企查查IPO获受理，毛利率超90%，涉多起诉讼

Core Viewpoint - Qichacha's IPO application has been accepted by the Shanghai Stock Exchange, indicating recognition of its development and operational status, and it aims to raise approximately 1.5 billion yuan for various data product upgrades and AI research projects [1][12]. Group 1: Company Overview - Qichacha, established in 2014, has become a prominent commercial big data service provider with over 150 million registered users and over 80 million monthly active users [3][10]. - The company is led by Chairman Chen Deqiang, who holds a controlling stake of 53% in Qichacha [5][3]. Group 2: Financial Performance - Qichacha's revenue has shown stable growth, increasing from 518 million yuan in 2022 to 708 million yuan in 2024, with a compound annual growth rate of 16.89% [13]. - The net profit also grew from 160 million yuan in 2022 to 298 million yuan in 2024, with a compound annual growth rate of 35.42% [13]. - The gross profit margin has remained high, reaching 90.74% in the first half of 2025 [13]. Group 3: Product and Revenue Structure - Qichacha's revenue is primarily derived from membership products, which accounted for over 84% of its total revenue in 2024 [7][8]. - The company serves both C-end and B-end clients, with C-end revenue making up over 70% of total income [9][10]. Group 4: Compliance and Legal Risks - Qichacha faces compliance challenges, including recent penalties for violating credit business regulations and ongoing lawsuits related to data accuracy and personal information protection [15][20]. - The company has acknowledged risks associated with litigation and personal data protection, indicating potential vulnerabilities in its data processing practices [20].