The Zhitong Finance App learned that recently, Sinke Holdings (01945) released a positive profit forecast for the first half of 2026. It is expected to achieve revenue of 98 million yuan to 74 million yuan in the first half of 2026, an increase of 21.86%-32.63% over the previous year, and an estimated net profit of 13 million yuan to 0.18 million yuan, which drastically turned a loss into a profit over the previous year. According to the company, the increase in performance was mainly due to increased revenue from main business and increased returns from investment projects.
According to previous years, the company's business settlement and release were concentrated in the second half of the year. The first half of the year's performance was mostly lackluster. Since 2022, the first half of the year has been a loss, but the second half of the year will basically be profitable after revenue is released. In the case of 2025, revenue for the second half of the year increased 47% compared to the first half of the year, profit of 86 million yuan, and loss of 15 million yuan in the first half of the year. There was an inflection point in the first half of this year, which not only increased revenue, but also drastically turned losses into profits.
According to the disclosure of Seike Holdings and based on the business, there are three main reasons for the sharp increase in profits of Zinko Holdings:
First, the volume of orders for the four major businesses increased, leading to an increase in settlement confirmation revenue. The company is a comprehensive service platform for the equity investment industry. It provides data, marketing, investment banking securities and training services to participants in the equity investment industry. The four major businesses collaborate with each other. Among them, investment banking and securities services performed the most impressive. Active layout and AI strategy deepened. Revenue surged 298% in 2025, and the contribution revenue increased to 44%.
In the first half of 2026, a total of 154 Chinese companies were listed at home and abroad, an increase of 41.3% over the previous year. This brought fertile growth ground for the company's investment banking business, and it is expected that the investment banking business will continue to contribute significantly to its performance. With business collaboration, the scale of businesses including marketing (investment community, China Fund Partner Conference, etc.), data services (Clean Technology Data), and training (Sand Dune Investment Research Institute, Clean Technology Investment Training Institute) has also grown.
The second is an increase in the fair value of investment projects. The company's strategic investment business lays out the country's strategic emerging fields such as artificial intelligence, life sciences, cutting-edge technology, and future industries. The investment project included fair value in the income statement. In 2025, the company's investment in Beijing Qingke Zhiyuan increased to 29 million yuan, the investment in listed companies was 0.1 million yuan, and the investment in unlisted companies was 6.5 million yuan. The profit from fair value changes during the period was 43 million yuan, an increase of 330% over the previous year. It is expected that the fair value of Qiyuan's investment projects, secondary and unlisted projects will continue to increase in the first half of this year.
Third, AI is reshaping the company's fundamentals and improving profitability. The company embraces the opportunities of the AI era. The four major businesses are fully empowered by AI. On the one hand, it explores new growth paths through AI and promotes business growth. On the other hand, AI empowers operational efficiency and reduces the level of various expenses. In particular, sales expenses have improved markedly. For example, in 2025, the company's sales expenses rate dropped by 3.68 percentage points.
In fact, the core logic of the performance growth of Seike Holdings is to build a “full ecosystem” industrial service chain for the equity investment industry, forming a huge “data resource library” from the project side to the capital side, and building an indestructible competitive barrier in the resource scenario.
The data service is the “ballast stone” of the C&C Holdings business. It is also a first-hand source of information for investment projects. Its vertical large model application platform, CapAI, enables basic restructuring from information retrieval to intelligent decision-making, and combines C&C data, clean research, and clean tech consulting to provide customers with industry data acquisition and decision support. Marketing services are a secondary transmission of information sources. The core scarce resource is the investment community. Its investment community has over 3.9 million users to build high barriers, deeply reaching government and enterprise decision makers and highly influential people.
Data services and marketing services are highly linked. Every year, Zinko Holdings holds an investment value selection. The main targets are unlisted high-growth companies in the early stages of financing, and its investment community selects TOP100 investors every year. It has been held for 11 consecutive sessions in 2026, attracting the active participation of thousands of early stage, VC, PE and strategic investors. One resource side and one investment side form a perfect data closed loop.
Furthermore, the company's training services are further deeply tied to both ends. Its Dune Investment Research Institute has trained more than 800 entrepreneurs and investor alumni to build a bridge between “innovation” and “investment”. This network of high-net-worth alumni is gradually becoming a core participant in the venture capital ecosystem. These front-end resources have brought huge data assets to the company's investment banking service business and strategic investment business, which is fully supported by the rapid development of the investment banking business.
In terms of strategic investment, it has recently continued to lay out cutting-edge hard technology tracks. For example, it has participated in Yangxuan Technology to complete the D round of financing of 1 billion yuan, lay out the quantum computing field, and lay out the first round of 830 million yuan financing for stellar nuclear fusion to lay out the nuclear fusion field. These high-quality high-tech projects are scarce, reflecting the advantages of the company's “ecological” layout.
Looking at future prospects, under the advantages of full ecology+AI, diversified business collaboration is expected to maintain continuous growth, which brings a golden window with a right-side layout to Zinko Holdings.
The 2026 government work report and the “15th Five-Year Plan” plan outline set a historic top-level position for the venture capital industry, which brought policy benefits to company data services and marketing services in terms of resources; the IPO market also showed a boom. The number of A-share and Hong Kong listed companies continued to rise. Taking Hong Kong stocks as an example, Wind data shows that as of July 27, the Hong Kong stock market had completed 100 initial public offerings, an increase of 92.31% over the previous year. The active market not only broadened the listing and exit path for the company's reserved venture capital projects, but also gained capital market expansion The development dividends brought about.
Notably, the company's active repurchases boosted market investment confidence. Since April 2026, the company has repurchased 65 times, with a cumulative total of 4.8088 million shares, accounting for 1.63% of the total share capital. Over the past three years, the company's market value has continued to rise and has doubled from a low point. The company adheres to a long-term development strategy, driven by ecological barriers, AI+ diversified businesses, and is expected to reshape its performance and valuation.