UCloud Technology Co LtdUCloud turned profitable in H1 with revenue up 24.09% and net profit reversing to positive, driven by AI-related revenue exceeding 40% of total.

UCloud released its financial report for the first half of this year, achieving operating revenue of 980 million yuan, up 24.09 percent year on year, and net profit attributable to the parent of 8.08 million yuan, reversing a loss of 15.9 million yuan in the same period last year and representing a year-on-year increase of 150.81 percent. During the reporting period, gross margin rose 3.4 percentage points from a year earlier to 28.36 percent, and operating cash flow reached 67.44 million yuan. The company said revenue growth came from expanding its cloud computing product portfolio, while IDC and AIDC revenue benefited from the steady commissioning and deployment of intelligent computing center resources, and the higher gross margin also lifted overall profitability. In this report, UCloud optimised and adjusted its main business classification, reorganising it into four segments: cloud computing, IDC and AIDC services, cloud communications, and others. AI-related revenue now accounts for more than 40 percent of the total, making it the core engine driving performance growth.
UCloud Technology Co LtdUCloud turned profitable in H1 with revenue up 24.09% and net profit reversing to positive, driven by AI-related revenue exceeding 40% of total.