Core Viewpoint - Beijing Yuxin Technology Group Co., Ltd. (Yuxin Technology) has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International and BNP Paribas as joint sponsors [1] Company Overview - Yuxin Technology is a financial technology solution provider operating in both domestic and overseas markets, offering full-stack technology solutions focused on products for a wide range of financial institutions [4] - The company's main business segments include banking technology solutions, non-banking technology solutions, and innovative operational services, with a 100% penetration rate among central banks, policy banks, state-owned banks, and joint-stock commercial banks in China [4] Market Position - According to a report by Zhaoshang Consulting, Yuxin Technology ranked first in the banking financial technology solutions market among Chinese listed companies for three consecutive years, holding the largest market share [4] - In 2023, Yuxin Technology ranked first in the customer relationship management solutions market with a market share of 12.0%, and in the business intelligence solutions market with a market share of approximately 10.0% [4] - The company also ranked first in several other IT solution markets in 2023, including: - Management and regulatory IT solutions with a market share of 7.9% [5] - Online banking solutions with a market share of 35.7% [5] - Internet loan solutions with a market share of 21.7% [5] - Credit management system solutions with a market share of approximately 14.7% [5] Financial Performance - Yuxin Technology's revenue for the fiscal years 2022, 2023, and 2024 was approximately CNY 4.281 billion, CNY 5.199 billion, and CNY 3.954 billion, respectively [7] - The net profit for the same periods was approximately CNY 253 million, CNY 330 million, and CNY 384 million, respectively [7] - Detailed financial data for the years ending December 31 includes: - Gross profit for 2022, 2023, and 2024 was approximately CNY 1.119 billion, CNY 1.335 billion, and CNY 1.140 billion, respectively [8] - Operating profit for the same years was approximately CNY 263 million, CNY 310 million, and CNY 341 million, respectively [8]
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