Yonyou(SH:600588) Sou Hu Cai Jing·2025-04-23 08:28Group 1 - Company is planning to issue overseas H-shares and list on the Hong Kong Stock Exchange to advance its globalization 2.0 strategy and enhance international capital connectivity [1] - The H-share listing will not change the company's controlling shareholder or actual controller [1] Group 2 - In 2024, the company reported revenue of 9.153 billion yuan, with cloud service revenue at 6.85 billion yuan [3] - Company is the only Asia-Pacific vendor in the global top 10 ERP SaaS market, leading the Chinese enterprise cloud service market with the highest market share in aPaaS and the ultra-large enterprise SaaS market [3] - Despite a 3.4% decline in cloud service revenue, overseas business grew over 50%, with new subsidiaries established in Vietnam, Japan, Mexico, Germany, and the UAE [3] - The company has delivered services to over 1,300 overseas large and medium-sized enterprise clients, with 60% being local overseas clients and 40% being Chinese enterprises going abroad [3] - The founder has resumed operational control to accelerate the globalization strategy, with the company currently operating in over 40 countries and regions [3] - Analysts suggest that the H-share listing may provide additional funding for the company's expansion efforts [3]