Core Viewpoint - The stock of Jushuitan (06687) experienced a decline of over 5% on its second day of trading after a significant increase of nearly 24% the previous day, indicating volatility in market response to its recent IPO [1] Company Overview - Jushuitan is the largest e-commerce SaaS ERP provider in China, holding a market share of 24.4% based on projected revenues for 2024, which surpasses the combined market share of the second to fifth largest competitors [1] - The total market size for the domestic e-commerce SaaS ERP sector is projected to be RMB 3.1 billion in 2024 [1] - In the domestic e-commerce operation SaaS market, Jushuitan ranks first with a market share of 8.7% based on total SaaS revenue for 2024 [1] Revenue Growth - The company has shown rapid growth in its business, with total revenue expected to reach RMB 909 million in 2024, reflecting compound annual growth rates (CAGR) of 31.9% from 2022 to 2023 and 33.6% from 2023 to 2024 [1] - The contribution of customers purchasing two or more Jushuitan products to total SaaS revenue has increased from 30.6% in 2022 to a projected 39.3% in the first half of 2025 [1]
电商SaaS ERP龙头聚水潭上市次日回落逾5% 昨日大涨近24%