Core Insights - Mingyuan Cloud (00909.HK) reported a mid-year performance for the first half of 2025, with revenue reaching RMB 605.8 million, a year-on-year decline of 15.9% [1] - The company achieved a profit of RMB 13.748 million, compared to a loss of RMB 115 million in the same period last year, indicating a turnaround to profitability [1] - Adjusted net profit for the period was RMB 33.1 million, a significant improvement from a loss of RMB 10,000 in the previous year [1] Revenue Breakdown - Cloud service revenue amounted to RMB 524.7 million, down 14.3% year-on-year, accounting for 86.6% of total revenue [1] - The decline in cloud service revenue was primarily due to changes in the macro market environment and a decrease in historical contract signings, which affected deferred revenue [1] - Revenue from localized deployment software and services was RMB 81.1 million, reflecting a year-on-year decrease of 24.8% [1] - Despite stable income from existing customers for product support and value-added services, the overall decline in localized deployment revenue was attributed to limited new customer acquisition in the residential market and a drop in new product license sales and contract signings [1]
明源云(00909.HK)上半年扭亏为盈至1374.8万元 云服务业务收入同比下降14.3%