Core Viewpoint - Qichacha Technology Co., Ltd. has submitted its prospectus to go public on the A-share main board, marking the first data service provider accepted by the Shanghai Stock Exchange following the release of the "Data Element × Three-Year Action Plan (2024-2026)" by 17 government departments, indicating strong market recognition and support for data service providers and third-party professional service institutions [1] Group 1: Company Overview - Founded in 2014, Qichacha is a comprehensive commercial big data service provider focused on data collection, cleaning, mining, analysis, and application across various sectors [1] - As of June 2025, Qichacha has over 150 million registered users and more than 80 million monthly active users [1][3] - The company has established a one-stop enterprise credit information big data service platform, recognized as a model project for public service digitalization by the Ministry of Industry and Information Technology [3] Group 2: Market Context - The inclusion of "data" as a production factor by the Fourth Plenary Session of the 19th Central Committee in 2019 and subsequent policies emphasize the importance of data in the digital economy [2] - The "Data Element × Three-Year Action Plan (2024-2026)" aims to encourage social capital investment in the data industry and support data companies in going public [2] Group 3: Financial Performance - Qichacha's revenue figures show stable growth, with revenues of 518.48 million yuan, 618.29 million yuan, 708.41 million yuan, and 375.41 million yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [3] - The company has established partnerships with major clients, including five state-owned banks, twelve joint-stock commercial banks, over 80 insurance companies, and more than 200 law firms [3] Group 4: Future Plans - The funds raised from the IPO will be invested in enhancing the company's data middle platform capabilities and artificial intelligence technology, aiming to strengthen technical barriers and improve product offerings for both C-end and B-end users [4] - Qichacha aims to leverage big data technology to serve more sectors of the real economy, promoting the digitalization of industries and the development of the digital economy [4]

Core Viewpoint - The company Qichacha Technology Co., Ltd. has submitted its IPO application to the Shanghai Stock Exchange, aiming to raise 1.5 billion yuan for the development of artificial intelligence and big data products [2][6]. Company Overview - Qichacha is a leading enterprise in the field of credit information and commercial big data services in China, established in 2014, focusing on data collection, cleaning, mining, analysis, and application across various sectors [2][3]. - The company has developed a one-stop enterprise credit information big data service platform, recognized as a demonstration project by the Ministry of Industry and Information Technology for 2023 [3]. User Base and Product Offerings - As of June 2025, Qichacha is projected to have over 150 million registered users and more than 80 million monthly active users [3]. - The company offers various data products for both C-end (consumer) and B-end (business) users, covering areas such as commercial transactions, risk management, financial services, and legal affairs [3]. Market Position - Qichacha ranks second in market share and mobile active user numbers among general commercial big data service providers in China, with the highest download volume in mobile app stores [4]. - The company has established partnerships with major clients, including five state-owned banks, twelve joint-stock commercial banks, over 80 insurance companies, and more than 200 law firms [3]. Financial Performance - Qichacha's revenue for 2022, 2023, 2024, and the first half of 2025 is reported as 518 million yuan, 618 million yuan, 708 million yuan, and 375 million yuan respectively, with a compound annual growth rate of 16.89% [5]. - The net profit attributable to the parent company for the same periods is 190 million yuan, 259 million yuan, 317 million yuan, and 172 million yuan, reflecting a compound annual growth rate of 35.42% [5]. Use of IPO Proceeds - The 1.5 billion yuan raised from the IPO will be allocated to AI and big data product development, with specific amounts designated for various projects, including 503 million yuan for AI research and 458 million yuan for C-end product upgrades [6]. - The funding aims to enhance the performance of both C-end and B-end products, improve technological barriers, and expand market share [6].

Core Viewpoint - Qichacha Technology Co., Ltd. has been accepted for an IPO on the Shanghai Stock Exchange, aiming to raise 1.5 billion yuan, marking it as the first data service provider to be accepted following the release of the "Data Element × Three-Year Action Plan (2024-2026)" by the National Data Bureau and 17 other departments [1][2] Group 1: Company Overview - Founded in 2014, Qichacha is a professional commercial big data service provider focused on data collection, cleaning, mining, analysis, and application across various sectors [1] - The company offers a range of products including the Qichacha app, mini-programs, and web services for C-end users, as well as professional versions and data interfaces for B-end users [1] - As of June 2025, Qichacha has over 150 million registered users and more than 80 million monthly active users [1] Group 2: Business Performance - Qichacha has shown stable growth in various data metrics, with average monthly active users exceeding 80 million [2] - By mid-2025, Qichacha has established partnerships with major clients across various industries, including five major state-owned banks, twelve joint-stock commercial banks, over 80 insurance companies, more than 50 securities firms, and hundreds of law firms and Fortune 500 companies [2] - The company's revenue for 2023 and the first half of 2025 was 618 million yuan, 708 million yuan, and 375 million yuan, with net profits of 259 million yuan, 317 million yuan, and 172 million yuan, indicating stable growth in operational performance [3] Group 3: Market Context - The listing of data-related companies has been a focal point for the capital market, with government initiatives encouraging social capital investment in the data industry [2][3] - Recent government documents have emphasized the importance of a market-oriented allocation system for production factors, particularly focusing on data as a core production element in the digital economy [3] - The "Data Element × Three-Year Action Plan (2024-2026)" aims to support the development of the data industry by guiding and encouraging various social capital investments [2][3] Group 4: IPO Objectives - Qichacha plans to use the 1.5 billion yuan raised from the IPO to enhance its core business through investments in equipment, professional talent, and cloud resources [3] - The company aims to strengthen its data middle platform capabilities and artificial intelligence technology, thereby enhancing its product offerings for both C-end and B-end users and expanding its market share and influence [3]

Core Viewpoint - Qichacha Technology Co., Ltd. has submitted its prospectus to the Shanghai Stock Exchange, aiming to list on the main board, marking it as the first data service provider to be accepted for listing on the exchange [1] Company Overview - Qichacha offers a range of data products including the Qichacha APP, mini-programs, and web-based services targeting C-end users, as well as professional versions and data interfaces for B-end users [1] - As of June 2025, Qichacha is projected to have over 150 million registered users and more than 80 million monthly active users [1] Client Base - The company has established partnerships with numerous industry leaders, including all five major state-owned banks, twelve joint-stock commercial banks, over 80 insurance companies, more than 50 securities firms, 200 law firms, and hundreds of Fortune 500 companies in China [1]