Independent cloud service provider Jinshan Cloud Delivery Table Hong Kong is intended to be doubled

On July 27, 2022, Kingsoft Cloud (referred to as "Jinshan Cloud") submitted a dual listing application in Hong Kong. CICC, JPMorgan Chase and UBS Group were joint sponsor. Jinshan Cloud (KC.US) was listed on Nasdaq on May 8, 2020.

According to the definition, the two main listing refers to the first listing of the two capital markets. One of the listed places will not affect the listing status of the other listing place.

The prospectus shows that the company provides a comprehensive, reliable and trustworthy cloud service to customers in the strategic selected vertical industry.

The company provides a customized business application that combines unified IaaS infrastructure and a full set of cloud products on the PaaS layer, as well as widespread use cases that support the wide use of customers' diversified business goals. The company also provides a comprehensive solution through integrated services for cloud solutions. The company's end -to -end customer service covers planning, solution development, implementation and deployment, as well as continuous maintenance and upgrading.

Immediately before the company was listed in Nasdaq, the company was a non -funded subsidiary of Jinshan Software. After the spin -off and independent listing was completed on May 8, 2020, Jinshan Cloud no longer was a subsidiary of Jinshan Software, but instead as its joint venture.

From 2019 to 2021, the company's revenue compound annual growth rate was 51.3%, which exceeded the 36.4%compound annual growth rate of 36.4%of the overall industry industry in the same period. According to the information of Fhstrisana, according to the income, the company has always been China's largest independent cloud service provider every year in 2019, 2020 and 2021.

The company's income mainly comes from (i) public cloud services and (ii) industry cloud services. For the three months of 2019, 2020, 2021 and as of March 31, 2022, the company's revenue was (RMB, the same below) 3.956 billion yuan, 6.577 billion yuan, 9.061 billion yuan, and 2.174 billion yuan; net loss was a net loss is the loss of net losses is 1.111 billion yuan, 962 million yuan, 1.592 billion yuan and 555 million yuan; R & D expenses were 595 million yuan, 775 million yuan, 1.044 billion yuan, and 247 million yuan.

It is worth noting that the company's business depends on customers with serious customers, and most of the income comes from a limited number of customers. In 2019, 2020 and 2021, and for the three months ended March 31, 2022, the income from the five major customers accounted for 65.7%, 61.5%, 50.5%and 48.2%of the company's total revenue, respectively.

Among the shareholders' structure before listing, Jinshan Software, Xiaomi Group and Lei Jun are the three major shareholders of Jinshan Cloud, with the shareholding of 37.4%, 11.82%, and 11.82%. As for the three months of 2019, 2020 and 2021 and as of March 31, 2022, Xiaomi revenue from one of the shareholders accounted for 14.4%, 10.0%, 8.5%and 10.9%of the company's total revenue, respectively.

The company said that fundraising is intended to be used for upgrading technology infrastructure in the next 24 months; in the next 24 months, it will be used for technology, products and solutions to develop; Used as general companies, etc.

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