Summary by Moomoo AI
Ming Yuan Cloud Holdings Limited (Ming Yuan Cloud) announced its interim report for 2024, which shows that the revenue for the period was RMB 720,106 thousand, a decrease of 5.5% compared to the same period last year. The gross profit was RMB 577,696 thousand, the operating loss was RMB 210,434 thousand, and the loss for the period was RMB 115,369 thousand, a significant decrease compared to the loss in the same period last year. The adjusted net loss was RMB 16,962 thousand, a decrease of 82.5% compared to the loss in the same period last year. The net cash outflow from operating activities was approximately RMB 164.5 million, a decrease of 39.1% compared to the net outflow in the same period last year. The Group is mainly engaged in providing...Show More