TacticScaleWhat Hithink RoyalFlush Information Network (同花顺) Does & How It Makes Money (300033.SZ)
Updated October 2026 · reflects Hithink RoyalFlush Information Network's latest reported financials
Chinese online financial data, trading software and AI investment platform. It earns money from paid value-added subscriptions to financial information, from selling and maintaining trading software and systems for brokers and other institutions, and from advertising and internet promotion.
How Hithink RoyalFlush Information Network makes money
It earns money from paid value-added subscriptions to financial information, from selling and maintaining trading software and systems for brokers and other institutions, and from advertising and internet promotion. It also collects fees on fund sales and other trading services.
What Hithink RoyalFlush Information Network does
Hithink RoyalFlush Information Network, founded in 1995 and based in Hangzhou, is a Chinese provider of internet financial information services. It reports four segments: value-added telecommunications services, software sales and maintenance, advertising and internet business promotion, and fund agent sales and other trading services. Its customers include individual investors, securities firms, fund companies, banks, insurers, government departments, research institutions and listed companies. The company's products include online trading software, financial data and news, investment analysis tools, AI application products, data terminals, investment research and decision support systems, and online securities trading systems for brokers. It also runs fund consignment, private equity fund management, insurance brokerage, investment consulting and corporate credit reporting businesses, as well as a medical device operations business.
Products & services
- Online securities trading software and systems
- AI-powered financial information services
- Financial data terminals and interface services
- Advertising and internet business promotion
- Fund distribution and wealth management product trading
- Investment research and decision support systems
同花顺是做什么的？
同花顺（浙江核新同花顺网络信息股份有限公司）成立于1995年，总部位于杭州，是中国的互联网金融信息服务商。公司业务分为四个板块：增值电信服务、软件销售及维护、广告及互联网业务推广服务，以及基金代销及其他交易服务。客户包括个人投资者、证券公司、基金公司、银行、保险机构、政府部门、研究机构和上市公司。 公司提供网上交易软件、金融数据与财经资讯、投资理财分析工具、AI应用产品、数据终端，以及投研支持和决策支持系统，并为券商提供网上证券交易系统。公司还经营基金代销、私募基金管理、保险经纪、投资咨询和企业征信等业务，另有医疗器械经营业务。
What is Hithink RoyalFlush Information Network worth?
On an owner-earnings DCF, Hithink RoyalFlush Information Network's most-likely value is about ¥341 versus a recent price near ¥200 (41% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥75) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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