上市捷报丨沙利文助力Lucas GC Limited成功赴美上市(LGCL.NASDAQ)

Lucas GC Limited(Stock Code:NASDAQ.LGCL) on2024year3month5The company successfully logged into the NASDAQ exchange in the United States today. It is a human capital management service provider powered by artificial intelligence, data analysis, and blockchain technology, dedicated to the digitalization and intelligence of the entire human capital management process. At the same time, the company is also the largest in China based onPaaSA technology-driven online agency-centric human capital management service provider. Frost & SullivanFrost & Sullivan,Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan') isLucas GC LimitedThe listing provides exclusive industry advisory services, and we would like to extend our warmest congratulations on its successful listing.

Lucas GC Limited(Redirected to "Logitech" below) dated2024year3month5The company was successfully listed and issued shares15010,000 common shares, with each common share issued at4US dollar, amount of raised funds600Ten thousand dollars.

During the listing process in the US, Frost & Sullivan mainly undertook the following tasks: helping the issuer accurately and objectively understand its positioning in the target market, using objective market data to discover, support and highlight the issuer's competitive advantages, assisting the issuer, investment banks and other intermediaries in completing the writing of relevant parts of the prospectus (such as the overview, competitive advantages and strategy, industry overview, business and other important chapters), and assisting the issuer in completingSECCommunication with investors, helping them quickly understand the market ecosystem and competitive landscape, assisting issuers in completingSECFeedback on various industry-related issues, etc.

Investment highlights

A leading technology-enabled human capital management service provider;

ExtensiblePaaSMarket, with a trusted professional network;

Proprietary technology-based infrastructure improves operational efficiency;

Unique access permissions to big data assets, providing accurate recommendations;

Unique brand awareness and a strong sense of social responsibility;

A visionary and experienced management team with a strong commitment and a good track record.

According to a report by Frost & Sullivan:

As of2022year6month30Number of active users in the daily HR industry and as of2022year6month30Total net income per day, company It is the largest based inPaaSA technology-driven online agency-centric human capital management service provider.

Overview of the Human Capital Management Market

Human Capital Management ServiceHCMServices represent a set of professional services to facilitate businesses provided by professional external entities.HCMThe service provides services for professionals, employers, headhunters, and other market participants, such as optimizing human resource allocation through its own resource integration and digital capabilities.HCMServices can be further divided into human resource services and labor management. Human resource services include employee benefits, talent recruitment, management training, talent development, as well as other human resource services such as talent development, human resource consulting, relocation services, and online recruitment. Labor management services include flexible employment and labor dispatch.HCMThe main participants in the market include professionals, employers, and recruiters.

In recent years, with the growth in the number of Chinese enterprises,HCMThe market demand for services has also increased. Measured by revenue, China's professionalsHCMThe market scale of the service2017Renminbi in [year]894RMB billion increased2021Renminbi in [year]1,604yuan, with a compound annual growth rate of15.7%In the future, driven by technological progress and the impact of the pandemic, the process of enterprise digital transformation will accelerate, digitizationHCMThe market scale will grow rapidly, thereby expanding the Chinese specialtyHCMOverall market scale of services, estimated2026Annual SpecialtyHCMMarket revenue will increase to RMB3,670100 million yuan, compared with2021Annual Compound Annual Growth Rate18.0%.

Source: Frost & Sullivan report

Overview of the Information Technology Outsourcing Service Market

ITOutsourcing business, abbreviatedITOBusiness mainly involves third-party service providers completing corresponding tasks based on the requirements of enterprise clients. Using outsourcing services can help enterprise clients flexibly allocate resources to cope with changing needs, control budgets and work outcomes, as well as obtain professional knowledge and expertise from external talents. At the same time,ITOThe service provides more employment options for professionals, encourages employees to conduct in-depth research in their core areas of expertise, and cultivates professionals into high-end technical talents.ITOThe service market mainly consists of enterprise customers, platforms, and third-party service providers. Enterprise customers are primarily those withITCompanies with related needs. Typically, outsourcing service companies and clients discuss project scope, budget, and expected outcomes/The results are agreed upon, and the bill is settled at the end of the project after the customer has conducted the final acceptance test and received satisfactory results.

Benefiting from the growth of China's domestic demand market, international manufacturers and domesticITThe deepening of strategic cooperation between service outsourcing enterprises, as well as the enhancement of outsourcing awareness among Chinese enterprises during the process of industrial structure upgrading, specializationITThe outsourcing market scale continues to expand year after year. China's professionalsITOMarket scale from2017Renminbi in [year]4,090RMB billion increased2021Renminbi in Year6,350yuan, with a compound annual growth rate of11.7%estimated2026The amount will further increase to RMB in the year11,700Yuan billion, with an expected compound annual growth rate of13.0%.

Source: Frost & Sullivan report

Overview of the vocational training market

Vocational training is an educational and training form that takes workers as its specific target and directly meets the needs of social and economic development. Depending on the training content, vocational training can be divided into vocational qualification examination training, talent recruitment examination training, and professional skills training. Vocational training services assist professionals in pursuing higher degrees and enhancing their competitiveness. There are numerous participants in the vocational training market. The upstream of this value chain consists of enterprises that provide teaching content and basic support. The downstream includes users to vocational training services. The midstream is the main body of training services, including market entities that reach downstream users through various channels and platforms.

The scale of China's vocational training market has been on an upward trend. Measured by revenue, the overall market size of the vocational training industry is from2017Renminbi in [year]2,456RMB billion increased2021Renminbi in [year]3,626Yuan, with an annual compound growth rate of10.2%estimated2018Further increased to RMB5,757100 million yuan.2026year and2021Compared with last year, the expected compound annual growth rate is9.7%.

Source: Frost & Sullivan report

Market competition pattern of human capital management in China

The market participants in the China Professional Services Market mainly include online agency center service providers, online human resource service providers, traditional human resource companies, and traditional labor solutions providers.

As of2022year6month30Number of active users in the daily human resources industry and as of2022year6month30The total net income per day is calculated based on, and ROCOSS is the largestPaaSA technology-driven online agency-centric human capital management service provider.2021year12month31day. By end2021year12month31The total net revenue for the year reached RMB 1.5 billion, ranking RoCOS as the number one provider of private social networking services for professionals in China.

Source: Frost & Sullivan report

View the full prospectus

Frost & Sullivan company inTMTThe firm has rich research experience and has assisted well-known enterprises in successfully listing on the capital market. Successful listing cases include: Youbixuan （9880.HK), Beike Micro 2149.HK), Weier Co., Ltd.(SIX: WILL)Cnlink Technology （ NASDAQ:ICG ), smalliRobotNASDAQ: AIX), Jinshan Cloud Holdings 3896.HK), Haojing Technology2440.HK), Xuanwu Cloud Technology2392.HK), Huitongda9878.HK), innovative wisdom2121.HK), Shangtang Technology0020.HK), Qinhuai DataNASDAQ:CD), Mingyuan Cloud0909.HK), Genesis Group1849.HK), WeCom Group2013.HK), Wancala One Link1762.HK), Yaxin Technology1675.HK), Hongya Holdings1723.HKAurora MovingNASDAQ:JG), Jingguan Holdings8606.HK), Qiyi Technology1739.HK), WeCom Finance (2003.HK), Huifu Tianxia(1806.HK),Atlinks（8043.HK),Zioncom（8287.HK),ISP Global（8487.HK),Vobile（3738.HK), Aibo Technology2708.HK),iClick（NASDAQ:ICLK), Shengye Capital6069.HK), Anling International8410.HK), Anke Systems8353.HK), Junmeng International8062.HK), Feisida8342.HK),Future Data（8229.HK) and Asiy Backup8290.HK) etc.