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]
明源云午后涨超4% 上半年实现正向盈利 公司加大云客AI产品投入与推广