Core Viewpoint - Mingyuan Cloud (00909.HK) announced a share buyback on October 9, 2025, spending HKD 971,000 to repurchase 294,000 shares at a price range of HKD 3.28 to HKD 3.33 per share [1] Summary by Category - **Company Actions** - The company executed a buyback of 294,000 shares at a total cost of HKD 971,000 [1] - The repurchase price per share ranged from HKD 3.28 to HKD 3.33 [1]

Group 1 - The company Mingyuan Cloud (00909) announced a share buyback plan [1] - The company will spend HKD 971,000 to repurchase 294,000 shares [1]

公司名稱： 明源雲集團控股有限公司 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 呈交日期： 2025年10月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00909 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括 ...

Core Viewpoint - Mingyuan Cloud (00909) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - The company will repurchase 277,000 shares at a total cost of HKD 965,700 [1] - The buyback price per share ranges from HKD 3.48 to HKD 3.49 [1]

Core Viewpoint - Mingyuan Cloud (00909.HK) announced a share buyback on October 8, 2025, spending HKD 965,700 to repurchase 277,000 shares at a price range of HKD 3.48 to HKD 3.49 per share [1] Summary by Category - **Company Actions** - The company executed a buyback of 277,000 shares at a total cost of HKD 965,700 [1] - The repurchase price per share ranged from HKD 3.48 to HKD 3.49 [1]

Core Viewpoint - Mingyuan Cloud (00909) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company will spend HKD 965,700 to repurchase 277,000 shares [1] - The buyback price per share ranges from HKD 3.48 to HKD 3.49 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 明源雲集團控股有限公司 呈交日期： 2025年10月8日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00909 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 明源雲集團控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00909 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 3,800,000,000 | | HKD | 0.0001 | HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 3,800,000,000 | HKD | 0.0001 | HKD | | 380,000 | 本 ...

Core Viewpoint - Mingyuan Cloud (00909) has seen a stock price increase of over 4%, attributed to its investment in AI products despite ongoing challenges in the real estate construction sector [1] Financial Performance - The company reported a revenue decline of 16% year-on-year, which was below both Goldman Sachs' and market expectations of a 10% drop [1] - Core cloud service revenue decreased by 14%, with most cloud business revenues falling short of expectations [1] - Adjusted net profit of 33 million RMB was recorded, marking the first positive adjusted net profit since 2022 [1] Product and Market Development - Mingyuan Cloud has increased its investment in cloud AI-related products, with a terminal signing amount of approximately 32 million RMB for the first half of 2025, surpassing the total signing amount for the entire year of 2024 [1] - The average customer price for cloud AI products in sales offices increased by 2.4% year-on-year to 37,700 RMB per unit, driven by higher customer demand for these products [1] Cost Management - The company has successfully terminated loss-making product lines and implemented effective cost control measures, resulting in a gross margin that exceeded expectations [1] - Adjusted operating expenses decreased by 20% year-on-year, contributing to the positive adjusted net profit [1]

Group 1 - The core viewpoint of the article highlights that Mingyuan Cloud (00909) has seen a stock price increase of over 4%, attributed to its strategic investments in cloud AI products despite ongoing challenges in the real estate construction sector [1] - The company reported a significant increase in the terminal contract amount for its cloud AI products, reaching approximately 32 million yuan in the first half of 2025, surpassing the total contract amount for the entire year of 2024 [1] - The average customer unit price for the cloud AI product in the first half of 2025 was 37,700 yuan per unit, reflecting a 2.4% increase compared to the same period last year, driven by increased customer demand for cloud AI products [1] Group 2 - According to Goldman Sachs, Mingyuan Cloud's performance in the first half of the year fell short of expectations, with a 16% year-on-year decline in revenue, which was worse than the bank's and market's forecast of a 10% decline [1] - The core cloud service revenue decreased by 14%, and most cloud business revenues did not meet expectations; however, the company managed to achieve its first adjusted net profit since 2022 [1] - Effective cost control measures led to a 20% year-on-year reduction in adjusted operating expenses, resulting in an adjusted net profit of 33 million yuan [1]