天九企服冲击港股IPO，将成“中国企业资源共享服务第一股”

Core Viewpoint - Tianjiu Shared Smart Enterprise Service Co., Ltd. is applying for a listing on the Hong Kong Stock Exchange, aiming to enhance its business acceleration ecosystem and expand its customer base [2][12]. Group 1: Company Overview - Tianjiu Shared is a leading enterprise resource sharing service platform in China and one of the earliest pioneers in the sector [3]. - The company connects innovative enterprises with traditional businesses through online and offline channels, leveraging big data and AI technology to facilitate standardized business cooperation [3][4]. - As of the last feasible date, the Tianjiu Boss Cloud platform has over 6.2 million registered users, primarily traditional enterprises undergoing critical transformation [7]. Group 2: Financial Performance - The company's revenue increased from 811 million RMB in 2022 to 1.491 billion RMB in 2023, and further to 1.772 billion RMB in 2024 [11]. - Gross profit for the years 2022, 2023, and 2024 was 226 million RMB, 630 million RMB, and 945 million RMB, respectively, with gross margins of 27.8%, 42.3%, and 53.3% [11]. - In 2023, the company turned a profit, recording a net profit of 621 million RMB, with a net profit margin of 41.7% [12]. Group 3: Market Potential - The enterprise resource sharing service industry in China is projected to grow from 12.2 billion RMB in 2020 to 32 billion RMB by 2024, with a compound annual growth rate (CAGR) of 27.3% [11]. - The market is expected to reach 84.6 billion RMB by 2029, driven by the expansion needs of numerous innovative enterprises, with a CAGR of 21.5% from 2025 to 2029 [11]. Group 4: Strategic Initiatives - The company plans to use the funds raised from the IPO to enhance its business acceleration ecosystem, strengthen marketing efforts, and expand customer coverage [12]. - Investments will also focus on improving the Tianjiu Boss Cloud platform and enhancing AI and big data analytics capabilities [12].