Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company reported a revenue of 148 million yuan for 2024, representing a year-on-year growth of 29.23%. However, the net profit attributable to the parent company was 42.48 million yuan, showing a decline of 1.64% year-on-year [1] - The company has optimized its business structure and is focusing on deepening its presence in the e-commerce SaaS market. The revenue from the e-commerce customer service outsourcing business surged by 1193.24% due to the acquisition of Chengdu Xiahai Amu, which has enhanced the company's capabilities in e-commerce customer service solutions [7] - The e-commerce SaaS industry is experiencing strong growth, with IDC projecting the market size to reach 16.9 billion USD by 2027, growing at a CAGR of 32.4% [7] - The company invested 28.25 million yuan in R&D during the reporting period, focusing on expanding existing product functionalities and developing new products to meet market demands [7] - The revenue forecast for 2025-2026 has been adjusted downwards due to certain growth bottlenecks in existing businesses, with net profit estimates revised to 45 million yuan and 48 million yuan respectively for those years [7] Financial Summary - Total revenue for 2023 was 114.14 million yuan, with a projected increase to 147.50 million yuan in 2024 [1] - The company's earnings per share (EPS) for 2024 is estimated at 1.07 yuan, with a projected P/E ratio of 59.16 [1] - The company’s total assets are projected to reach 440 million yuan in 2024, with total liabilities of 26 million yuan [8]

星标 ★ IPO日报 精彩文章第一时间推送 近期，杭州光云科技股份有限公司（下称"光云科技""上市公司"）（688365.SH）披露，拟以现金方式，按照收购价2亿元收购逸淘（山东）投资管 理有限公司（下称"山东逸淘"或"标的公司"）100%股权。 截至评估基准日2024年12月31日，山东逸陶所有者权益账面值170.74万元，归属于母公司的所有者权益为2018.98万元，评估值为2.03亿元，评估增值1.82 亿元，增值率903.89%。 本次交易完成后，光云科技将直接持有山东逸淘100%股权，山东逸淘将纳入上市公司合并财务报表范围。 制图：佘诗婕 上市后"业绩变脸" 官网显示，光云科技成立于2009年，是互联网SaaS模式的软件技术创新型企业。 作为中国首批电商SaaS软件运营服务商，光云科技专注于为企业提供电商运营的全链路解决方案，其于2020年4月登陆科创板，彼时被称为"A股电商SaaS 第一股"。 然而上市后，光云科技的日子似乎并不好过。 2016年，光云科技营收规模为2.62亿元。此后一路上涨，上市当年营收达到5.10亿元，在2021年继续增长至5.45亿元，相较2016年的营收规模增长率达到 10 ...