CHANJET (01588) announced its financial results for the first three quarters of 2025. During the reporting period (ended September 30, 2025), the group achieved revenue of RMB723 million, a 7% year-on-year increase, with cloud subscription revenue reaching RMB526 million, up 9% year-on-year, accounting for 73% of total revenue. Cloud subscription contract liabilities stood at RMB729 million as of the reporting period end, a 16% increase compared to the end of the previous year.
The group recorded a net profit attributable to shareholders of RMB42.55 million, a significant improvement from a net loss of RMB28.95 million in the same period last year. This turnaround was driven by the successful transformation of its cloud subscription business model, which boosted user scale and revenue streams. Cloud subscription revenue from direct and indirect sales channels (excluding ecosystem partner collaborations) grew 27% year-on-year. Additionally, the group optimized operational efficiency, reducing the proportion of R&D, sales, and administrative expenses relative to revenue.
As of September 30, 2025, total assets amounted to RMB1.823 billion, an 8% increase from RMB1.695 billion at the end of the previous year.
During the reporting period, CHANJET continued to focus on digital finance and digital commerce solutions for small and micro enterprises, adhering to a customer-centric approach. The group accelerated product innovation, enhanced competitiveness, and promoted globalization under its "AI-First" strategy, integrating AI into product development and operations.
At the product level, CHANJET expanded AI applications, particularly in digital employees and analytics, with AI solutions for high-frequency small business scenarios maturing rapidly. Its digital finance products strengthened compliance risk identification by aligning contract, logistics, invoice, and payment flows. Digital commerce solutions deepened applications in new trade, retail, manufacturing, and services to improve operational efficiency.
In marketing, the group enhanced channel coverage and partner capabilities while adopting precision strategies in direct sales to boost conversion rates. Cloud subscription new order value grew 11% year-on-year, with a 31% surge in Q3 alone.
The group added over 130,000 new paying enterprise users for cloud services, a 21% year-on-year increase, bringing the total to 906,000. The board expressed confidence in the group's sustained positive business momentum.