Montnets Cloud Technology Group (002123.SZ) released its preliminary earnings forecast, with an estimated net profit of 46-55 million yuan for the full year of 2024, turning losses into profits year-on-year.

Montnets Cloud Technology Group (002123.SZ) released its annual performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 46 million to 55 million yuan for the full year, turning losses into profits compared to the previous year. In the fiscal year 2023, the company incurred significant losses mainly due to impairment of goodwill; however, there was no impairment of goodwill during the reporting period. During the reporting period, the company focused on its core business, made progress in its 5G messaging business, and gradually increased its customer base. At the same time, the company further intensified its efforts to expand into international markets, achieving business growth in key regions and rapidly developing its international business during the reporting period, enhancing the company's competitiveness and influence in the global cloud communication industry. During the reporting period, the company improved its overall structure, optimized business processes, enhanced technological innovation, and took various measures to increase operational efficiency, reduce labor costs, and communication costs, resulting in a year-on-year decrease in operating expenses for the company.