Company Overview - SATP Holding Inc. (referred to as "慧算账") submitted its Hong Kong IPO application on March 7, which became invalid after six months on September 7, with CITIC Securities as its sole sponsor [1] - As a bookkeeping and tax agency, the company primarily serves small and micro enterprises with SaaS-based solutions, providing professional support from tax experts when manual intervention is needed [2] Market Position - In 2024, the company achieved an 80.0% customer retention rate, surpassing the industry average, due to its commitment to long-term relationships with small and micro enterprise clients and its brand recognition in the industry [2] - According to Frost & Sullivan, the company was the largest provider of financial and tax solutions for small and micro enterprises in China by total revenue from 2021 to 2023 [2] - The market in which the company operates is highly fragmented and still in the early stages of digitalization, with a market share of 0.5% in 2023 based on revenue [2]
慧算账港股IPO招股书失效
Zhi Tong Cai Jing·2025-09-07 23:49