New Share News | Hand Enterprise Solutions (300170.SZ) submits application to Hong Kong Stock Exchange, mainly engaged in enterprise IT consulting and digital solution services.

According to the disclosure on December 29 by the Hong Kong Stock Exchange, Shanghai Hand Enterprise Solutions Technology Co., Ltd. (referred to as Hand Enterprise Solutions) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Guotai Junan Financing Limited as its exclusive sponsor. Company Overview The prospectus shows that Hand Enterprise Solutions (300170.SZ) is a leading provider of enterprise IT consulting and digital solution services in China. The company provides comprehensive digital and intelligent solutions for large and leading enterprises. Through AI applications, proprietary products, and ERP implementation services, the company assists enterprises in achieving digital and intelligent transformation, improving operational efficiency, and establishing core competitiveness. According to Frost & Sullivan data, in the highly competitive and fragmented Chinese enterprise IT consulting and digital solution services market (with a market size of RMB 190.67 billion in 2024), the company ranks fourth in terms of revenue-based market share in the overall ranking and first among Chinese domestic enterprises. The company's digital and intelligent solutions can be roughly classified into four categories, including: industrial digital solutions, financial digital solutions, ERP consulting and implementation, and IT outsourcing. During the reporting period, the contributions of industrial digital solutions and financial digital solutions to the company's overall revenue continued to increase. Based on enterprise-grade PaaS platform and AI application architecture, the group has developed enterprise-level solutions covering various aspects of business operations, including manufacturing, marketing, finance, and supply chain. The company's unified digital foundation platform consists of an enterprise-grade PaaS platform and AI application framework, which together form the technical foundation supporting the company's four core digital and intelligent solutions. The trend of enterprise AI application development is already emerging, with downstream demand gradually emerging. According to Frost & Sullivan data, the global enterprise AI application market entered the budding and rapid development stage from 2022. With breakthrough advancements in generative AI technology and the growing demand for intelligent management by enterprises, the embedded application of AI technology in enterprise software has become a trend. Furthermore, since 2023, Chinese enterprises' willingness to invest in and apply digital and intelligent solutions has significantly increased. The Chinese market size has grown from RMB 5.4 billion in 2023 to RMB 17.9 billion in 2024, with a compound annual growth rate of 374.3% from 2020 to 2024, making it the fastest-growing region among major markets globally. It is expected to maintain a high growth trend in the next five years, reaching RMB 37.8 billion by 2029, with a compound annual growth rate of 77.8% from 2025 to 2029. On the sales side, the company has established a multidimensional sales network combining regional coverage, industry expertise, and customer partner relationships. The company serves over 7,000 enterprise clients in more than 80 countries and regions globally, covering a wide range of industries, including manufacturing, consumer goods, finance, energy, and telecommunications. Financial Data Revenue For the fiscal years 2022, 2023, 2024, and the six months ended June 30, 2025, the company achieved revenues of approximately RMB 3.007 billion, RMB 2.98 billion, RMB 3.235 billion, and RMB 1.575 billion, respectively. Net Profit for the Year/Period For the fiscal years 2022, 2023, 2024, and the six months ended June 30, 2025, the company recorded net profits for the year/period of approximately RMB 492 million, -RMB 14.892 million, RMB 196 million, and RMB 87.46 million, respectively. Gross Profit Margin For the fiscal years 2022, 2023, 2024, and the six months ended June 30, 2025, the company's gross profit margins were 29.4%, 25.9%, 32.7%, and 34%, respectively. Industry Overview Global Enterprise Digital Investment Scale Due to the increasing demand for data-driven decision-making, intelligent manufacturing, and modernization of enterprise IT, the global enterprise digital investment scale increased from RMB 5.18 trillion in 2020 to RMB 7.48 trillion in 2024, with a compound annual growth rate of 9.6%. With continued investment in digital infrastructure and intelligent systems, it is expected that the global enterprise digital investment scale will reach RMB 11.16 trillion by 2029, showing a sustained long-term growth trajectory. Chinese Enterprise Digital Investment Scale With industrial upgrades, continuous improvement of digital infrastructure, and increasing demand for enhanced competitiveness, the scale of Chinese enterprise digital investment has been expanding, from RMB 671.47 billion in 2020 to RMB 912.29 billion in 2024, with a compound annual growth rate of 8.0%. With continued digitization of enterprises, it is expected that broader deployment of artificial intelligence technology and strengthened data security systems will further accelerate investment growth. The scale of Chinese enterprise digital investment is expected to increase from RMB 936.57 billion in 2025 to RMB 1.32 trillion in 2029, with a compound annual growth rate of 8.9%. Global Market Size for Enterprise IT Consulting and Digital Solution Services In terms of market size, driven by digital acceleration and business model innovation, the global market size for enterprise IT consulting and digital solution services increased from RMB 1.24 trillion in 2020 to RMB 1.81 trillion in 2024, with a compound annual growth rate of 9.9%. As generative AI, enterprise data platforms, and industry-specific customized digital solutions become more widespread, the market is entering a development phase driven by intelligence. The market size is expected to increase from RMB 1.86 trillion in 2025 to RMB 2.81 trillion in 2029, with a compound annual growth rate of 10.9%. Market Size for Chinese Enterprise IT Consulting and Digital Solution Services Due to the increasing demand for enterprise digital infrastructure construction and proprietary product enhancements, the market size for Chinese enterprise IT consulting and digital solution services increased from RMB 144.91 billion in 2020 to RMB 190.67 billion in 2024, with a compound annual growth rate of 7.1%. In terms of applications, the manufacturing industry remains the largest source of demand, accounting for 36.2% of the market in 2024, benefiting from the growing demand for industrial automation, equipment connectivity, and production workflow optimization. In the consumer sector, the market size increased from RMB 32.60 billion in 2020 to RMB 43.09 billion in 2024, with a compound annual growth rate of 7.2%, as investments in customer operations, supply chain management, and data analysis continue to rise. Benefiting from the widespread use of online financial services and upgraded risk control systems, the financial industry has become the fastest-growing sector in the Chinese enterprise IT consulting and digital solution services market. The market size increased from RMB 24.86 billion in 2020 to RMB 33.37 billion in 2024, with a compound annual growth rate of 7.6%. The overall market size is expected to increase from RMB 196.13 billion in 2025 to RMB 282.32 billion in 2029, with a compound annual growth rate of 9.5%. In 2024, the market size for Chinese enterprise IT consulting and digital solution services reached RMB 190.67 billion, and based on revenue calculations, the top six service providers collectively accounted for a 14.5% market share. The company ranks fourth nationally and first among Chinese domestic enterprises, with a market share of 1.7%. Board of Directors Information The company's board of directors consists of 9 directors, including 5 executive directors and 4 independent non-executive directors. All directors are elected by the shareholders' meeting, with a term of 3 years and the possibility of re-election. Shareholding Structure As of December 22, 2025, Mr. Chen, the chairman of the group, held 53,139,426 shares of the company, accounting for approximately 5.20% of the total issued shares of the company. Additionally, no other A-share shareholder holds 1% or more of the total shares on an individual basis. Intermediary Team Exclusive Sponsor: Guotai Junan Financing Limited. Company Legal Advisor: K&L Gates for Hong Kong law; Shanghai Duan and Duan Law Firm for Chinese law. Exclusive Sponsor Legal Advisor: Han Kun Law Offices for Hong Kong and US law; Jin Tiancheng Law Firm for Chinese law. Reporting Accountant: BDO Limited. Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd., Shanghai Branch. Compliance Consultant: Guotai Junan Financing Limited.