A sudden new crown pneumonia epidemic has greatly stimulated the outbreak of the cloud services industry.
IDC report released by the epidemic affected, cloud computing technology from the Internet to non-Internet, producing a profound impact on society as a whole way of life, and pointed out that from 2018 to 2022 our public cloud market compound growth rate of 39.91 percent, in 2022 the market size will reach $ 27.531 billion.
Moment, to speed up the current enterprises resume production resumed work, the Ministry of Industry issued "on the use of a new generation of information technology support services to return to work and resume production epidemic prevention and control work," and other related documents. With the support of the policy, the cloud computing industry is showing a spurt of development of the state, the cloud services market thriving.
However, it is known as "China's first cloud computing stocks," the actor was carved (UCloud) company, the day did not imagine better.
The company was carved excellent financial results in 2019, 2019, owned by the parent net profit for the year 21,067,600 yuan, down 72.71 percent year on year; to achieve his maternal buckle non-profit 5.7075 million yuan, up sharply 92.84%. In addition, the share price has also unsatisfactory. Recently, A-share concept of cloud computing sector continued strength, however, was carved excellent contrarian fell 9.66% in early March, turnover was 24.83 percent, the largest single net capital outflow of 251 million yuan.
Obviously, only just listed more than a month of excellent moment was so disappointed investors, but it seems far more than that ......
IPO performance decline no match for "torrent"
Excellent moment was founded in 2012, with only the title of "neutral cloud service providers," won the favor of many of the industry's great coffee.
Public information, obtained in 2017 was excellent carved D round of financing of 960 million yuan, breaking the previous record of financing cloud computing company, becoming the highest among the company's total financing cloud computing. By the end of 2019, it has been excellent moment was seven and a financing equity financing, valuation of 114 billion yuan.
Excellent moment was also strongly valuation and the potential to move up the company's influence. 2020 January 20 excellent moment was smooth listed on the Shanghai Stock Exchange Branch board, the stock referred to as "excellent moment too", stock code is "688158", China's first cloud computing stocks, but also the Chinese A-share market first with different weights shares of listed companies. The day the stock opened 72 yuan, the issue price of 33.23 yuan, up 119.53 percent increase contact, once the market value of 300 billion yuan, earnings soared to nearly two thousand.
Ji Xin Hua You have carved chairman, CEO and president, said: "landing Kechuang board is excellent moment was a new start, a new starting point for the beginning of the journey was excellent moment will always focus through innovative technology development and product applications scale to meet and. exceed customer demand, to promote the development of China's cloud computing industry to make its due contribution. "
Unfortunately, this story dazzling data also failed to stop the performance was excellent carved into a decline in bad situation.
Excellent moment was the company's financial data show that revenue growth in 2017 reached 62.60% of the highest value since been in decline. 2019 revenues of only 1.512 billion yuan, the growth rate dropped to 27.35 percent, the growth rate is not only lower than expected Chinese Academy of communications industry overall growth rate of 36.3%, and compared with Ali cloud, Microsoft Azure, excellent revenue was carved the difference of the growth rate of more than 2 times.
Net profit, plus a record net profit of the company was carved in 2019 was 21.0679 million yuan, compared to 77.2123 million yuan last year declined by 72.71 percent ;. Growth in its net profit fell by the maximum value of 135.19% -72.71% 2017 to 2019. Excluding non-recurring gains and losses net profit attributable to equity holders of 5.7075 million yuan, and 79.7261 million yuan over the same period last year dropped 92.84 percent compared to.
Moreover, gross margin was excellent carved and cash flow also decreased. According to the prospectus disclosure, the decline in gross margin was excellent carved from 39.48 percent in 2018 to 30.04% in 2019; by 2018, while cash flow of 446,410,500 yuan fell to 126.916 million yuan in 2019, 71.57 percent decrease year on year.
The face of declining performance, excellent engraved aspect was explained that the company's 2019 annual profit declined, mainly due to the price reduction, increased investment leads to increased server depreciation costs, which the company's major customers have Internet industry overall growth the cloud computing slowdown and fierce market competition and other factors result of a combination.
Having said that, it is not difficult to see that in spite of excellent moment was in a hurry to market, not only did not usher in the dawn of victory, actually more like himself to advance the "abyss" at home.
"Cloud" trapped, unformed new business
Excellent moment was mainly to do cloud computing related services, excellent moment was chairman, CEO and president Ji Xin Hua has said, "UCloud focus on cloud services, users do not get involved in business, the" safety-neutral "as UCloud enabling industry the core concept. "
Vowing "safety-neutral", meaning excellent moment was guaranteed in the customer's business and privacy data such as customer information as not being business competitors easily steal and use.
In addition, faced with the high cost of Ali cloud services provided by Tencent and other giants, small and medium enterprises is not easy to maintain long-term stable overhead. The moment was just as excellent co-founder and chief operating officer Hua Kun said, compared to Ali, Tencent these giants, it is difficult to form a monopoly in demand scattered customer base, in this case, UCloud can provide higher service cost.
With neutral cloud security and product positioning strategy focuses on services for SMEs, excellent moment was achieved considerable success.
The company's financial report shows that in the 2016-2019 years, the company's operating income are as follows: 516 million yuan, 840 million yuan, 11.87 billion yuan and 1.512 billion yuan, revenue slowly improved. Tong Ren Tang is now international, Semir, rain doctors, and many small Internet companies offering cloud services covering many areas of manufacturing, retail, finance, games, live and so on.
However, there was excellent moment "backbone" cloud business but everywhere trapped.
According to "China's public cloud services market (2019Q3) Tracking" report, Ali and Tencent these two strong companies occupying more than 50% market share.
Ali cloud side said, has 59% of domestic listed companies to use Ali cloud computing services, and has become the first choice in digital government, the new finance and new retail. Tencent cloud said, by the end of 2019, already has more than 200 IaaS, PaaS and SaaS products, super 90 kinds of industry solutions and common customer service has more than 200,000.
Huawei more, Jingdong, Jinshan influx of competitors. In the second quarter of 2019, Huawei's cloud IaaS + PaaS overall market growth of over 350%, making it the fastest-growing vendor in the enterprise, its market share rose to fourth and maintained.
Glimpse of public cloud increasingly fierce market competition, we have made excellent moment: the next three years, the company will focus on breaking the traditional industry clients, to help customers upgrade traditional industries, and private cloud services is to expand the traditional business customers a good entry point.
Be worse, have excellent carved large customers constantly by other competitors, "poached", retained customers into the problem.
It is reported excellent moment was lost customers include Guangdong Chan and three-dimensional Home Information Technology Co., Ltd. (referred to as: three-dimensional home). Both companies have excellent carved top five customers, as of the first half of 2019, respectively, for the excellent moment was contributed 16.4832 million yuan and 7.9668 million yuan. At present, there are three-dimensional and praise at home have accepted investment from Tencent Ali, has quit and was carved excellent cooperation.
Under the multi-party fight, excellent moment was the public cloud market share continued to show a downward trend.
According to data firm IDC statistics, the three years between 2015-2018, was carved excellent market share from 4.9%, 4.6%, 4.3% all the way down to 3.4%, the market ranking fell from No. 6 to No. 8, ranked Huawei after the cloud (3.8%). Now, we have excellent moment to be classified as "other" items which, down to the second tier, and face competition from Jingdong cloud, wave clouds, purple clouds and other counterparts.
As the saying goes: "four legs two legs run faster than fast," Sike cloud market, after all, difficult to break bureau. To this end, priority was carved launched "CBA" strategy, namely cloud computing (Cloud Computing), large data (Big Data) and artificial intelligence (AI) Trinity strategy.
Excellent moment was chairman season Xin Hua explained that the implementation of CBA strategy is a progressive process - the first step in the cloud to provide enough computing power, will allow business customers and data into the cloud; the second step, using the cloud the ability to promote credible data flow, data mining greater value; Finally, the cloud of massive computing power and large data combined to achieve a wide range of applications of AI.
However, from the revenue structure, excellent moment too big data and artificial intelligence such new business accounted for less than one percent, and yet also released related products or programs, still in the early exploration stage.
Sea pathfinding, preferably engraved speed gains and losses
Seeing the main industry in the country is blocked, but it is not easy to pry open new business in a short time, the move seems to be to break the impasse again. Faced with such a situation of distress, excellent moment she lay chose another way out - out to sea.
2020 March 13, superior of the Philippines was carved officially provide data center services that are deployed in Southeast Asia, the company's fifth data center. It is reported that the opening of the data center is more preferred to enhance the generation moment too fast Jie cloud host, which enhance performance computing platform 16%; 18-fold order to enhance the throughput, the delay is reduced to 0.1ms; the network is the forwarding capability 10 times the generation, reached 10 million PPS.
In fact, many years ago, we have excellent moment to start laying the groundwork for the sea expedition.
Upon completion of the construction work data node China, Hong Kong, North America and other regions, the introduction of a global network acceleration products PATHX, Rome and overseas on-line hybrid cloud and other cloud services targeted solutions to help game, cross-border electricity supplier industries such as domestic enterprises reduce "sea" resistance.
Official data show that, as of now, the company globally available area amount to 33, covering 26 regions worldwide, including mainland China, Hong Kong, Macao, Taiwan, the Middle East, Europe, America and Southeast Asia and other places, can be used CDN nodes over 500 global inter-regional Line reached 29, including baby has buses, beating, blued, what is worth buying, before long science and technology, cardiac networks, including thousands of business users by optimizing moment was overseas operations.
According to the prospectus disclosure, in the first half of 2016 to 2019, the company was excellent from the moment the amount of revenue outside the data center were 35.7966 million yuan, 66.3605 million yuan, 119,122,800 yuan, 75,394,700 yuan (six months), a CAGR 61.50%, while the proportion of foreign income also increased to 10.79%.
Admittedly, it was carved excellent overseas distribution achieved considerable results. However, in the face of overseas experts excellent moment was still slow.
On the global market, Amazon as early as 18 years ago, started studying cloud computing, cloud services in 2006 on the launch of AWS. According to public disclosure of information, Amazon AWS from 2014 to now firmly sit tight in the global cloud computing industry's first throne, devouring about one-third of the global market share of 3.4% of its market position and excellent share of the domestic market was engraved not on a level, even more difficult to compare talked about.
Meanwhile on the other side, the domestic cloud Ali, Tencent cloud is accelerating layout overseas.
The end of July 2019, Tencent announced cloud enter the Japanese market, to work with game companies Pitaya, Razer, IT company E-business and overseas team Node Pacific (Asia-Pacific node) and so on, and said that overseas business revenue will grow in the coming year 4 to 5 times. Prior to this, Tencent has entered the cloud Americas Asia and Europe and other places in the world, it operates 53 available zones, this amount is about 1 times the optimal moment was.
On R & D investment, the Amazon contrast, Ali, Tencent these giants annual R & D investment of billions or even hundreds of billions excellent moment can be described as pale into insignificance. Tencent's earnings data, research and development expenses for the full year 2019 30.4 billion yuan, increased its share to 9.9%, while revenue cloud services exceeded 17 billion yuan, the growth rate has been higher than the market, the number of paying customers exceeded 100 million.
Furthermore, body mass from operations point of view, Amazon's revenues constitute more diversified, and living in the leading position in the fields of electricity providers, etc., in favor of its business to rapidly deploy and cloud forming. By contrast the advantages and was carved, unitary revenue, volume, small-scale industry if the case of "winter" or funds fracture easily collapse.
All the signs are all indicative of, whether it is the face of Tencent overseas rivals Amazon, Microsoft, or domestic "boss" Ali and newcomers, contrast, although excellent was carved into the cloud industry Bureau of time is not late, but the scale body amount and not others, its R & D strength is weak, suggesting that the future of overseas road is very bumpy.
5G era of a new journey
Despite the current market giant cloud forest, but the cloud computing industry in the future can be expected, still worth gold digger who takes the plunge. Gartner, the industry pointed out that in 2019 the global cloud computing penetration rate is only around 10%, compared to China's penetration rate is still lagging behind.
And with the decentralization of domestic 5G license, which is not only a milestone in the development of the industry, providing a new growth point more development of cloud computing.
In this regard, priority was carved founder and CEO season Xin Hua also said: "With the rapid development of 5G, the cloud will demand even more strongly, 5G high-bandwidth, low-latency and high speed, the stock will increase, boosting the development of cloud computing industry cloud development has just begun. "
5G technology has massive links, features low-latency, large-scale machine communications, and cloud computing technologies will be given to newborn as the underlying IT infrastructure, accelerate the transformation of traditional industries in the digital process, to facilitate the work more efficient, more intelligent people's lives. According to the China Information and Telecommunications Research Institute forecasts that from 2020 to 2025, the scale of China 5G commercial information consumption led to more than 8 trillion yuan, directly contributing to the total economic output reached 10.6 trillion yuan.
Obviously, it is a good opportunity for the arrival of the era of the moment was excellent 5G expansion.
In view of this, we have established excellent moment "5G innovative applications Union" and added, "China Mobile 5G cloud computing alliance" and "China Mobile Laboratory edge computing." Tucson company with unmanned future, AR provider of products and services such as light wind Taiwan joint venture, launched a landing attempt 5G 5G application of cloud gaming, AR intelligent glasses at 5G remote multi-point communications and collaboration.
Meanwhile, the construction of Inner Mongolia Wulanchabu Ning District Data Center, focusing 5G, AI, the Internet industry and other emerging industries for high-performance computing, mass storage resource development needs.
However, 5G era both new machines appear but also accompanied by challenges.
First, cloud computing industry safety supervision needs to be improved, challenging the application of technological capabilities "double-edged sword" of. Although China enacted a number of policies to vigorously promote the development of high-tech industries such as cloud computing, network security law also lists a number of agreements for new technologies like cloud computing management and control, can the industry is still a new thing, after all, the current legal regulators still need some time to supplement and improve. This will be a test at the same time they have carved excellent research and application of technology, the need to pay attention and keep a good regulatory red line a certain distance.
Second, industry talent "shortage" cloud computing management costly. As cloud computing industry has entered a phase of rapid development, but also led the relevant personnel needs presented explosive growth, supply and demand appear. According to the Ministry of Industry statistics predict that the next three years of the cloud computing industry will face a gap of hundreds of thousands of industry professionals, which have the practical ability and innovative, sophisticated compound talents are particularly scarce.
On the other hand, Ali, Tencent, Huawei, Baidu as the representative of the manufacturers, based on their influence, experience and other conditions not only easy to attract candidates, but also to provide better training platform for new candidates, which for excellent moment was recruiting professional and technical personnel is also a great "weakness."
Finally, cloud computing under the blessing 5G technology will enter the state "Everything integration", which means AI, AR, block chain technology will one by one into the integration and application, so buy high configuration servers, personnel transport overhead and maintenance management and other aspects can not a small sum. But, their "blood" lack of capacity was carved excellent affordability?
On the whole, excellent rely carved cloud services revenue was bound to face the problem of funding, recruitment and other aspects of the business. Thus, how tight encirclement hand over a ten respondents in the layers of difficulties in attracting the attention of investors, related to the development of excellent moment was the next process.
Written in the last:
Excellent moment was chairman and CEO Ji Xin Hua once said, "You have to use the moment to prove their tireless struggle, even with the giant waited for opportunities, start-ups and they can succeed. Founded UCloud the beginning of the heart, is calculated using the cloud so that each has the ability write code that people can succeed in this great era. "Reading between the lines all reveal excellent moment was unwilling and desires.
The actor was carved shares rose listed at the beginning, and has appeared in a hundred enterprises in the domestic and global unicorn standings, enough to get a glimpse of the outside world or have certain expectations of them. Meanwhile, under the boost by the epidemic, cloud computing needs focus on the outbreak, the market will be filled with more variables.
Can be embarrassing, excellent cloud services have carved main industry is subjected to pressure from the external environment and competitors, big data and artificial intelligence has not yet formed a new business, results began to show weakness. In a rapidly changing market, and its outcome will be how harder the following conclusion, the only foreseeable that the "plum blossom from the bitter cold", was carved excellent future also withstand high pressure.
Wen / Liu Kuang public number, ID: liukuang110
