Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 646,888 thousand, representing a 1.7% increase from RMB 635,963 thousand in the same period of 2023[17]. - Gross profit decreased by 2.1% to RMB 276,971 thousand, down from RMB 282,769 thousand year-over-year[17]. - Profit before tax improved significantly to RMB 21,269 thousand, compared to a loss of RMB 876,353 thousand in the prior year, marking a 102.4% increase[17]. - The total comprehensive income for the period was RMB 16,481 thousand, a substantial recovery from a loss of RMB 881,683 thousand in the previous year, reflecting a 101.9% increase[17]. - Adjusted net profit for the period was RMB 30,714 thousand, up 8.4% from RMB 28,328 thousand in the same period last year[17]. - Adjusted EBITDA for the period was RMB 320,628 thousand, representing a 5.6% increase from RMB 303,546 thousand year-over-year[17]. - The company reported a profit of RMB 16,481 thousand, a significant increase of RMB 898.2 million compared to a loss of RMB 881.7 million for the six months ended June 30, 2023[60]. - For the six months ended June 30, 2024, the company's revenue was RMB 646.9 million, an increase of 1.7% compared to RMB 636.0 million for the same period in 2023[34]. - The company reported a total comprehensive income of RMB 16,481,000 for the six months ended June 30, 2024, compared to a total loss of RMB 881,683,000 for the same period in 2023[145]. Customer Metrics - As of June 30, 2024, the company had 49,737 active customers, representing a year-over-year growth of 10.4%[19]. - The number of subscription customers increased to 48,705, up from 43,976 a year ago[22]. - The company maintained a customer retention rate of 85%, consistent with the previous year[23]. - Active customer count increased to 49,737 in H1 2024, a growth of 10.4% compared to 45,040 in H1 2023[26]. - The number of key accounts rose to 26,436, up 16.4% from 22,709 in the same period last year, with service equipment for key accounts increasing from 83.9% to 86.2%[28]. Equipment and Sales - The number of service devices reached approximately 1,329,721, an increase of 15.6% compared to the previous year[22]. - The company sold 66,324 devices during the period, compared to 48,293 in the previous year[23]. - The number of remanufactured devices reached 438,840, with an average remanufacturing cost of $70 per unit[23]. - The average number of devices per existing customer increased from 28 to 29, while new customers saw an increase from 15 to 17 devices per customer[29]. - The company achieved a net increase of approximately 125,000 devices in H1 2024, a significant improvement from a decrease of 55,000 devices in H1 2023[29]. Revenue Breakdown - Revenue from on-demand office IT integrated solutions was RMB 576.9 million, representing 89.2% of total revenue, and increased by 4.2% from RMB 553.4 million in the previous year[36][37]. - Equipment sales revenue decreased by 13.2% to RMB 64.1 million from RMB 73.9 million, primarily due to a reduction in sales volume[38]. - SaaS and other services revenue fell by 32.1% to RMB 5.9 million from RMB 8.7 million, mainly due to a decrease in system development and external maintenance services[39]. Cost and Expenses - The company's cost of sales for the six months ended June 30, 2024, was RMB 369.9 million, an increase of 4.7% from RMB 353.2 million in the previous year[40]. - General and administrative expenses increased by 32.2% to RMB 70.8 million from RMB 53.6 million, primarily due to increased share-based payment expenses[52]. - Research and development expenses decreased by 16.6% to RMB 33.0 million from RMB 39.5 million for the six months ended June 30, 2023, due to lower cloud server rates and reduced labor costs[51]. Shareholder and Equity Information - The total number of issued ordinary shares is 579,706,850[100]. - Dr. Ji holds 77,372,780 shares, representing 13.35% of the company's equity[103]. - Mr. Zhang holds 51,581,860 shares, representing 8.90% of the company's equity[103]. - The company repurchased a total of 4,041,500 shares for a total consideration of approximately HKD 7,682,344, with the highest price per share being HKD 3.69 and the lowest price being HKD 1.15[91]. - The company did not recommend any interim dividend for the six months ending June 30, 2024[87]. Strategic Initiatives - The company plans to launch several key products in the second half of 2024 to better meet the needs of small and medium-sized enterprises[32]. - The company formed a strategic partnership with Microsoft to enhance AI capabilities, targeting the SME market with new product offerings[30]. - The company aims to increase its investment in research and development to enhance its remanufacturing digital capabilities and reduce average remanufacturing costs[32]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[197]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 25% for the second half of 2024[197]. - New product launches are expected to contribute an additional RMB 100 million in revenue by the end of 2024[197]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[197]. - The company aims to improve operational efficiency, targeting a 15% reduction in costs by the end of 2024[197].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 646,888,000, representing a 1.7% increase from RMB 635,963,000 in the same period of 2023[1] - Gross profit decreased by 2.1% to RMB 276,971,000 compared to RMB 282,769,000 in the prior year[1] - Adjusted net profit for the period was RMB 30,714,000, an increase of 8.4% from RMB 28,328,000 in the previous year[1] - Adjusted EBITDA rose by 5.6% to RMB 320,628,000 from RMB 303,546,000 year-over-year[1] - The company reported a significant turnaround with a profit before tax of RMB 21,269,000 compared to a loss of RMB 876,353,000 in the same period last year, marking a 102.4% improvement[2] - Total comprehensive income for the period was RMB 16,481,000, a substantial recovery from a loss of RMB 881,683,000 in the prior year[2] - The company reported basic and diluted earnings per share of RMB 0.03, recovering from a loss of RMB 4.07 per share in the same period last year[2] - The company reported a profit of RMB 16,481 thousand for the six months ended June 30, 2024, compared to a loss of RMB 881,683 thousand in the same period of 2023[21] - Adjusted net profit (non-IFRS measure) for the six months ended June 30, 2024, was RMB 30.7 million, compared to RMB 28.3 million for the same period in 2023[60] - EBITDA (non-IFRS measure) for the six months ended June 30, 2024, was RMB 306.4 million, compared to a loss of RMB 606.5 million for the same period in 2023[61] Revenue Breakdown - Revenue from on-demand office IT integrated solutions was RMB 334,459,000, down from RMB 553,364,000 year-over-year[9] - The company reported RMB 242,416,000 in revenue from office IT technology subscription services, which was not present in the previous year[10] - Equipment sales generated RMB 64,077,000, a decrease from RMB 73,861,000 in the prior year[9] - SaaS services generated RMB 334,459 thousand for the six months ended June 30, 2024, down 39.6% from RMB 553,364 thousand for the same period in 2023[13] - Revenue from on-demand office IT solutions reached RMB 576.9 million, up 4.2% from RMB 553.4 million in the prior year, attributed to the launch of the self-developed IT device, Yidian Cloud AI01, to meet the needs of SMEs[40] - Equipment sales revenue decreased by 13.2% to RMB 64.1 million from RMB 73.9 million, mainly due to a reduction in sales volume[41] - SaaS and other services revenue fell by 32.1% to RMB 5.9 million from RMB 8.7 million, primarily due to a decrease in system development and external maintenance services[42] Expenses and Costs - Research and development expenses decreased to RMB 32,987,000 from RMB 39,546,000, reflecting a 16.6% reduction[2] - General and administrative expenses increased by 32.2% to RMB 70.8 million from RMB 53.6 million, primarily due to increased share-based payment expenses from newly granted options[52] - The group's total cost of sales for the six months ended June 30, 2024, was RMB 369.9 million, an increase of 4.7% from RMB 353.2 million in the previous year, mainly due to higher costs associated with on-demand office IT solutions[43] - Gross profit decreased by 2.1% to RMB 277.0 million from RMB 282.8 million, with a gross margin of 42.8% compared to 44.5% in the prior year[47] - Financing costs totaled RMB 57,894 thousand, a decrease of 19.2% from RMB 71,713 thousand in the same period last year[20] - Other income for the six months ended June 30, 2024, was RMB 6.8 million, a decrease of 41.9% compared to RMB 11.7 million for the same period in 2023, primarily due to changes in tax incentive policies[53] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 3,264,243,000, slightly down from RMB 3,311,874,000 at the end of 2023[3] - Total liabilities decreased to RMB 2,002,712,000 from RMB 2,079,887,000, indicating improved financial stability[4] - As of June 30, 2024, the company's current assets were RMB 293,048,000 less than current liabilities, indicating liquidity challenges[6] - The company reported a credit loss provision of RMB 150,124 thousand as of June 30, 2024, compared to RMB 135,862 thousand as of December 31, 2023[24] - The company's total liabilities for accounts payable aged within 12 months decreased to RMB 30,910 thousand as of June 30, 2024, from RMB 49,410 thousand as of December 31, 2023[25] Customer Metrics - As of June 30, 2024, the company had 49,737 active customers, representing a year-over-year growth of 10.4%[27] - The number of service devices reached approximately 1.33 million, an increase of 15.6% compared to the previous year[27] - Active customer count increased to 49,737 as of June 30, 2024, up from 45,040 as of June 30, 2023, representing an increase of 10%[31] - Subscription customer count rose to 48,705 as of June 30, 2024, compared to 43,976 as of June 30, 2023, reflecting an increase of 10%[31] - Customer retention rate remained stable at 85% for both June 30, 2023, and June 30, 2024[32] Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes, except for the separation of the roles of Chairman and CEO, which are currently held by the same individual[78] - The company’s board believes that the current structure does not impair the balance of responsibilities between the board and management[78] - The company will continue to review its corporate governance practices to ensure compliance with the corporate governance code[78] - The company emphasizes the importance of compliance with standards and guidelines for directors' share trading, particularly during restricted trading periods[80] Strategic Initiatives - The company received multiple awards for its ESG practices, including the "2024 Green Manufacturing Model Award" and the "Annual Outstanding Environmental Responsibility Case" from China Wealth Network[30] - Strategic partnership with Microsoft to enhance AI product offerings, aimed at improving customer acquisition capabilities[37] - Continued focus on product development with plans to launch several key products in H2 2024 to better serve SMEs[38] - The company aims to enhance ESG impact through remanufacturing technology, promoting equipment reuse and reducing waste[38] Shareholder Actions - The company will not declare an interim dividend for the six-month period ending June 30, 2024[77] - The company has received shareholder approval for the share options and awards granted under the 2023 Share Option Plan[76] - The company repurchased a total of 2,918,500 ordinary shares for a total consideration of HKD 6,426,705, with the highest price per share at HKD 3.69 and the lowest at HKD 1.47[82]

嘉宾您好 您这边再试一下喂 现在听得到吗现在可以听到这样OK吗 还有反应吗可以的 您好 没问题 哎好嘞那我今天的介绍分为两个部分啊第一个部分主要是这个1.0主营的业务然后就是我们开始的这个新推出的AI的业务我想分为两个板块来介绍然后下面是我们的主营业务然后请推翻页在这个正式的开展我们业务介绍之前呢我想先这个明确一下1.0所在的大市场啊 一点云所在的所有的占领是围绕办公室内的IT来展开的我们在对办公室内的IT进行定义的时候通常会对企业IT支出进行一个划分我们分成办公室外的支出和办公室内的IT这个办公室外的IT通常是归企业的CTO管理的服务于企业增长盈利为目的的IT支出以公有云为主办公室内的IT是服务于给企业的员工提供基本的生产力为目的的 同常规企业的人力行政区域来管理办公室内的IT进一步可以划分成硬件软件和人三个领域目前一点云所有的主营业务是更多的委托办公室内的IT硬件和硬件服务来展开的下一个问题是一点云服务的客户是谁首先我们是针对广大的保险商业 首先我们针对的客户还是广大的B端企业然后我们将中国的B端企业进一步的划分成超大、三中和小微三种不同的规模它们分别占到国内纯正就业人口的2比6比2这样的一个比例然后我们 ...

那么我们今天非常有幸能够邀请到公司的CFO贺总以及董秘豆总来为大家去做这样的一个公司的录影分享那这次的录影呢分为公司的介绍环节和Q&A环节那首先就请公司的CFO贺总来给大家做一个基本的公司背景介绍以及这个最新的公司更新动态那我们之后再进入Q&A环节吧那贺总那我现在把麦克风交给您 好的谢谢谢谢各位感谢安信国际的邀请也感谢这个线上的投资人朋友们这边是一点云公司的CFO荷亮先介绍一下自己吧这个我是2018年进入公司以后一直在这个公司 相当于早期阶段到现在上市之后,然后一直在公司工作,然后从最早负责金融机构债权融资,到主动负责整个机构合作,再到今年一月初接任我们整个公司CFO的岗位,所以也是看着公司从小到大一点点发展起来。 朋友们不多说我们先进入我们这个公司概况部分的介绍一点人是中国最大的办公IT订阅式服务商我们面对的这个市场是 中国企业办公室内IT业务的一个市场然后这个市场可以区分为办公室内IT的硬件办公室内IT的服务和办公室内IT的软件办公室内IT硬件就是大家平时办公所使用的PC设备打印机以及投影仪等等的这些通电的设备办公室内的服务呢指的是我们企业办公室内的这些IT网管人员等等所提供的用来支持企业主营业务的IT服 ...

Financial Performance - The net loss for the year ended December 31, 2023, was RMB 256 million, an increase of 61.0% from RMB 159 million for the year ended December 31, 2022, mainly due to a decrease in foreign exchange gains and an increase in losses from the write-off of leased computer equipment[12]. - Adjusted net profit for the year ended December 31, 2023, was RMB 15.2 million, a decrease of 88.8% compared to RMB 135.2 million for the year ended December 31, 2022[23]. - EBITDA for the year ended December 31, 2023, was RMB (349.5) million, compared to RMB (86.5) million for the year ended December 31, 2022, indicating a significant increase in losses[24]. - General and administrative expenses increased by 25.0% to RMB 132.6 million for the year ended December 31, 2023, up from RMB 106.1 million for the year ended December 31, 2022[33]. - Other income for the year ended December 31, 2023, was RMB 31.7 million, a decrease of 35.1% from RMB 48.9 million for the year ended December 31, 2022, primarily due to a reduction in the additional VAT input deduction rate from 10% to 5%[11]. Cash Flow and Capital Structure - Cash and cash equivalents decreased to RMB 490.4 million as of December 31, 2023, down from RMB 505.8 million as of December 31, 2022[35]. - Total borrowings amounted to RMB 1,519.8 million as of December 31, 2023, with approximately RMB 852.1 million due within one year[36]. - Capital expenditure for the year ended December 31, 2023, was RMB 600.8 million, compared to RMB 534.7 million for the year ended December 31, 2022[44]. - The capital debt ratio as of December 31, 2023, was 150.7%, with no comparable basis for the previous year due to net losses[40]. - Financing costs for the year ended December 31, 2023, were RMB 144.4 million, a decrease of RMB 25.2 million from RMB 169.6 million for the year ended December 31, 2022, attributed to a 1.8% decrease in the average interest-bearing debt balance[18]. Employee and Management Information - As of December 31, 2023, the company had 1,711 employees, a decrease from 1,734 employees as of December 31, 2022[103]. - Employee compensation (excluding directors' remuneration) for the year ended December 31, 2023, was approximately RMB 297 million, down from approximately RMB 319 million for the year ended December 31, 2022, representing a decrease of about 6.9%[103]. - The company has implemented a stock option plan approved by shareholders on February 25, 2022, to attract and retain suitable talent[106]. - The board reviews and determines the remuneration and compensation of directors and senior management based on performance and market comparisons[105]. - The company has appointed Mr. He Liang as Co-Chief Financial Officer effective January 12, 2024, who has over 5 years of experience in the group and has led high-quality business growth[186]. Strategic Initiatives and Future Outlook - The company plans to launch several key blockbuster products in 2024 to better meet the needs of small and medium-sized enterprise customers[3]. - The strategic cooperation agreement with Xinnuo Times aims to expand the market for Microsoft Azure OpenAI products and services, enhancing the company's AI business segment[7]. - The company aims to improve the quality of its remanufactured products through increased investment in technology and automation, including the upcoming production of an independently developed keyboard testing robot[4]. - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and strategies[175]. - Future outlook includes a commitment to innovation and development of new products to meet evolving customer needs[175]. Shareholder Information and Corporate Governance - The total number of ordinary shares issued was 575,919,460[110]. - Major shareholders include Dr. Ji's entity with 77,372,780 shares (13.43%) and Mr. Zhang's entity with 51,581,860 shares (8.96%) as of December 31, 2023[114][115]. - The board has proposed not to declare a final dividend for the year ending December 31, 2023[101]. - The company has maintained high standards of corporate governance to protect shareholder interests and enhance corporate value[191]. - The board consists of three executive directors and four independent non-executive directors, ensuring compliance with listing rules regarding independent director appointments[198]. Risk Factors - The company faces credit risk related to accounts receivable, particularly from small and medium-sized enterprises that may be affected by macroeconomic fluctuations[69]. - The company is exposed to interest rate risk, which may increase financing costs and operational expenses[63]. - The company’s revenue growth may slow down due to various factors, including the transition from traditional purchasing models to pay-per-use models in the office IT services industry[61]. - The company has not been involved in any significant litigation or arbitration since its listing date up to December 31, 2023[165]. - The company has maintained compliance with relevant laws and regulations during the reporting period, with no significant violations noted[60]. Product and Service Offerings - The company primarily provides subscription-based office IT solutions, focusing on small and medium-sized enterprises[56]. - The company aims to provide a one-stop office IT solution with a subscription model, allowing customers to adjust services based on demand without large upfront equipment purchases[192]. - The company has established a strategic partnership with Microsoft to develop a GPT+ product tailored for small and medium-sized enterprises, enhancing their AI capabilities[193]. - The company actively collects feedback from stakeholders to continuously improve product competitiveness and service levels[192]. - The company has implemented strict quality control standards to enhance customer experience[192].

近日，易点云公布2023年财报，值得注意的是，据公告显示，截至2023年12月31日，易点云的活跃客户数量增长至46,789，较2022年的43,313增长了8.0%。      这一增长数据，离不开易点云提供的优质服务以及对中小企业办公痛点的深入挖掘。 深耕千亿级蓝海，立足中小企业IT办公痛点 易点云主要在快速增长的办公IT综合解决方案市场竞争，根据弗若斯特沙利文的资料，就收入、服务设备数量及再制造能力而言，易点云位居中国办公IT综合解决方案行业首位，是2-5名总和的3倍，按收入计市场份额为19.6%。 据同一资料显示，企业办公IT服务的市场规模由2017年的人民币1,466亿元增加至2021年的人民币1,560亿元，预计于2026年将达到人民币2,139亿元。广阔的市场下，潜藏着企业(尤其是中小企业)所面临的办公IT痛点——传统直接买断模式依然是目前主流的IT服务模式，但由于其存在缺乏灵活性、资金需求量大以及设备闲置产生持续冗余的问题，增势已经出现明显疲软，不能再适应企业更加灵活的个性化需求，亟需一种新的办公IT服务模式。 由此可知，企业办公IT服务行业客户痛点显著，对创新的IT综合解决方案有着强烈需 ...

智通财经APP讯，易点云(02416)发布截至2023年12月31日止年度业绩，该集团取得收入人民币12.71亿元(单位下同)，同比减少7.4%;年内亏损9.01亿元，同比增加47.26%;经调整净利润1521.3万元，同比减少88.7%;每股亏损2.27元。 2023年，集团致力于让办公IT更轻松，旨在成为企业提高IT生产力和效率的首选合作伙伴。公司通过为公司的客户提供一站式办公IT解决方案，可交付安装有系统及软件的IT设备以及托管IT服务、并具有可靠性及灵活性优势的办公IT服务包在竞争对手中脱颖而出。 截至2023年12月31日，集团拥有4.68万家活跃客户，同比增长8.0%;公司亦维持了较高的客户留存率，与去年同期相比略有提升。 ...

Customer Growth and Engagement - As of December 31, 2023, the company had 46,789 active customers, representing an 8.0% year-over-year growth from 43,313 active customers in 2022[12] - The number of subscription customers increased to 45,757, up from 42,343 in the previous year, indicating a strong demand for subscription services[12] - Customer retention rate improved slightly to 74% compared to 73% in the previous year, demonstrating effective customer engagement strategies[12] - The number of list customers grew to 23,777, a 17.5% increase from 20,228 in 2022, with list customers' service equipment ratio rising from 81.4% to 85.0%[17] Financial Performance - For the fiscal year ending December 31, 2023, the company's revenue was RMB 1,270.7 million, a decrease of 7.4% compared to RMB 1,371.9 million for the fiscal year ending December 31, 2022[28] - The company's gross profit decreased by 11.8% to RMB 552.3 million from RMB 626.5 million, with a gross margin of 43.5% compared to 45.7% in the previous year[44] - The net loss for the year increased from RMB 611.6 million for the year ended December 31, 2022, to RMB 900.6 million for the year ended December 31, 2023[64] - Adjusted EBITDA (non-IFRS measure) for the year ended December 31, 2023, was RMB 15.2 million, compared to RMB 135.2 million for the year ended December 31, 2022[65] Revenue Breakdown - Revenue from on-demand office IT integrated solutions was RMB 1,115.7 million, down 4.2% from RMB 1,165.2 million in the previous year, primarily due to economic challenges affecting small and medium enterprises[36] - Equipment sales revenue decreased by 28.4% to RMB 138.5 million from RMB 193.5 million, attributed to a reduction in sales volume[37] - Revenue from SaaS and other services increased by 25% to RMB 16.6 million, up from RMB 13.3 million, driven by higher system development and service income[38] Operational Capacity and Product Development - The total number of devices serviced reached 1,204,876, an increase from 1,115,468 in 2022, showcasing growth in operational capacity[12] - The company launched a new SaaS product, enhancing its digital service offerings to meet customer needs[5] - The company plans to launch several key products in 2024 to better meet the needs of small and medium-sized enterprises[22] - The company is focusing on expanding its market presence through flexible subscription models, allowing customers to adapt their IT resources as needed[2] Cost Management and Efficiency - Average monthly subscription fee per subscription customer decreased to $2,032 from $2,293, reflecting a shift in pricing strategy or customer mix[12] - Investment in remanufacturing capabilities will continue, with a focus on automation and technology to enhance efficiency and reduce costs[24] - The sales cost for the fiscal year was RMB 718.4 million, a decrease of 3.6% from RMB 745.3 million, mainly due to reduced sales costs in equipment sales[39] Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes since its listing date, except for the combined role of Chairman and CEO held by Dr. Ji[88] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and practices adopted by the group for the year ending December 31, 2023[97] - The company will continue to regularly review and monitor its corporate governance practices to ensure compliance with the corporate governance code[90] Cash Flow and Financial Position - The net cash inflow from operating activities for the year ended December 31, 2023, was RMB 298.7 million, while the net cash outflow from investing activities was RMB 214.1 million, and the net cash inflow from financing activities was RMB 101.7 million[68] - The group's total borrowings as of December 31, 2023, amounted to RMB 1,519.8 million, with approximately RMB 852.1 million due within one year[69] - Cash and cash equivalents were RMB 490,390 as of December 31, 2023, down from RMB 505,803 in 2022[124] Employee and Compensation - The group employed 1,711 employees as of December 31, 2023, down from 1,734 employees as of December 31, 2022[81] - The total employee compensation (excluding directors' remuneration) for the year ended December 31, 2023, was approximately RMB 297 million, compared to RMB 319 million for the year ended December 31, 2022[81] Future Outlook and Strategic Initiatives - The company plans to allocate 40% of the net proceeds to improved investment, with 38.8% already utilized as of December 31, 2023[102] - 30% of the net proceeds is designated for R&D and diversification of service offerings, with 29.1% already utilized[102] - The company expects to continue expanding its market presence through the development of new products and technologies[148]

敬请阅读本报告正文后各项声明 29 [Table_yemei] 易点云（02416.HK）深度研究 东方财富证券股份有限公司（以下简称"本公司"）具有中国证监会核准的证券投资咨询业务资格 分析师申明： 作者具有中国证券业协会授予的证券投资咨询执业资格或相当的专业胜任能力，保证报告所采用的数据均来 自合规渠道，分析逻辑基于作者的职业理解，本报告清晰准确地反映了作者的研究观点，力求独立、客观和 公正，结论不受任何第三方的授意或影响，特此声明。 投资建议的评级标准： 报告中投资建议所涉及的评级分为股票评级和行业评级（另有说明的除外）。评级标准为报告发布日后3到12 个月内的相对市场表现，也即：以报告发布日后的3到12个月内的公司股价（或行业指数）相对同期相关证 券市场代表性指数的涨跌幅作为基准。其中：A股市场以沪深300指数为基准；新三板市场以三板成指（针对 协议转让标的）或三板做市指数（针对做市转让标的）为基准；香港市场以恒生指数为基准；美国市场以标 普500指数为基准。 股票评级 买入：相对同期相关证券市场代表性指数涨幅15%以上； 增持：相对同期相关证券市场代表性指数涨幅介于5%～15%之间； 中性：相对同期 ...

资料来源：公司公告，弗若斯特沙利文，东方财富证券研究所 [Table_yemei] 易点云（02416.HK）深度研究 0 100 200 300 400 500 600 700 [Table_yemei] 易点云（02416.HK）深度研究 2.中小企业市场深耕多年，办公 IT 行业绝对零领跑 2.1.中国领先的办公 IT 综合解决方案供应商 公司是中国领先的办公 IT 综合解决方案供应商，以订阅方式为企业客户 （包括中小企业）提供一站式办公 IT 服务。我们提供的产品及服务包含： 1）IT 设备租赁。预安装有操作系统、选定软件（包括但不限于办公套件、 驱动程序、杀毒程序、即时通讯）及公司自主开发的办公 IT 管理工具（如打印 机自动配置程序）的 IT 设备（如台式机、笔记本电脑及显示器）； 2）托管 IT 服务。包括设备配置、设备/工程师部署、运维支持、性能优化、 数据迁移、备份及清除异己多种设备管理服务（如设备的下单、订阅管理、现 场检查及批量付运），以满足客户在使用设备的各个阶段的需求。在托管 IT 服 务模式下，公司负责运营安装有系统及软件的 IT 设备，客户无需管理其自身的 办公 IT，从而能更专 ...