Jinshanyun (03896) announced results for the first quarter of 2024, with total revenue reaching RMB 1,775.7 billion, a steady increase of 3.1% over the previous month. Gross profit was RMB 293.3 million, a significant increase of 51.0% year over year. Non-GAAP EBITDA was $33.2 million, turning year-on-year and month-on-month losses into profits.
Among them, public cloud service revenue increased 12.9% month-on-month to RMB 1,1887.4 billion. This increase was mainly due to revenue contributions from artificial intelligence customers. Revenue from public cloud services increased 2.9% year over year. The year-on-year increase was mainly due to increased demand for artificial intelligence, and was partially offset by a reduction in the scale of CDN services.