Cloud Factory Technology Holdings Limited (CLOUD FACTORY) reported audited results for the year ended 31 December 2025.

Revenue and Segment Mix • Group revenue climbed 33.3% year-on-year to RMB 943.50 million, driven mainly by Internet Data Centre (IDC) Solution Services and the launch of Intelligent Computing. • IDC Solution Services contributed RMB 758.64 million, up 15.2% and accounting for 80.4% of total revenue. • Edge Computing Services fell 15.1% to RMB 41.60 million. • Intelligent Computing, a new business line, generated RMB 139.81 million, or 14.8% of revenue. • Other Services brought in RMB 3.45 million.

Profitability • Gross profit rose 7.1% to RMB 96.01 million, while gross margin narrowed to 10.2% from 12.7% a year earlier, reflecting higher bandwidth, data-centre and computing-resource costs. • Profit before tax was broadly flat at RMB 13.86 million (+0.2%). • Net profit declined 4.9% to RMB 11.76 million; basic EPS fell to RMB 0.02 from RMB 0.03.

Cost Structure • Cost of sales increased 37.1% to RMB 847.48 million, outpacing revenue growth. • Research and development expenditure expanded 39.1% to RMB 33.14 million as the Group invested in new platforms and intelligent computing capabilities. • Finance costs rose 20.0% to RMB 10.18 million, reflecting higher bank borrowings.

Balance-Sheet Highlights • Cash and cash equivalents stood at RMB 603.79 million, up 62.7% from end-2024, supported by a HK$229.01 million share subscription completed in August 2025. • Interest-bearing bank borrowings totalled RMB 378.10 million; the gearing ratio (total debt / total equity) was approximately 0.8 times. • Net current assets increased to RMB 426.15 million (2024: RMB 316.71 million). • Trade receivables rose 31.1% to RMB 308.15 million, in line with revenue growth.

Capital Actions • Issued 45.99 million new shares in August 2025, raising about RMB 208.40 million (pre-expenses). • Repurchased 26.62 million shares for HK$118.89 million, held as treasury shares.

Dividend No dividend was declared for 2025.

Outlook and Strategy Management will continue to prioritise its “Edge Cloud + AI Services” strategy, deepen investment in intelligent computing centres, expand the “Lingjing Cloud” platform, and enhance utilisation of heterogeneous computing resources while maintaining cost discipline.