这家公司三年净利9708万，账上现金不足千万

Core Viewpoint - Suishoubo Group has submitted its IPO application to the Hong Kong Stock Exchange, with Ping An Securities as the exclusive sponsor. The company has shown steady revenue growth, reaching 98.95 million yuan in 2024, while its net profit over the past three years totaled 97.08 million yuan, despite paying out 71.2 million yuan in dividends during the same period. By the end of 2022, the company's cash and cash equivalents were only 632,000 yuan [1][5]. Revenue Growth - Suishoubo, registered in the Cayman Islands in March 2024, operates primarily through its subsidiary, Guangzhou Suishoubo, established in 2017. The company focuses on providing comprehensive SaaS solutions to clients in the entertainment, social networking, precision marketing, and new retail sectors. Its SaaS solutions include data analysis and consulting for traffic acquisition, aimed at enhancing audience engagement and brand awareness [2][3]. Business Composition - The revenue from Suishoubo's SaaS solutions constitutes the majority of the company's income. In 2022 and 2023, SaaS solutions accounted for 100% of the revenue, while in 2024, this segment generated 63.07 million yuan, representing 63.7% of total revenue. Online marketing solutions contributed 35.88 million yuan, making up 36.3% of the total [4]. Financial Performance - During the reporting period, Suishoubo's revenue from SaaS solutions primarily came from one-time fixed fees and recurring fees based on a revenue-sharing model, typically ranging from 6% to 8%. The company's revenue for 2022, 2023, and 2024 was 45.1 million yuan, 50.67 million yuan, and 98.95 million yuan, respectively, with net profits of 32.49 million yuan, 26.45 million yuan, and 38.14 million yuan, indicating a consistent upward trend [3][4]. Dividend Payments - Over the reporting period, Suishoubo's subsidiary, Guangzhou Suishoubo, paid dividends totaling approximately 71.2 million yuan, despite a decline in net profit in 2023 and no dividends being paid that year. The majority shareholder, Kong Xiaoming, holds 84.77% of the company's shares, giving him absolute control [5]. Cash Flow and IPO Plans - The company's operating cash flow showed a significant decline in 2024, with net cash flow of 12.43 million yuan, down from previous years. The decline was attributed to an increase in trade and other receivables. The cash and cash equivalents at the end of the reporting period were 632,000 yuan, 1.901 million yuan, and 988,400 yuan, respectively. The IPO aims to raise funds to enhance the company's SaaS capabilities, expand online marketing solutions, and seek investment and acquisition opportunities [6].