Business Context and Reporting Period
This Form 6-K filing covers the month of December 2017 for China Internet Nationwide Financial Services Inc. (CIFS), a financial advisory services company headquartered in Beijing. The filing announces a strategic partnership executed on December 26, 2017, with China Co-op Foreign Trade LLC (CCFT), a subsidiary of the All China Federation of Supply and Marketing Cooperatives.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for CIFS. The document is a press release regarding a corporate agreement rather than a financial statement. The only financial figure provided relates to the partner organization: China Co-op reported an aggregate turnover of approximately RMB 4.78 trillion in 2016.
Material Changes and Strategic Developments
- Strategic Partnership: CIFS signed an agreement with CCFT to explore cooperation in joint big data center development for agricultural industries and a settlement center supporting the One Belt One Road Initiative.
- Preferred Partner Status: CIFS was designated as a preferred partner to provide data analytics and financing advisory services to China Co-op's network of cooperatives and affiliated enterprises.
- Recent Corporate Activity: Management referenced a recent successful IPO, the launch of supply chain financing services, a FinTech initiative, and the acquisition of Anytrust Science & Technology.
Outlook, Risks, and Management Commentary
Management views the partnership as a unique opportunity to access China Co-op's vast network of hundreds of thousands of small-to-medium enterprises (SMEs). The Chairman and CEO, Jianxin Lin, expressed excitement about the potential for growth following the company's recent expansion efforts. The filing includes standard forward-looking statements cautioning that actual results may differ materially from expectations due to unknown risks and uncertainties. The company undertakes no obligation to update these statements.
Investor Verification Checklist
- Verify the specific terms and financial commitments within the strategic cooperation agreement with CCFT.
- Confirm the operational status and integration progress of the recently acquired Anytrust Science & Technology.
- Review subsequent filings for actual revenue impact from the new partnership and the supply chain financing services.
- Assess the regulatory environment for financial advisory services and big data initiatives in China.