Hangzhou Raycloud Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 11:10 am
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Hangzhou Raycloud Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 126.998 million compared to CNY 103.649 million a year ago. Operating loss was CNY 11.438 million compared to operating Income of CNY 17.138 million a year ago. Net loss was CNY 6.302 million compared to net income of CNY 16.830 million a year ago. Basic loss per share from continuing operations was CNY 0.02 compared to basic earnings per share from continuing operations of CNY 0.05 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.
HANGZHOU RAYCLOUD TECHNOLOGY CO.,LTD 
