Recently, many users have reflected on the pulse of social platforms that as a 22 year old student, Beisen cloud computing has broken his contract, and the liquidated damages are only 3000 yuan The reporter asked Beisen about this. As of press time, no reply has been received. It is understood that Beisen cloud computing, an integrated HR SAAS and talent management platform, was established in 2002 and was listed on the new third board in 2016, but delisted two years later. The reporter found that in May last year, Beisen announced that it had completed the round f financing of US $260million. On January 10 this year, the company also submitted a prospectus to the Hong Kong stock exchange to be listed on the main board. Morgan Stanley and CICC acted as co sponsors.
A large number of fresh students said that they had been broken by Beisen, and the official replies called them extreme remarks
A user declared in his real name on the platform: "the 22nd fresh student was broken by Beisen. He just called. It was the end of May. Now he told me that he had no job. Why didn't he notify me in July?" This speech also triggered a large number of comments and more than 100 forwarding, and many praised it as consistent with the facts.
Subsequently, the official account of Beisen cloud computing replied, "the posts and comments are untrue, especially the extreme remarks about the reason and proportion of termination, Beisen's enrollment and appointment in school, are contrary to the actual situation."
This reply caused many users to post on the platform to express their dissatisfaction.
According to media reports, the number of fresh students who have been broken by Beisen this time has reached 100. The proportion of fresh students who have been broken by Beisen in 2022 is close to 30%, mainly fresh students. The education background of the laid-off personnel includes master's degree. In terms of compensation for breach of contract, undergraduate students and master students are compensated 3000 yuan and 6000 yuan respectively. At present, some personnel have received payment from Beisen.
Recently, the fresh students' breach of contract has attracted frequent attention, ideal Automobile, Xiaopeng automobile, China Unicom and other companies have been exposed to breach of contract school enrollment. Among them, China Unicom Heyuan branch in Guangdong Province was exposed that the fresh students were terminated because their graduation age was over 24 years old. Since then, Heyuan Unicom said that it had communicated with the students and eliminated misunderstandings, and would perform the employment agreement according to law. The relevant students could go through the employment procedures as agreed in the agreement.
Beisen seeks to be listed on the Hong Kong Stock Exchange and has been in a loss state in the past three years
Beisen submitted a prospectus to the Hong Kong Stock Exchange on January 10, 2022, and planned to be listed on the main board. Morgan Stanley and CICC acted as co sponsors. If it can be listed successfully, it will be the first share of local HR SaaS.
Beisen's revenue mainly comes from subscription fees charged by HCM solutions to customers. From the financial report data, the operating revenues of BeiSen holdings in the three fiscal years ended March 31, 2019, 2020 and 2021, and the past six months ended September 30, 2021, were RMB 382million, RMB 459million, RMB 556million and RMB 313million respectively, showing an overall upward trend.
For the fiscal years ended March 31, 2019, 2020 and 2021 and the six months ended September 30, 2021, the company's net losses were RMB 690million, RMB 1267million, RMB 940million and RMB 820million respectively. However, excluding losses caused by changes in the fair value of preferred shares and other factors, Beisen Holdings' adjusted losses narrowed to 169million yuan, 242million yuan, 108million yuan and 83million yuan.
The prospectus points out that the net proceeds from the IPO will be mainly used to further upgrade the integrated cloud HCM solution; Continuously improve product and technology development capability; Invest in sales and marketing to improve brand awareness; Enhance ability in customer success and service; And for working capital and general corporate purposes.