Meilian Education

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 Chinese education company, released its annual report for the year 2022, revealing a significant decline in revenue. The revenue for the company in the previous year was 729 million yuan, which dropped to just 399 million yuan in 2022, indicating a decrease of 45.2%. However, despite the fall in revenue, Meilian’s cryptocurrency-related businesses showed an…