Business Context and Reporting Period
This Form 6-K filing covers the month of January 2018 for China Internet Nationwide Financial Services Inc. (CIFS), a foreign private issuer headquartered in Beijing, China. The company provides financial advisory services to small-to-medium enterprises and operates a wholly-owned subsidiary, Beijing Anytrust Science & Technology Co., Ltd. (Anytrust), which focuses on data infrastructure and analytics.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report regarding a specific business development and does not contain financial statements or quantitative performance data.
Material Changes and Business Developments
- Strategic Agreement: Anytrust signed a cooperation agreement with Zhonghuhang (Beijing) Information Technology Co., Ltd. (ZHH) to develop an Overseas Student Registration System for the "Convey Project."
- Project Scope: The Convey Project is a national-level public welfare initiative jointly launched by the China Children and Teenagers' Fund (CCTF) and ZHH to assist Chinese students studying abroad with education, safety, housing, medical, and legal needs.
- Role Definition: Anytrust is designated as the exclusive developer responsible for the design, development, testing, implementation, and maintenance of the registration platform.
- Future Collaboration: The parties agreed to jointly develop new products and services utilizing big data, artificial intelligence, and blockchain technologies related to the project.
Management Commentary and Outlook
Jianxin Lin, Chairman and CEO, stated that the agreement marks the first major business development contract for Anytrust following the public beta release of "AnyInfo," a vertical search engine and big data platform. Management views the Convey Project as a significant public welfare initiative benefiting millions of students. The filing includes standard forward-looking statements cautioning that actual results may differ materially from expectations due to various risks and uncertainties.
Investor Verification Checklist
- Verify the financial terms and revenue recognition timeline of the agreement with ZHH, as no specific contract value is disclosed.
- Confirm the operational status and commercial viability of the "AnyInfo" platform mentioned as a precursor to this contract.
- Assess the regulatory environment for the Convey Project and the involvement of the China Children and Teenagers' Fund.
- Review subsequent filings for updates on the development progress of the Overseas Student Registration System.