First day of new shares | JST GROUP (06687) debut listed with a early morning high opening of 24.18%. The company is the largest e-commerce SaaS ERP provider in China.

JST GROUP (06687) made its debut on the stock market, announcing that each share was priced at 30.60 Hong Kong dollars, with a total of 68.1662 million shares issued. Each lot consists of 100 shares, resulting in a net amount of approximately 1.938 billion Hong Kong dollars. As of the time of writing, the stock had risen by 24.18% to 38 Hong Kong dollars, with a trading volume of 447 million Hong Kong dollars. According to the prospectus, based on information from Zhuoshi Consulting, as of 2024, JST GROUP is the largest e-commerce SaaS ERP provider in China, holding a market share of 24.4% (exceeding the combined market share of the second to fifth largest participants). According to the same information, the size of the e-commerce SaaS ERP market in China in 2024 (based on merchant spending) is 3.1 billion RMB. In the Chinese e-commerce operations SaaS market, based on total SaaS revenue in 2024, JST GROUP also ranks first with a market share of 8.7%. Furthermore, based on related income in 2024, the company is the second largest e-commerce SaaS provider in China, with a market share of 7.1%. It is reported that the company provides a comprehensive range of SaaS products and services to help customers seamlessly upgrade their business capabilities, improve performance, and develop cross-platform businesses while significantly reducing deployment and operating costs. Among these, JST GROUP ERP is its core SaaS product, serving merchant customers in handling core needs related to e-commerce orders on major e-commerce platforms.