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Jinshanyun equity exposure: Xiaomi 12.3% seeking dual listing in Hong Kong

via:凤凰网     time:2022/5/14 16:05:42     readed:30

Lei Jianping reported on May 14

As of March 31, 2022, Kingshan Software owned 39%, Xiaomi 12.3%, First Trust Portfolios L.P 5.6% and Yulin Wang, Kingshan's CEO, 1.5%, according to a 20-F filing with the SEC.


As of March 31, 2022, The shareholding structure of Jinshanyun

As of March 31, 2021, Kingsoft Group holds 42.5% equity of Jinshan Cloud and is the major shareholder; Xiaomi is the second-largest shareholder with 13.4 per cent, while Mr Wang has 1.8 per cent.


As of March 31, 2021, The shareholding structure of Jinshanyun

Comparison can be found that the number of wang Yulin holding a small reduction.

According to the financial report, Jinshan Cloud suffered a net loss of 1.111 billion yuan in 2019, 962 million yuan in 2020 and 1.592 billion yuan (about 250 million U.S. dollars) in 2021. The adjusted net loss was 417 million yuan, 119 million yuan and 522 million yuan (about 81.98 million U.S. dollars), respectively.

As of December 31, 2021, Jinshan Cloud held cash and cash equivalents of 4.457 billion Yuan (approximately US $700 million).

As of today, Jinshan Cloud shares are trading at $3.46, giving it a market capitalization of $843 million.

Recently, Jinshan Cloud disclosed that the company is exploring dual listing on the main board of the Hong Kong Stock Exchange, in order to better provide the company's shareholders with more abundant liquidity and security in the current market and regulatory environment.

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