Summary by Moomoo AI
Goldbutterfly International Software Group Limited issued a voluntary announcement on April 16, 2024, updating its latest quarterly business development. The company continues to pursue a strategy to transform the cloud subscription model and develop diversified products for different enterprise markets. As of March 31, 2024, the annual recurring revenue of Goldbutterfly Cloud subscription services reached approximately RMB29.8 billion, an increase of 28% over the same period last year. THE NET RENEWAL RATES OF THE FLAGSHIP PRODUCTS GOLDEN BUTTERFLY CLOUD, PANICLE & STARFISH, GOLDEN BUTTERFLY CLOUD, STAR CLOUD AND GOLDEN BUTTERFLY FUNNEL CLOUD ARE 97%, 95%, 91% AND 87%, RESPECTIVELY. During this period, Goldbutterfly International successfully signed contracts with several well-known companies such as China Oil and Gas Group, Longhu Group. The announcement reminds shareholders and potential investors that the operating data provided is unaudited and should not be overly reliant on transaction decisions.