Core Insights - Mingyuan Cloud Group has demonstrated significant improvement in profitability and operational efficiency despite a decline in total revenue for the first half of 2025, which was 606 million RMB, down 15.9% year-on-year [1] - The company achieved a gross profit of 486 million RMB with a stable gross margin of 80.2%, and managed to reduce operating losses by 68.8% to 65.58 million RMB, turning a profit of 13.748 million RMB compared to a loss of 115 million RMB in the same period last year [1] - The improvement in profitability is attributed to proactive adjustments in product strategy, customer structure, internal cost management, and the application of AI tools [1] Financial Performance - Total revenue for the first half of 2025 was 606 million RMB, a decrease of 15.9% year-on-year [1] - Gross profit reached 486 million RMB, maintaining a gross margin of 80.2% [1] - Operating losses narrowed to 65.58 million RMB, a reduction of 68.8% year-on-year [1] - The company reported a profit of 13.748 million RMB, compared to a loss of 115 million RMB in the previous year [1] - Net cash outflow from operating activities decreased by 74% year-on-year, indicating improved cash management efficiency [1] AI Strategy and Product Development - Cloud services, the core business of Mingyuan Cloud, generated 525 million RMB in revenue, accounting for 86.6% of total revenue [2] - The customer relationship management product line generated 383 million RMB, while AI product contract amounts reached 32 million RMB, surpassing the total for the entire year of 2024 [2] - The company launched new AI tools, including "AI投流," covering the entire lifecycle of short video marketing in real estate [2] - Mingyuan Cloud has signed a deep cooperation agreement with Douyin for digital transformation in the real estate sector [2] Global Expansion - The company has established localized teams in regions such as Hong Kong, Singapore, Malaysia, Indonesia, and Japan, successfully expanding its local marketing and delivery partnerships [3] - Overseas product contract amounts exceeded 15 million RMB in the first half of 2025 [3] - The launch of the self-developed product "Linkforce" in Hong Kong marks a breakthrough in developed markets, integrating AI, IoT, and SaaS for worker safety and efficiency management [3] - Mingyuan Cloud's acquisition of ASIOT in Japan for 700 million JPY (approximately 33 million RMB) signifies a substantial step in its global strategy [4] Strategic Directions - For the second half of 2025, Mingyuan Cloud has outlined four strategic directions: focusing on high-profit products and clients in the domestic market, increasing investment in overseas markets, deepening AI and SaaS product innovation, and utilizing AI to reshape internal processes and organizational structure [5][6] - The company aims to reduce reliance on residential developers while expanding into the Middle East and European markets [6] - Mingyuan Cloud's strong adaptability and strategic execution during the industry adjustment period have positioned it favorably for future growth amid improving real estate policies in China and the ongoing global real estate technology market expansion [6]

明源云 20250826 2025 年上半年，明源云集团实现了关键的财务转折，净利润与经调整净利润 同步扭亏为盈。公司总收入为 6.06 亿人民币，较 2024 年同期的 7.2 亿下降 15.9%。毛利润为 4.86 亿人民币，较 2024 年同期的 5.78 亿下降 15.9%， 但毛利率保持在 80.2%的稳定水平，与 2024 年持平。公司净利润为 1,370 万 元人民币，较 2024 年同期的亏损 1.15 亿，同比大幅改善 111.9%。经调整净 利润为 3,310 万元，较 2024 年同期的亏损 1,700 万元，同比改善幅度达 295.3%。 天际 PaaS 平台收入同比下降 23.5%，但作为核心技术基础设施，具备 AI 开发能力，并不断沉淀不动产行业知识，支持业务 Agent 构建，降低 研发投入。 公司积极拓展海外市场，已在多地建立本地团队，并收购日本 ASOTO 公司，提供 AI+IoT 智能抄表解决方案。海外市场签约金额超过 1,500 万元人民币，品牌知名度不断提升。Link Force 智慧劳工管理平台已在 香港成功应用。 摘要 明源云集团在降本增效方面取得了哪些成效？ 20 ...

Core Insights - Mingyuan Cloud reported a revenue of 606 million RMB for the first half of 2025, with positive growth in asset management and operation product lines [1] - The company turned around from a net loss of 115 million RMB in the same period last year to a net profit of 13.75 million RMB [1] AI Applications - The company’s AI product, Yunke, secured new contracts worth over 32 million RMB in the first half of the year [1] - The newly launched "AI投流" product covers the entire lifecycle of real estate short video marketing, reaching over 2,000 real estate projects [1] - Mingyuan Cloud has deepened cooperation with mainstream short video platforms, signing a strategic agreement with Douyin and becoming a first-level agent for Juyuan Engine [1] Overseas Business - The company introduced the self-developed product "Linkforce" based on the "AI+IOT+SaaS" concept, achieving client contracts and deliveries in Hong Kong [1] - Mingyuan Cloud fully acquired Japanese real estate technology company ASIOT in August 2025, enhancing its overseas presence [1] - The overseas product contract value exceeded 15 million RMB, with increasing brand recognition in international markets [1] Cost Control - The company successfully reduced costs and expenses, with sales expenses down by 22.2%, management expenses down by 56.5%, and R&D expenses down by 19.4% in the first half of the year [1] Future Outlook - The company plans to focus on core products and clients while increasing investments in AI and overseas markets, optimizing resource allocation to drive sustained business growth [2]

Core Viewpoint - Mingyuan Cloud (00909) reported a decline in revenue and gross profit for the first half of 2025, but achieved profitability in net income due to strategic adjustments and a focus on AI and overseas markets [1] Financial Performance - Revenue for the first half of 2025 was approximately 606 million yuan, a year-on-year decrease of 15.9% [1] - Gross profit was about 486 million yuan, also down 15.9% year-on-year [1] - The company recorded a profit of 13.748 million yuan, marking a turnaround from a loss in the previous year [1] - Adjusted net profit reached 33.119 million yuan, indicating a return to profitability [1] Business Segments - Cloud service revenue was approximately 525 million yuan, a year-on-year decline of 14.3%, accounting for 86.6% of total revenue (up from 85.0% in 2024) [1] - The decline in cloud services was attributed to changes in the macro market environment and a decrease in deferred revenue due to lower historical contract signings [1] - Revenue from localized software and services was 81.1 million yuan, down 24.8% year-on-year [1] - Revenue from existing customers for product support and value-added services remained stable, but new customer acquisition in the residential market was limited [1] Growth Outlook - Despite the revenue decline, the revenue structure has improved, with contributions from AI and overseas products [1] - The Chinese residential market is showing signs of stabilization, and the company plans to continue investing in AI innovations and expanding into overseas markets to drive sustainable growth and profitability [1]

2025年上半年，云服务业务收入为人民币5.247亿元，同比下降14.3%，占整体收入86.6%。云服务下降 主要是受到宏观市场环境变化以及历史签约下滑导致的递延收入影响，综合导致云服务整体收入下降。 本地化部署软件及服务业务收入为人民币8110万元，同比下降24.8%。来自存量客户的产品支持服务及 专项增值服务收入保持稳定。然而，由于住宅市场新增客户数量有限，以及新增产品许可证销售和交付 合同签约同比下滑，导致本地化部署软件及服务收入整体下滑。 格隆汇8月26日丨明源云(00909.HK)公布中期业绩，2025年上半年，集团达人民币6.058亿元，同比下降 15.9%；期内利润为人民币1374.8万元，去年同期亏损人民币1.15亿元；经调整净利润达人民币3310万 元，较去年同期亏损人民币1.00万元，实现由亏转盈。 ...

Core Viewpoint - Mingyuan Cloud (00909) reported a decline in revenue and gross profit for the first half of 2025, but achieved profitability in net income, indicating a potential recovery path despite current challenges [1] Financial Performance - Revenue for the first half of 2025 was approximately 606 million yuan, a year-on-year decrease of 15.9% [1] - Gross profit was about 486 million yuan, also down 15.9% year-on-year [1] - Net profit for the period was 13.748 million yuan, marking a turnaround from a loss [1] - Adjusted net profit reached 33.119 million yuan, indicating a return to profitability [1] Business Segments - Cloud service revenue was approximately 525 million yuan, a year-on-year decline of 14.3%, accounting for 86.6% of total revenue (up from 85.0% in the same period of 2024) [1] - The decline in cloud services was attributed to changes in the macro market environment and a decrease in historical contract signings affecting deferred revenue [1] - Revenue from localized deployment software and services was 81.1 million yuan, down 24.8% year-on-year [1] - Revenue from existing customers for product support and value-added services remained stable, but new customer acquisition in the residential market was limited [1] Growth Outlook - Despite the revenue decline, there has been an improvement in revenue structure, with contributions from AI and overseas products [1] - The Chinese residential market is showing signs of stabilization, and the company plans to focus on AI innovation and expanding into overseas markets to drive sustainable growth and profitability [1]

Ming Yuan Cloud Group Holdings Limited 明源雲集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：909） 明源雲集團控股有限公司 （「公司」） 提名委員會職權範圍 1 定義 1. 就本職權範圍（「職權範圍」）而言： 董事會指公司之董事會。 首席財務官指董事會不時委任負責管理財務之公司高級行政人員。 公司秘書指公司之公司秘書或任一聯席公司秘書。 董事指董事會成員。 本集團指公司及其不時的附屬公司和併表聯屬實體；或若文義另有所指，於 公司成為其現時附屬公司和併表聯屬實體之控股公司前之期間，則指有關附 屬公司和併表聯屬實體（猶如其於相關時間已為本公司的附屬公司和併表聯 屬實體）。 上市規則指《香港聯合交易所有限公司證券上市規則》（經不時修訂）。 提名委員會指董事會根據本職權範圍第2條通過之決議而設立之提名委員會。 高級管理層指主席、副總裁、行政總裁、首席財務官及董事會不時決定出任 公司高級管理層之本集團任何其他行政人員；公司之其他管理人員而其薪酬 待遇或建議薪酬待遇比其他由董事會委任的人員較為優厚；及其他由公司的 薪酬委員會視為高級管理層的人士。 股東指公司之股東 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 Ming Yuan Cloud Group Holdings Limited 明源雲集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：909） 截至二零二五年六月三十日止六個月 中期業績公告 董事會謹此宣佈，本集團截至二零二五年六月三十日止六個月的未經審計簡明綜 合中期業績，連同截至二零二四年六月三十日止六個月的可比較數字如下： 財務摘要 截至六月三十日止六個月 二零二五年 二零二四年 同比變動% （人民幣千元，另有指明者除外） | 收入 | 605,807 | 720,106 | (15.9) | | --- | --- | --- | --- | | 毛利潤 | 486,023 | 577,696 | (15.9) | | 營運虧損 | (65,580) | (210,434) | (68.8) | | 所得稅前利潤╱（虧損） | 9,622 | (116,287) | (108.3) ...

消息面上，明源云拟于8月26日举行董事会会议批准中期业绩。公司此前发布盈喜，预计上半年股东应 占利润净额约1209万元至1541万元人民币，去年同期亏损1.15亿元。高盛认为，明源云上半年盈利表现 超出预期，主要源于成本控制较理想。 明源云(00909)午后涨超6%，截至发稿，涨6.68%，报4.31港元，成交额1.3亿港元。 此外，明源云近日宣布拟收购ASIOT株式会社100%股权，目标公司是一家专为日本不动产行业提供人 工智能(AI)及物联网(IOT)解决方案的服务商，现金代价7亿日元。光大证券此前指出，25年2月，明源 云正式对外宣布已接入DeepSeek大模型，DeepSeek大模型已深度融入公司的AI数字营销全系产品中， 目前已在地产、家居、汽车三大行业的2500多个项目中成功应用落地，日均推理用量高达12万+。预计 预计上半年公司AI产品签约金额约3000万元，25年签约金额有望达6000万元。 ...

Core Viewpoint - Mingyuan Cloud (00909) experienced a decline of 3.57% in stock price, trading at 4.32 yuan per share with a transaction volume of 300 million yuan as of 15:56 on August 19 [1] Group 1: Company Overview - Mingyuan Cloud Group Holdings Limited is a service provider offering digital solutions for the real estate ecosystem, focusing on various SaaS products and solutions including digital operations, marketing, engineering, asset management, supply chain, property management, and commercial services [1] - The company has provided digital products and services to over 7,000 real estate development and operation enterprises, as well as comprehensive digital solutions to more than 1,000 state-owned enterprises, aiding in their digital transformation and high-quality development [1] Group 2: Financial Performance - As of the 2024 annual report, Mingyuan Cloud reported total revenue of 1.435 billion yuan and a net loss of 190 million yuan [2]