Zhitong Finance App learned that on April 30, Jinshanyun (KC.US, 03896.HK) released the 2023 US and Hong Kong Stock Annual Report and the “Environmental, Social and Corporate Governance Report” (hereinafter referred to as the “ESG Report”). Guided by a high-quality sustainable development strategy, while Jinshanyun's 2023 performance achieved steady and high-quality development, it also made positive contributions in terms of social responsibility and environmental protection, laying a solid foundation for the company's long-term development.

Specifically, benefiting from innovation in technical capabilities and customer service optimization, Jinshan Cloud's 2023 performance achieved steady and high-quality development, and profitability continued to be optimized. According to annual report data, Jinshanyun's annual revenue was 7.047 billion yuan, adjusted gross profit of 860 million yuan, and adjusted gross profit margin of 12.2%. Compared with last year, a sharp increase of 6.8 percentage points over last year, the normalized adjusted EBITDA ratio was -3.4%, which is significantly narrower than last year.

At the same time, as one of the well-known cloud service providers in China, Jinshanyun continues to pay attention to its environmental and social responsibilities in development, actively promotes the sustainable development of society and itself through practical actions, and has been recognized by the public and industry. After publishing social responsibility reports for 4 consecutive years, the company was selected for the first S&P Global (S&P Global) “Sustainability Yearbook (China Edition) 2023”.

The report shows that Jinshanyun has performed well in many areas. In terms of talent training, the Wuhan R&D center was built, reaching a total of more than 500 people, accounting for 40% of R&D by the end of 2023; in terms of environmental protection, Jinshanyun continued to implement a green and low-carbon development strategy, disclosing for the first time the full year three carbon emission data, including outsourced goods and services, capital goods, employee commuting, employee travel, fuel and energy-related activities; in terms of supply chain management, on the basis of following the principles of fairness, honesty, common prosperity and transparency, it held a core partner supplier event with the theme of “Work together to discuss the future” New partnerships to promote sustainable supply chain development.

In addition, the company assisted the Beijing Intellectual Property Protection Association and related enterprises to jointly establish the first native, cross-industry “data asset management and processing ecosystem” patent pool in the domestic digital economy to improve the efficiency and monetization capacity of idle intellectual property resources.

Zou Tao, Vice Chairman and CEO of Jinshanyun, said, “2023 is an important year for the company's development. The implementation of a high-quality sustainable development strategy has been effective, the company's operation is steady, and profitability continues to be optimized. Looking forward to the future, we will insist on strengthening technology and deepening services to create value for customers and society. We will also continue to deepen the implementation of the concepts of information disclosure, social responsibility and sustainable development to lay a solid foundation for the long-term sustainable development of the company.”