【北交所IPO】银行IT前10强赞同科技IPO：技术筑基，细分市场地位持续领跑

Core Viewpoint - Zandong Technology Co., Ltd. has received the first round of review inquiry letter from the Beijing Stock Exchange, marking a significant step in its IPO process, which is now entering a substantive advancement phase [1] Company Overview - Founded in 1997, Zandong Technology focuses on the digital transformation needs of financial institutions, aiming to promote independent innovation in financial software [2] - The company has developed a comprehensive solution system covering channels, business, and management, with software development and services accounting for over 90% of its revenue [2] Technological Development - Zandong Technology has built two core software platforms, AFA and AB, which have been upgraded to AFA6 and ABX5 versions, respectively, and continue to evolve [4] - The company has established a strong customer base, with AFA5 and AB5 implemented in over 60 banks, creating replicable industry solution benchmarks [4] Market Position - According to the 2023 China Banking IT Solutions Market Share Analysis Report by CCID Consulting, Zandong Technology holds a market share of 1.93%, ranking 10th overall [5] - The company leads the market in smart branch solutions with a 30.11% market share, and ranks third in intermediate business solutions and fourth in payment clearing system solutions [6][7] Competitive Advantages - Zandong Technology has a robust intellectual property system with 680 software copyrights and 36 patents, including 26 invention patents [8] - The company has achieved multiple certifications, including CMMI Level 5 and ISO9001:2015, ensuring advanced and secure software services [8] Talent and Team - The company employs 4,534 staff, with 94.75% being technical personnel, and the core team has an average industry experience of over 15 years [9] - This combination of experienced management and a youthful technical team supports ongoing innovation and stability in project delivery [9] Industry Context - The Chinese banking industry is undergoing a critical digital transformation, with IT investment expected to grow from 270.71 billion yuan in 2023 to 353.31 billion yuan by 2028, at a compound annual growth rate of 5.44% [11] - Zandong Technology serves a wide range of clients, including policy banks, state-owned banks, and over 200 regional financial institutions, providing a stable revenue source and facilitating the optimization of its software platforms [11] Future Outlook - As the trend of financial disintermediation and interest rate liberalization continues, the demand for technology investment from commercial banks is expected to grow [12] - Zandong Technology is positioned to leverage its advantages in the capital market to further assist financial institutions in their digital transformation journey [12]