Hangzhou Raycloud Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 04:46 am EDT
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Hangzhou Raycloud Technology Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 396.44 million compared to CNY 364.46 million a year ago. Revenue was CNY 396.44 million compared to CNY 364.46 million a year ago. Net loss was CNY 30.26 million compared to net income of CNY 58.64 million a year ago. Basic loss per share from continuing operations was CNY 0.08 compared to basic earnings per share from continuing operations of CNY 0.1 a year ago. Diluted loss per share from continuing operations was CNY 0.08 compared to diluted earnings per share from continuing operations of CNY 0.1 a year ago.
Hangzhou Raycloud Technology Co Ltd is a China-based company mainly engaged in the research, development and sales of software and service (SaaS) products. The Company provides customers with SaaS products based on e-commerce platforms, as well as value-added services such as supporting hardware, operational services and customer relationship management (CRM) short message service. Its SaaS products include super store manager, courier assistant, Kuaimai ERP, deep drawing detail page robot. The sales channels of this product are divided into online channels and offline channels, including the service market and telemarketing of various e-commerce platforms. Its supporting hardware includes Kuaimai electronic surface order printer. Its operation service is mainly based on Kuaimai e-commerce and it conducts marketing by providing customers with customized operation solutions.