This article is from "IPO knew earlier".
KC.US released its audit results report for the fourth quarter ending December 31, 2020 and restructuring on March 17th, Beijing time.
The financial report showsJinshanyun's fourth quarter 2020 and previous average performance exceeded the industry average; adjusted EBITDA profit margins have improved steadily for 10 consecutive quarters, and tend to break even on a quarterly basis in the fourth quarter.
It is worth mentioning that after the release of the financial reportA number of agencies have maintained / reaffirmed Kingsoft's "buy" rating. Among them, the latest target prices given by Goldman Sachs, CLSA and Nomura Securities are $65, $66 and $66, respectively.
As of this morning, U. S. stocks closed, Jinshan Cloud reported in which $40.74. This means that, in the view of previous institutions, Jinshan Cloud has at least 60% to 62% room for growth.
In fact, in the fourth quarter of 2020, 17 well-known investment banks, including Goldman Sachs, JPMorgan Chase, UBS, Credit Suisse and Citigroup, all gave Jin Shanyun a "buy" rating.Jinshanyun has been selected into the two major indices of MSCI China and FTSE Russell large-cap stocks (FTSE Russell GEIS-Large Cap) one after another in this quarter.
Going back to the financial report itself:
In the fourth quarter of 2020, Jinshanyun's revenue was US $1.92 billion (RMB exchange rate, the same below), a long-term growth of 63.8%, while EPS rose to-0.03 yuan from-0.32 yuan in the same period in 2019.
For the whole of 2020, Jinshanyun's revenue was $6.58 billion, an annual growth rate of 66.2 per cent. In terms of revenue structure, corporate cloud revenue increased by 182.3% to US $1.37 billion in 2020, accounting for 20.9% of total revenue, up from 12.3% in 2019.
In fact, the enterprise cloud business has gradually become a new growth curve of Jinshanyun, coupled with the fact that Jinshan Cloud has accumulated a certain number of customers in the Internet, public services, finance, health care and other industries in the past. In the future, Jinshan Cloud's share of revenue from the corporate cloud is expected to further increase, and robes will improve the income structure.
In addition, thanks to the positioning of independent cloud service providers, Jinshan Cloud's new customers in 2020 include many well-known enterprises, such as ZH.US, API.US, HUYA.US), Bigo, Sogou (SOGO.US) and so on.
obvious,At a time when the digital wave is driving the growth of the cloud service market, Jinshanyun's head effect is constantly releasing.
Jinshan Cloud ranks among the top three Internet cloud service providers in China, according to the China Public Cloud Service Market (2020Q3) tracking report released by IDC.
(Zhitong Financial Editor: Zhuang Lijia)