Acer E-Enabling Service Business, a pivotal cloud service arm of the Acer Group, disclosed its 2023 financials, showcasing a commendable 15% year-on-year surge in net profit, reaching 501 million yuan. This uptick set a new profitability benchmark, with an after-tax EPS of 12.1 yuan. In alignment with its profit growth, the company has declared an 8.5 yuan per share cash dividend, translating to a 70% payout ratio and a 2.8% yield based on the latest stock price.
The company’s revenue escalation to 7.55 billion yuan, a historic peak, is attributed to the burgeoning sectors of cloud services, value-added products, and application development, marking a 5% increase from the previous year. General Manager Zhou Xingrong expressed confidence in the sustained demand across enterprise AI, cloud computing, and cybersecurity sectors, which have been pivotal to the firm’s revenue expansion.
Cloud solutions, constituting over 60% of Acer E-Enabling Service Business’s revenue, have witnessed the most significant growth. The surge in cloud service adoption by businesses and government entities, coupled with the success of their proprietary “iCMP” platform, has solidified a recurring revenue stream from a broad clientele base.
Positioned as an “enterprise generative AI accelerator,” Acer E-Enabling Service Business is poised to leverage its expertise in cloud computing, generative AI, and cybersecurity. The company is committed to enabling comprehensive digital transformation for its clients, enhancing their operational agility and efficiency, thereby sustaining its growth trajectory and market relevance in the dynamic tech landscape.
