Ming Yuan Cloud Holdings Limited (Ming Yuan Cloud) announced its interim report in 2024, which showed that the revenue during the period was RMB 720,106 thousand, a decrease of 5.5% compared to the same period last year. The gross profit was RMB 577,696 thousand, the operating loss was RMB 210,434 thousand, and the loss during the period was RMB 115,369 thousand, a significant reduction compared to the loss in the same period last year. The adjusted net loss was RMB 16,962 thousand, a decrease of 82.5% compared to the previous year. The net cash outflow from operating activities was approximately RMB 164.5 million, a decrease of 39.1% compared to the previous year. The Group is mainly engaged in providing cloud computing services and localized deployment software and services to Chinese...Show More

Ming Yuan Cloud Holdings Limited (Ming Yuan Cloud) announced its interim report in 2024, which showed that the revenue during the period was RMB 720,106 thousand, a decrease of 5.5% compared to the same period last year. The gross profit was RMB 577,696 thousand, the operating loss was RMB 210,434 thousand, and the loss during the period was RMB 115,369 thousand, a significant reduction compared to the loss in the same period last year. The adjusted net loss was RMB 16,962 thousand, a decrease of 82.5% compared to the previous year. The net cash outflow from operating activities was approximately RMB 164.5 million, a decrease of 39.1% compared to the previous year. The Group is mainly engaged in providing cloud computing services and localized deployment software and services to Chinese real estate developers and other industry participants in the real estate industry chain. During the reporting period, the Group's cloud service revenue was RMB 612.2 million, a decrease of 3.6% compared to the previous year, while the revenue from localized deployment software and services was RMB 107.9 million, a decrease of 15.1% compared to the previous year.