假设超额配股权未获行使及发售价为每股股份2.80港元(即发售价范围每股发售股份2.74港元至2.86港元的中位数)，公司预计将自全球发售收取所得款项净额约3.75亿港元(经扣除包销佣金及与全球发售有关的开支)。Qiniu asia vets (02567) will be listed from September 30, 2024, to October 10, 2024, with a global offering of 0.16 billion shares. The Hong Kong public offering accounts for 10%, while the international offering accounts for 90%. The offering price per share ranges from HK$2.74 to HK$2.86, with a board lot of 1000 shares. Shares are expected to start trading on the Hong Kong Stock Exchange on October 16, 2024 (Wednesday) at 9:00 am.
Wisetone Financial News App, Qiniu asia vets (02567) will be listed from September 30, 2024, to October 10, 2024, with a global offering of 0.16 billion shares. The Hong Kong public offering accounts for 10%, while the international offering accounts for 90%. The offering price per share ranges from HK$2.74 to HK$2.86, with a board lot of 1000 shares. Shares are expected to start trading on the Hong Kong Stock Exchange on October 16, 2024 (Wednesday) at 9:00 am.
The company has entered into a cornerstone investment agreement with Ho Shun Limited Partnership (Ho Shun or cornerstone investor). Ho Shun has agreed, under certain terms and conditions, to subscribe for or procure designated entities to subscribe for 63.9 million shares of the offering shares, representing approximately 3.20% of the total number of issued shares following the completion of the global offering (assuming no exercise of over-allotment option and no issuance of shares based on the share placement plan prior to the initial public offering) (cornerstone investment).
Assuming no exercise of the over-allotment option and an offering price of HK$2.80 per share (i.e., the median of the offering price range of HK$2.74 to HK$2.86 per share), the company expects to receive net proceeds of approximately 0.375 billion HK dollars from the global offering (after deducting underwriting commissions and expenses related to the global offering).
Approximately 38.0% of the expected net proceeds will be used to penetrate and solidify the company's APaaS business in application scenarios and develop and expand the customer base, including: 1) Approximately 15.0% of the expected net proceeds will be used to purchase networks and bandwidth, servers, and storage to support business growth; 2) Approximately 9.0% of the expected net proceeds will be used to enhance sales and marketing functions; 3) Approximately 14.0% of the expected net proceeds will be used to recruit personnel to develop and accumulate more in-depth scenarios of APaaS. Approximately 20.0% of the expected net proceeds will be used to expand overseas operations in the next 36 to 60 months, including: 1) Approximately 8.0% of the expected net proceeds will be used to enhance the company's overseas IT infrastructure; 2) Approximately 12.0% of the expected net proceeds will be used to establish local teams in regions and countries such as Hong Kong, China, and Southeast Asia in the early stages of development and with great growth potential in the audio and video industry. Approximately 12.0% of the expected net proceeds will be used to enhance the company's research and development capabilities and improve the company's technological infrastructure, including: 1) Approximately 8.0% of the expected net proceeds will be used to build the company's AIGC capabilities in the next 36 to 60 months; 2) Approximately 4.0% of the expected net proceeds will be used to upgrade and iterate the low-code platform in the next 36 to 60 months. Approximately 20% of the expected net proceeds will be used for selected mergers, acquisitions, and strategic investments. Approximately 10.0% of the expected net proceeds will be used as working capital and for general corporate purposes.
The company provides audio and video cloud computing services in China. According to iResearch, in 2023, the company's revenue accounted for 1.5% of the entire audio and video cloud computing services market. Based on iResearch data, in terms of revenue in 2023, the company is the third largest audio and video PaaS service provider in China, with a market share of 5.8%. Also, based on revenue from APaaS in 2023, the company is the second largest audio and video APaaS service provider in China, with a market share of 14.1%. According to iResearch data, the size of China's cloud computing service market in 2023 will reach RMB 513.7 billion. Classified by managed content or data type, the China cloud computing service market can be divided into the audio and video cloud computing service market and the non-audio and video cloud computing service market. Audio and video cloud computing services refer to the production, storage, processing, distribution, analysis, auditing, retrieval, and recommendation of unstructured audio and video content, while non-audio and video cloud computing services refer to other cloud services such as government cloud, retail dining cloud, and industrial cloud. In 2023, the audio and video cloud computing service market reached RMB 91.5 billion, accounting for 17.8% of the total cloud computing service market in China. In 2023, the PaaS market and APaaS market accounted for 25.0% and 2.2% of the entire audio and video cloud computing service market, respectively.
During the historical periods, the company's revenue for 2021, 2022, and 2023, as well as the three months ended March 31, 2024, were RMB 1.471 billion, RMB 1.147 billion, RMB 1.334 billion, and RMB 0.342 billion, respectively. For the years 2021, 2022, and 2023, as well as the three months ended March 31, 2024, the company's adjusted net losses (non-International Financial Reporting Standards measure) were RMB 0.106 billion, RMB 0.119 billion, RMB 0.116 billion, and RMB 24.2 million, respectively.
