Haitong: Ufida set to join the cloud computing

For the recent http://www.aliyun.com/zixun/aggregation/14064.html "> Ufida software (600588. SH) announced the non-public offering plan, Haitong Securities published research report that the company into the advantages of cloud computing is obvious, while the issuance of additional help to ease the company's short-term financial pressure.

Cloud computing enables businesses and individuals to obtain scalable resources on demand, and to combine effectively with the mobile Internet, has become an irreversible trend in the management software industry. Currently, traditional management software companies such as SAP and Oracle are investing more in cloud computing, making it more urgent for Ufida to invest in cloud computing.

Non-public offering plans have not yet provided details of the "next-generation enterprise and Government application System" project, but Haitong Securities believes the project may be to upgrade existing NC and U8/U9 high-end systems to meet the needs of cloud computing infrastructure and mobile Internet, and thus obtain a large number of customer system update requirements, mainly in the private cloud , the company "Ufida Cloud Computing (Beijing) Center" project is mainly to develop the public cloud PAAs platform, the company and Third-party developers based on this platform can be a variety of application software development. The profitability model for the project includes revenue from third party revenues and services from its own SaaS application.

Haitong Securities believes that the company has access to the field of cloud computing a good foundation. First of all, if the additional success of the company will gain strong financial strength. Secondly, the company has strong research and development strength. At present, the company has nearly 3000 people's research and development team, and the development of SaaS applications for the company accumulated cloud computing technology experience. At the same time a large customer base for easy positioning of customers. Company cloud computing related product research and development success, in advance of customer development is relatively easy, the company is currently in the millions of customer base is its cloud computing products target customers.

But the research also points out that the success of the PAAs platform does not mean successful operation. One of the prerequisites for the success of the Ufida and SaaS Business is a technical breakthrough that takes time to test.

The paper pointed out that due to the high growth of NC business, the high accounts receivable, coupled with the need for funds in Software Park construction, the company faced a certain financial pressure. By the end of 2011, the company's short-term and long-term loans amounted to 670 million yuan, 2011, the company's interest expenditure of more than 40 million yuan. If this issue can be successful, the company will receive nearly 1.9 billion yuan in cash, can greatly ease the financial pressure.

March 12, Ufida received 19.42 Yuan, Rose 6.82%.

(Responsible editor: The good of the Legacy)