Record-Breaking Revenue and Growth
Achieved total revenue of RMB2.23 billion in Q4 2024, marking a 30% year-over-year growth, with Public Cloud revenue growing by 34% and Enterprise Cloud revenue by 23%.
Profitability Milestone
Non-GAAP operating profit turned positive for the first time, with a margin of 1.1%, a 12 percentage point improvement from a previous loss.
AI Business Expansion
AI-related business achieved gross billing of RMB474 million, nearly 500% year-over-year growth, contributing 34% to Public Cloud revenue.
Strategic Ecosystem Partnerships
Revenues from Xiaomi and Kingsoft ecosystem amounted to RMB493 million, up 78% year-over-year, with a future commitment of RMB11.3 billion revenue from 2025 to 2027.
Improved Cash Flow and Margins
Net inflow of operating cash flow reached RMB570.2 million, with a non-GAAP EBITDA margin of 16.1%, a year-over-year increase of 17.7 percentage points.