Jinshanyun rushes to the dual main listing of Hong Kong stocks: the annual revenue of 9billion is a project supported by Lei Jun

RedI network Lei Jianping 7 month 27 Reported Wednesday

Jin Shan Yun （NASDAQ：KC） Today, it officially submitted the Dual Major listing of Hong Kong （Dual Primary Listing） apply , At the same time, it will continue to maintain its major listing position on the NASDAQ Exchange and trade .

This is another enterprise applying for Dual Major listing in Hong Kong after Alibaba .2022 Since then , You know 、 Doodle 、 MINISO 、 Shell and other Chinese stocks have completed Dual Major listings in Hong Kong .

Annual revenue 90.6 Billion Operating deficit 18 Billion

As a well-known Internet cloud service manufacturer in China , Jinshan cloud focuses on the cloud track for ten years , The company uses the public cloud 、 A hybrid cloud 、 big data 、 database 、 Video cloud and other resource advantages form cloud services .

In recent years , Jinshan cloud operation continues to improve , By promoting the research and development of core technologies , Take cloud primordial as the starting point ,IaaS While continuing to evolve , enhance PaaS Value added capacity , From single point technology breakthrough to integrated development .

Results show that , Jin Shan Yun 2019 year 、2020 year 、2021 The annual revenue is 39.56 One hundred million yuan 、65.77 One hundred million yuan 、90.6 One hundred million yuan （ about 14.2 Billion dollars ）; The operating losses were 11.43 One hundred million yuan 、12.07 One hundred million yuan 、18.12 One hundred million yuan （ about 2.84 Billion dollars ）; Net losses are 11.11 One hundred million yuan 、9.62 One hundred million yuan 、15.92 One hundred million yuan （ about 2.5 Billion dollars ）. Jin Shan Yun 2019 year 、2020 year 、2021 The annual adjusted net losses were 9.58 One hundred million yuan 、8.24 One hundred million yuan 、13.74 One hundred million yuan ;

Jin Shan Yun 2022 The first quarter of the year's revenue was 21.74 One hundred million yuan , The revenue in the same period last year was 18.13 One hundred million yuan ; The operating loss is 5.33 One hundred million yuan , The operating loss in the same period last year was 3.52 One hundred million yuan .

Revenue of Kingsoft cloud mainly comes from public cloud and industrial cloud services , among , Jin Shan Yun 2022 In the first quarter of, the revenue from public cloud services was 13.8 One hundred million yuan , The proportion of revenue is 63.5%; Cloud service revenue from the industry is 12.5 One hundred million yuan , The proportion of revenue is 36.5%.

Jin Shan Yun 2022 The adjusted net loss in the first quarter of the year was 4.5 Billion , The adjusted net loss for the same period last year was 2.18 One hundred million yuan ; Adjusted EBITDA by -1.52 Billion , Adjusted for the same period last year EBITDA by -4856 Ten thousand yuan .

By 2022 year 3 month 31 Japan , The cash and cash equivalents held by Kingsoft cloud are 33.82 One hundred million yuan （ about 5.34 Billion dollars ）.

It is a project promoted by Lei Jun after he became the chairman of Jinshan software

Jinshan cloud is a project promoted by Lei Jun after he became the chairman of Jinshan software .2010 Year begins , Lei Jun devoted himself to Xiaomi entrepreneurship , but 2011 in , Kingsoft encountered a huge crisis , In the case of popular expectation , Lei Jun also served as chairman of Jinshan software .

Lei Jun believes that the motivation for making Jinshan cloud , Kingsoft software can't just have old business , We should also move forward , But in Jinshan's bones, he refuses to admit defeat , The mentality of striving for the top is the reason why Jinshan moves forward at each stage .

Jinshanyun is 2020 year 5 Listed on NASDAQ in the United States , Fund raising 5 Billion dollars , at that time , The world economy has been hit hard by the epidemic , China concept shares are facing Ruixing coffee 22 Billion yuan of financial fraud , Jinshan cloud goes public against the trend , It has driven a wave of listing of China concept shares .

Lei Jun said in an exclusive interview with Lei Jianping, the founder of leidi.com , After the outbreak started , I don't think Jinshan cloud can go up , I was very nervous all the way . But when Kingsoft cloud initially communicated with investors , Investors are very strong , Highly recognized the achievements of Jinshan cloud .

“4 End of month ,5 At the beginning of , Decide whether to IPO When , Jinshan cloud held a long meeting , Discuss , Discuss , I think the pressure of China concept stock is enormous , If Jinshan cloud can be successfully listed , The morale of zhonggai shares will be greatly boosted .”

At the dinner party that day , Lei Jun gave it to jinshanyun CEO Wang Yulin, a kilogram of gold bricks , Because Lei Jun agreed with his brothers , Who makes one 10 A billion dollar public company , Just send a one kilogram gold brick .

When Kingsoft cloud was listed on US stocks , Lei Jun also issued an open letter saying , The course of jinshanyun is a bold one All in The story of .“2011 After I became the chairman of Jinshan Group in , Push people to think ： How to make a long-term layout for new business in the future . at that time , Cloud service is just starting in China . We firmly believe that , Cloud services will be TMT The industry's most durable and strong outlet , But the investment is huge , And the potential adversaries are strong , Jinshan's overall strength is insufficient , The difficulties . After repeated argument , We made a very bold decision ：All in The cloud service .”

Lei jun says , Only “ Born to die ” The determination and courage of , Only All in, To win .“2012 year , We officially created jinshanyun , also All in Almost all of our resources , Build a team from scratch 、 Do the product 、 Open up the market , At the same time, we have to bear the huge pressure brought by the continuous high investment ……”

Wang Yulin said in an exclusive interview with Leidi at that time , Jinshan has done office software 30 year , Jinshanyun also did 7、8 year , As long as the goal is big 、 A firm 、 The direction is unshakable , Keep at it , Choose another big game , It's still easy to get results , But most people don't go this way , Because it's bitter 、 For a long .

“ Boss Lei is good at taking such a path , This is the style of the company . Mr. Lei chose the big industry , Then bitter haha , Be able to bear hardships than others , We can also suffer more than others , He can persist , We can also insist , All the way to the end , You can get grades .”

Now , Chairman and non-executive director of jinshanyun is still Lei Jun , The vice chairman and non-executive director is zoutao , The executive director and CEO is Wang Yulin , The non-executive director is Dr. ye hangjun ; The independent non-executive directors are Yu mingduo respectively 、 Wang hang 、 Ms. Qu Jingyuan .

China concept accelerated its search for a dual major listing in Hong Kong

since 2019 Drafted by the United States in 《 Foreign company Accountability Act 》 since , There are already, including Alibaba 、 JD.COM 、 Baidu 、B standing 、 Ctrip 、 New Oriental and many other Chinese stocks are listed in Hong Kong . Get into 2022 Since then , Just ask SEC Submitted annual report , China concept shares are listed in the United States SEC“ Pre delisting ” list , This has accelerated the search for listing in Hong Kong , Especially the dual main listing .

Dual primary listing refers to the case where the company has been listed on another stock exchange , Listed in Hong Kong market according to local market rules , Both capital markets are the main places of listing , Even delisting on an exchange , Nor will it affect the listing status of the enterprise on another exchange .

More and more Chinese concept stocks are seeking Dual Major listings , It is also expected that zhonggai shares are not optimistic about the prospect of listing in U.S. stocks .

The United States 《 Foreign company Accountability Act 》 The act requires , Foreign issuers have been unable to meet the requirements of the public company accounting oversight board for three consecutive years （PCAOB） On the inspection requirements of accounting firms , Its securities are prohibited from trading in the United States .

2020 year 5 month , Passed by the US Senate 《 Foreign company Accountability Act 》;2020 year 12 month , The house of Representatives passed the bill , And signed by then president trump .2021 year 11 month ,SEC Pass the amendment , Determine the implementation rules , Require foreign companies listed in the United States to comply with U.S. auditing standards , Otherwise, it will face delisting .

At present , The problem of the bottom draft of zhonggai shares has not been solved for a long time , even to the extent that 《 Accelerate the accountability law of foreign companies 》 May be through , So the accountability law of foreign companies 3 The annual period will be shortened to 2 year , Enterprises like Alibaba are 2023 The transaction may be terminated from . If so , Zhonggai shares must be in 2022 year 11 The order must be completed at the beginning of the month PCAOB Satisfactory inspection , To go back is to reach an agreement soon before it is time .

From a more pessimistic perspective , Like Ali 、 Jd.com may withdraw from the U.S. stock market . In this case , It is not difficult to understand that China concept shares have accelerated their dual major listing in Hong Kong .

One side , It will help enterprises cope more calmly with the pressure of the unpredictable international capital market ; On the other hand , It also provides greater liquidity and protection for shareholders , Expand the investor base , It is a business choice conducive to the long-term development of enterprises .

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Lei Di was founded by Lei Jianping, a senior media person , If reproduced, please indicate the source .