Core Viewpoint - Yonyou Network (600588.SH), a leading enterprise software company, announced plans to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange, with discussions ongoing with relevant intermediaries regarding the specifics of the listing [6][8]. Company Overview - Founded in 1988, Yonyou focuses on the application and service of information technology in enterprises and public organizations [6]. - Yonyou is recognized as the only Asia-Pacific vendor in the global ERP SaaS market's top 10 and the only Chinese vendor in the global high productivity aPaaS market's top 10, according to Gartner [6]. - IDC data shows Yonyou leads the Chinese enterprise cloud service market, holding the top market share in both the aPaaS and enterprise application SaaS markets [6]. Financial Performance - For the fiscal year 2024, Yonyou reported a revenue of 9.15 billion, a decrease of 6.57% compared to 2023 [10]. - The company incurred a net loss of 2.06 billion, which is a significant increase in losses compared to the previous year [10][11]. - The total liabilities as of December 31, 2024, amounted to 14.36 billion, with current liabilities at 12.37 billion [8]. Key Management - CFO Wu Zhengping has been with Yonyou since 1992 and currently holds 1,867,450 shares, valued at approximately 25.92 million based on the stock price of 13.88 per share as of April 23 [6][9]. - Wu's total compensation for the year was 2.05 million [9]. Employee Structure - As of the end of 2024, Yonyou had a total of 21,283 employees, a reduction of 3,666 from the previous year [11][12]. - The workforce includes 7,337 technical staff and 3,576 sales personnel, reflecting a diverse skill set within the company [12].