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【国信证券】三五互联10年报点评:云端漫步,邮刃有余

國信證券 ·  Apr 11, 2011 00:00  · Researches

The company maintained a 35.9% increase in revenue in 2010, and the cloud-based SaaS service enterprise email, web domain, and website construction maintained an increase of 17.59%, 17.35%, and 43.94%, respectively. The gross margin of the company's main business reached 80.27%, an increase of about 2.71% over the previous year. After the company went public, it expanded for future development, and the number of employees also expanded rapidly from 1,351 at the end of 2009 to 2026 at the end of 2010. Expenses rose sharply during the period, sales expenses increased by 10.02% to 41.48%, and management expenses increased by 7.07% to 17.56%. The company will launch its own brand of terminal mobile phone product 35Phone in 2011. In addition to the sales of the mobile phone itself, it will use mobile Internet terminals to integrate products such as corporate email, OA, and CRM, and the company's business line will expand from the “cloud” to the “end.” The company's vast number of enterprise users is the greatest value, and complete informatization products and leading SaaS application models for small and medium-sized enterprises have great potential in the future to maintain the “recommended” rating for the company.

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