Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 156

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 156
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MB8,122.6 billion,
RMB223.2 billion and RMB1,077 billion, respectively.

According to MIIT data, the revenue of software
products grew steadily in 2023 to RMB2,903 billion, accounting for 23.6% of the total revenue of the industry. It was 11.1% higher
on a year-on-year basis, and was 1.2% higher than the same period in 2022. Included in that was the income from industrial software products
of RMB282.4 billion, a year-on-year increase of 12.3%.

Revenue from information technology services achieved
the highest growth rate among the surveyed sectors. The revenue from information technology services was RMB8,122.6 billion, a year-on-year
increase of 14.7%, and 1.3% higher than the industry average. It accounted for 65.9% of the industry’s revenue. Included in that
was cloud computing and big data services which achieved a total revenue of RMB1,247 billion, a year-on-year increase of 15.4%, and
accounted for 15.4% of information technology service revenue, a 0.5% higher than the ratio of 2022. Integrated circuit design revenue
was RMB306.9 billion, a year-on-year increase of 6.4%. E-commerce platform technology service revenue was RMB1,178.9 billion,
a year-on-year increase of 9.6%.

Growth in sales from information security products
and services was steady. In 2023 the revenue from information security products and services was RMB223.2 billion, a year-on-year
increase of 12.4%, 2% lower than that of previous year.

<div align='center'>87</div>

Embedded system software revenue achieved double
digit growth rate. In 2023 revenue from embedded system software was RMB1,077 billion, a year-on-year increase of 10.6%, 0.7% lower
than that of prior year.

<div align='center'>Figure 4 Distribution by sectors of Software
Industry revenue in 2023

88</div>

3. Analysis by Regions

Revenue from Software Industry in the Eastern and
Northeastern regions of the PRC continued to growth at a fast pace, while the growth trend in the Central and Western regions remained
strong. In 2023 the revenues from the Software Industry