Beijing Kingee Culture Development Co., Ltd.
金一文化
002721
Shenzhen Stock Exchange
Company Profile
(I) Gold & Jewelry Retail Segment 1.Strong brand support. During the reporting period, the Company’s sales revenue was mainly generated from the retail businesses under the brands “越王古法黄金” and “越王珠宝”. As a time-honored Chinese brand founded in 1901, “越王” boasts profound historical brand heritage. “越王古法黄金”, launched by the Company in 2019, holds a first-mover advantage in the ancient-style gold sector. The coordinated development of the Company’s brands has consolidated its business foundation. 2.Mature high-end channel layout. The Company has established a comprehensive sales network. Yuewang Ancient Method Gold has forged strategic cooperation with leading national high-end shopping malls including SKP and MixC. The stable and efficient layout of premium first-tier sales channels underpins future performance growth. 3.Optimized retail business integration with remarkable cost reduction and efficiency improvement. In 2025, the Company advanced the management integration of its retail segment by merging three originally regionally segmented operating entities and streamlining back-office departments. This initiative effectively controlled operational costs, accelerated business response efficiency, and strengthened vertical management. 4.Full-scale compliant operation and sophisticated management system. The Company has reinforced core management mechanisms including comprehensive budgeting, hierarchical authorization, major decision-making procedures as known as“三重一大”, and internal auditing. Supported by a seasoned core management team, skilled technical personnel and high-caliber professional talents, the Company has enhanced management standardization and operational efficiency. It maintains stringent compliance standards in finance, work safety, taxation and human resource management. Amid tightening industry regulations, its compliance edge has become increasingly prominent. (II) Software and Information Technology Service Segment The Company’s subsidiary, Beijing Kayakwise Technology Co., Ltd.as known asKayakwise, is committed to driving innovation in the financial service industry through software technology. Its core business covers wealth management, payment and clearing, and intelligent digital customer services, with outstanding core competitiveness in domestic client expansion, independent R&D and product innovation. 1. In-depth Accumulation of Long-term Client Resources As a leading provider of digital transformation technologies and products with deep expertise in wealth management, payment and clearing, Kayakwise has served the banking industry for over two decades. Recognized across the market for superior product performance and customer service, it has built a solid industry reputation. To date, its products and services have been adopted by more than 300 domestic financial institutions. Its client coverage continues to expand from 18 large state-owned and joint-stock commercial banks to over 150 city commercial banks, more than 4,000 rural commercial banks and rural credit cooperatives, as well as bank wealth management subsidiaries, securities firms, insurance companies, fund institutions and their asset management arms. Currently, its penetration rate among 18 large state-owned and joint-stock banks reaches 83%, and 70% for city commercial banks. 2. Robust Independent R&D Strength and Innovation Capabilities Focusing on the innovative development of banking businesses such as wealth management and payment & clearing, Kayakwise targets pain points in banking system operations and attaches great importance to technological research and product innovation. Through sustained independent innovation and iterative upgrading, it has developed 13 basic general technologies and industry-specific tailored technologies. During the reporting period, 100% of its revenue from software and information technology services derived from core technology-based products and services. In response to accelerated domestic substitution in the financial technology sector, Kayakwise has completed over 70 ecological adaptations of its self-developed products with domestic hardware and software systems, including Huawei, Phytium, Kylin, UOS, Dameng, Loongson, OceanBase, TDSQL and Tongyong Tech. Kayakwise holds numerous authoritative qualifications, including National High-Tech Enterprise, Zhongguancun High-Tech Enterprise, CMMI Level 5, ISO 9001 Quality Management System Certification and ISO 27001 Information Security Management System Certification. It has been accredited as an Enterprise Technology Center of Beijing by the Beijing Municipal Bureau of Economy and Information Technology and named a 2025 Beijing Core Competitiveness Software Enterprise by the Beijing Software and Information Service Industry Association. As of December 31, 2025, the company owned 25 patents, 14 registered trademarks and over 180 computer software copyrights, with a workforce of more than 1,700 interdisciplinary talents specializing in IT and finance. Kayakwise encourages R&D teams to pursue product development and technological innovation, and retains core technical and R&D talents through institutional guarantees and market-competitive compensation packages. 3. Empowerment through State-owned Capital Resource Allocation and Industrial Synergy The software and information technology service industry ranks first among key industries in Haidian District, Beijing, which is striving to build a globally influential artificial intelligence hub. Kayakwise has established cooperation with leading enterprises such as Alibaba Tongyi, DeepSeek, DeepThink and Lanzhou Tech. Moving forward, leveraging the long-term strategic layout of Haidian District’s state-owned capital in the software and information sector, the Company will continuously fuel overall business growth through extensive industrial resource collaboration in information technology. In line with its future development strategy for software and information technology services, Kayakwise will focus on innovative breakthroughs in wealth management, payment and clearing to facilitate the intelligent transformation of the financial industry. It will deeply integrate AI and large model technologies into core scenarios including wealth management, payment & clearing, marketing services, customer operation and risk control, delivering customized intelligent financial solutions for the industry. The company will prioritize the development of vertical domain intelligent agents such as intelligent assistants for financial planners and customer managers, while advancing the development of automated tools for code generation, intelligent customer service and data analysis. By adopting AI technologies, it will reduce labor costs in traditional software development and improve per capita efficiency. Furthermore, it will deepen cooperation with ecological partners to launch integrated multi-scenario large model solutions and deliver full-stack integrated software and hardware services for large model applications.
Full description
During the reporting period, the Company’s core businesses cover two major segments: gold and jewelry retail, as well as software and information technology services. (I) Gold and Jewelry Retail Business The Company is committed to providing consumers with exquisitely crafted, well-designed and cost-effective gold and jewelry products that integrate aesthetic appreciation and cultural value. As a member of the China Gold Association, the Company enjoys high visibility in the industry. It mainly operates the brands of “越王珠宝” and “越王古法黄金”, adopting a fully direct-operated store retail model. With in-depth cultivation in the gold and jewelry retail sector, the Company focuses on the mid-to-high-end consumer market, builds a competitive gold and jewelry retail brand, and ensures the stable and efficient operation of its business. Leveraging industrial resources, the Company prioritizes suppliers with complete qualifications and sound reputation, as well as member institutions of the Shanghai Gold Exchange. Gold raw materials are procured through spot trading and outsourced processing. Its product portfolio covers gold ornaments, precious metal investment products, diamond, jadeite and other jewelry categories. The Company conducts strict reviews on the craftsmanship, quality and inspection certificates of finished products to ensure compliance with national relevant standards and the Company’s brand positioning. (II) Software and Information Technology Services Business During the reporting period, the Company acquired equity interests through cash payment and accepted voting right entrustment, collectively controlling 57.48% of the voting rights of Beijing Kayakwise Technology Co., Ltd.. Accordingly, Beijing Kayakwise Technology Co., Ltd. became a holding subsidiary of the Company and was included in the consolidated financial statements. As a provider of digital transformation technologies and products,Beijing Kayakwise Technology Co., Ltd. primarily serves financial institutions such as banks, offering software development, technical operation and maintenance, and consulting services in fields including wealth management and financial markets, payment and clearing, and intelligent digital customer services.