In 2022, the annual cryptocurrency related business revenue of Meilian Education totaled 81.599 million yuan, accounting for 20.4% of the total revenue

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.

Interpretation of this information:

Meilian Education, a Chinese company, recently announced its annual report for the financial year ended December 31, 2022. The report showed that the revenue of the company decreased by 45.2% as compared to the previous year. The revenue in 2022 was 399 million yuan, down from 729 million yuan in 2021.

The report also revealed that Meilian Education has been involved in cryptocurrency-related businesses, which accounted for 20.4% of the total revenue in 2022. The revenue generated from these businesses was 81.599 million yuan, with mining Bitcoin being the primary source of revenue.

It is interesting to note that the revenue generated from cryptocurrency-related businesses has become a significant part of Meilian Education’s total revenue. However, the overall revenue of the company has decreased substantially. It is unclear whether this decline in revenue has been due to the general economic downturn in the country or other factors.

Nonetheless, Meilian Education is optimistic about the future and intends to continue to invest in the cryptocurrency market. The company believes that digital currencies have enormous potential, and with the increasing demand for cryptocurrency, the revenue generated from these businesses will continue to grow.

In conclusion, it seems that Meilian Education has been diversifying its revenue streams by investing in cryptocurrency-related businesses. Although this has become a substantial source of revenue for the company, its overall revenue has decreased. Nonetheless, the company remains optimistic about the future of cryptocurrency and intends to continue to invest in this market.