According to the financial news app, Tianjudihe (02479) rose more than 16% in early trading, it is worth noting that the stock soared over 40% on the day of listing, and plunged sharply and broke at the end of the trading day. As of the time of publication, it rose 12.47%, reporting 67.65 Hong Kong dollars, with a turnover of 11.916 million Hong Kong dollars.
It is reported that Tianjudihe specializes in providing customers with standardized API services and customized data governance solutions. According to Frost & Sullivan's report, in terms of revenue in 2022, the company is China's largest comprehensive API data circulation service provider, with a market share of 6.1%. The company's clients include well-known enterprises such as Tencent, Alibaba, as well as many other internet companies, application developers, and individuals.
According to the prospectus, Tianjudihe's revenue for 2021 to 2023 will be 260 million, 329 million, and 441 million respectively. Net income will be 45.966 million, 41.284 million, and 35.061 million respectively. Gross profit margin will be 34.6%, 32.7%, and 28.3% respectively. Net profit margin will be 17.7%, 12.6%, and 7.9% respectively. It is reported that the company's gross margin and net profit margin have both declined significantly due to increased market competition and increased outsourcing research and development expenses.