Core Viewpoint - Nanjing Qingtian is a leading cross-border enterprise digital service provider in China, focusing on providing multi-dimensional digital solutions for cross-border enterprises engaged in import and export trade [1][3]. Group 1: Financial Performance - In the first half of 2025, Nanjing Qingtian reported a net profit of 7.219 million yuan, a significant decline of 74.9% year-on-year [2][3]. - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 was 120 million yuan, 161 million yuan, 171 million yuan, and 63.82 million yuan, respectively [3]. - The net profit figures for the same periods were 55.272 million yuan, 153 million yuan, 47.598 million yuan, and 7.219 million yuan [3]. Group 2: Market Presence and User Base - Since its establishment, Nanjing Qingtian has reached nearly 420,000 foreign trade export enterprises and cross-border e-commerce companies, serving approximately 160,000 users with over 2 million service instances [3]. - As of the end of 2024, the company had over 60,000 active users, with around 27,000 being paying customers [3]. - The company's market penetration rate was approximately 10% as of December 31, 2024 [3]. Group 3: Product and Revenue Breakdown - Nanjing Qingtian's cross-border enterprise intelligent financial and tax solutions generated revenues of 102 million yuan, 130 million yuan, 135 million yuan, and 56 million yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [3]. - These solutions accounted for 85.2%, 80.7%, 78.9%, and 87.5% of total revenue during the same periods [3]. Group 4: IPO and Fund Utilization - The funds raised from the IPO will primarily be used for product research and development, market expansion, and supplementing working capital [4]. - A portion of the funds will also be allocated for upgrading core technologies and existing infrastructure to drive product innovation, as well as for strategic investments and acquisitions [4].

Core Viewpoint - Nanjing Qingtian Quansuitong Information Technology Co., Ltd. (Qingtian Quansuitong) has submitted its listing application to the Hong Kong Stock Exchange, aiming to capitalize on its leading position in the cross-border enterprise digital solutions market in China [1][4]. Group 1: Company Overview - Qingtian Quansuitong is a leading provider of digital solutions for cross-border enterprises engaged in import and export trade, having served approximately 160,000 users and completed over 2 million service instances since its establishment in 2012 [4]. - The company has reached nearly 420,000 foreign trade export enterprises and cross-border e-commerce businesses, with a market penetration rate of about 10% as of December 31, 2024 [4]. Group 2: Market Position - According to Frost & Sullivan data, Qingtian Quansuitong ranks first in the Chinese cross-border enterprise intelligent tax solutions market with a market share of 1.7% and second in the cross-border enterprise financial and tax digital solutions market with a market share of 1.2% for 2024 [1][4]. Group 3: Financial Performance - The company's revenue increased from 119.58 million RMB in 2022 to 161.08 million RMB in 2023, and is projected to reach 171.38 million RMB in 2024 [5][7]. - Gross profit for the years 2022, 2023, and 2024 was 99.91 million RMB, 133.69 million RMB, and 120.02 million RMB, respectively, with a decline in gross margin from 83.0% in 2023 to 70.0% in 2024 due to rising system integration costs [6][7]. - For the six months ending June 30, 2025, the company recorded a revenue of 63.82 million RMB [7].

Core Viewpoint - Nanjing Qingtian Quansuitong Information Technology Co., Ltd. (Qingtian Quansuitong) has submitted its listing application to the Hong Kong Stock Exchange, aiming to capitalize on its leading position in the cross-border enterprise digital solutions market in China [1][4]. Company Overview - Qingtian Quansuitong is a leading provider of digital solutions for cross-border enterprises engaged in import and export trade, having served nearly 420,000 foreign trade export and cross-border e-commerce enterprises since its establishment in 2012 [4]. - The company has approximately 160,000 users and has conducted over 2 million service instances, establishing itself as a top player in the cross-border enterprise digital solutions sector based on its customer base [4]. - As of 2024, Qingtian Quansuitong has over 60,000 active users, with around 27,000 being paying customers, indicating a high customer retention and repurchase rate [4]. Market Position - In 2024, Qingtian Quansuitong ranks first in the cross-border enterprise intelligent tax solutions market in China with a market share of 1.7%, and second in the cross-border enterprise financial and tax digital solutions market with a market share of 1.2% [1][4]. - The company's market penetration rate is approximately 10% as of December 31, 2024, with significant coverage in key regions such as the Yangtze River Delta, which hosts over 280,000 cross-border enterprises in China [4]. Financial Performance - Qingtian Quansuitong's revenue increased from 119.58 million RMB in 2022 to 161.08 million RMB in 2023, and is projected to reach 171.38 million RMB in 2024 [5][7]. - The gross profit for the years 2022, 2023, and 2024 was 99.91 million RMB, 133.69 million RMB, and 120.02 million RMB respectively, with a decline in gross margin from 83.0% in 2023 to 70.0% in 2024 due to increased system integration costs [6][7]. - The company recorded a profit before tax of 58.17 million RMB in 2022, which increased to 158.21 million RMB in 2023, but dropped to 51.09 million RMB in 2024 [7].

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 QST Information Technology Limited 南京擎天全稅通信息科技股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）╱證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資訊並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣 下知悉、接納並向本公司、本公司的聯席保薦人、保薦人兼整體協調人、整體協調人、顧問或承銷團成員 表示同意： 倘於適當時候向香港公眾人士提出要約或邀請，準投資者務請僅依據經香港公司註冊處處長登記的本公司 招股說明書作出投資決定；有關文本將於發售期內向公眾人士派發。 (a) 本文件僅為向香港公眾人士提供有關本公司的資料，概無任何其他目的；投資者不應根據本文件中 的資料作出任何投資決定； (b) ...