Montnets Cloud Technology Group Co.,Ltd. Posted 10.3 Million Yuan Net Profit in First Quarter of 2023

Montnets Cloud Technology Group Co.,Ltd. (梦网云科技集团股份有限公司) (002123.SZ) reported a net profit of 10.3 million yuan in the first quarter of 2023, reversing a net loss of 41.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 49.4% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 41%.