DevvStream

Aurora Mobile Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

12 March 2024

SHENZHEN, China, March 12, 2024 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “We have seen a great Q4 results driven by growth in top-lines and improvement in operational efficiency.

Firstly, in Q4 of 2023 we have recorded, for the first time in history, consecutive quarters of positive adjusted EBITDA. Secondly, our total revenue grew every single quarter in 2023. Similarly, Developer Subscription revenues also recorded sequential revenue growth in all quarters of 2023. Fourthly, our gross profits also grew in every quarter of 2023. Last but not least, our overseas messaging service platform, EngageLab, continued to expand globally and record great results this quarter.

For our total group revenues, we achieved positive growth of 5% quarter-over-quarter driven mainly by the growth in Developer Services revenues. Subscription Services revenues were RMB48.8 million, up 5% both year-over-year and quarter-over-quarter. This was mainly driven by increases in both ARPU and customer numbers year-over-year and quarter-over-quarter. Within the year 2023, the Subscription Services revenues grew sequentially in all 4 quarters mainly due to the steady increase in ARPU throughout the year. Value-added services revenues were RMB6.8 million, decreased by 60% year-over-year, which was due to reduced demands, but increased by 38% quarter-over-quarter. Vertical applications had a tough quarter where revenue recorded single-digit decline both year-over-year and quarter-over-quarter.

EngageLab business continued to see great growth between the quarters where global customer number grew by more than 70% and cumulative contract value grew by more than 50%. We are very pleased with the growth trajectory and looking forward to more growth going forward.”

Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “Through our tight expense control, operating expenses have decreased by 36% year-over-year in Q4 of 2023. More importantly, on an annual basis, we managed to reduce our operating expenses by RMB108.0 million, putting us in a great position to achieve better results going forward.

Our AR turnover days quarter-over-quarter improved by a 2 days reduction to 38 days in this quarter. Total Deferred Revenue, which represents cash collected in advance from customers for future contract performance, continued to be at high balance of RMB141.5 million. This is the 8th consecutive quarter where our deferred revenue balance has exceeded RMB130 million. In this quarter, we achieved net operating cash inflow of RMB11.4 million.”

Fourth Quarter 2023 Financial Highlights

  • Revenues were RMB77.4 million (US$10.9 million), a decrease of 11% year-over-year.
  • Cost of revenues was RMB24.1 million (US$3.4 million), a decrease of 11% year-over-year.
  • Gross profit was RMB53.3 million (US$7.5 million), a decrease of 11% year-over-year.
  • Total operating expenses were RMB61.2 million (US$8.6 million), a decrease of 36% year-over-year.
  • Net loss was RMB17.9 million (US$2.5 million), compared with a net loss of RMB31.8 million for the same quarter last year.
  • Net loss attributable to Aurora Mobile Limited’s shareholders was RMB17.9 million (US$2.5 million), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB32.7 million for the same quarter last year.
  • Adjusted net loss (non-GAAP) was RMB1.8 million (US$0.3 million), compared with a RMB6.6 million adjusted net loss for the same quarter last year.
  • Adjusted EBITDA (non-GAAP) was at positive RMB0.1 million (US$21 thousand), compared with a positive RMB0.6 million for the same quarter last year.

Fourth Quarter 2023 Financial Results

Revenues were RMB77.4 million (US$10.9 million), a decrease of 11% from RMB86.9 million in the same quarter of last year, attributable to a 12% decrease in revenue from Developer Services (mainly due to weakness in Value-Added Service revenue) and a 8% decrease in revenue from Vertical Applications.

Cost of revenues was RMB24.1 million (US$3.4 million), a decrease of 11% from RMB27.1 million in the same quarter of last year. The decrease was mainly due to a RMB7.5 million decrease in media cost, and offset by a RMB1.6 million increase in short messaging cost and a RMB2.2 million increase in technical service fee.

Gross profit was RMB53.3 million (US$7.5 million), a decrease of 11% from RMB59.8 million in the same quarter of last year.

Total operating expenses were RMB61.2 million (US$8.6 million), a decrease of 36% from RMB95.4 million in the same quarter of last year.

  • Research and development expenses were RMB27.1 million (US$3.8 million), a decrease of 23% from RMB35.0 million in the same quarter of last year, mainly due to a RMB2.4 million decrease in personnel costs, a RMB5.0 million decrease in bandwidth cost, and a RMB4.6 million decrease in depreciation expense. The impact is partially offset by a RMB5.1 million increase in cloud cost.
  • Sales and marketing expenses were RMB22.1 million (US$3.1 million), a decrease of 10% from RMB24.5 million in the same quarter of last year, mainly due to a RMB3.0 million decrease in personnel costs.
  • General and administrative expenses were RMB12.1 million (US$1.7 million), a decrease of 66% from RMB35.9 million in the same quarter of last year, mainly due to a RMB22.4 million decrease in long-lived assets impairment.

Loss from operations was RMB7.9 million (US$1.1 million), compared with RMB35.6 million in the same quarter of last year.

Net Loss was RMB17.9 million (US$2.5 million), compared with RMB31.8 million in the same quarter of last year.

Adjusted net loss (non-GAAP) was RMB1.8 million (US$0.3 million), compared with RMB6.6 million in the same quarter of last year.

Adjusted EBITDA (non-GAAP) was at positive RMB0.1 million (US$21 thousand) compared with a positive RMB0.6 million for the same quarter of last year.

The cash and cash equivalents and restricted cash were RMB115.0 million (US$16.2 million) as of December 31, 2023 compared with RMB116.3 million as of December 31, 2022.

Fiscal year 2023 Financial Highlights

  • Revenues were RMB290.2 million (US$40.9 million), a decrease of 12% year-over-year.
  • Cost of revenues was RMB90.9 million (US$12.8 million), a decrease of 12% year-over-year.
  • Gross profit was RMB199.3 million (US$28.1 million), a decrease of 12% year-over-year.
  • Total operating expenses were RMB250.2 million (US$35.2 million), a decrease of 30% year-over-year.
  • Net loss was RMB63.9 million (US$9.0 million), compared with a net loss of RMB108.5 million in 2022.
  • Net loss attributable to Aurora Mobile Limited’s shareholders was RMB62.7 million (US$8.8 million), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB107.0 million in 2022.
  • Adjusted net loss (non-GAAP) was RMB20.1 million (US$2.8 million), compared with a RMB56.5 million adjusted net loss in 2022.
  • Adjusted EBITDA (non-GAAP) was at negative RMB7.4 million (US$1.1 million), compared with a negative RMB23.0 million in 2022.

Fiscal year 2023 Financial Results

Revenues were RMB290.2 million (US$40.9 million), a decrease of 12% from RMB328.8 million in 2022, attributable to a 13% decrease in revenue from Developer Services (mainly due to weakness in Value-Added Service revenue) and a 9% decrease in revenue from Vertical Applications.

Cost of revenues was RMB90.9 million (US$12.8 million), a decrease of 12% from RMB103.1 million in 2022. The decrease was mainly due to a RMB30.7 million decrease in media cost, and offset by a RMB5.9 million increase in short message cost, a RMB8.7 million increase in technical service fee and a RMB2.5 million increase in cloud cost.

Gross profit was RMB199.3 million (US$28.1 million), a decrease of 12% from RMB225.8 million in 2022.

Total operating expenses were RMB250.2 million (US$35.2 million), a decrease of 30% from RMB358.2 million in last year.

  • Research and development expenses were RMB121.8 million (US$17.2 million), a decrease of 21% from RMB154.5 million in last year, mainly due to a RMB12.8 million decrease in personnel costs, a RMB12.0 million decrease in bandwidth cost, and a RMB17.0 million decrease in depreciation expense. The impact is partially offset by a RMB11.3 million increase in cloud cost.
  • Sales and marketing expenses were RMB82.7 million (US$11.6 million), a decrease of 16% from RMB98.3 million in last year, mainly due to a RMB17.0 million decrease in personnel costs.
  • General and administrative expenses were RMB45.7 million (US$6.4 million), a decrease of 57% from RMB105.4 million in last year, mainly due to a RMB22.4 million decrease in long-lived assets impairment, a RMB13.0 million decrease in personnel costs, a RMB8.8 million decrease in professional fee, and a one-time RMB7.6 million gain on disposal of property and equipment.

Loss from operations was RMB50.9 million (US$7.2 million), compared with RMB132.4 million in 2022.

Net Loss was RMB63.9 million (US$9.0 million), compared with RMB108.5 million in 2022.

Adjusted net loss (non-GAAP) was RMB20.1 million (US$2.8 million), compared with RMB56.5 million in 2022.

Adjusted EBITDA (non-GAAP) was at negative RMB7.4 million (US$1.1 million) compared with a negative RMB23.0 million in 2022.

Update on Share Repurchase

As of December 31, 2023, the Company had repurchased a total of 187,691 ADS, of which 53,425 ADSs, or around US$121.2 thousand were repurchased during the fourth quarter in 2023. ADS refers to American Depositary Shares, each 3 ADS representing 40 Class A common shares.

The Company’s board of directors has extended its previous share repurchase program and also approved a new program under which the Company may repurchase up to US$5 million of its shares until December 31, 2024. The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash balance.

Conference Call

The Company will host an earnings conference call on Tuesday, March 12, 2024 at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Beijing time on the same day).

All participants must register in advance to join the conference using the link provided below. Please dial in 15 minutes before the call is scheduled to begin. Conference access information will be provided upon registration.

Participant Online Registration: https://register.vevent.com/register/BId10de20d3a844f879ebd944ed635ee57

A live and archived webcast of the conference call will be available on the Investor Relations section of Aurora Mobile’s website at https://ir.jiguang.cn/.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses two non-GAAP measures, adjusted net loss and adjusted EBITDA, as a supplemental measure to review and assess its operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net loss as net loss excluding share-based compensation, reduction in force charges, share of loss from equity method investment, impairment of long-lived assets, impairment of long-term investments and change in fair value of foreign currency swap contract. The Company defines adjusted EBITDA as net loss excluding interest expense, depreciation of property and equipment, amortization of intangible assets, amortization of land use right, income tax expenses/(benefits), share-based compensation, reduction in force charges, share of loss from equity method investment, impairment of long-lived assets, impairment of long-term investments and change in fair value of foreign currency swap contract.

The Company believes that adjusted net loss and adjusted EBITDA help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that it includes in loss from operations and net loss.

The Company believes that adjusted net loss and adjusted EBITDA provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by the management in their financial and operational decision-making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using adjusted net loss and adjusted EBITDA is that they do not reflect all items of income and expense that affect the Company’s operations. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.

Reconciliations of the non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

About Aurora Mobile Limited

Founded in 2011, Aurora Mobile is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises' digital transformation.

For more information, please visit https://ir.jiguang.cn/.

For investor and media inquiries, please contact: 
Aurora Mobile Limited 
This email address is being protected from spambots. You need JavaScript enabled to view it.

Christensen 
In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. 

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Footnote:

This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.0999 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of December 29, 2023.

 
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share data)
               
  Three months ended Twelve months ended
  December 31,
2022
 September 30,
2023
 December 31,
2023
 December 31,
2022
 December 31,
2023
  RMB RMB RMB US$ RMB RMB US$
               
Revenues 86,914  74,058  77,410  10,903  328,822  290,232  40,878 
Cost of revenues (27,118) (21,756) (24,129) (3,398) (103,057) (90,946) (12,809)
Gross profit 59,796  52,302  53,281  7,505  225,765  199,286  28,069 
Operating expenses              
Research and development (35,009) (32,797) (27,085) (3,815) (154,476) (121,806) (17,156)
Sales and marketing (24,480) (21,750) (22,056) (3,107) (98,324) (82,705) (11,649)
General and administrative(1) (35,893) (5,436) (12,071) (1,700) (105,404) (45,653) (6,430)
Total operating expenses (95,382) (59,983) (61,212) (8,622) (358,204) (250,164) (35,235)
Loss from operations (35,586) (7,681) (7,931) (1,117) (132,439) (50,878) (7,166)
Foreign exchange gain/(loss), net 847  26  49  7  (2,866) (18) (3)
Interest income 406  269  247  35  2,321  1,200  169 
Interest expenses (321) (209) (158) (22) (3,136) (808) (114)
Share of loss from equity method investment -  -  (450) (63) -  (450) (63)
Other income/ (expenses) 2,308  411  (9,843) (1,386) 26,318  (13,630) (1,920)
Change in fair value of structured deposits 7  11  6  1  59  30  4 
Change in fair value of foreign currency swap contract 74  -  -  -  838  -  - 
Loss before income taxes (32,265) (7,173) (18,080) (2,545) (108,905) (64,554) (9,093)
Income tax benefits 480  177  136  19  455  642  90 
Net loss (31,785) (6,996) (17,944) (2,526) (108,450) (63,912) (9,003)
Less: net income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interests 871  (225) (48) (7) (1,486) (1,163) (164)
Net loss attributable to Aurora Mobile Limited’s shareholders (32,656) (6,771) (17,896) (2,519) (106,964) (62,749) (8,839)
Net loss attributable to common shareholders (32,656) (6,771) (17,896) (2,519) (106,964) (62,749) (8,839)
Net loss per share, for Class A and Class B common shares:              
Class A and B Common Shares - basic and diluted (0.41) (0.08) (0.23) (0.03) (1.35) (0.79) (0.11)
Shares used in net loss per share computation:              
Class A Common Shares - basic and diluted 62,674,291  62,731,319  62,310,910  62,310,910  62,296,172  62,686,822  62,686,822 
Class B Common Shares - basic and diluted 17,000,189  17,000,189  17,000,189  17,000,189  17,000,189  17,000,189  17,000,189 
Other comprehensive (loss)/income              
Foreign currency translation adjustments (1,447) (343) (721) (102) 5,853  919  129 
Total other comprehensive (loss)/income, net of tax (1,447) (343) (721) (102) 5,853  919  129 
Total comprehensive loss (33,232) (7,339) (18,665) (2,628) (102,597) (62,993) (8,874)
Less: comprehensive income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interests 871  (225) (48) (7) (1,486) (1,163) (164)
Comprehensive loss attributable to Aurora Mobile Limited’s shareholders (34,103) (7,114) (18,617) (2,621) (101,111) (61,830) (8,710)
               
               
(1) Starting from January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses.

 

AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
       
  As of
  December 31,
2022
 December 31,
2023
  RMB RMB US$
ASSETS      
Current assets:      
Cash and cash equivalents 116,128  114,521  16,130 
Restricted cash 132  486  68 
Accounts receivable 29,727  34,344  4,837 
Prepayments and other current assets 30,401  20,225  2,849 
Amounts due from a related party 255  -  - 
Total current assets 176,643  169,576  23,884 
Non-current assets:      
Long-term investments 141,901  112,912  15,903 
Property and equipment, net 14,947  1,433  202 
Operating lease right-of-use assets 33,756  4,081  575 
Intangible assets, net 23,947  17,941  2,527 
Goodwill 37,785  37,785  5,322 
Other non-current assets 4,128  5,387  759 
Total non-current assets 256,464  179,539  25,288 
Total assets 433,107  349,115  49,172 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND SHAREHOLDERS’ EQUITY      
Current liabilities:      
Short-term loan 5,000  -  - 
Accounts payable 18,169  21,073  2,968 
Deferred revenue and customer deposits 138,804  141,518  19,932 
Operating lease liabilities 18,133  4,007  564 
Accrued liabilities and other current liabilities 75,333  74,682  10,519 
Total current liabilities 255,439  241,280  33,983 
Non-current liabilities:      
Deferred revenue 3,585  -  - 
Operating lease liabilities 6,959  629  89 
Deferred tax liabilities 4,824  4,166  587 
Other non-current liabilities 4,058  563  79 
Total non-current liabilities 19,426  5,358  755 
Total liabilities 274,865  246,638  34,738 
Redeemable noncontrolling interests 30,552  -  - 
Shareholders’ equity:      
Common shares 50  50  7 
Treasury shares (1,689) (2,453) (345)
Additional paid-in capital 1,037,007  1,045,285  147,225 
Accumulated deficit (925,982) (989,320) (139,343)
Accumulated other comprehensive income 18,304  19,223  2,708 
Total Aurora Mobile Limited’s shareholders’ equity 127,690  72,785  10,252 
Noncontrolling interests -  29,692  4,182 
Total shareholders’ equity 127,690  102,477  14,434 
Total liabilities, redeemable noncontrolling interests and shareholders’ equity 433,107  349,115  49,172 

 

AURORA MOBILE LIMITED
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
               
  Three months ended Twelve months ended
  December 31,
2022
 September 30,
2023
 December 31,
2023
 December 31,
2022
 December 31,
2023
  RMB RMB RMB US$ RMB RMB US$
Reconciliation of Net Loss to Adjusted Net (Loss)/ Income:              
Net loss (31,785) (6,996) (17,944) (2,526) (108,450) (63,912) (9,003)
Add:              
Share-based compensation 861  2,848  1,520  214  15,515  11,574  1,630 
Reduction in force charges 1,584  619  3,480  490  7,487  5,838  822 
Share of loss from equity method investment -  -  450  63  -  450  63 
Impairment of long-term investments 415  5,604  10,655  1,501  7,431  25,919  3,651 
Impairment of long-lived assets 22,400  -  -  -  22,400  -  - 
Change in fair value of foreign currency swap contract (74) -  -  -  (838) -  - 
Adjusted net (loss)/ income (6,599) 2,075  (1,839) (258) (56,455) (20,131) (2,837)
Reconciliation of Net Loss to Adjusted EBITDA:              
Net loss (31,785) (6,996) (17,944) (2,526) (108,450) (63,912) (9,003)
Add:              
Income tax (benefits)/ expenses (480) (177) (136) (19) (455) (642) (90)
Interest expenses 321  209  158  22  3,136  808  114 
Depreciation of property and equipment 5,517  868  448  63  24,371  5,301  747 
Amortization of intangible assets 1,631  1,519  1,509  213  6,043  6,223  876 
Amortization of land use right 183  -  -  -  366  994  140 
EBITDA (24,613) (4,577) (15,965) (2,247) (74,989) (51,228) (7,216)
Add:              
Share-based compensation 861  2,848  1,520  214  15,515  11,574  1,630 
Reduction in force charges 1,584  619  3,480  490  7,487  5,838  822 
Share of loss from equity method investment -  -  450  63  -  450  63 
Impairment of long-term investments 415  5,604  10,655  1,501  7,431  25,919  3,651 
Impairment of long-lived assets 22,400  -  -  -  22,400  -  - 
Change in fair value of foreign currency swap contract (74) -  -  -  (838) -  - 
Adjusted EBITDA 573  4,494  140  21  (22,994) (7,447) (1,050)

 

AURORA MOBILE LIMITED
UNAUDITED SAAS BUSINESSES REVENUE
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
               
  Three months ended Twelve months ended
  December 31,
2022
 September 30,
2023
 December 31,
2023
 December 31,
2022
 December 31,
2023
  RMB RMB RMB US$ RMB RMB US$
               
Developer Services 63,222  51,534  55,581  7,828  235,231  204,652  28,824 
Subscription 46,331  46,659  48,830  6,877  160,722  173,523  24,440 
Value-Added Services 16,891  4,875  6,751  951  74,509  31,129  4,384 
Vertical Applications 23,692  22,524  21,829  3,075  93,591  85,580  12,054 
Total Revenue 86,914  74,058  77,410  10,903  328,822  290,232  40,878 
Gross Profits 59,796  52,302  53,281  7,505  225,765  199,286  28,069 
Gross Margin 68.8% 70.6% 68.8% 68.8% 68.7% 68.7% 68.7%

 


Sign Up To Get Daily Green Stock News In Your Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

STOCK QUOTE

FEATURED GREEN STOCK

Sienna Resources

Sienna Resources is at the forefront of the battery metals revolution. The company is one of the largest landholders in the prolific Clayton Valley district, which is the only lithium producing region in the United States and located just miles...

CLICK TO LEARN MORE

FEATURED GREEN STOCK

Surf Air Mobility

Surf Air Mobility is a regional air mobility platform expanding the category of regional air travel to reinvent flying through the power of electrification. In an effort to substantially reduce the cost and environmental impact of...

CLICK TO LEARN MORE

COPYRIGHT ©2022 GREEN STOCK NEWS