Xiechuang Data Plans RMB 7 Billion Entrusted Wealth Management, Profit Up 247%-340%
Xiechuang Data and its subsidiaries plan to use up to RMB 7 billion of self-owned funds for entrusted wealth management, including RMB 6 billion in agreement deposits, as cash from cloud computing power services and prepayments rises. The company projects year-on-year profit growth of 247.18% to 339.76%. It also raised its cross-border RMB capital pool quota to RMB 4.7 billion. Meanwhile, A-share listed companies' wealth management market contracted sharply in 2026, with total subscriptions down 48.1% year-on-year to RMB 442.69 billion.
Xiechuang Data and its subsidiaries plan to use up to RMB 7 billion of self-owned funds for entrusted wealth management, with RMB 6 billion designated for agreement deposits. The company expects year-on-year profit growth of 247.18% to 339.76%, driven by concentrated collections from its cloud computing power services and increased prepayments, which have boosted idle funds. Separately, the company raised its cross-border RMB capital pool quota from RMB 1.8 billion to RMB 4.7 billion to support overseas operations.
Since 2026, the overall wealth management market for A-share listed companies has contracted sharply. Statistics show 685 companies subscribed to wealth management products with a total amount of approximately RMB 442.69 billion, versus 1,210 companies and RMB 852.35 billion in the same period of 2025. The subscription amount fell 48.1%, the number of participating companies dropped 43.4%, and the number of products held declined to 7,242 from 12,671.
The product structure shifted markedly. Structured deposits remained the largest category, but subscription amounts fell 52.9% to RMB 247.57 billion from RMB 525.63 billion in the 2025 period, with the share dropping from 61.7% to 55.9%. Securities company products fell 10.6% to RMB 44.785 billion, with share rising from 5.9% to 10.1%. Reverse repo products fell 25.5% to RMB 24.603 billion, with share rising from 3.9% to 5.6%. Trust products' share rose from 2.3% to 3.7%.
The downward shift in yields has weakened corporate appetite for wealth management. In Xiechuang Data's case, RMB 6 billion is designated for agreement deposits, where the basic quota earns demand deposit rates and the excess earns agreement deposit rates, typically higher than demand rates. Among tech companies, choices diverged. In the 2025 period, ZTE led with RMB 18.512 billion in structured deposits, but did not appear on the 2026 subscription list. Unigroup Guoxin, AMEC, 3PEAK, BDStar, and Huaqin Technology also did not subscribe in 2026. In contrast, Wanhua Chemical subscribed RMB 4.5 billion in structured deposits, and Anker Innovations subscribed RMB 3.407 billion, including RMB 2.182 billion in bank wealth management products and RMB 1.095 billion in structured deposits. Megmeet subscribed RMB 2.938 billion, and Wangsu Science & Technology subscribed RMB 2.876 billion, with products including securities company, bank, and trust wealth management.