"MING YUAN CLOUD" expects to turn a loss into a profit last year, earning up to 32.8 million RMB

MING YUAN CLOUD (00909.HK) issued a profit warning, expecting a net profit of approximately RMB 26.9 million to RMB 32.8 million for the year ending last December, compared to a net loss of approximately RMB 190 million for the same period in 2024. The group achieved a turnaround from loss to profit, mainly due to the company's focus on core products and key customers, which released a significant amount of operating costs and improved the company's profitability; at the same time, by empowering business processes with AI technology, it significantly enhanced labor efficiency and operational efficiency, effectively streamlining development, sales, and operating costs.

In addition, after excluding share-based compensation, the group expects an adjusted net profit (non-International Financial Reporting Standards measurement) of approximately RMB 97.2 million to RMB 103 million for the period, while the adjusted net loss for the 2024 fiscal year is estimated at approximately RMB 44 million