The Zhitong Finance App learned that Mingyuanyun (00909) fell by more than 7%, with a cumulative decline of nearly 20% during the month. As of press release, it decreased by 7.01% to HK$1.99, with a turnover of HK$10.86 million.

Guotai Junan pointed out that Mingyuan Cloud is the digital leader in the immovable ecosystem. The market believes that the company's revenue scale has declined and the profit side continues to lose money, and growth is worrying. We believe that the company is gradually completing the priority transformation of cloud services and optimizing product layout. Considering the downturn in the housing market, some developers are still cautious about digital investment due to financial difficulties. Although profits and performance are under pressure in the short term, phased results have been achieved in expanding the industry, infrastructure and stock markets, and there are frequent favorable policies in the real estate sector, recovery in industry sentiment, and the continuous commercial implementation of AI innovations. Combined with the continuous expansion of overseas market space and the effects of cost control, the company's loss recovery is expected to gradually accelerate, and future performance growth may exceed expectations.

Citigroup previously published a report stating that management aims for adjusted net profit to reach balance of payments this year, and recorded positive operating cash flow and steady revenue growth this year. At the same time, management expects operating expenses to drop 10% year-on-year due to better adaptation to the adoption of artificial intelligence and enhanced procurement and outsourcing. The bank raised the company's adjusted net profit forecast for this year to $48 million and $56 million respectively, and raised the target price from HK$1.5 to HK$1.81. The bank mentioned that the Group's overseas expansion plans and business transformation will take time, so it maintains a “sell and sell” rating.