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We are an online investment decision-making solution provider in China with a focus on the provision of education services and financial information software services in the online investor content service market. We offer online investor content services, including online high-end investor education services and online financial literacy education services, and financial information software services to help individual investors better understand the financial market and make investment decisions, instead of providing investment or stock recommendations. According to Frost & Sullivan, with total gross billing of RMB2,001.2 million and a market share of 5.9% in 2021, we were the second largest online investment decision-making solution provider in China. With gross billing of RMB1,390.7 million from our online high-end investor education services and online financial literacy education services and a market share of 11.2% in 2021, we were the largest online investor content service provider in China, according to the same source. We launched our business to equip investors with financial knowledge and market experience via an investor education system and investment decision-making solution services. Since our inception, we have continuously enhanced our experience, knowledge and technology and have become a comprehensive, user-oriented, and internet-based investment decision-making solution provider. Our tailored and diverse offerings, ranging from basic wealth management knowledge to advanced investment practicing skills, addresses the distinctive investment decision-making needs of individual investors at all levels of investment experience. During the Track Record Period, we generated revenue from the following three offerings: Online high-end investor education services: We started to provide online high-end investor education services in 2018. Online high-end investor education service typically refers to recorded videos or online live streaming courses delivering comprehensive trainings and classes to help investors form solid financial knowledge base. In line with industry practice, our online high-end investor education services provide comprehensive education curricula and internet-based professional investment decision-making solution services for the mass affluent class in China, i.e., individual investors with a balance of investible securities equal to or above RMB300,000. Our services are primarily delivered in the form of pre-recorded online courses, livestreaming broadcasts, express market reviews, as well as various premium services such as one-on-one advisory services. We mainly provide our online high-end investor education services through SmartInvest Pro, our proprietary App with both mobile and PC versions. The gross billing of online high-end investor education services was RMB413.4 million, RMB1,026.2 million, RMB1,373.0 million, RMB1,043.2 million and RMB902.8 million, respectively, in 2019, 2020, 2021 and the ten months ended October 31, 2021 and 2022. Financial information software services : We launched financial information software services in 2021. Our financial information software services provide professional, timely and broad financial market related information, data analysis, and investment decision-making support to our customers with greater investment experience and more complex needs, expanding our customer base amongst more seasoned investors. We mainly provide our financial information software services through SmartInvest Info, our proprietary App with both mobile and PC versions. The gross billing of financial information software services was RMB610.5 million, RMB415.1 million and RMB608.7 million in 2021 and the ten months ended October 31, 2021 and 2022, respectively. Online financial literacy education services: We have been offering online financial literacy education services since December 2020. Our online financial literacy education services focus on providing financial knowledge and asset management skills for novice investors through SmartInvest Intro, our proprietary mobile App. However, we switched our focus from online financial literacy education services to the other two offerings since 2022 as we believe the target customers of online financial literacy education services were more hesitant to make purchase due to the general slowdown in economic conditions, volatility in the capital markets as well as the general negative impact of the COVID-19 pandemic, and the gross billing of online financial literacy education services was RMB0.05 million, RMB17.7 million, RMB17.1 million and RMB0.008 million, respectively, in 2020, 2021 and the ten months ended October 31, 2021 and 2022, which contributed less than 0.1%, 0.9%, 1.2% and less than 0.1% of our total gross billing during the same periods. Source: JF Wealth (09636) Prospectus (IPO Date : 2023/02/28) | |
Listing Market | MAIN |
Industry | Education Services |
Background | Others |
Major Business Area | N/A |
Substantial Shareholders | CHEN Wenbin (31.36%) YAN Ming (17.41%) CHEN Ning Feng (16.73%) The Core Trust Company Limited (6.34%) |
Directors | CHEN Wenbin (Chairman and Chief Executive Officer and Executive Director) CHEN Jigeng (Chief Executive Officer and Executive Director) ZHANG Peihong (Executive Director) CHEN Ning Feng (Non-Executive Director) YAN Ming (Non-Executive Director) FAN Yonghong (Independent Non-Executive Director) TIAN Shu (Independent Non-Executive Director) ZHAO Guoqing (Independent Non-Executive Director) |
Company Secretary | LEUNG Wing Han Sharon TAO Qitao |
Principal Bankers | Ping An Bank CMB Wing Lung Bank Limited |
Solicitors | Clifford Chance |
Auditors | KPMG |
Registered Office | Unit 2001, 20th Floor of Golden Centre, No. 188 Des Voeux Road Central, Hong Kong |
Share Registrars | Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628] |
Share Registrars Tel No | (852) 2862-8628 |
Internet Address | http://www.jfztkg.com/IR.html |
Email Address | ir@ jfztkg.com |
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