UCloud Technology Co., Ltd. reported earnings results for the half year ended June 30, 2024. For the half year, the company reported sales was CNY 730 million compared to CNY 739.31 million a year ago. Net loss was CNY 108.45 million compared to CNY 188.17 million a year ago. Basic loss per share from continuing operations was CNY 0.24 compared to CNY 0.42 a year ago. Diluted loss per share from continuing operations was CNY 0.24 compared to CNY 0.42 a year ago.
UCloud is a China-based IaaS platform that offers solutions such as cloud-based storage, acceleration, hosting and data analytics for sectors including finance and education.