Sifang Jingchuang: Net cash flow from operating activities in 2025 decreased by 62.91% year-on-year

Originally from: China Securities Journal · CNI

CNI News Report: (Reporter Zhang Xingwang) On the evening of March 30, Foursquare Jingchuang released its 2025 performance. In 2025, the company achieved revenue of 631 million yuan, down 14.76% year over year; net profit attributable to shareholders of listed companies was 74.3013 million yuan, up 10.3% year over year.

According to Foursquare Jingchuang’s annual report, in 2025, the net cash flow from operating activities was 62.3M yuan, down 62.91% year over year. Foursquare Jingchuang said this was mainly due to more collections of accounts receivable in the prior period.

Foursquare Jingchuang is a provider of comprehensive financial technology solutions. Its main business is to provide, for financial institutions, end-to-end business solution and full lifecycle service for digital transformation and digital finance innovation, including consulting services for business and technology architecture, delivery of solutions, customized software development and maintenance services, as well as system integration business that integrates the company’s and third-party products and services.

2025 was the year in which Foursquare Jingchuang comprehensively implemented its strategic transformation. Foursquare Jingchuang said that, starting from the second half of 2024, given the reality of intensifying industry competition, the company’s management established an operating strategy of strategic repositioning and cost control and efficiency improvement. The company gradually exited certain businesses with narrow profit margins, while reallocating resources and adjusting its primary focus, adopting a more proactive strategy to expand overseas markets, innovate its business, and pursue other high-margin businesses. In 2025, the company continued to fully implement this strategy, achieving both profit and gross margin growth. The overall gross margin increased from 33.09% in the previous year to 38.58% in 2025.

Foursquare Jingchuang stated that in 2025, the company continued to strengthen efforts to expand overseas markets, achieving overseas business revenue of 509 million yuan, with the share for the first time exceeding 80%.

In its annual report, Foursquare Jingchuang stated that it faces risks associated with reliance on financial institutions and a concentrated customer base. A considerable portion of the company’s revenue comes from a small number of major customers, resulting in a relatively high customer concentration.

Foursquare Jingchuang also stated that the market in which the company operates is characterized by intense competition and rapid development, requiring sustained investment of substantial R&D resources to maintain its market position. Developing new financial technology products (especially in emerging fields such as blockchain and generative AI) is complex, costly, and uncertain.

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