Cloopen Group Holding Ltd., a leading multi-capability cloud-based communications solution provider, reported its financial results for the fiscal year ending December 31, 2024. The company recorded revenues of RMB 573.6 million (approximately USD 78.6 million), marking a slight increase from RMB 571.0 million reported in the previous year. The gross profit for the year was RMB 210.8 million, an increase from RMB 204.6 million in 2023. The company's gross profit margin slightly improved to 36.8%, compared to 35.8% in the prior year. Cloopen emphasized its focus on capturing market opportunities as enterprises in China continue to adopt cloud-based technologies, presenting significant growth prospects. The company's results reflect its ongoing efforts to leverage the maturity of China's network infrastructure for cloud computing, which supports the rapid adoption of cloud technologies. Cloopen did not provide specific guidance for future periods but highlighted the potential for growth in the emerging market for cloud-based communications solutions in China.