Futu News on August 25, according to the Hong Kong Stock Exchange, Samoyeyun Technology submitted a prospectus to the Hong Kong Stock Exchange, with Citic Construction Investment and China Bank International acting as co-sponsors.

Company profile

Samoyeyun is a leading independent cloud service technology solution provider in China. Mainly supported by the company's deployment of AI technology, big data analysis, mobile Internet and cloud computing capabilities, we are committed to providing end-to-end cloud native technology solutions for China's financial institutions and various industries.

According to the data of Zuoshi Consulting, in terms of revenue from cloud service technology solutions in 2020, the company is the third largest independent cloud service technology solution provider in China, relying on the innovative business model of "decision intelligence + cloud services". On the one hand, it helps customers solve practical problems in business development and realize "charging for results" from customers' profits. On the one hand, through cloud native technology and SaaS services to achieve rapid, low-cost large-scale expansion.

Samoyeyun focuses on the business-to-business (B2B2C) model and strives to provide institutional customers with a complete closed-chain ecosystem covering customer operations, from generating and directing traffic to repurchasing and providing value-added services.

The "Mathematical Intelligence Samoyun platform" is at the core of the ecosystem. As of April 30, 2021, the "Digital Intelligence Samoyun platform" has connected about 73.7 million small and micro merchants and customers, 50 financial institutions, 530 enterprises in different industries, 1470 Internet platforms and 70 data providers, forming a high-quality private domain traffic pool.

Financial overview

From 2018 to 2020, the company's operating income increased from 480 million yuan to 1.97 billion yuan, with a compound annual growth rate of 102.6 percent, and revenue in the first four months of 2021 reached 920 million yuan, an increase of 90.3 percent over the same period last year, according to the prospectus.

In addition, the company's gross profit growth is also significant, with a compound annual growth rate of 100.6% from 2018 to 2020, and 171.7% year-on-year growth in the first four months of 2021.

It is worth mentioning that the company made a profit in 2020. Data show that as of December 31, 2020, the company's net profit reached about 940 million yuan; in the first four months of 2021, the net profit reached 220 million yuan.

In 2018, 2019 and 2020, the company's R & D expenditure was 63.9 million yuan, 64.6 million yuan and 63.4 million yuan respectively, accounting for 13.3%, 7.5% and 3.2% of the total revenue respectively.

General situation of industry

Driven by technological progress and positive policies, more and more business entities deploy digital systems and value-added technology services in the cloud. China's total expenditure on cloud services technology solutions increased from 89.3 billion yuan in 2016 to 322 billion yuan in 2020, with a compound annual growth rate of 37.8 percent, and is expected to reach 1.0782 trillion yuan in 2025, that is, a compound annual growth rate of 27.3 percent from 2020 to 2025.

Shareholder structure