In recent years, strategic emerging industries have flourished, while traditional industries have accelerated their transformation and upgrading, creating new development opportunities for capital empowerment institutions and industry consulting institutions.
On December 27, 2023, Tiancheng Jinhui released its first financial report since its debut on NASDAQ. According to financial report data, in the first half of 2023, Tiancheng Jinhui's revenue reached 2.8147 million US dollars, an increase of 63% compared to the same period last year; The gross profit reached 2.068 million US dollars, an increase of 52% compared to the same period last year. Both revenue and gross profit have shown significant growth.
Business training business grew by 827%
The financial report shows that in the first half of this year, Tiancheng Jinhui's business training business revenue was 1.4835 million US dollars, a year-on-year increase of 827%. Business training accounts for 52.7% of the overall revenue, contributing half of the country to Tiancheng Jinhui.
The reporter learned that Xu Guohui had been deeply involved in the field of equity investment before founding Tiancheng Jinhui. On October 25, 2018, Xu Guohui founded Tiancheng Jinhui, initially focusing on providing clients with business training and professional consulting services for equity investment. After 2020, Tiancheng Jinhui began providing services such as capital strategy, project incubation, and accompanying the listing.
"In the context of high-quality development, the capital awareness of most growth oriented enterprises is relatively weak. We hope to help more entrepreneurs improve their understanding and professional knowledge of the capital market through inclusive training, avoid pitfalls, and avoid detours," said Xu Guohui, Chairman of the Board of Directors of Tiancheng Jinhui.
Acquiring three Shenzhen companies to enhance professional consulting capabilities
In the first half of 2023, Tiancheng Jinhui's consulting and trading services business revenue was $1.2569 million, and in the first half of 2022, it was $1.2635 million, with little difference between the two. In the first three quarters of 2022, the revenue of this sector was 1.9458 million yuan, while in the first three quarters of 2021, it was 1.9041 million yuan, almost unchanged.
On December 21, 2023, Tiancheng Jinhui announced that it will fully acquire 100% of the shares of three companies under Shenzhen CITIC Consulting, including CITIC Business Consulting, CITIC Industrial Economic Consulting, and CITIC Industrial Research Institute, for a total consideration of 4 million US dollars. By acquiring three companies under CIC Consulting, Tiancheng Jinhui has expanded its professional consulting business.
It is reported that CIC Consulting was founded in 2002 and is a leading industry research and industry strategy consulting institution in China. Its main focus is on industry research, industry planning, industry investment promotion, and industry investment consulting services. The addition of CIC consultants will enhance Tiancheng Jinhui's professional consulting capabilities.