Summary by Moomoo AI
MING YUAN YUN GROUP HOLDINGS LIMITED (MING YUAN YUN) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. The Group's revenue for the year was RMB1,639.6 million, down 9.7% from the same period last year. Gross profit was RMB1,303.2 million, down 11.9%. The loss for the year was RMB587.0 million, down 49.4% from the same period last year. Adjusted net loss was RMB169.7 million, down 72.9% year-on-year. The Chinese residential market both decreased in sales volume and sales volume throughout the year, with a significant decrease in the area of new construction. MING YUAN CLOUD FOCUSES ON PROVIDING CLOUD SERVICES AND LOCALIZED DEPLOYMENT SOFTWARE FOR THE REAL ESTATE ECOCHAIN, AND LAUNCHED SEVERAL NEW PRODUCTS DURING THE REPORTING PERIOD. In the future, the Group will continue to cultivate a high-quality national customer base, combine AI technology upgrade products, and explore overseas markets. The Group also announced that it will pay a special dividend of HK$0.1 per share from the share premium payment, pending the approval of the Annual General Meeting.