Workflow
AI驱动通信服务
icon
Search documents
讯众通信港股上市募4亿港元首日盘中破发 去年净利降
Sou Hu Cai Jing· 2025-07-09 09:05
Core Viewpoint - Xunzhong Communication Technology Co., Ltd. (讯众通信) was listed on the Hong Kong Stock Exchange, with its share price fluctuating significantly on the first day of trading, indicating market volatility and investor sentiment towards the company [1][4]. Share Issuance and Financials - The total number of shares issued globally was 30,440,000, with 3,044,000 shares available for public offering in Hong Kong and 27,396,000 shares for international offering [2]. - The final offering price was set at 13.55 HKD, raising a total of 412.5 million HKD, with a net amount of 367.5 million HKD after deducting estimated listing expenses of 45 million HKD [4][5]. - The company plans to allocate approximately 45.4% of the net proceeds for continuous improvement and development of services and solutions, 15.6% for expanding sales channels, 16.2% for acquisitions in China, 12.8% for repaying outstanding loans, and 10.0% for working capital and other general corporate purposes [5][6]. Financial Performance - Xunzhong Communication's revenue for 2022, 2023, and 2024 was 810 million RMB, 916 million RMB, and 918 million RMB respectively, with net profits of 74.66 million RMB, 76.58 million RMB, and 50.64 million RMB, indicating a significant profit decline of 33.9% in 2024 [7][8]. - The company experienced net cash outflows from operating activities of 117 million RMB, 56.21 million RMB, and 114 million RMB for the years 2022, 2023, and 2024 respectively [9][10]. Investor Information - The cornerstone investor for Xunzhong Communication is Tongzhou International Development Co., Ltd., which is a wholly-owned subsidiary of Beijing Tongzhou Development Group Co., Ltd. [6].
新股消息 | 讯众股份通过港交所聆讯 2024年毛利率小幅改善
智通财经网· 2025-06-22 00:42
Core Insights - Xunzhong Co., Ltd. is the third-largest cloud communication service provider in China, with a market share of 1.8% based on 2024 revenue [4] - The company is one of the earliest providers of cloud communication services in China and among the few offering AI-driven communication services [4] - The core business of the company is Communication Platform as a Service (CPaaS), which accounted for over 80% of its revenue during the historical period [4] Industry Overview - The total revenue of China's cloud communication service market is projected to reach RMB 50.3 billion in 2024, with CPaaS services contributing RMB 44.8 billion and contact center SaaS services RMB 5.5 billion [4] - From 2020 to 2024, the total revenue of the cloud communication service market in China is expected to grow from RMB 35.5 billion to RMB 50.3 billion, representing a compound annual growth rate (CAGR) of 9.1% [4] - The market is anticipated to reach RMB 74.5 billion by 2029, with a CAGR of 8.2% from 2024 to 2029 [4] Financial Performance - Revenue for Xunzhong Co., Ltd. for the years 2022, 2023, and 2024 is approximately RMB 810 million, RMB 916 million, and RMB 918 million respectively [5][8] - Net profit for the same years is reported as RMB 74.66 million, RMB 76.58 million, and RMB 50.64 million respectively [5][8] - The overall gross margin decreased from 24.1% in 2022 to 21.4% in 2023, primarily due to a significant increase in lower-margin messaging service revenue [8] - The gross margin is expected to slightly increase to 22.1% in 2024, driven by a stable revenue structure and higher margins in most business segments [8] Segment Performance - The gross margin for cloud communication services was 25.9% in 2022, 21.7% in 2023, and is projected to be 22.2% in 2024 [9] - The gross margin for CPaaS services was 22.6% in 2022, 18.3% in 2023, and is expected to be 18.9% in 2024 [9] - The gross margin for project-based communication solutions increased from 54.9% in 2022 to 61.3% in 2023, and is projected to reach 64.9% in 2024 [9]
新股消息 | 讯众股份再次递表港交所 为中国最早云通信服务提供商之一
智通财经网· 2025-05-01 01:15
Core Viewpoint - Beijing Xunzhong Communication Technology Co., Ltd. has submitted a new listing application to the Hong Kong Stock Exchange, with DBS Bank as the sole sponsor, after a previous application in July 2024 [1]. Company Overview - Xunzhong is the largest full-stack cloud communication service provider in China by revenue in 2023, holding a market share of 1.8% of the total revenue in the Chinese cloud communication service market [5]. - The company is one of the earliest providers of cloud communication services in China and is among the few that can offer AI-driven communication services [5]. Business Model - The core of Xunzhong's business is Communication Platform as a Service (CPaaS), which accounted for over 80% of its revenue during the historical record period [5]. - Major clients include technology service providers, software and IT companies, financial institutions, and a telecommunications operator, with significant revenue also coming from government entities and state-owned enterprises [5]. Financial Performance - Revenue figures for Xunzhong in 2022, 2023, and 2024 were approximately RMB 810 million, RMB 916 million, and RMB 918 million, respectively [5]. - Net profits for the same years were RMB 74.66 million, RMB 76.58 million, and RMB 50.64 million [5]. - Revenue from the top five clients accounted for approximately 41.8%, 36.7%, and 35.3% of total revenue in 2022, 2023, and 2024, respectively, with the largest client contributing about 12.3%, 9.7%, and 11.4% in the same years [5].