Jinshan Software (03888) is expected to obtain a share of joint ventures and associated companies' profit before tax in the first nine months, turning a year-on-year loss into a profit of $1.3 billion to $1.5 billion

Zhitong Finance App News, Jinshan Software (03888) issued an announcement regarding the Group's investments in Beijing Shunjin Shunying Enterprise Management Partnership (Limited Partnership) (Beijing Shunjin) and Shenzhen Shunying Private Equity Investment Fund Partnership (Limited Partnership) (Shenzhen Shunying, collectively known as such funds with Beijing Shunjin) for the three months ending September 30, 2026. For the nine months ended September 30, 2026, the Group's projected share of the pre-tax profit of joint ventures and associated companies ranged from RMB1.3 billion to RMB1.5 billion for the nine months ended September 30, 2026. For the 3 months and 9 months ended September 30, 2025, the Group obtained shares of the joint venture company and the associated company's losses before tax of RMB3.4 million and RMB11.2 million, respectively, for these fund investments.

For the three months ended September 30, 2026, the above share of the losses of joint ventures and associated companies was mainly due to the fall in share prices of listed technology companies for part of the holdings of these funds during the quarter, which adversely affected the fair value and valuation level of related investments held by such funds. Beijing Shunjin and Shenzhen Shunying are mainly engaged in investment business. The valuations of the relevant investee companies are affected by multiple factors such as the macroeconomic environment, capital market conditions, industry cycle, and the company's own business conditions. Therefore, the Group's profit and loss from joint ventures and joint ventures may fluctuate during different reporting periods.