On March 19, Ge Longhui | Ming Yuanyun (00909.HK) announced that for the year ended December 31, 2023, revenue reached RMB 1,6396 million, a year-on-year decrease of 9.7%. The overall cost reached RMB 2,084.2 billion in 2023, a year-on-year decrease of 16.8%. Adjusted net loss reached RMB 169.7 million in 2023, a year-on-year decrease of 72.9%.
During the reporting period, the Group's overall gross profit was RMB 1,303.2 billion, a year-on-year decrease of 11.9%. The gross profit of cloud services was RMB 1,181.1 billion, a year-on-year decrease of 10.3%. The gross margin of cloud services fell from 92.3% in 2022 to 88.2% in 2023, mainly due to increased third-party outsourcing costs in cloud services. The gross profit for the localized deployment of software and services was RMB122.1 million, a year-on-year decrease of 25.0%. The gross margin for the localized deployment of software and services was 40.6%, which remained stable.