Changjiu Holdings Limited
HHKEX:69592.95
HKD
+0.05
(+1.72%)
ISIN
KYG2044E1061
CUSIP
G2044E106
Return %
Stock
S&P 500
1Y
-51.88
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
CNY
•
in mil. unless spec.Working Capital
CNY
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in mil. unless spec.Growth Rates
CNY
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in mil. unless spec.Semi-annual Revenue
CNY
•
in mil. unless spec.Semi-annual Earnings Per Share
CNY
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in mil. unless spec.Semi-annual Dividends Per Share
CNY
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in mil. unless spec.Company Description
- CEO
- Shi Jiu Bo
- Full Time Employees
- 633
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- Changjiu Building Beijing BE China
- IPO Date
- Jan 9, 2024
- Website
- 99digtech.com
- Similar Companies
- Business
- Changjiu Holdings Limited (6959.HK), formerly Changjiu Digital Technology Ltd and incorporated in 2021 with headquarters at Changjiu Building, No. 99 Shigezhuang Road, Chaoyang District, Beijing, China, is an investment holding company that provides pledged vehicle monitoring services, automobile dealership operation management services, and new automobile circulation services primarily to financial institutions, automobile dealerships, and automobile finance companies across more than 500 cities in 31 provinces in Mainland China; its core offerings include the VFS system for online operations, automatic warnings, and monitoring of over 20,000 pre-set instructions in pledged vehicle monitoring, the Zhike Xing system comprising CRM SaaS and ERP solutions for dealership operational support, data systems, and managerial solutions, and the 9CheGO platform (launched in March 2024 and upgraded in November 2024) for connecting upstream automobile manufacturers with county-level sinking markets to facilitate new automobile sales, procurement, delivery, warehousing, and logistics services to over 54,000 dealerships covering more than 1,000 county-level regions as of June 30, 2025. The company serves approximately 150 branches of 16 commercial banks including all of China's "Big Six" national state-owned commercial banks and 10 joint-stock banks, 20 automobile finance companies, and 16,910 automobile dealerships in its pledged vehicle monitoring segment, manages 68 automobile dealerships through operational support and data-driven solutions like SCRM and loyalty points malls in its dealership operation management segment, and generated 54.3% of its RMB696.7 million revenue for the six months ended June 30, 2025 from new automobile circulation services including sales of 5,747 vehicles primarily through an exclusive annual distribution partnership with FAW Toyota Motor Sales Co., Ltd. for Corolla 1.2T models; revenue from pledged vehicle monitoring and dealership management services accounted for 41.7% and 4.0%, respectively, during the period. Recent developments include a name change from Changjiu Digital Technology Ltd, the full-scale ramp-up of new automobile circulation services contributing to 106.6% year-over-year revenue growth to RMB696.7 million and net profit of RMB67.1 million for the first half of 2025, strategic cooperation with multiple automobile manufacturers via the 9CheGO platform setting an industry precedent for direct county-level retail models, entry into the 2025 Automobile Dealership Operation Management Service Framework Agreement on October 17, 2025 with related party Jilin Changjiu Industrial Group Co., Ltd. for a three-year term through 2028 to provide services to its dealerships on market-competitive terms, enhancements in AI and LLM technologies such as OCR, IoT, multimodal AI for risk control, and the "Jiuzhi Yunshu" AI platform for intelligent Q&A and compliance, alongside inventory financing facilities secured by trade receivables and automobile inventories.