Company Performance - The company reported a mid-year revenue of 483 million yuan for 2025, reflecting a year-on-year growth of 6.7%, with a net profit of 33.51 million yuan indicating a turnaround [4] - AI-driven cloud subscription revenue accounts for 71% of total revenue, suggesting a sustainable profit model [4] - Current valuation metrics show a price-to-earnings ratio (TTM) of 27.94 times and a price-to-book ratio of 2.30 times, indicating a debate on whether the valuation aligns with growth [4] Stock Price Movement - On February 13, the stock price closed at 7.24 HKD, down 3.21% from the previous day, with a trading volume of only 32,400 shares and a turnover rate of 0.02% [1] - The stock has shown high historical volatility, with a price range fluctuation of 109.42% from April to September 2025, including a single-day increase of 23.38% on September 24, 2025 [5] Market and Sector Context - The Hang Seng Index fell by 1.72% on the same day, while the application software sector rose by 1.61%, indicating that the individual stock performance was significantly weaker than the sector [2] - The IT services II sector declined by 0.76% and the domestic software sector fell by 0.44%, reflecting a general downturn in technology stock sentiment [2] - Market liquidity was reduced due to the suspension of Hong Kong Stock Connect services during the Spring Festival, exacerbating volatility in small-cap stocks [2][3] Capital Flow - On February 13, there was no net inflow of major funds into the stock, with retail investors contributing a net inflow of 46,200 HKD and an average transaction price of 7.313 HKD [3] - The stock has not been covered by investment banks in the past 90 days, leading to low market attention and a predominance of retail-driven capital flow, which can lead to price fluctuations due to limited trading [3]

畅捷通（01588.HK）在近7个交易日内股价表现活跃，区间涨幅达8.93%，最新收盘价为7.81港元。期 间成交量波动显著，显示资金关注度提升。技术面上，股价突破5日均线，MACD指标呈现收窄迹象， 短期动能增强。 经济观察网 沪深北交易所公布2026年春节休市安排，时间为2月15日至23日，24日恢复交易。港股通服 务同步暂停，可能影响市场流动性。深交所在2月2日至6日期间对233起异常交易行为采取了监管措施， 反映了市场波动风险。 股票近期走势 财报分析 畅捷通2025年中期报告显示，公司营收为4.83亿元，同比增长6.67%；净利润3351万元，实现同比扭亏 为盈。云订阅收入占比达到71%，用户规模持续扩张。尽管财报非近期发布，但基本面稳健为当前股价 提供了支撑。 以上内容基于公开资料整理，不构成投资建议。 ...

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: 2026年1月31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: 2026年2月2日 I. 法定/註冊股本變動 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 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 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 135,387,411 | | 513,800 | | 135,901,211 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 135,387,411 | | 513,800 | | 135,901,211 | 足夠公眾持股量的確認(註4) ...

Summary of the Conference Call for Changjie Tong Company Overview - **Company**: Changjie Tong - **Industry**: SaaS (Software as a Service) and AI integration in financial and accounting services Key Points AI Integration and Product Development - Changjie Tong integrates AI technology into its products through two main lines: "ERP + AI" and "AI native accounting products" [2][4] - The efficiency of invoice processing has improved by 80%, and order creation efficiency has increased by over 70% [2][5] - The AI native accounting product "Yibaoshui" significantly enhances accounting efficiency, allowing customer managers to handle 1,500-2,000 accounts compared to traditional accountants managing 150 sets of accounts [2][5] Financial Performance - In 2025, Changjie Tong achieved significant milestones in AI applications, becoming the first profitable To B SaaS company in the Hong Kong stock market, with net profit exceeding 80 million RMB, doubling for two consecutive years [3] - The number of new paying users reached 186,000, a year-on-year increase of 30% [3] Market Strategy and User Engagement - The company plans to evolve from "ERP + AI" to "AI + ERP," optimizing intelligent agent functions and expanding the user base for Yibaoshui [2][7] - The pricing strategy for SaaS tools has increased, with annualized prices rising from 1,800 RMB to over 1,900 RMB for channel distribution, and from 1,100 RMB to 1,400 RMB for direct sales teams [4][21] Competitive Advantages - Changjie Tong's unique advantages include a fully automated accounting and tax reporting system and a highly integrated BaaS and SaaS service model [12] - The company has accumulated extensive data analysis experience, which helps in optimizing AI models to better understand ERP forms and business objects [12][14] Future Goals and Development Plans - The goal for 2026 is to further advance towards AI native ERP, establishing a knowledge graph to enable the AI model to understand ERP products and customer needs dynamically [11] - The company aims to enhance customer service quality through a smart agent operation and evaluation system, achieving over 90% accuracy in user query responses [19] Customer Experience and Sales Strategy - Changjie Tong employs various strategies to promote AI products, including customer experience activities tailored to industry and regional characteristics [18] - The company focuses on building customer habits with its products before implementing pricing strategies, emphasizing the importance of user engagement over immediate price increases [21] AI Model Utilization - The company utilizes different AI models based on specific scenarios, such as Deepseek and Tongyi Qianwen for accounting tasks, and collaborates with Baidu and Tencent for customer service and form recognition [16] Revenue Model and Market Penetration - The primary revenue source remains from SaaS, with BaaS services provided directly by AI [10] - By the end of 2025, over 100,000 enterprises were using more than 50 intelligent agents, with a notable agent processing over 3 million bank receipt recognitions in December [10] Additional Insights - The company is focused on addressing the needs of small and micro enterprises for efficient and automated financial services, indicating a strong market demand for such solutions [8][9] - Changjie Tong's approach to AI integration and product development positions it well for future growth and market leadership in the SaaS and AI sectors [12][15]

Core Viewpoint - The company has released a positive profit forecast for the fiscal year 2025, indicating significant growth in both profit and revenue driven by strategic focus on cloud services and AI integration [1][3]. Financial Performance - The company expects net profit attributable to shareholders to reach between RMB 76 million and 85 million for the year ending December 31, 2025, representing a substantial increase of 127% to 154% compared to RMB 33.46 million in the previous year [1][3]. - Total revenue is projected to grow approximately 14% year-on-year, with core cloud subscription revenue expected to increase by about 16%, maintaining a stable share of over 69% of total revenue [1][3]. User Growth - The number of paid enterprise users in the cloud service business has reached 961,000, with an addition of 186,000 new paid users during the year, reflecting a year-on-year growth of 30% [1][3]. Strategic Focus - The anticipated profit increase is attributed to two main factors: the company's unwavering commitment to a "cloud service first, subscription first" long-term strategy, and the ongoing optimization of operational efficiency through refined management of R&D, sales, and administrative expenses [1][3]. - The company has developed a next-generation enterprise-level AI-native application development platform, enabling large-scale development and deployment of AI agents, which has significantly reduced innovation barriers and cycles [1][3]. AI Integration - The company has deeply integrated AI technology into its products and services, enhancing efficiency and user experience across various sectors, including supply chain, accounting, and tax management [2][4]. - AI-driven features such as intelligent compliance review and automated tax filing have improved the efficiency and security of financial management for enterprises [2][4]. Future Outlook - The performance forecast validates the correctness and execution of the company's strategic path, establishing a positive growth loop from financial data to cloud subscription penetration and AI-driven product enhancements [2][4]. - Looking ahead, the company aims to continue focusing on digital services for small and micro enterprises, leveraging cloud subscriptions and AI innovation to strengthen its market leadership and create long-term value for shareholders [2][4].

Market Overview - The Hong Kong stock market opened higher on January 14, with the Hang Seng Index rising by 0.46% to 26,971.97 points, the Hang Seng Tech Index up by 0.42% to 5,894.63 points, the State-Owned Enterprises Index increasing by 0.46% to 9,328.05 points, and the Red Chip Index gaining 0.25% to 4,156.46 points [1] Company News - Q Technology (01478.HK) expects a net profit growth of approximately 400% to 450% for the year ending December 31, 2025 [2] - China Coal Energy (01898.HK) anticipates a 10.2% decrease in coal sales volume to approximately 256 million tons for 2025, with December sales down by 23% year-on-year to 21.88 million tons [2] - Zhixing Technology (01274.HK) has been selected as a supplier for a Korean automotive group's driver assistance solutions for four vehicle models [2] - Country Garden (00832.HK) projects a total property contract sales amount of 8.467 billion yuan for 2025, a decrease of 16.3% year-on-year [3] - Hopson Development (00754.HK) expects total contract sales of approximately 15.607 billion yuan for 2025, down 6.15% year-on-year [4] - Chuangjie Tong (01588.HK) anticipates a profit attributable to the parent company between 76 million and 85 million yuan for 2025, representing a year-on-year increase of 127% to 154% [4] - SUTENG (02498.HK) forecasts laser radar product sales of approximately 912,000 units for 2025 [5] - Xiaocaiyuan (00999.HK) plans to establish a joint venture to develop an online mall and "community ready-to-eat stores" [6] - GDS Holdings (09698.HK) has recovered approximately 95% of the investment principal from DayOne, with an investment return rate of nearly 6.5 times [7] - China Biologic Products (01177.HK) intends to acquire 100% of Hejiya for a maximum base price of 12 million yuan to accelerate the development of its siRNA liver delivery platform [7] - Innovent Biologics (02696.HK) has had its Biologics License Application for Hanbeitai® (Bevacizumab Injection) accepted by the FDA [7] - Xiaomi Group (01810.HK) repurchased 4 million shares for 152 million HKD at prices between 37.94 and 38.04 HKD [8] - Tencent Holdings (00700.HK) repurchased 1.012 million shares for 636 million HKD at prices between 623 and 638 HKD [9] - Sunny Optical Technology (02382.HK) repurchased 640,000 shares for 41.7878 million HKD at prices between 64.55 and 65.8 HKD [10] Institutional Insights - Dongwu Securities suggests that the window for the Federal Reserve to cut interest rates this year is limited, and the impact of fiscal policies on the economy is still forthcoming. If the Fed does not cut rates in the first quarter, the rebound pace of the Hong Kong stock market will depend more on fundamental factors. The overall allocation strategy for Hong Kong stocks remains a barbell strategy, recommending a controlled allocation while waiting for more news [11] - Wanlian Securities highlights that policy opinions indicate a push to accelerate the industrialization and commercialization of brain-computer interfaces. The global competitive landscape in this sector shows the U.S. leading in invasive methods while China leads in non-invasive methods, focusing on key elements such as electrodes, chips, and algorithms [11][12]

Core Viewpoint - The company anticipates a revenue growth of approximately 14% in 2025 compared to the previous year, driven by a focus on cloud subscription services [1] Revenue and Profit Forecast - The expected profit attributable to the parent company will range between RMB 76 million and 85 million, representing a growth of 127% to 154% from last year's profit of RMB 33.46 million [1] - The growth in profit is primarily due to the company's commitment to prioritizing cloud services and subscriptions, leading to sustained revenue and gross profit growth [1] Cost Management and Efficiency - The company is implementing efficiency measures, with a projected decrease in the proportion of research and development costs, sales and distribution expenses, and management fees relative to revenue, which will enhance profitability [1] Cloud Service Performance - During the reporting period, the company added 186,000 new paying enterprise users in its cloud service business, marking a 30% increase year-on-year [1] - As of the end of the reporting period, the total number of paying enterprise users in the cloud service business reached 961,000 [1] Overall Business Outlook - The board believes that the overall business operations of the company are maintaining a positive development trend [1]

Core Viewpoint - The company expects a revenue growth of approximately 14% in 2025 compared to the previous year, driven by a 16% increase in cloud subscription revenue, which will account for no less than 69% of total revenue [1] Financial Performance - The anticipated profit attributable to the parent company is projected to be between RMB 76 million and RMB 85 million, representing a growth of 127% to 154% from last year's profit of RMB 33.46 million [1] - The company is implementing a long-term strategy prioritizing cloud services and subscriptions, leading to continuous growth in revenue and gross profit [1] Cost Management - The company expects a decrease in the proportion of R&D costs, sales and distribution expenses, and management fees relative to revenue compared to the previous year, which will enhance profitability [1] User Growth - During the reporting period, the company added 186,000 new paying enterprise users in its cloud services, marking a 30% increase year-on-year [1] - As of the end of the reporting period, the total number of paying enterprise users reached 961,000 [1] Business Outlook - The board believes that the overall business operations of the company are maintaining a good development trend [1]

Group 1 - The company, Changjie Tong (01588.HK), announced an expected profit attributable to shareholders ranging between RMB 76 million and RMB 85 million for the fiscal year ending December 31, 2025, representing a growth of 127% to 154% compared to last year's profit of RMB 33.46 million [1]

CHANJET INFORMATION TECHNOLOGY COMPANY LIMITED* 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。 正面盈利預告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09(2)(a)條及證券及期貨條 例（香港法例第571章）第XIVA部作出。 董事會謹此知會本公司股東及潛在投資者，基於對本集團未經審核綜合管理賬目的初 步評估，預期截至二零二五年十二月三十一日止年度，本集團錄得母公司擁有人應佔 利潤將介於人民幣76.00百萬元至85.00百萬元之間，較上年的人民幣33.46百萬元增長 127%至154%。 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 本公告乃由暢捷通信息技術股份有限公司（「本公司」，連同其附屬公司統稱為「本集團」） 根據香港聯合交易所有限公司證券上市規則第13.09(2)(a)條及證券及期貨條例（香港法例 第571章）第XIVA部作出。 本公司董事會（「董事會」）謹此知會本公司股東 ...