---
title: "Public-Cloud Contact-Center Vendor Tianrun Cloud Lists on HKEX — 7 Years Profit"
author: "Unique Research"
sourcePublication: "Unique Research (FFCAP English library)"
originalPublishedAt: "2022-08-08T18:05:17+08:00"
canonical: "https://ffcap.cn/en/research/20220808a07rlc00"
source: "https://ffcap.cn/en/research/20220808a07rlc00"
language: "en"
cnSourceUrl: "https://view.inews.qq.com/a/20220808A07RLC00"
---

# Public-Cloud Contact-Center Vendor Tianrun Cloud Lists on HKEX — 7 Years Profit

_Unique Research · Insight / IPO · August 8, 2022 · Full rewrite — not a stub_

On **Jun 30, 2022**, China’s largest public-cloud contact-center solutions vendor **Tianrun Cloud (天润云, TICloud)** (founded 2006; CICC sole sponsor) listed on HKEX. Offer 43.53M shares at **HK$12.85** (bottom of 12.85–13.85 range); day-1 close HK$12.84 (−0.08%), mkt cap ~HK$2.23B; turnover HK$62.7M. Cornerstones: Platinum (HK$118M / 9.18M shares) + Agora (HK$62.8M / 4.89M). Use of proceeds: ~75% tech/product, ~20% brand & sales, ~5% WC.

’21 public-cloud contact-center share **10.3%** (¥4.0B public-cloud market = 38% of cloud / 27% of total contact-center). Seven consecutive profitable years; ’21 rev **¥402M** (+13.6%), NI ¥18M (−74.6%), GM 45.5%, large-client NRR 108.3%. Gross profit ’19–’21 ¥156M / ¥175M / ¥183M. Charts in CN images — attach on ingest.

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Editorial English edition published on UniqueCapital: https://ffcap.cn/en/research/20220808a07rlc00
On-site reading page: https://ffcap.cn/en/research/20220808a07rlc00