New stock news | Jushuitan submits for the third time to the Hong Kong Stock Exchange Main Board, being the largest domestic e-commerce SaaS ERP provider.

According to the Hong Kong Stock Exchange file, on November 13, the e-commerce SaaS ERP provider Ju Shuitan Group Limited once again submitted an application for listing on the Main Board of the Hong Kong Stock Exchange, with CICC and JPMorgan Chase as joint sponsors. The company had previously filed on March 21 of this year and at the end of June last year. According to the latest data from Zacks Consulting, Ju Shuitan occupies 23.2% of the market share in the Chinese e-commerce SaaS ERP market based on revenue in 2023, firmly holding the top spot in the market. This data reflects Ju Shuitan's significant advantage in the field of e-commerce SaaS ERP, as well as its core position in driving the digitalization process of the Chinese e-commerce industry. In 2023, the size of the Chinese e-commerce SaaS ERP market reached approximately 2.6 billion RMB, and Ju Shuitan not only focuses on ERP in this market but also leads industry innovation with its diversified SaaS product solutions. In the Chinese e-commerce operation SaaS market, Ju Shuitan also ranks first with a market share of 7.5%, covering aspects such as ERP, customer relationship management (CRM), sales and marketing management, data analysis, human capital management, and financial management. Leveraging rich industry insights and innovation, Ju Shuitan seamlessly connects its products with over 400 e-commerce platforms globally, far exceeding the industry average of 200 connected platforms, further meeting the diverse needs of various types of e-commerce customers. In 2023, Ju Shuitan served a total of 62,200 SaaS customers, significantly higher than the industry average of 20,000 customers. At the same time, its net customer revenue retention rate reached 114%, highlighting its strong customer retention and revenue growth performance. During the "Double 11" e-commerce shopping festival, Ju Shuitan successfully processed around 1.4 billion orders, demonstrating its stable technical infrastructure and excellent system processing capabilities. Ju Shuitan also actively invests in platform development, building an ecosystem with a scalable architecture and rich toolset to ensure timely product updates and iterations, continuously leading the market trend. Ju Shuitan has established a comprehensive customer support network nationwide, including dedicated sales teams, experienced implementation engineers, and professional after-sales service teams. Thanks to high customer recognition and word-of-mouth reputation, Ju Shuitan also excels in customer acquisition efficiency, with LTV/CAC ratios exceeding 6 times from 2021 to 2023 and the first half of 2024, while the industry average is only 3 times. Additionally, through cross-selling strategies, Ju Shuitan has achieved higher customer added value. Customers who purchase two or more Ju Shuitan products contributed 27.6%, 30.6%, 33.0%, and 33.0% of total SaaS revenue from 2021 to the first half of 2024. Ju Shuitan's customer success strategy has effectively driven the continuous growth of the company's revenue. In 2023, the company's total revenue reached approximately 697 million RMB, with annual recurring revenue of around 850 million RMB. The compound annual growth rates from 2021 to 2023 were 26.8% and 30.4%, respectively. Through technical innovation and quality service, Ju Shuitan will continue to focus on providing outstanding SaaS solutions for Chinese and global e-commerce customers, leading the Chinese e-commerce industry to achieve a higher level of digital transformation.