Annual Report

It is reported that Meilian Education released its annual report for 2022. During the year, the revenue of Meilian was 399 million yuan, down 45.2% from 729 million yuan in 2021. Among them, in 2022, the revenue of Meilian’s cryptocurrency related businesses totaled 81.599 million yuan, accounting for 20.4% of the total revenue. Meilian Education pointed out that in the financial year ended December 31, 2022, mining from Bitcoin contributed the vast majority of revenue. In 2022, the annual cryptocurrency related business revenue of Meilian Education totaled 81.599 million yuan, accounting for 20.4% of the total revenue Analysis based on this information:Meilian Education, a leading education company in China, recently released its annual report for 2022. The report revealed a decline in revenue from the previous year, with a 45.2% drop from 729 million yuan in 2021 to 399 million yuan in 2022. This could be attributed to the disruption caused by the pandemic and the economic slowdown in China….

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