Futu News reported on March 30, this Thursday $BEISEN HOLDING (09669.HK)$It was announced that shares will be raised from March 30 to April 4. The company plans to issue 8,044 million shares, of which 804,400 shares will be publicly sold and 7.2396 million shares will be sold internationally. The issue price is HK$297 per share, 200 shares per lot. It is expected to be listed on April 13.
Company Overview
Based on 2021 revenue calculations, Kitasen Holdings is the largest provider of cloud-based human capital management (HCM) solutions in China. In 2021, out of about 300 market participants in the Chinese cloud HCM solutions market, the Group's market share accounted for 11.6%, a figure higher than the second and third largest companies combined. The Group's platform, ItalentX, provides enterprises with cloud-native SaaS products (that is, the Group's cloud-based HCM solutions) to help enterprises efficiently recruit, evaluate, manage, develop and retain talent.
In China's broader digital HCM market, based on 2021 revenue calculation, Hokusen Holdings ranked third among more than 500 market participants, with a market share of 3.4%.
Financial Overview
In terms of financial conditions, Kitasen Holdings' revenue for the 2019 to 2022 fiscal year ending March 31 was 382 million yuan (RMB, same unit below), 459 million yuan, 556 million yuan, and 680 million yuan respectively. The compound revenue growth rate for the 2019 to 2022 fiscal year was 21...