UCloud Reports RMB 24.8307 Million in Net Profit for First Three Quarters, Achieving Year-on-Year Turnaround from Losses to Gains
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Author:小编   

On October 22, UCloud disclosed that its operational revenue for the third quarter soared to RMB 610 million, marking a robust year-on-year surge of 39.79%. Notably, the company transitioned from losses to profits, reporting a net profit of RMB 16.7534 million for the same period. For the cumulative first three quarters, UCloud's operational revenue reached RMB 1.591 billion, reflecting a commendable year-on-year growth of 29.67%. The net profit for this period stood at RMB 24.8307 million, also marking a significant turnaround from losses to gains compared to the previous year. This remarkable performance growth can be primarily attributed to the consistent revenue increase from cloud computing products, coupled with the expansion in IDC and AIDC revenues. This expansion was fueled by the stable commissioning and rollout of resources within the intelligent computing center.