Core Viewpoint - Xiamen Fucheng Financing Guarantee Co., Ltd. has been listed as operating abnormally by the Xiamen Market Supervision Administration due to inability to contact through its registered address or business location, which raises concerns about the operational stability of the company and its parent, Jiufu [1] Group 1: Company Overview - Jiufu, established in 2006, is a veteran player in the fintech industry and went public on NASDAQ in August 2019 [1] - Fucheng Financing Guarantee Co., Ltd. was founded in December 2019 and is a wholly-owned subsidiary of Jiufu, operating the lending platform "Wanka" [1] Group 2: Financial Performance - Jiufu reported a net profit of 50.2 million yuan for the full year of 2024, marking its first profitable year after several years of losses [1] - In the first half of 2025, Jiufu achieved total revenue of 152 million yuan, a 6.3% increase from 143 million yuan in the same period last year, and a net profit of 219 million yuan, representing a staggering increase of over 1600% year-on-year [1] - Sales revenue for the first half of 2025 reached 75.86 million yuan, up 69.5% year-on-year [2] Group 3: Revenue Composition - Jiufu's revenue is composed of sales revenue, technical service revenue, and wealth management revenue, with sales and technical service revenues holding a significant share [1] - Technical service revenue for the first half of 2025 was 60.98 million yuan, down 22.3% year-on-year, attributed to reduced demand for technical services [3] - Wealth management revenue for the first half of 2025 was 15.27 million yuan, a decline of 21.7% year-on-year [4]