The Zhitong Finance App learned that Sifang Jingchuang (06700) offered shares from September 14 to 17. The subscription has now ended and will be listed and traded on the Hong Kong Stock Exchange on September 22. As of noon on September 17, based on the amount of publicly raised capital of HK$94.34 million, Sifang Jingchuang Margin's subscription amount was approximately HK$640 million, an increase of 5.8 times.
According to the prospectus plan, Sifang Jingchuang plans to issue 589.61 million H shares, 10% of which will be publicly sold in Hong Kong. The maximum sale price is HK$16 million per share, with a maximum capital raising of HK$940 million, 100 shares per lot, and an entry fee of HK$16,161. CMB International and Guoxin Securities (Hong Kong) are its co-sponsors.
The company is an established banking fintech service provider rooted in the Greater Bay Area. It provides fintech software development services, consulting services and system integration services to banks, regulators and other financial institutions in mainland China and Hong Kong to help them continue to advance digital transformation.
Sifang Jingchuang's innovation is driven by two major proprietary technology platforms: FinnoSafe (automating compliance throughout the life cycle of tokenized assets by embedding regulatory rules into smart contracts) and FinnoSmart (an enterprise-grade generative AI platform that ensures data sovereignty). As an AI adopter, the company co-developed Banking Copilot with Microsoft in 2023, which has evolved into an intelligent agent focused on preventing fraud and ensuring compliance.
Major customers account for a relatively high share of the company's revenue, mainly including financial institutions and non-bank financial institutions. In 2025, the five major customers accounted for 89.1% of revenue.
On the financial side, in the three months ending March 31 in 2023, 2024, 2025, and 2026, the company achieved revenue of about 730 million yuan (RMB, same below), 740 million yuan, 631 million yuan, and 156 million yuan respectively. In the same period, it recorded annual/period profits of about 47.38 million yuan, 67.364 million yuan, 74.281 million yuan, and 10.611 million yuan, respectively.
In terms of cornerstone investors, Sifang Jingchuang introduced Chow Tai Fook (01929), Vice Chairman and Executive Director Zheng Zhiheng, New World (00017) non-executive director, and Successful Lotus, an investment holding company wholly owned by Hengdi (00012) Chairman and Managing Director Li Jiajie, and Yidu Kaiyuan, wholly owned by Yidu Holdings (00259), as cornerstone investors, with a total subscription amount of HK$120 million.
In terms of net use of proceeds: 35% will be used to enhance R&D capabilities, focusing on developing key technologies and services; 25% to enhance delivery capacity to support regional expansion and customer growth strategies; 15% to enhance sales capabilities in mainland China and global markets; 15% to potential investments and acquisitions to enhance technical capabilities, improve the business ecosystem and support long-term growth strategies; and 10% as working capital and general corporate use.