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Big data and artificial intelligence are the new profit growth points in the future.

Editor’s note: This article is from the WeChat public account “I knew it early” (ID: ipozaozhidao), author Uncle C.

According to the IPO, UCloud Youkude Technology Co., Ltd. (referred to as “Youkude”, 688158.SH) was listed on the Science and Technology Innovation Board today. Youkude issued a price of 33.23 yuan / share, and this public issue of 58.5 million shares, accounting for 13.85% of the total issued share capital.

The opening price of Youku was 72.00 yuan, a 116% increase over the issue price. As of 9:50, the stock price was 65.90 yuan, a 98.31% increase from the issue price, and the market value reached 27.8 billion yuan.

UCloud is a neutral and secure cloud computing service platform. It insists on neutrality and does not get involved in customer business. The company independently researches and develops a series of cloud computing products such as IaaS, PaaS, big data circulation platform, and AI service platform, and deeply understands the business needs of the Internet and traditional enterprises in different scenarios. Comprehensive industry solutions included.

UCloud was established in March 2012. In 2013, it won a round A investment from DCM and Bertelsmann. In 2014, it was led by Junlian Capital and Bertelsmann, and in a round B investment invested by DCM. In 2015, it was awarded by Junlian Capital. Investment in round C investment; in 2017, he won round D investment of Yuanhe Chongyuan and Zhongjin Jiazi. In 2018, it won the E round investment of China Mobile Investment Corporation, and the two parties reached a strategic cooperation. Youkude is also the first company with different rights in the same stock and the first company listed on the second set of standards of the science and technology board.

Relying on the company’s global deployment of 32 green data centers in Moscow, São Paulo, Lagos, Jakarta, etc., as well as 11 ground service stations in North China, Shanghai, Guangzhou, Shenzhen, Hangzhou, etc., UCloud has already reached tens of thousands worldwide Enterprise-level customers provide cloud service support, and the number of indirect service end users reaches hundreds of millions.

UCloud business has covered many industries including Internet, finance, new retail, manufacturing, education, government, etc. In September 2018, the company completed the layout of data centers in 15 overseas regions and fully advanced its overseas strategy.

The prospectus shows that the public cloud has been the company ’s core business since its establishment and is the main component of the company ’s operating income during the reporting period; private clouds and hybrid clouds have been the company ’s key development areas in recent years, and the amount of revenue has grown rapidly; Data and artificial intelligence business are areas where the company focuses on R & D investment, and the current revenue shareNot high, it is expected to become the company’s new profit growth point in the future.

Youkude profit model Source: Prospectus

In 2016, 2017, 2018, and January-June 2019, UCloud’s operating income was 516 million yuan, 840 million yuan, 1.187 billion yuan, and 699 million yuan. The revenue scale during the reporting period was rapid. In 2017 and 2018, the year-on-year growth was 62.60% and 41.39% respectively; in the first six months of 2019, the year-on-year growth was 32.13% compared with the first six months of 2018.

According to the prospectus, according to the priority of the investment project, the net proceeds raised after deducting the issuing fee will be used to invest in the multimedia cloud platform project, the application data security circulation platform project in the network environment, and the new generation artificial intelligence service platform project. 3. Youkude Data Center Project (Phase 1 and Phase 2) in Jining District, Wulanchabu City, Inner Mongolia.