Core Viewpoint - The company is positioned as a leading online investment education service provider in China, benefiting from a scarcity of licensed securities investment consulting firms and increasing demand for professional investment advisory services [1][2]. Industry Overview - As of April 2025, there are only 78 licensed securities investment consulting firms in China, with no new approvals in recent years, indicating a stringent regulatory environment [1]. - The demand for investment advisory services is expected to surge due to supportive policies and a shift away from traditional investment channels like real estate and deposits, with the scale of wealth management expanding from 0.37 trillion yuan in 2019 to an estimated 5.16 trillion yuan by 2024, reflecting a CAGR of 68.98% [2]. Company Positioning - The company is one of the first to obtain a securities investment consulting license from the China Securities Regulatory Commission, targeting the affluent public and offering a comprehensive range of products from high-end to low-end [1]. - The company has established a unique traffic system combining public domain MCN, private domain WeChat, and its own app, which has led to a steady increase in revenue and a leading position in 2C financial information software services [2]. Product and Service Strategy - The company’s core products are developed in-house, with a strong foundation in the high-end market, while also strategically creating over 30 lightweight products to penetrate the long-tail user segment [2]. - The integration of technology, including self-developed AI models, enhances user experience and ensures compliance, contributing to the company's sustainable growth [2]. Financial Projections - The company is expected to benefit from the rising demand for investment education and the virtual asset trend, with projected net profits for 2025, 2026, and 2027 at 1.158 billion yuan, 1.565 billion yuan, and 1.773 billion yuan respectively, reflecting year-on-year growth rates of 325%, 35%, and 13% [2].

Investment Rating - The report assigns a "Buy" rating for Jiufang Zhitu Holdings (9636.HK) based on its strong performance and growth potential in the market [9]. Core Views - Jiufang Zhitu's H1 2025 performance exceeded expectations, with projected net profit for shareholders between RMB 830 million and RMB 870 million, and revenue expected to reach approximately RMB 2.1 billion, marking a year-on-year increase of about RMB 1.202 billion [1]. - The company is leveraging its AI capabilities through the integration of its large model with a comprehensive financial knowledge base, which is expected to enhance its service offerings and customer base [1]. - The planned acquisition of Yintech Financial aims to expand into overseas markets and diversify its business portfolio, potentially reducing risks associated with market concentration [1]. Financial Summary - For 2024, the company reported revenue of RMB 2,306 million, with projections of RMB 3,512 million for 2025, representing a growth rate of 52% [3]. - The net profit attributable to shareholders is expected to rise significantly from RMB 272 million in 2024 to RMB 1,211 million in 2025, reflecting a growth rate of 344% [3]. - Earnings per share (EPS) are forecasted to increase from RMB 0.61 in 2024 to RMB 2.70 in 2025 [3]. Financial Projections - The financial outlook for Jiufang Zhitu indicates a steady increase in revenue and profit over the next few years, with expected revenues of RMB 4,056 million in 2026 and RMB 4,681 million in 2027 [4]. - The company is projected to maintain a strong gross margin, with estimates of 89.24% in 2025 and 88.34% in 2026 [4]. - The return on equity (ROE) is expected to be 43.14% in 2025, indicating strong profitability relative to shareholder equity [4].

Core Viewpoint - Jiufang Zhituo Holdings (9636.HK) has been recognized as one of the "2025 Favorite Chinese Brands," highlighting its successful brand building and contribution to the digital transformation of enterprises in the financial technology sector [1][2]. Brand Development - The company employs a "technology + research" dual-driven approach to enhance its brand image, focusing on compliance, integrity, professionalism, and stability [2][3]. - Jiufang Zhituo has created popular educational content, such as the "Buffett and Seven Lunches" series, to make financial knowledge more accessible [3][5]. - The company has developed a matrix of original content, including "Research with Purpose," "One Read Jiufang," and "Jiufang Book House," to strengthen brand recognition and transition from a financial service provider to a financial knowledge ecosystem builder [5]. Cross-Industry Integration - Jiufang Zhituo has deepened its "finance + culture and sports" integration, promoting sports and fitness concepts through events like a 5-kilometer run that encourages value investing [6][7]. - The company has engaged with sports champions to embody the Olympic spirit in its investment philosophy, enhancing brand vitality [6][7]. Education and Talent Development - The company collaborates with universities to promote financial literacy and career development through initiatives like the "Jiufang Z Plan" and "Jiufang Career Day" [8]. - Jiufang Zhituo aims to cultivate new talent that understands both market dynamics and social responsibility [8]. Brand Culture and Social Responsibility - The company emphasizes the importance of brand culture and has contributed to social responsibility initiatives, such as supporting educational institutions and pandemic relief efforts [11]. - Jiufang Zhituo's commitment to "technology for good" reflects its philosophy that social responsibility is essential to its business model [11]. Innovation and Industry Leadership - The company adopts an "import and export" strategy, collaborating with leading firms and participating in major industry events to showcase its innovations [12]. - Jiufang Zhituo is positioned as a leader in the investment advisory industry, leveraging its dual-driven model to redefine the sector [12][13].

JF SmartInvest Holdings Ltd 最新業務發展之自願性公告 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。 九方智投控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9636） 承董事會命 九方智投控股有限公司 董事會主席 陳文彬 中國香港，2025年1月9日 本公告乃由九方智投控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」） 自願作出。本公告旨在知會本公司股東（「股東」）及潛在投資者有關本集團之最新 業務發展。 本公司董事（「董事」）會（「董事會」）欣然宣佈，本公司推出以下數智新品： 董事會認為，數智新品的推出，彰顯公司堅定踐行「科技+投研」雙輪驅動的發展 戰略，加速「數智化」轉型，深入探索AI賦能業務全場景，圍繞用戶需求打造針對 產品，增強公司競爭力，成為客戶投資理財的終身伴侶。展望未來，該等數智產 品將為股東帶來更佳回報，實現公司進一步發展與可持續增長。 1 1. 易知股道－九方智投股票學習機領航版，以 ...