智通财经获悉，8月15日，九方智投控股(09636)旗下上海九方智擎科技有限公司(以下简称"九方智擎") 入驻"模速空间"美好共建仪式在沪举行。活动现场，九方智投控股创始人、董事会主席兼CEO陈文彬与 模速空间总经理陈海慈共同为九方智擎入驻"模速空间"揭牌。 仪式当天，九方智擎还与腾讯云达成战略合作签约，双方将携手探索AI人工智能领域的应用与落地。 结合腾讯云的底层技术、资源生态，九方智擎的金融垂类大模型的专长，双方共同推进行业云计算与智 能化基础设施的升级与创新发展。 陈文彬表示："九方智擎作为九方智投控股旗下九方智投全资子公司，未来将专注于金融垂类大模型的 研发与应用，致力于打造开放型智能引擎，并作为九方智投控股持续拓展金融赛道的AI创新主力，全 力书写'普惠金融''数字金融'的宏伟篇章"。 作为国家AI"头雁"平台，"模速空间"是上海打造全球人工智能高地"头雁效应"的核心载体，承载着构建 大模型"技术-产业-应用"闭环的国家使命。九方智擎此次入驻"模速空间"，旨在打通关键赋能通道，成 为政策势能的转化器、构建产业协同的共振场、打造顶尖人才的"引力极"。 ...

Group 1 - Jiufang Zhitu Holdings (09636) saw its stock price increase by over 18%, currently trading at 58.95 HKD with a transaction volume of 761 million HKD [1] - On August 14, A-share trading volume surged to 2.3 trillion, marking it as the 7th highest in history and the 2nd highest in the last decade for both trading volume and margin financing [1] - According to Cinda Securities, the retail securities investment consulting market has significant growth potential, driven by increasing wealth accumulation among residents [1] Group 2 - Jiufang Zhitu, as a leading company in the fintech and services sector, is rapidly capturing market share through innovative and efficient business models along with solid investment education content [1] - The acquisition of Yintech Financial, announced on April 3, includes core assets such as Fangde Securities and Fangde Capital, which is expected to enhance synergy and diversify the business landscape [1] - In July, the company completed a strategic placement, achieving multiple times oversubscription and raising 100 million USD, which is anticipated to enrich the company's business ecosystem and expand into various niche markets [1] Group 3 - The company aims to extend its global market reach, focusing on Hong Kong and the Middle East, thereby broadening its regional coverage and providing more international revenue sources [1] - Jiufang Zhitu is working towards creating a closed-loop system that integrates trading, asset management, and investment advisory services [1]

Core Viewpoint - Jiufang Zhitu Holdings (09636) has seen a significant stock price increase, rising over 18% in the afternoon trading session, reflecting strong market interest and potential growth in the financial technology sector [1] Group 1: Market Performance - As of the latest report, Jiufang Zhitu's stock price is at 58.95 HKD with a trading volume of 7.61 billion HKD [1] - On August 14, the A-share market recorded a trading volume of 2.3 trillion CNY, marking it as the 7th highest in history and the 2nd highest in the last decade for both trading volume and margin financing [1] Group 2: Industry Insights - According to Xinda Securities, the retail securities investment consulting market has significant growth potential, driven by increasing wealth accumulation among residents [1] - Jiufang Zhitu, as a leading player in the financial technology and services industry, is positioned to benefit from the growing wealth of domestic residents through its innovative business model and solid investment education content [1] Group 3: Strategic Developments - On April 3, Jiufang Zhitu announced the acquisition of Yintech Financial, which includes core assets such as Fangde Securities and Fangde Capital, expected to enhance synergy and diversify its business landscape [1] - In July, the company completed a strategic placement, achieving multiple times oversubscription and raising 100 million USD, which is anticipated to enrich its business ecosystem and expand into various niche markets including RWA underlying assets, digital asset exchanges, and custodial banking [1] - The company aims to extend its global market reach, focusing on Hong Kong and the Middle East, to provide a more international revenue source [1] - Jiufang Zhitu is working towards creating a closed-loop system encompassing trading, asset management, and investment advisory services [1]

Group 1: Retail Investor Market - The retail securities investment consulting market has significant growth potential, driven by increasing wealth accumulation among residents [1] - As of June 2025, the total number of A-share investors is expected to exceed 240 million, with individual investors dominating the market, accounting for over 99.76% by the end of 2024 [1] - The stock assets of domestic personal investable financial assets are projected to reach 41.4 trillion by 2026, nearly double that of 2020 [1] Group 2: Short Video and Business Model Innovation - The short video traffic has rapidly risen, with user numbers exceeding 1 billion as of June 2024, providing a broad audience and superior communication capabilities compared to traditional media [2] - The company leverages short video and live streaming on platforms like Douyin and WeChat to achieve high-frequency customer engagement and build an algorithm-driven traffic pool [2] - This innovative business model enhances the reach of content ecosystems and addresses the limitations of traditional consulting services, driving rapid growth [2] Group 3: Strategic Placement and Growth Opportunities - The company completed a strategic placement, raising $100 million, with funds allocated to various sectors including on-chain financial ecosystems and overseas digital asset services [3] - The placement aims to enrich the business ecosystem by focusing on RWA underlying assets and digital asset exchanges, while also extending market reach to Hong Kong and the Middle East [3] - The strategy aims to create a closed-loop system encompassing trading, asset management, and consulting services [3] Group 4: Financial Projections and Investment Rating - The company is expected to benefit from the growth of domestic resident wealth, with projected revenues of 3.805 billion, 4.414 billion, and 5.076 billion from 2025 to 2027, reflecting year-on-year growth rates of 65%, 16%, and 15% respectively [4] - The forecasted net profit attributable to the parent company is 1.378 billion, 1.678 billion, and 1.958 billion for the same period, with corresponding PE ratios of 15.66, 12.86, and 11.02 [4] - The company is initiated with a "buy" rating based on its innovative business model and solid educational content [4]

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之內容概不負責，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倚 賴該等內容而引致之任何損失承擔任何責任。 JF SmartInvest Holdings Ltd 董事會會議通告 九方智投控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 2025年8月28日（星期四）舉行董事會會議，藉以（其中包括）考慮及批准本公司及 其附屬公司截至2025年6月30日止六個月的中期業績及其發佈，並考慮派發中期 股息（如有）。 承董事會命 九方智投控股有限公司 董事會主席 陳文彬 九方智投控股有限公司 中國香港，2025年8月14日 （於開曼群島註冊成立的有限公司） （股份代號：9636） 截至本公告日期，執行董事為陳文彬先生、陳冀庚先生及張培紅先生，非執行董 事為嚴明先生及CHEN NINGFENG女士，以及獨立非執行董事為趙國慶博士、范 勇宏先生及田舒先生。 ...

Core Viewpoint - Jiufang Zhitu Holdings (09636) has experienced a significant stock price increase of over 6%, currently trading at 52.65 HKD, with a transaction volume of 145 million HKD, following the announcement of a profit alert indicating a turnaround from a loss to a profit in the first half of the year [1][1][1] Financial Performance - The company expects a net profit attributable to shareholders between approximately 830 million HKD and 870 million HKD for the first half of the year, compared to a net loss of 174 million HKD in the same period last year [1][1][1] - The company reported a year-end contract liability of 1.489 billion HKD, indicating a strong performance in contract fulfillment during the first half of the year [1][1][1] - The contract liability remains high, with a balance of 809 million HKD expected at the end of the first half of 2025, providing robust support for stable performance in the second half of the year [1][1][1] Strategic Initiatives - In July, the company completed a strategic placement, achieving multiple times oversubscription and raising 100 million USD [1][1][1] - This placement is expected to enhance the company's strategic layout by diversifying its business ecosystem, focusing on RWA underlying assets, digital asset exchanges, and custodial banking in various niche markets [1][1][1] - The company aims to extend its global market reach, particularly in Hong Kong and the Middle East, to broaden its regional coverage and provide more international revenue sources [1][1][1] - The strategy includes creating a closed-loop system encompassing trading, asset management, and investment advisory services [1][1][1]

Core Viewpoint - Jiufang Zhitu Holdings (09636) has experienced a significant stock price increase of over 6%, attributed to a positive earnings forecast for the first half of the year, indicating a turnaround from a loss in the previous year [1] Financial Performance - The company expects a net profit attributable to shareholders between approximately 830 million to 870 million HKD for the first half of the year, compared to a net loss of 174 million HKD in the same period last year [1] - The company reported a year-end contract liability of 1.489 billion HKD, with a strong performance in contract fulfillment during the first half of the year [1] Market Outlook - According to Cinda Securities, the domestic capital market is expected to improve significantly in the second half of 2024, leading to increased market activity and a rapid rise in new orders for the company [1] - The company maintains a high level of contract liabilities, with a balance of 809 million HKD expected at the end of the first half of 2025, providing robust support for stable performance in the second half of the year [1] Strategic Initiatives - In July, the company completed a strategic placement, raising 100 million USD with multiple times oversubscription, which is expected to enhance its strategic positioning in various markets [1] - The strategic placement aims to enrich the business ecosystem by focusing on RWA underlying assets, digital asset exchanges, and custodial banking, while also extending its global market reach, particularly in Hong Kong and the Middle East [1] - The company is working towards creating a closed-loop system encompassing trading, asset management, and investment advisory services [1]

Key Points - Xiaomi Group-W (01810), Crystal International Holdings (02228), and BYD Electronic (00285) ranked top in net inflow of southbound funds, with net inflows of 562 million, 227 million, and 213 million respectively [1][2] - Xpeng Motors-W (09868), Innovent Biologics (01801), and Ganfeng Lithium (01772) had the highest net outflows, with net outflows of -663 million, -535 million, and -410 million respectively [1][2] - In terms of net inflow ratio, Haitian Flavoring and Food (03288), Jiangsu Nanjing Highway (00177), and Swire Properties B (00087) led the market with ratios of 55.51%, 49.37%, and 46.46% respectively [1][2] - The highest net outflow ratios were recorded by Reshape Energy (02570), Southbound Hang Seng Index ETF (03037), and First Pacific Company (00142) with ratios of -90.77%, -68.70%, and -60.36% respectively [1][3] Net Inflow Rankings - Xiaomi Group-W (01810) had a net inflow of 562 million, representing 8.75% of its closing price of 50.800, which decreased by 0.88% [2] - Crystal International Holdings (02228) saw a net inflow of 227 million, with a net inflow ratio of 11.34% and a closing price of 7.450, which increased by 4.78% [2] - BYD Electronic (00285) recorded a net inflow of 213 million, with a net inflow ratio of 13.41% and a closing price of 38.680, which increased by 6.15% [2] Net Outflow Rankings - Xpeng Motors-W (09868) experienced the largest net outflow of -663 million, with a net outflow ratio of -20.13% and a closing price of 83.600, which increased by 5.36% [2] - Innovent Biologics (01801) had a net outflow of -535 million, with a net outflow ratio of -19.67% and a closing price of 89.950, which decreased by 1.42% [2] - Ganfeng Lithium (01772) recorded a net outflow of -410 million, with a net outflow ratio of -19.45% and a closing price of 34.000, which increased by 20.91% [2] Net Inflow Ratio Rankings - Haitian Flavoring and Food (03288) had a net inflow ratio of 55.51%, with a net inflow of 21.1399 million and a closing price of 33.560, which decreased by 0.47% [3] - Jiangsu Nanjing Highway (00177) recorded a net inflow ratio of 49.37%, with a net inflow of 14.6726 million and a closing price of 9.980, which decreased by 0.40% [3] - Swire Properties B (00087) had a net inflow ratio of 46.46%, with a net inflow of 4.0945 million and a closing price of 12.160, which decreased by 0.57% [3]

Investment Rating - The report assigns a "Buy" rating to the company [3] Core Insights - The company is positioned to benefit from the growing demand for retail investment consulting services as the number of individual investors in the A-share market continues to rise, with over 240 million investors reported by mid-2025 [4][34] - The company has successfully leveraged the short video trend to innovate its business model, achieving high growth rates through effective customer engagement and content distribution [4][11] - Strategic acquisitions and capital raises are expected to diversify the company's business and enhance its international market presence, particularly in the areas of stablecoins and RWA (Real World Assets) [4][13] Summary by Sections Company Overview - The company focuses on high-end investment education and consulting, utilizing AI technology to enhance its service offerings and customer engagement [15][26] - It has developed a range of products, including high-value VIP services and a unique learning machine aimed at educating new investors [11][24] Market Demand and Growth - The demand for investment consulting services is increasing, driven by the growing wealth of individual investors and the need for professional guidance [4][39] - The online investment decision-making solutions market is projected to grow significantly, with estimates reaching RMB 872 billion by 2026 [50] Business Model Innovation - The company has adopted a new business model that integrates content production, multi-channel distribution, and precise customer targeting, resulting in a sustainable growth mechanism [11][59] - The use of AI and big data analytics allows the company to provide personalized investment advice and enhance user experience [12][26] Financial Performance and Projections - Revenue is expected to grow from RMB 3.8 billion in 2025 to RMB 5.1 billion in 2027, with a corresponding increase in net profit from RMB 1.4 billion to RMB 2 billion [5] - The company's P/E ratio is projected to decrease from 15.66 in 2025 to 11.02 in 2027, indicating potential for valuation improvement [5] Strategic Initiatives - The company plans to expand its international footprint through strategic acquisitions and partnerships, particularly in Hong Kong and the Middle East [4][13] - Recent capital raises have been directed towards building a blockchain financial ecosystem and enhancing digital asset services [4][13]

Group 1 - The recent recovery in the securities market and increased trading volume have heightened the requirements for compliance and information security among securities firms [1] - Jiufang Zhitu's core brand is leading the intelligent upgrade of financial services through its capabilities in information security and compliance practices [1][3] - Jiufang Zhitu has successfully passed the review by the Chinese Association for Artificial Intelligence (CAAI), becoming a member unit, which underscores its strength in the AI field [3] Group 2 - The company has been applying AI technology in compliance management since 2020, enhancing its compliance capabilities through semantic recognition and model building [3] - In 2022, Jiufang Zhitu developed an "intelligent compliance risk control platform" that significantly improved compliance management and operational efficiency [3] - The company has achieved dual certifications of ISO/IEC 27001 and ISO/IEC 27701, becoming the first financial institution in Shanghai to do so, reflecting its commitment to data security [3][6] Group 3 - Jiufang Zhitu continuously optimizes its information security and data protection systems, focusing on auditing and monitoring the handling of sensitive personal information [6] - The company has received a "one-star" designation for its personal information protection impact assessment (PIA) and has been included in a collection of typical PIA cases by the CCIA Data Security Working Committee [6] - Looking ahead, Jiufang Zhitu aims to enhance its financial technology capabilities and optimize digital products and services to support the stable and healthy development of the digital economy in the financial sector [6]