Hangzhou Raycloud Technology Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 498.18 million compared to CNY 545.34 million a year ago. Net loss was CNY 167.89 million compared to CNY 59.54 million a year ago.

Basic loss per share from continuing operations was CNY 0.42 compared to CNY 0.15 a year ago.