392 yuan / share! CITIC Securities calls out the highest target price of Jinshan Office

category:Finance
 392 yuan / share! CITIC Securities calls out the highest target price of Jinshan Office


In terms of performance, Jinshan offices revenue in 2019 was 1.58 billion yuan, up 39.82% year-on-year, and the net profit attributable to listed shareholders was 400 million yuan, up 28.94% year-on-year. According to the first quarter report in 2020, Jinshan office revenue is 372 million yuan, an increase of 30.9% year on year; net profit is 110 million yuan, an increase of 130.87% year on year. The expectation of the market mainly comes from the remote office demand generated by the epidemic, which will be good for cloud office products such as Jinshan documents. According to the research report, Jinshan document is a new product of Jinshan office. It focuses on the document editing of online real-time collaboration of multiple people, and fully connects with WPS data. It is a key link for Jinshan office to realize the strategy of collaborative office and cloud integration. During the epidemic period, the number of active users of Jinshan document was in a blowout, with education, e-commerce, community and other scenarios most prominent. As of March 2020, the product Mau reached 239 million. In the trend of cloud office, Jinshan document will help WPS to build a closed-loop network effect and improve user stickiness and transformation. Source: responsible editor of 21st century economic report: Yang Bin_ NF4368

In terms of performance, Jinshan offices revenue in 2019 was 1.58 billion yuan, up 39.82% year-on-year, and the net profit attributable to listed shareholders was 400 million yuan, up 28.94% year-on-year. According to the first quarter report in 2020, Jinshan office revenue is 372 million yuan, an increase of 30.9% year on year; net profit is 110 million yuan, an increase of 130.87% year on year.

The expectation of the market mainly comes from the remote office demand generated by the epidemic, which will be good for cloud office products such as Jinshan documents.

According to the research report, Jinshan document is a new product of Jinshan office. It focuses on the document editing of online real-time collaboration of multiple people, and fully connects with WPS data. It is a key link for Jinshan office to realize the strategy of collaborative office and cloud integration. During the epidemic period, the number of active users of Jinshan document was in a blowout, with education, e-commerce, community and other scenarios most prominent. As of March 2020, the product Mau reached 239 million. In the trend of cloud office, Jinshan document will help WPS to build a closed-loop network effect and improve user stickiness and transformation.