IPO News | Hande Information (300170.SZ) submits IT consulting and digital solution services for major enterprises of the Hong Kong Stock Exchange
The Zhitong Finance App learned that according to the Hong Kong Stock Exchange disclosure on December 29, Shanghai Hande Information Technology Co., Ltd. (abbreviation: Hande Information) submitted a listing application to the main board of the Hong Kong Stock Exchange, and Cathay Pacific Junan Finance Co., Ltd. is its sole sponsor.
Company profile
According to the prospectus, Hande Information (300170.SZ) is a leading enterprise IT consulting and digital solution service provider in China. The company provides a full range of digital and intelligent solutions for large and leading enterprises. With AI applications, independent products and ERP implementation services, the company helps enterprises achieve digital and intelligent transformation, improve operational efficiency, and establish core competitiveness.
According to Frost & Sullivan, in the fiercely competitive and highly fragmented IT consulting and digital solution service market for Chinese enterprises (market size reached RMB 190.67 billion in 2024), the company ranked fourth in the overall ranking in terms of market share in terms of revenue, leading the local Chinese enterprise.
The company provides digital and intelligent solutions, which can be broadly classified into four categories. Including: industrial digitization solutions, financial digitization solutions, ERP consulting and implementation, IT outsourcing. During the track record period, the contribution of industrial digitization solutions and financial digitization solutions to the company's overall revenue continued to increase.
Based on the enterprise-level PaaS platform and AI application architecture, the Group has developed enterprise-level solutions covering all aspects of business operations, including manufacturing, marketing, finance and supply chain.
The company's unified digital infrastructure platform consists of an enterprise-level PaaS platform and an AI application framework. Together, the two form the technical foundation and support the company's four core digital and intelligent solutions.
The trend of enterprise AI application development is already showing, and downstream demand is gradually emerging. According to Frost & Sullivan, the global enterprise AI application market has entered an embryonic period and rapid development since 2022. With the breakthrough progress of 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, the willingness of Chinese enterprises to invest in and apply digitalization and intelligence has increased significantly. The size of the Chinese market grew from RMB 540 million in 2023 to RMB 1.79 billion in 2024, with a compound annual growth rate of 374.3% between 2020 and 2024, making it the fastest growing region among the world's major markets. It is expected to maintain a high growth trend over the next five years, reaching RMB 37.8 billion by 2029, with a compound annual growth rate of 77.8% between 2025 and 2029.
On the sales side, the company has established a multi-dimensional sales network combining regional coverage, industry expertise and customer partnerships. The company serves more than 7,000 enterprise customers in more than 80 countries and regions around the world, covering a wide range of industries, including manufacturing, consumer goods, finance, energy and telecommunications.
Financial data
revenue
In 2022, 2023, 2024, and 2025 for the six months ended June 30, the company achieved revenue of approximately RMB 3.07 billion (RMB, same below), RMB 2.98 billion, RMB 3,335 billion, and RMB 1,575 billion, respectively.
Profit during the year/period
In 2022, 2023, 2024, and 2025 for the six months ended June 30, the company recorded year/period profit of approximately 492 million yuan, -148.92 million yuan, 196 million yuan, and 87.46 million yuan respectively.
gross profit margin
For the six months ended June 30 in 2022, 2023, 2024, and 2025, the company's gross margin was 29.4%, 25.9%, 32.7%, and 34%.
Industry Overview
The scale of digital investment of global enterprises
Due to growing demand for data-driven decision-making, intelligent manufacturing, and enterprise information technology modernization, the digital investment scale of global enterprises 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, the digital investment scale of global enterprises is expected to reach RMB 11.16 trillion by 2029, showing a continuous long-term growth trajectory.
The scale of digital investment by Chinese companies
Based on industrial upgrading, continuous improvement of digital infrastructure, and increasing demand for increased competitiveness, the scale of digital investment by Chinese enterprises has continued to expand, from RMB 671.47 billion in 2020 to RMB 912.29 billion in 2024, with a compound annual growth rate of 8.0%.
As the digitalization of enterprises continues, it is expected that wider deployment of artificial intelligence technology and enhanced data security systems will further accelerate investment growth. The digital investment scale of Chinese enterprises 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, global digitalization is accelerating and business model innovation. The market size of global enterprise information technology consulting and digital solution services expanded 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 artificial intelligence, enterprise data platforms, and industry-specific customized digital solutions become more widely used, the market is entering a stage of intelligence-driven development. 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 of IT consulting and digital solution services for Chinese enterprises
Due to increasing demand for enterprise digital infrastructure construction and upgrading of independent products, the market size of IT consulting and digital solution services for Chinese enterprises expanded from RMB 144.91 billion in 2020 to RMB 190.67 billion in 2024, with a CAGR of 7.1%.
In the field of applications, manufacturing remains the largest source of demand, accounting for 36.2% of the 2024 market, thanks to growing demand for industrial automation, equipment connectivity, and production workflow optimization.
In the consumer sector, due to increasing investment in customer operations, supply chain management and data analysis, the market size expanded from RMB 32.60 billion in 2020 to RMB 43.09 billion in 2024, with a compound annual growth rate of 7.2%.
Thanks to the widespread application of online financial services and the upgrading of risk control systems, the financial industry has become the fastest growing field in the Chinese enterprise IT consulting and digital solution service market. Its 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 of IT consulting and digital solution services for Chinese enterprises will reach RMB 190.67 billion. In terms of revenue, the top six service providers together account for 14.5% of the market share. The company ranked fourth in the country, ranked first among domestic enterprises in China, and occupied 1.7% of the market share.
Board Information
The board of directors of the company consists of 9 directors, including 5 executive directors and 4 independent non-executive directors. All directors are elected by the shareholders' meeting for a term of 3 years and can be re-elected.
Shareholding structure
As of December 22, 2025, Mr. Chen, Chairman of the Group, held 53,139,426 shares of the company's shares, accounting for about 5.20% of the total number of shares issued by the company. In addition, no other A-share shareholders held 1% or more of the total number of shares on an independent calculation basis.
Intermediary team
Sole sponsor: Guotai Junan Finance Co., Ltd.
Company Legal Adviser: On Hong Kong Law: K&L Gates; On Chinese Law: Shanghai Duan & Duan Law Firm.
Sole sponsor legal adviser: Regarding Hong Kong and US law: Han Kun Law Firm Limited Liability Partnership; relating to Chinese law: Shanghai AllBright Law Firm.
Reporting accountant: Lixin Dehao Certified Public Accountants Co., Ltd.
Industry consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch.
Compliance Advisor: Guotai Junan Finance Co., Ltd.