Gelonghui, April 26, 丨 Changjietong (01588.HK) announced that for the three months ended March 31, 2024, the Group achieved operating revenue of RMB 212.99 million, an increase of 9% over the same period of the previous year. Among them, cloud subscription revenue was RMB 147.85 million, an increase of 32% over the same period of the previous year, and cloud subscription revenue accounted for 69% of total revenue; the cloud subscription contract debt at the end of the reporting period was RMB 589.84 million, an increase of 10% over the end of the previous year. During the reporting period, the Group achieved gross profit of RMB 153.47 million, an increase of 16% over the same period last year.

During the reporting period, the Group's net loss attributable to shareholders of the parent company was RMB 4.39 million, a decrease of 73% compared with a net loss of RMB 16.23 million in the same period of the previous year, mainly due to (i) the Group's firm implementation of a long-term strategy of prioritizing cloud services and prioritizing subscriptions, and continued to expand the number of paying enterprise users, driving rapid growth in cloud subscription revenue; and (ii) implementing efficient management. The total R&D expenses, sales expenses and management expenses increased by only 3% over the same period last year.