Most of the income from a small number of large customers from the Hong Kong Stock Exchange

On June 30, Capital State learned that Qianghua School of Technology Co., Ltd. was listed on the Hong Kong Stock Exchange, and CICC and CITIC Securities were sponsors for their joint sponsors.

The prospectus shows that the company is a Chinese leading scenario -based digital solution provider. According to the information of Fhstrishalvin, according to the income, the company ranked eighth among Chinese scenario -based digital solution providers in 2021, and ranked first among the provider providers of the number of digital solutions at the effect.

Since its establishment, the company has been developing a one -stop BAAS business model and an AI algorithm -enabled scenario -based digital solution to build a value chain that connects scenarios and target end users, and improves the efficiency and efficiency of the business process of scene cooperation. With various digital scenarios, the company also helps end users to match their interested products and services (such as consumer finance, retail products and local living services), so as to form a benign consumer ecosystem through the company's digital infrastructure.

The business model takes the company's digital scenarios, end users, and the products and services provided by the company's scenes as the core, forming a virtuous circle of company business development.

From 2019 to 2021, the company's revenue was 372 million yuan (RMB, the same below), 197 million yuan, and 351 million yuan; the profit was 62.648 million yuan, 22.334 million yuan, and 5.406 million yuan during the year.

The risks faced by the company include: concentration of customers, limited enterprise customers contribute most of the company's total income, and the income from customers may fluctuate from time to time.

Most of the company's income comes from a small number of large customers. As of 2019, 2020 and 2021, the fiscal year, the five major customers accounted for 94.2%, 93.5%, and 74.0%of the total revenue; the company's sales of the largest customers in the same period were 200 million yuan and 85.4 million yuan, respectively. And 133 million yuan, accounting for 53.8%, 43.3%, and 37.8%of the total revenue of the same period.

The company said that the amount of fundraising is planned to improve the company's research and development capabilities and improve the company's technical infrastructure; build and expand the company's local ecosystem scenario, and promote the company's BAAS business model; Operating funds, etc.

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