MING YUAN CLOUD (00909) announced its interim results for 2025, reporting revenue of approximately RMB 606 million, down 15.9% year-over-year; gross profit of approximately RMB 486 million, down 15.9% year-over-year; profit for the period of RMB 13.748 million, turning from loss to profit year-over-year; and adjusted net profit of RMB 33.119 million, also turning from loss to profit year-over-year.

Among the segments, cloud services business revenue was approximately RMB 525 million, down 14.3% year-over-year, accounting for 86.6% of total revenue (compared to 85.0% in the same period of 2024). The decline in cloud services was primarily attributed to changes in the macroeconomic market environment and the impact of deferred revenue resulting from historical contract signing declines, which collectively led to an overall decrease in cloud services revenue.

Local deployment software and services business revenue was RMB 81.1 million, down 24.8% year-over-year. Revenue from product support services and specialized value-added services for existing customers remained stable. However, due to limited new customer acquisitions in the residential market and year-over-year declines in new product license sales and delivery contract signings, overall local deployment software and services revenue declined.

In terms of growth prospects, while revenue scale continues to decline, the revenue structure has improved, with AI and overseas products beginning to contribute to revenue. Looking ahead to the full year, China's residential market is moving toward stabilization and recovery. The company will continue to invest heavily in AI innovation while ensuring business profitability, expand into overseas markets with significant potential, and drive the business toward a new round of sustained growth and scaled profitability.