On October 30, ChangjieTong released its Q3 2025 financial report. During the reporting period, ChangjieTong achieved revenue of RMB 723 million, representing a 7% increase compared to the same period last year, with profitability continuing to improve as net profit reached RMB 42.55 million, significantly reversing the net loss of RMB 28.95 million from the same period last year. Cloud subscription revenue during the reporting period amounted to RMB 526 million, further increasing its share of total revenue to 73%, with Q3 standalone quarterly cloud subscription new orders growing by 31% year-over-year.
In the first three quarters of 2025, while maintaining steady growth in both revenue and net profit, ChangjieTong also saw continuous expansion in its user base. The number of new paying corporate users for its cloud services exceeded 130,000, marking a 21% increase year-over-year, with cumulative paying corporate users reaching 906,000. These figures reflect its strong competitiveness and sound profitability in the small and micro enterprise SaaS market.
AI technology accelerates product innovation and elevates dimensions, deeply empowering enterprise scenario-based applications.
Behind the impressive financial data lies ChangjieTong's strategic achievements of driving continuous innovation and intelligent enhancement of its products, powered by AI technology. The company is focusing on two key directions—'Digital Intelligence Employees' and 'Digital Intelligence Analytics'—transforming cutting-edge AI capabilities into productivity tools that tangibly improve enterprise operational efficiency.
Currently, AI applications targeting high-frequency scenarios for small and micro enterprises have reached a basic level of maturity, with the number of users adopting AI applications achieving a rapid quarter-on-quarter growth of 20% in the third quarter. This trend is specifically demonstrated across the company’s core product lines: Haoshengyi facilitates intelligent business processing and data analysis through features such as AI invoicing, AI data entry, and AI query functionalities; Haoyecai focuses on the enterprise management perspective, creating platform-level AI-enabled new financial operations applications that establish a more business-savvy and flexible operating model; T+Cloud deepens the integration of production and financial operations in the new manufacturing sector, enhancing complex order fulfillment efficiency, while accelerating adaptation to multi-format scenarios like cultural tourism and retail in the new retail sector, strengthening integrated advantages. These deep innovations rooted in specific business scenarios constitute the internal drivers behind the robust growth of cloud subscription orders in the third quarter.
Build a win-win ecosystem and explore new pathways for sustainable growth.
Backed by robust product capabilities, ChangjieTong’s business development and market expansion have demonstrated vibrant vitality, laying a solid foundation for scaled growth.
ChangjieTong has been actively advancing the deployment of its distribution channels. In the third quarter, the number of new partners increased by 33.72% year-on-year, and network coverage density continued to improve. While expanding the scale of its channels, the company places greater emphasis on empowering its partners by enhancing their operational and professional capabilities to jointly promote the upgrade of business models. Additionally, the in-depth operational strategy of 'industry-specific + base-building' centered around core economic industrial belts has precisely reached target customer groups through integrated online and offline scenario-based activities.
During the reporting period, the company actively participated in the promotion of digital transformation among small and medium-sized enterprises (SMEs) across the country, continuously strengthening efforts in public-private cooperation. To date, ChangjieTong has successfully been listed as a recommended product and service provider in the pilot cities for SME digital transformation in 25 locations, driving partners to collaboratively serve enterprises undergoing intelligent and digital transformations in various regions.
In the future, ChangjieTong will continue to increase investment in intelligent construction to create more competitive products. While achieving high-quality development, it aims to meet the digital and intelligent needs of small and micro businesses in the new era. The company will also continue to expand its market share in cloud-based financial and tax services for small and micro businesses, further consolidating its leading position in this sector and capturing the top spot in the broader small and micro business cloud service market.
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