Analysis of the Impact of Zhuochuang Information's Financial Information Service Institution Filing on Business Expansion

Zhuochuang Information has completed the

with the filing number “Lu Jinxin Bei [2023] No.1” [1]. This qualification is an important compliance threshold for providing information services to financial institutions.

From the perspective of compliance management, financial regulators continue to strengthen the compliance requirements of financial institutions for data sources and service providers. According to the “Financial Institution Compliance Management Measures” (effective from March 1, 2025) and related regulations, financial institutions need to strictly review the qualifications and compliance of external data service providers when selecting them [3]. Zhuochuang Information’s completion of the filing means:

• Meeting financial institution access requirements
  : Banks, insurance companies, securities firms, futures companies, fund companies and other financial institutions need to prioritize service providers that have completed the filing when purchasing external data services
• Reducing customer compliance risks
  : Financial institutions using data services from filed providers can reduce compliance risks caused by provider qualification issues
• Enhancing customer trust
  : Filing is a recognition of the company’s data quality, service capabilities and internal control

Zhuochuang Information already serves financial institutions [1], but the financial information service filing provides key support for its

:

Institutional Type	Business Needs	Filing Value
Banks (especially commodity trade finance departments)	Commodity price monitoring, industry analysis, collateral valuation	Meeting data source compliance review requirements, supporting risk control modeling
Futures companies	Market data, spot price evaluation, research reports	Enhancing the credibility of research reports, serving clients’ hedging needs
Securities firms (research departments, asset management departments)	Industry research, investment target coverage, quantitative investment research	Strengthening the legitimacy and authority of data services
Fund companies (especially commodity/ETF funds)	Commodity indices, market tracking, valuation benchmarks	Complying with data compliance standards for fund investment decisions
Insurance companies	Related industry research, price fluctuation risk monitoring	Meeting compliance reviews for insurance fund utilization

The filing qualification supports Zhuochuang Information in providing

to financial institutions:

• Customized data services
  : Developing collateral price evaluation models and risk early warning systems for banks
• Investment research support services
  : Providing in-depth industry reports, price forecasts and thematic research for securities firms and funds
• Quantitative data products
  : Developing structured data interfaces and API data stream services to support institutional quantitative investment
• Risk control and compliance tools
  : Helping financial institutions meet regulatory requirements for data sources and data quality

that Zhuochuang Information has completed data resource capitalization practice, with the proportion of data resources in intangible assets increasing from 2.67% in Q1 2024 to 4.98% in Q3 [2], indicating the company’s outstanding ability to capitalize data assets and provide more data products for institutional clients.

According to search results, the commodity information service industry is in a

:

• Accelerated supply chain finance ecosystem construction: Government-led and state-owned enterprise-operated industrial cluster supply chain finance platforms are emerging, requiring a large amount of commodity data support [5]
• Industrial chain digital transformation: Data collection and integration in transaction platforms, warehousing and logistics links have spawned demand for professional data services
• Rising demand for risk management from financial institutions: Intensified commodity price fluctuations have increased institutions’ demand for professional price evaluation and risk early warning services

that Zhuochuang Information’s net profit increased by 30.34% year-on-year in the first three quarters of 2024, while operating costs decreased by 11.17% year-on-year [2], reflecting the company’s achievements in data resource capitalization and business diversification.

After completing the financial information service filing, Zhuochuang Information can expand its revenue sources including:

1. Data subscription services
   : Providing commodity price data and industry database subscriptions to financial institutions
2. Customized research reports
   : Preparing customized industry/thematic research reports for banks, securities firms and funds
3. System development and integration
   : Developing risk control systems, valuation models and data interfaces for institutional clients
4. Consulting and training services
   : Providing market trend analysis, risk management strategies and industry training
5. Data asset operation
   : Assisting enterprise clients in data asset management based on data resource capitalization experience

Compared with traditional enterprise clients, financial institution clients have the following characteristics:

Dimension	Enterprise Clients	Institutional Clients
Procurement cycle	Project-based, annual subscription	Long-term contracts, continuous subscription
Customer unit price	Relatively low	Higher (especially customized services)
Renewal rate	Medium	Higher (stable compliance demand)
Service depth	Basic data, information	Comprehensive solutions, system integration
Premium capacity	Limited	Stronger (compliance + professional value)

This means that successful expansion of institutional clients can improve

.

Zhuochuang Information has been conducting international research activities, completing nearly 30 international visits in 2024 covering Southeast Asia, Central Asia, Europe, Japan, South Korea and other regions [4]. The financial information service filing provides support for the company in the following aspects:

• Serving Chinese institutions going global: Providing local market data for financial institutions engaged in overseas commodity business
• Serving foreign institutions entering China: Providing Chinese market commodity data services for international investors
• Participating in international standard setting: Participating in commodity data standard setting as a filed institution to enhance international discourse power

1. First-mover advantage
   : The filing number “Lu Jinxin Bei [2023] No.1” shows that the company completed the filing early and occupies a leading position in the industry
2. Deep data accumulation
   : Focusing on the commodity market for 20 years (founded in 2004), covering energy, chemicals, agriculture, metals and other industries [2]
3. Data assetization capability
   : Completed data resource capitalization practice and has the ability to convert data into assets [2]
4. Customer base
   : Already serving financial institution clients [1], with industry understanding and service experience

1. Intensified competition
   : With the promotion of the filing system, more competitors may obtain filing qualifications
2. Product adaptability
   : Need to develop more standardized and structured data products for financial institution needs
3. Compliance costs
   : Need to continuously invest in data quality control and compliance system construction to meet strict compliance requirements of financial institutions
4. Talent reserve
   : Expanding institutional clients requires professional teams that understand both commodities and finance

Impact Dimension	Specific Impact
Market access	Obtaining a “pass” to serve financial institutions, breaking through compliance thresholds
Customer expansion	In-depth expansion of institutional clients such as banks, securities firms, funds and insurance companies
Revenue structure	Upgrading from information services to comprehensive solutions such as data subscriptions, customized research and system integration
Profitability	Higher customer unit price and stronger stickiness of institutional clients, improving revenue stability and profit margins
Brand value	Filing qualification enhances credibility and market competitiveness

1. Product standardization
   : Develop standardized data products (such as price indices, API interfaces, risk control models) for financial institution needs
2. Cooperation ecosystem construction
   : Establish strategic cooperation with banks, futures companies and supply chain finance platforms to integrate into institutional service ecosystems
3. Team specialization
   : Introduce financial industry talents and form a dedicated team to serve institutional clients
4. Compliance capability construction
   : Continuously strengthen data quality control and compliance systems to consolidate filing advantages
5. Technology capability upgrade
   : Increase investment in AI and big data technologies to improve data processing and analysis capabilities and support quantitative needs of institutional clients

---

[1] Securities Times - “Zhuochuang Information: The company has completed domestic financial information service institution filing”
https://www.stcn.com/article/detail/3574229.html

[2] Zhu Xiaolong - “Research on the Impact of Zhuochuang Information’s Data Resource Capitalization on Financial Performance” (PDF)
https://pdf.hanspub.org/fia2025142_102430480.pdf

[3] Haiwen Law Firm - “Key Points Analysis of the Financial Institution Compliance Management Measures”
http://www.haiwen-law.com/35/1625

[4] Shandong Zhuochuang Information Co., Ltd. Company Introduction (PDF)
https://fao.zibo.gov.cn/module/download/downfile.jsp?classid=0&filename=0ee32045ca0948e7bc03431b5ba4c811.pdf

[5] Economic Herald - “How Local State-owned Enterprises Carry Out Commodity Trade in the New Development Stage”
https://www.jingjidaokan.com/icms/null/null/ns:LHQ6LGY6LGM6MmM5ZTg1NmU5MmU3YjJhMjAxOTY3YjJmMTY5YTAwOWIscDosYTosbTo=/show.vsml

[6] Xinhuanet - “From One Building to One Industry: Shanghai Putuo Accelerates the Building of a Commodity Industry Highland”
http://www.news.cn/local/20251225/e0d8f0c7fdf6433ab051c7caaedf7455/c.html