Ucloud Technology Co.,Ltd. Posted 265.6 Million Yuan Net Loss in First Half of 2022

Ucloud Technology Co.,Ltd. (优刻得科技股份有限公司) (688158.SH) reported a net loss of 265.6 million yuan in the first half of 2022, narrowing 15.2% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 30.6% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 33.5%.