一图解码：绿云软件赴港IPO 住宿业数字化行业领导者 客户留存率超97%

Core Viewpoint - Green Cloud Software has submitted its prospectus to the Hong Kong Stock Exchange, planning to list on the main board, with CICC as the sole sponsor [3]. Group 1: Company Overview - Green Cloud Software is a leading digital service provider for the accommodation industry in China, primarily offering digital solutions, digital marketing services, and other value-added services [3][6]. - The company is recognized as the largest PMS (Property Management System) supplier in China's accommodation digitalization industry by sales and room coverage for 2024 [7]. - Green Cloud Software is the only company among the top five digital service providers in the accommodation industry to achieve profitability every year over the past five years (2020-2024) and has the highest cumulative net profit during this period [7]. Group 2: Client Base and Market Position - As of February 13, 2026, Green Cloud Software has provided PMS to over 37,000 hotels in China, including more than half of the top 50 hotel management groups ranked by the China Hotel Association for 2024 [4][8]. - The company's solutions are also widely used in the cultural tourism sector, with clients including notable names like Songzan and Anaya [4][8]. - Green Cloud Software ranks first in the number of signed mid-to-high-end hotels in China's accommodation digitalization industry for 2024 [4]. Group 3: Financial Performance - For the nine months ending September 30, 2025, Green Cloud Software reported revenue of approximately 225 million RMB, a year-on-year increase of about 2.8%, and a net profit of approximately 34.57 million RMB, up by about 6.9% [4][9]. - The revenue from accommodation digital solutions accounted for 80.1% of total revenue for the same period [6]. - The company has maintained a high customer retention rate of 97.3% and achieved a cross-selling rate of 89.8% during the performance period [9]. Group 4: Future Plans and Use of Proceeds - Green Cloud Software plans to use the net proceeds from the IPO for enhancing R&D capabilities, expanding the sales team, strategic acquisitions, and general corporate purposes over the next five years [5].