Core Insights - Tianjiu Qifu is initiating its IPO process by submitting a prospectus to the Hong Kong Stock Exchange, positioning itself as a leader in the enterprise resource sharing service sector in China [1] - The company aims to facilitate the growth of innovative enterprises while assisting traditional enterprises in their transformation, playing a crucial role in China's industrial upgrade and innovation wave [1] Company Overview - Tianjiu Qifu is recognized as the largest enterprise resource sharing service provider in China, according to a Frost & Sullivan report, based on revenue projections from 2022 to 2024 [1] - The company's business model connects innovative enterprises with traditional businesses through online and offline channels, utilizing big data and AI for standardized business cooperation [1] Platform and User Engagement - As of the last feasible date, the Tianjiu Boss Cloud platform has over 6.2 million registered users, showcasing a wide array of traditional enterprise resources [2] - In 2024, the platform is expected to host over 22,000 roadshows and achieve 500 million ad exposures, with a professional outreach team organizing over 1,200 offline events [2] Technological Advancements - Tianjiu Qifu has developed proprietary technologies, including the Tianxing Qiong vertical industry language model and AI tools, which provide core technical support for precise matching [2] - The company is the only one in the industry to have obtained national high-tech enterprise certification and completed algorithm filing [2] Financial Performance - The company has demonstrated strong growth, with revenue increasing from 810.7 million RMB in 2022 to 1.491 billion RMB in 2023, and projected to reach 1.772 billion RMB in 2024 [2] - Tianjiu Qifu achieved profitability in 2023, with profits of 621 million RMB and a net profit margin of 41.7%, expected to rise to 13.15 billion RMB and 74.2% in 2024 [2] - For the six months ending June 30, 2025, profits are projected to soar to 2.508 billion RMB, with a remarkable net profit margin of 346.1% [2] Industry Context - The enterprise resource sharing platform addresses the structural reshaping of Chinese enterprises amid digitalization, connecting innovative and traditional businesses [3] - The market size is projected to grow from 12.2 billion RMB in 2020 to 32 billion RMB in 2024, with a compound annual growth rate of 27.3%, potentially reaching 84.6 billion RMB by 2029 [3] IPO Utilization - Proceeds from the IPO will be primarily used to enhance the business acceleration ecosystem, strengthen marketing efforts, expand customer reach, upgrade the Tianjiu Boss Cloud platform and AI capabilities, pursue strategic investments and acquisitions, and supplement working capital [3] - The IPO is expected to further integrate industry resources and lead to standardized development within the sector [3]
天九企服赴港上市 以自研AI大模型赋能企业资源共享赛道
Zheng Quan Shi Bao Wang·2025-12-31 03:33