation or arbitration as of June 30, 2025[87] - The interim financial information was approved and authorized for publication by the board of directors on August 26, 2025[174] Financial Management - The company incurred financial expenses of RMB 301,000, slightly down from RMB 314,000 in the previous year, showing effective cost control[102] - The company experienced a net cash outflow from investing activities of RMB 18,960,000 for the six months ended June 30, 2025, a decrease from RMB 344,341,000 in the prior year, indicating improved cash management[104] - The company recognized rental expenses of RMB 122,000 for short-term leases with Yonyou (Nanchang) for the six months ended June 30, 2025, compared to RMB 127,000 for the same period in 2024[156]

Core Viewpoint - The recent significant investment by Hillhouse Capital and Gaocheng Capital in Changjietong has led to a nearly 20% increase in the company's stock price, indicating strong market confidence in the company's value and future prospects [1]. Group 1: Transaction Details - The transaction price of 7.60 HKD per share is in line with the market price, reflecting a mutual recognition of the company's current value by both buyers and sellers. The company's market capitalization was approximately 2.5 billion HKD prior to the transaction, with cash and bank deposits expected to reach 1.33 billion RMB by mid-2025 [2]. - The implied valuation includes 1.3 billion RMB in cash and a free cash flow multiple of 7.5 times, which is considered reasonable for a SaaS company that has completed its transformation, providing a high margin of safety for new investors [2]. Group 2: Liquidity and Value Discovery - The transaction is expected to improve liquidity for Changjietong, which has faced issues due to a high ownership concentration by major shareholders. Increased public shareholding will enhance trading activity, potentially attracting institutional investors and facilitating better value discovery [3]. - The market's recognition of the company's value through this transaction is a significant step towards improving liquidity and optimizing the valuation framework [3]. Group 3: Shareholder Structure and Strategic Opportunities - The introduction of influential institutional investors like Hillhouse Capital and Gaocheng Capital is seen as a positive development for minority shareholders, as these investors can drive improvements in governance, increase dividend payouts, or implement share buybacks [4]. - The strategic investors may also provide business synergies, which could accelerate Changjietong's growth in the small and micro enterprise cloud service sector [4]. Group 4: Industry Insights - The SaaS industry in China is perceived to be entering a phase of compounded growth potential after experiencing significant valuation fluctuations. Investors are focusing on long-term growth opportunities within the enterprise services sector [5]. - Hillhouse Capital's continued investment in Changjietong, following its previous involvement with other SaaS companies, underscores a sustained confidence in the enterprise service sector and the broader ecosystem [5][6].

Group 1 - The core point of the article highlights the significant rise in the stock price of Changjietong (01588), which surged over 43% and was trading at 10.01 HKD with a transaction volume of 12.25 million HKD [1] - Hillhouse Capital and Gaocheng Capital have made substantial investments in Changjietong, which is expected to enhance the company's shareholder base and improve stock liquidity [1] - Changjietong, a subsidiary of Yonyou, is recognized as a leading provider of financial and business cloud services for small and micro enterprises in China [1] Group 2 - Yonyou has reduced its stake in Changjietong by selling 42.11 million shares, bringing its ownership down to approximately 53.53% [1] - The board of directors expressed confidence in the business operations of the group, indicating that the sale will strengthen ties with long-term value investors and broaden the shareholder base [1] - According to Guohai Securities, the cloud subscription model has become the main focus for Changjietong, which has added 86,000 new cloud-paying enterprise users in the past six months, totaling 861,000 cloud-paying enterprise users [1]

Group 1 - The core point of the article is that Changjie Tong (01588) experienced a significant stock price increase of over 43%, attributed to substantial investments from Hillhouse Capital and Gaocheng Capital, which enhances the company's shareholder base and liquidity [1] - As a subsidiary of Yonyou, Changjie Tong is recognized as a leading provider of financial and business cloud services for small and micro enterprises in China [1] - The company previously faced a reduction in shares held by its controlling shareholder, Yonyou, which sold 42.1078 million shares, reducing its stake to approximately 53.53% [1] Group 2 - The board of directors expressed confidence in the company's operations, stating that the sale of shares will deepen connections with long-term value investors and improve stock liquidity [1] - According to Guohai Securities, the cloud subscription model has become the main focus for Changjie Tong, which has expanded its market presence by adding 86,000 new cloud-paying enterprise users in the past six months, bringing the total to 861,000 [1]