MCC Meili Cloud reports losses, plans strategic overhaul

** MCC Meili Cloud Computing Industry Investment (SZSE:000815) reported substantial financial losses in its 2024 annual report, prompting a strategic review. The company's net losses reached CN¥548.48 million, a stark contrast to the CN¥17.77 million loss in the previous year, and recorded a 15.71% year-over-year decrease in revenues, and a 2,987.10% year-over-year decrease in net profit. In response to these challenges, MCC Meili Cloud plans a strategic overhaul, emphasizing efficiency, technological innovation, and sustainable growth.