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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
S.F. Holding
06936.HK
Air Freight & Logistics 32.3-36.3 200 N/A 2024/11/22 2024/11/26 2024/11/27
Jiuyuan Gene
02566.HK
Biotechnology - Medical Devices 11.48-12.56 200 N/A 2024/11/25 2024/11/27 2024/11/28
Mokingran
02585.HK
Watch & Jewellery 12-14.4 200 N/A 2024/11/26 2024/11/28 2024/11/29
Summary
We are an enterprise digitalization solutions provider in China, focusing on offering SaaS financial & tax digitalization and data-driven analytics services through our Baiwang Cloud platform. We process a variety of transaction documents, including among others, invoices, receipts, bills, and other accounting records, that accurately reflect key business transactions of enterprises. Empowered by insights into voluminous transaction data and equipped with big data analytics capabilities, we facilitate the automated and digitalized business decision- making by financial service providers and other enterprise customers. We have achieved the leadership position in the markets we operate in as evidenced by the following, according to the F&S Report:

‧ we ranked first in China’s cloud financial and tax-related transaction digitalization market in 2023 in terms of revenue, representing a market share of 7.1%, and second in China’s financial and tax-related transaction digitalization market in 2023 in terms of revenue, representing a market share of 4.9%;

‧ we ranked first among financial and tax-related transaction digitalization solution providers in China, with approximately 0.7 billion invoice processing requests fulfilled through our cloud solutions in 2023;

‧ we ranked second among financial and tax-related transaction digitalization solution providers in China, with approximately 2.6 billion VAT invoices issued through our cloud solutions in 2023; and

‧ we ranked second in China’s transaction-based big data analytics for SMB financing market in 2023 in terms of revenue, representing a market share of 6.4%.

Since our inception, we have strategically leveraged information security and compliance technologies, which we believe are an indispensable component of the digital transaction infrastructure, to facilitate the digitalized processing and circulation of transaction documents. We have launched a suite of digitalization solutions covering the key processes of enterprise transactions, from procurement, billing, invoicing, to automated management of account receivables and payables and tax filings. As we continue to provide financial & tax digitalization solutions and with proper authorization from customers and users, we have access to a massive volume of transaction documents and data, including 14.3 billion transaction documents processed by us, covering business activities of 101.9 million enterprises, as of December 31, 2023.

We have attracted a large base of KA customers, including some of the largest commercial banks, insurance companies, internet giants, and other industry-leading corporate conglomerates in China. The industry know-how and reputation accumulated through serving these KA customers have allowed us to attract a growing number of mid-market customers and further penetrate into more industry verticals.

Leveraging our big data analytics technology, we have developed data-driven analytics services that facilitate the optimization of decision making and risk management of financial service providers and other enterprises across industries. In 2023, we served 134 customers with our data-driven analytics services, and we fulfilled approximately 17.5 million viewing requests for enterprise operation reports, with approximately 2.6 million enterprises included in the enterprise operation reports.



Source: Baiwang Company (06657) Prospectus (IPO Date : 2024/06/28)
Listing Market MAIN
Industry Systems Software
Background H Shares
Major Business Area N/A
Corporate Information
Substantial Shareholders Chen Jie (Total share: 41.44%); (H share: 11.53%)
[09988] Alibaba Group Holding Limited (Total share: 11.39%); (H share: 18.04%)
Beijing Watertek Information Technology Co., Ltd. (Total share: 9.50%); (H share: 7.09%)
[00656] Fosun International Limited (Total share: 5.10%); (H share: 8.07%)
Shenzhen Oriental Fortune Capital Investment Management Co., Ltd. (Total share: 4.62%); (H share: 7.31%)
Jiangsu Yuanli Industrial Investment Co., Ltd. (Total share: 3.20%); (H share: 7.95%)
Directors Chen Jie (Chairlady and General Manager and Executive Director)
Jin Xin (Chief Operating Officer and Executive Director)
Fu Yingbo (Chief Executive Officer and Executive Director)
Zou Yan (Executive Director)
Diao Juanhuan (Non-Executive Director)
Huang Miao (Non-Executive Director)
Ng Kwok Yin (Independent Non-Executive Director)
Song Hua (Independent Non-Executive Director)
Tian Lixin (Independent Non-Executive Director)
Wu Changhai (Independent Non-Executive Director)
Company Secretary Chiu Ming King
Zheng Tianhao
Principal Bankers Industrial And Commercial Bank of China
China Minsheng Banking Corp. Ltd.
Bank of Beijing
Solicitors Tian Yuan Law Firm
Wilson Sonsini Goodrich & Rosati. P.C.
Auditors Deloitte Touche Tohmatsu
Registered Office Room 1901, 19th Floor, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Share Registrars Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No (852) 2862-8628
Internet Address http://www.baiwang.com
Email Address market@baiwang.com
Tel No (86 400) 851-2366
Fax No
 
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