{"id":10456,"date":"2022-07-22T12:15:00","date_gmt":"2022-07-22T12:15:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3824634_CN24634_0"},"modified":"2022-07-22T12:15:00","modified_gmt":"2022-07-22T12:15:00","slug":"edianyuns-three-pillars-underpin-the-future-of-technology-enabled-office-it-services","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=10456","title":{"rendered":"Edianyun&#8217;s Three Pillars Underpin the Future of Technology-enabled Office IT Services"},"content":{"rendered":"<p>The thriving subscription economy is creating new entrepreneurial miracles.<\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">BEIJING<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">July 22, 2022<\/span><\/span> \/PRNewswire\/ &#8212;&nbsp;Edianyun, a leading technology-enabled office IT service provider in <span class=\"xn-location\">China<\/span>, recently submitted its completed application forms to the Hong Kong Stock Exchange for listing on the HKEx Main Board. According to business consulting firm Frost &amp; Sullivan, Edianyun is the first and largest technology-enabled office IT service provider in <span class=\"xn-location\">China<\/span>.<\/p>\n<p>What is the driving force behind its rapid growth and expansion as well as the flourishing of technology-enabled office IT service?<\/p>\n<p>There are three pillars that bolster the development of Edianyun&#8217;s office IT services:<\/p>\n<p><b>Remanufacturing capabilities and technologies<\/b><\/p>\n<p>By the end of 2021, Edianyun owned the largest remanufacturing factory in <span class=\"xn-location\">China<\/span>, with a remanufacturing capacity of over 600,000 sets of computers. By leveraging its cutting-edge remanufacturing technologies, Edianyun can extend the service life of devices from an average of 3 years to 7-10 years, greatly boosting utilization efficiency.<\/p>\n<p>Edianyun has also standardized the remanufacturing processes and chip-level precise repair technologies to optimize production, reduced the average timespan of remanufacturing processes to less than 10 days, and the average remanufacturing cost to less than <span class=\"xn-money\">RMB 100<\/span> per set.<\/p>\n<p><b>Efficient self-developed system of operations (Nebula system)<\/b><\/p>\n<p>Edianyun&#8217;s self-developed Nebula system integrates services, devices and information, and connects the front-end and back-end operations that allow to efficiently manage devices on a large scale, handle complexity demands of business management, and provide timely customer service.<\/p>\n<p><b>Remarkably high customer retention<\/b><\/p>\n<p>Through a series of competitive self-developed technologies, Edianyun has established the technological strengths that anchor remarkably high customer retention rate. For 2019 and 2020, Edianyun achieved net dollar retention rate of 133.8% and 110.6%, respectively. As of <span class=\"xn-chron\">September 30, 2021<\/span>, that figure was 124.2%. The consistently high levels of customer retention indicate strong customer stickiness.<\/p>\n<p>For 2019, 2020 and first three quarters in 2021, the recorded revenues of <span class=\"xn-money\">RMB632 million<\/span>, <span class=\"xn-money\">RMB813 million<\/span> and <span class=\"xn-money\">RMB838 million<\/span> respectively, with corresponding gross margins of 38%, 41.4% and 48.4%. Edianyun&#8217;s pay-as-you-go office IT services, the business sector from which generates primary revenue, accounted for 85.4% of total revenue for the year ended <span class=\"xn-chron\">September 30, 2021<\/span>. As of <span class=\"xn-chron\">September 30, 2021<\/span>, adjusted net profit amounted to <span class=\"xn-money\">RMB 74.9 million<\/span>, turning losses into profits. This cannot be achieved without the brand loyalty and customer appreciation with comprehensive services. The excellent financial results are also owed to high customer stickiness and extensive coverage of golden customers from SMEs of various market segments.<\/p>\n<p>The business enjoys promising prospects, especially when compared with a market penetration rate of 60.0% in terms of the number of devices in <span class=\"xn-location\">the United States<\/span> in 2020, the usage-based office IT services industry in <span class=\"xn-location\">China<\/span> has a penetration rate of merely 2.1%. And yet, the market size of usage-based office IT industry is expected to reach <span class=\"xn-money\">RMB 29.2 billion<\/span> by 2025, representing enormous growth potential.<\/p>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN24634&amp;sd=2022-07-22\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/edianyuns-three-pillars-underpin-the-future-of-technology-enabled-office-it-services-301591602.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/edianyuns-three-pillars-underpin-the-future-of-technology-enabled-office-it-services-301591602.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The thriving subscription economy is creating new entrepreneurial miracles. BEIJING, July 22, 2022 \/PRNewswire\/ &#8212;&nbsp;Edianyun, a leading technology-enabled office IT service provider in China, recently submitted its completed application forms to the Hong Kong Stock Exchange for listing on the HKEx Main Board. According to business consulting firm Frost &amp; Sullivan, Edianyun is the first [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-10456","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Edianyun&#039;s Three Pillars Underpin the Future of Technology-enabled Office IT Services - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=10456\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edianyun&#039;s Three Pillars Underpin the Future of Technology-enabled Office IT Services - My Blog\" \/>\n<meta property=\"og:description\" content=\"The thriving subscription economy is creating new entrepreneurial miracles. BEIJING, July 22, 2022 \/PRNewswire\/ &#8212;&nbsp;Edianyun, a leading technology-enabled office IT service provider in China, recently submitted its completed application forms to the Hong Kong Stock Exchange for listing on the HKEx Main Board. According to business consulting firm Frost &amp; Sullivan, Edianyun is the first [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=10456\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-22T12:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN24634&amp;sd=2022-07-22\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=10456#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=10456\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"Edianyun&#8217;s Three Pillars Underpin the Future of Technology-enabled Office IT Services\",\"datePublished\":\"2022-07-22T12:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=10456\"},\"wordCount\":462,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=10456#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN24634&amp;sd=2022-07-22\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=10456\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=10456\",\"name\":\"Edianyun's Three Pillars Underpin the Future of Technology-enabled Office IT Services - 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