๐น Adj. EPS: (RMB 0.08) (Est. RMB -0.62) ๐ข
๐น Revenue: RMB 1.97B (Est. RMB 2B) ๐; +10.9% YoY,
๐น Non-GAAP Gross Margin: 16.6%
Segment Performance:
๐ธ AI Gross Billing: RMB 525M; +228% YoY, now 39% of Public Cloud
๐น Public Cloud Revenue: RMB 1.35B; +14.0% YoY, -4.0% QoQ
๐น Enterprise Cloud Revenue: RMB 616.5M; +4.8% YoY, -25.0% QoQ
Profitability & Expenses:
๐น Cost of Revenue: RMB 1.65B; +11.4% YoY
โโโข IDC Cost: RMB 722.8M; -6.0% YoY
โโโข Depreciation/Amortization: RMB 378.5M; Up significantly YoY
๐น Total OpEx: RMB 552.5M; -2.6% YoY, +17.7% QoQ
โโโข S&M: RMB 144.3M (+23.6% YoY)
โโโข G&A: RMB 182.0M (-16.8% YoY)
โโโข R&D: RMB 226.2M (-2.5% YoY)
Balance Sheet & Cash:
๐น Cash & Equivalents: RMB 2.32B (vs. RMB 2.65B as of Dec 2024)
๐น Outstanding Shares: 3.7B (โ246.9M ADSs)
๐ธ CEO Tao Zou: "Gross billing in AI jumped 228% YoY. AI is becoming core to cloud infrastructure and we are fully committed to sustainable business development."
๐ธ CFO Henry He: โWe posted solid year-over-year growth, but saw seasonal softness QoQ. Leasing helps reduce upfront cash needs but weighs on GPM near term.โ