这家公司三年净利9708万，账上现金不足千万

Core Viewpoint - Suishoubo Group has officially submitted its IPO application to the Hong Kong Stock Exchange, with Ping An Securities (Hong Kong) as the exclusive sponsor. The company has shown steady revenue growth, projecting revenue of 98.95 million yuan in 2024, while net profits over the past three years totaled 97.08 million yuan, despite paying out 71.2 million yuan in dividends during the same period. However, cash and cash equivalents were only 632,000 yuan at the end of 2022 [1][4][9]. Group 1 - Suishoubo is a company registered in the Cayman Islands in March 2024, with its main operating subsidiary being Guangzhou Suishoubo, established in 2017. The company focuses on providing comprehensive SaaS solutions to clients in the entertainment, social networking, and new retail sectors [3]. - The SaaS solutions include data analysis and consulting for traffic acquisition, aimed at enhancing audience engagement and brand awareness, ultimately converting viewers into subscribers or end customers [3][4]. - Revenue from the SaaS solutions primarily comes from one-time fixed fees and recurring fees based on a revenue-sharing model, typically ranging from 6% to 8% of user recharge amounts on entertainment or social networking platforms [4]. Group 2 - The revenue figures for Suishoubo during the reporting period were 45.1 million yuan, 50.67 million yuan, and 98.95 million yuan for the years 2022, 2023, and 2024, respectively. Net profits for the same years were 32.49 million yuan, 26.45 million yuan, and 38.14 million yuan, indicating an overall upward trend. The revenue for 2024 is projected to grow by 95.3% year-on-year, while net profit is expected to increase by 44.2% [4][5]. - In terms of business composition, revenue from SaaS solutions accounted for 100% of the company's income in 2022 and 2023, while in 2024, it is expected to be 63.7%, with online marketing solutions contributing 36.3% [5]. - The company's SaaS solutions cater to three key business segments: entertainment and social networking live streaming, precision marketing for B2B companies, and new retail supporting live marketing activities [6]. Group 3 - Prior to the IPO, the chairman and controlling shareholder, Kong Xiaoming, held 84.77% of the shares, indicating absolute control over the company. The company paid out a total of 71.2 million yuan in dividends over the reporting period, despite a decline in net profit in 2023 [8]. - The operating cash flow for the company was 37.01 million yuan, 39.29 million yuan, and 12.43 million yuan for the years 2022, 2023, and 2024, respectively, showing a significant decline in 2024. The decrease in working capital was attributed to an increase in trade and other receivables [9]. - The company plans to use the funds raised from the IPO to enhance its SaaS solution capabilities, expand its online marketing solutions, seek investment and acquisition opportunities, and supplement general working capital [9].