Jinshan Yun Holdings Limited has released its annual report for the year ended December 31, 2023. The report showed that the company's revenue fell 13.8% to RMB7047.5 million; gross profit increased by 97.9% to RMB850.2 million. Net loss decreased 18.8% to RMB2183.6 million. Non-GAAP adjusted net loss was RMB1291.1 million and adjusted EBITDA loss was RMB265.1 million. The company focused on high-quality customer strategy and increased profitability, with public cloud services revenue of RMB 4381.7 million, and industry cloud service revenue of RMB 2664.0 million. Jinshan Yu actively embraces the AI industry, upgrading core products to support generative AI capabilities. In terms of infrastructure, the company has about 95000 servers in China with storage capacity up to EB level. Capital expenditure for the financial year was RMB 1964.7 million. In terms...Show More

Jinshan Yun Holdings Limited has released its annual report for the year ended December 31, 2023. The report showed that the company's revenue fell 13.8% to RMB7047.5 million; gross profit increased by 97.9% to RMB850.2 million. Net loss decreased 18.8% to RMB2183.6 million. Non-GAAP adjusted net loss was RMB1291.1 million and adjusted EBITDA loss was RMB265.1 million. The company focused on high-quality customer strategy and increased profitability, with public cloud services revenue of RMB 4381.7 million, and industry cloud service revenue of RMB 2664.0 million. Jinshan Yu actively embraces the AI industry, upgrading core products to support generative AI capabilities. In terms of infrastructure, the company has about 95000 servers in China with storage capacity up to EB level. Capital expenditure for the financial year was RMB 1964.7 million. In terms of R&D, the company established an AI R&D center and established strategic cooperation with WPS AI, and the Wuhan team has expanded to more than 500 people, accounting for about 40% of the R&D staff. R&D expenditure was RMB 784.8 million, with a total of 1243 R&D personnel. In ESG matters, the company incorporates ESG into a core part of corporate strategy and governance, and the Board of Directors has established a Corporate Governance Committee to oversee ESG affairs. No significant events requiring disclosure or adjustment occurred after the reporting period. No dividend has been proposed by the Board for the year ended 31 December 2023. Details of share options and restricted stock units are provided in the report covering the 2013 Stock Option Plan, the 2013 Share Award Scheme and the 2021 Equity Incentive Scheme. As of December 31, 2023, the Company had no significant litigation or arbitration. The Annual Report and the audited consolidated results were approved on 30 April 2024.