首都在线上市4周年：营收稳步增长，市值较峰值大幅回落

Core Insights - The company has experienced significant growth since its IPO, with market capitalization increasing from 1.995 billion yuan to 9.767 billion yuan, reflecting a 3.90 times increase in value [1][5] - Despite the growth in market capitalization, the company's profitability has faced substantial challenges, with a cumulative profit decline of 856.32% over the past five years [3] Business Overview - The main business of the company includes high-performance IDC services and cloud services, with IDC services accounting for 55.30% of revenue and cloud hosting services at 41.12% [3] - The company achieved a revenue of 1.009 billion yuan in 2020, which increased to 1.397 billion yuan in 2024, indicating a stable growth trend with a compound annual growth rate of approximately 8.46% [3] Profitability Analysis - The company reported a net profit of 40 million yuan in 2020, which turned into a net loss of 303 million yuan by 2024, indicating a continuous decline in profitability [3] - Over the past five years, the company has recorded losses in three of those years, with only one year showing profit, representing a mere 20% of the time [3] Market Performance - The peak market capitalization of the company reached 17.946 billion yuan on August 5, 2020, with the stock price rising to 43.63 yuan [5] - As of June 30, the stock price was 19.46 yuan, resulting in a market capitalization of 9.767 billion yuan, which is a decrease of 8.179 billion yuan or 45.57% from its peak [5]