大佬青睐，知名股东云集，负债高达36亿，这家公司第四次冲刺上市！

Core Viewpoint - The article discusses the recent IPO application of Jushuitan Group, a leading e-commerce SaaS provider in China, highlighting its financial performance, market position, and investor interest. Group 1: Company Overview - Jushuitan was established in 2014 and is recognized as the largest e-commerce SaaS supplier in China, with over 100 offline service points covering more than 500 towns [3] - The core product, Jushuitan ERP, offers functionalities such as order management, warehouse management, procurement management, and distribution management, making it the most popular e-commerce SaaS ERP brand in China [3] - As of 2024, Jushuitan holds a market share of 23.2% in the e-commerce SaaS ERP market, which is projected to reach 3.1 billion yuan [3][4] Group 2: Financial Performance - Jushuitan reported revenues of 523 million yuan, 697 million yuan, and 910 million yuan for the years 2022, 2023, and 2024, respectively, with a net profit of 10.58 million yuan in 2024 after three years of losses totaling over 986 million yuan [4][5] - The company achieved a gross margin of 68.5% in 2024, up from 52.3% in 2022, indicating a significant improvement in profitability [5] - The compound annual growth rate (CAGR) for total revenue and annual recurring revenue from 2022 to 2024 was 31.9% and 33.6%, respectively [5] Group 3: Investment and Shareholding - Jushuitan has undergone seven rounds of financing, raising a total of 614 million yuan, with its post-financing valuation increasing from 920 million yuan in 2018 to 6 billion yuan in 2020 [8] - Notable investors include Alibaba Group, Sequoia Capital, and various prominent individuals, with the founder holding 22.81% of the shares and controlling approximately 46.87% of the voting rights [10][11] - The company has a net debt of 3.65 billion yuan as of December 31, 2024, while holding cash and cash equivalents of 1.085 billion yuan [5]