Hithink RoyalFlush Information Network

What Hithink RoyalFlush Information Network does

Hithink RoyalFlush Information Network (浙江核新同花顺网络信息股份有限公司) is a Hangzhou-headquartered, Shenzhen ChiNext-listed (stock code 300033) financial information technology company founded in 2001. The firm operates a comprehensive multi-platform financial information and investment services ecosystem built around its flagship Tonghuashun brand, offering real-time market data, charting, news, screeners, and trading execution across A-shares, Hong Kong, US, futures, funds, and foreign exchange. The product architecture is a freemium platform-plus-modules model: a free PC/Mac/Linux/mobile client serves as the user acquisition funnel, while a stack of paid subscription products — including Level-2 order flow data, 财富先锋, 大研究, 决策先锋, 短线宝, and the institutional iFinD terminal — captures monetization, with the company's subsidiary Zhejiang Tonghuashun Cloud Software holding the CSRC investment advisory license (ZX0050). The customer base is bifurcated, with individual retail investors as the primary segment served through self-serve distribution, and institutional investors (securities firms, fund managers, financial institutions) as a secondary segment served through direct sales of iFinD and related professional tools. AI capabilities are integrated as a feature layer through the i问财 (Wen Cai) natural-language query tool and the AIME investment assistant, which allow conversational search and intelligent analysis on top of the company's proprietary market data corpus.

Revenue mechanics combine subscription fees for paid software tiers, freemium-driven user acquisition, advertising and content monetization on the 10jqka.com.cn portal, securities investment advisory fees under the ZX0050 license, and sales of professional data terminals (iFinD) to institutional buyers. The company operates wholly-owned subsidiaries covering cloud software, internet information technology, and network technology, alongside regional offices in Shanghai, Shenzhen, and Beijing, supporting both retail self-serve distribution and enterprise institutional sales. The core technology stack is a financial information technology platform that aggregates multi-asset market data and exposes it through desktop clients, mobile apps, and web interfaces, with proprietary indicators (e.g., Magic Nine Turns, super capital flow), quantitative models, and Level-2 market microstructure tools as differentiating layers.

Name

Hithink RoyalFlush Information Network

Legal name

Zhejiang Hexin Tonghuashun Network Information Co., Ltd. (浙江核新同花顺网络信息股份有限公司)

Website

https://10jqka.com.cn

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hithink RoyalFlush Information Network (Tonghuashun, szse:300033) is a Hangzhou-based, publicly listed Chinese financial information technology company that provides real-time market data, trading software, and analytics tools across a freemium platform-plus-modules product suite for individual and institutional investors.

Ownership category

akta.pro rank

Product category

Financial Information & Trading Software

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Digital Brokerage & Self-Directed Investing Platforms (FSAGAEAC)

akta.pro secondary industries

Execution-Only / Self-Directed Investing Platforms (FSAAAAAI), Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO)

Keywords

• Financial data software
• Securities trading platform
• Investment research tools
• Market data analytics
• Financial information services

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Pricing tiers

Distribution channels4 records

Marketing channels4 records

Core offering

Hithink RoyalFlush Information Network (同花顺) develops and operates a multi-platform financial information and investment services ecosystem built around its Tonghuashun trading software. The portfolio spans free retail-facing tools (Tonghuashun Free Version, Mac/Linux versions, mobile app), premium paid professional products (Tonghuashun Flagship, LEVEL-2, Wealth Vanguard, Deep Research, Decision Pioneer, Short-Term Treasure), and the iFinD institutional financial data terminal, complemented by AI-powered search (Wen Cai), futures trading, fund investment, simulated trading, and investment education platforms.

Product overview

Hithink RoyalFlush Information Network operates a comprehensive, multi-platform financial information and investment services ecosystem. The core product is the Tonghuashun (同花顺) trading software platform, available as a free version (同花顺免费版) for retail investors and as premium paid tiers (同花顺旗舰版, Level-2, 财富先锋, 大研究, 决策先锋). The product portfolio is organized as a platform-plus-modules architecture: the free PC/Mac/Linux software serves as the entry-level platform, while paid add-on modules (Level-2, 期货通, 短线宝) and specialized professional tools (iFinD, 财富先锋) provide advanced capabilities for serious and institutional investors. Mobile access is provided via 同花顺手机炒股, while complementary tools cover funds (爱基金), education (同花顺学投资), simulated trading (模拟炒股), and AI-powered conversational search (同花顺问财).

Differentiator

Problem solved

Functional benefit

Brands

• iFinD: Professional financial database and data service platform for institutional investors
• 同花顺免费版 (Tonghuashun Free Version)
• LEVEL-2
• 同花顺问财 (Tonghuashun Wencai)
• 爱基金 (iJijin)
• 期货通 (Futures Tong)
• 同花顺投资账本 (Tonghuashun Investment Account)
• 同花顺学投资 (Tonghuashun Learn Investment)

Products and services

• Tonghuashun Free Version (同花顺免费版) Free PC stock trading software providing real-time quotes, stock charting, news, and basic investment tools. It aggregates stock data from A-shares, Hong Kong stocks, US stocks, futures, and funds into a unified interface for retail investors.
• Tonghuashun Flagship Version (同花顺旗舰版) Paid one-stop data service for institutional or professional investors, offering advanced charting, proprietary indicators, and premium market data beyond the free version.
• Tonghuashun Level-2 (LEVEL-2) Premium market data service providing Level-2 order book data (10-level depth, real-time flow of funds), offering more granular market microstructure information for serious traders.
• iFinD Professional financial data and analytics terminal for institutional investors, providing comprehensive macroeconomic data, industry data, company fundamentals, and advanced analytical tools.
• Futures Tong (同花顺期货通) Dedicated futures and commodities trading and analysis platform, supporting futures contracts, commodity market data, and trading functionality with integrated charting tools.
• Mobile Stock Trading (同花顺手机炒股) Mobile app version of the Tonghuashun platform enabling investors to trade stocks, view real-time quotes, access news, and manage portfolios on iOS and Android devices.
• Ask & Finance / Wen Cai (同花顺问财) AI-powered natural language query tool that allows users to search for stocks, financial data, and investment insights using conversational queries in plain Chinese. It processes natural language and retrieves structured financial data.
• Ai Fund (爱基金) Fund investment platform enabling investors to discover, compare, and invest in mutual funds with portfolio tracking and performance analytics.
• Simulated Stock Trading (模拟炒股) Paper-trading simulator allowing users to practice stock trading with simulated capital and real market data, positioned as a domestic realistic simulation platform.
• Learn to Invest (同花顺学投资) Educational platform providing investment courses, tutorials, and training materials covering fundamental analysis, technical analysis, and investment strategy for novice to advanced investors.
• Wealth Vanguard (财富先锋) Premium paid stock trading software featuring quantitative investment models, cloud computing-powered refined market data, and advanced trading tools for experienced investors.
• Deep Research (大研究) Paid research and analysis tool providing deep market research, proprietary analytics, and investment signals for professional-grade market analysis.
• Decision Pioneer (决策先锋) Decision-support trading tool delivering real-time trading signals, quantitative models, and market decision-making assistance for active traders.
• Short-Term Treasure (短线宝) Short-term trading analysis tool focusing on short-term momentum signals and intraday trading opportunities, offered as a paid premium feature.
• Mac Version (同花顺Mac版) Native macOS version of the Tonghuashun platform tailored for Apple computer users, providing stock trading and market data functionality on Mac OS.
• Linux Version (同花顺Linux版) Linux desktop version of Tonghuashun built specifically for Linux operating system users.
• Long Voyage Version (同花顺远航版) Advanced PC version featuring super capital flow indicators and a 'Magic Nine Turns' (神奇九转) technical pattern tool for trend analysis.
• Investment Account Book (同花顺投资账本) Personal finance and investment tracking tool for managing and analyzing investment portfolios across multiple asset classes.

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• FactSet: Global institutional financial data and analytics platform serving asset managers, banks, and corporates; directly comparable to iFinD's institutional terminal value proposition.
• LSEG (Refinitiv): Global financial data and infrastructure provider (owner of Refinitiv and Workspace); competes with iFinD for institutional workflows and cross-asset data on a worldwide basis.
• TradingView: Global retail charting and social-investing platform; competes with Tonghuashun's free and paid charting/stock-analysis tools, particularly among retail traders active in cross-market (港股/美股) workflows.
• Bloomberg L.P. Global incumbent financial data and analytics terminal for institutional investors; comparable to iFinD's institutional offering in product breadth and global market coverage, though at a vastly larger scale and price point.

Direct peers

• Wind Information: China's leading institutional financial data terminal; iFinD is positioned head-to-head against Wind for securities firms, fund managers, and research institutions, making them the closest institutional-side competitor.
• Xueqiu (雪球): Social-investing platform in China combining investor community, market data, and portfolio tools; competes with Tonghuashun for retail investor mindshare, especially for research and idea-sharing use cases.
• Shanghai Compass (指南针): Listed (300803.SZ) Chinese retail financial information and trading-software provider; competes directly with Tonghuashun for retail trading-software users and paid decision-support subscriptions.
• East Money: Listed Chinese fintech (300059.SZ) that combines a brokerage license with the same financial portal, data, and retail trading-software proposition as Tonghuashun; most direct competitor and the dominant integrated broker-data platform in mainland China.

Emerging players

• JoinQuant (聚宽): China-based quantitative trading and factor-research platform with overlap in professional/quant users who also subscribe to Tonghuashun's quant and decision-support modules.

Others

• Shenzhen Securities Information Co. Official disclosure portal and information-services arm of the Shenzhen Stock Exchange; a primary upstream data and disclosure-information provider that intersects with Tonghuashun's regulated information-services ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hithink-flush-information-network-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hithink RoyalFlush Information Network