Ucloud Technology Co.,Ltd. Posted 190.5 Million Yuan Net Loss in First Half of 2023

Ucloud Technology Co.,Ltd. (优刻得科技股份有限公司) (688158.SH) reported a net loss of 190.5 million yuan in the first half of 2023, narrowing 28.3% year-on-year.

Meanwhile, the company posted 739.3 million yuan in revenue, down 29.3% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 29%.