UCloud(SH:688158) Xi Niu Cai Jing·2025-04-23 12:39Core Insights - The company reported a revenue of 1.503 billion yuan for 2024, a year-on-year decrease of 0.81% [2] - The net loss attributable to shareholders was 241 million yuan, an increase of 29.67% year-on-year [2] - The basic earnings per share were -0.53 yuan [2] Financial Performance - In Q4 2024, the company achieved a revenue of 409 million yuan, a year-on-year decrease of 1.73% but a quarter-on-quarter increase of 12.32% [3] - The net loss attributable to shareholders in Q4 was approximately 75.76 million yuan, a decrease of 28.52% year-on-year and 33.30% quarter-on-quarter [3] - The gross margin for 2024 was 18.86%, an increase of 7.75 percentage points year-on-year [3] - The net margin was -16.08%, an improvement of 6.79 percentage points year-on-year [3] Expense Management - Total operating expenses for 2024 were 465 million yuan, a decrease of 11.91 million yuan year-on-year [3] - The expense ratio was 30.96%, a decrease of 0.53 percentage points year-on-year [3] - Sales expenses decreased by 3.35%, management expenses decreased by 2.41%, and R&D expenses decreased by 7.17% [3] - Financial expenses increased by 54.97% [3] Research and Development - R&D investment for 2024 was 189 million yuan, a decrease of 7.17% year-on-year, accounting for 12.58% of revenue, down 0.86 percentage points from 2023 [3] - The number of R&D personnel was 358, representing 41% of total employees, with an average salary of 507,000 yuan, an increase of 8.11% from 2023 [3] Company Overview - The company was established on March 16, 2012, and went public on January 20, 2020 [4] - It focuses on providing enterprise-level cloud services, including cloud servers, cloud hosts, cloud databases, hybrid cloud, CDN, and artificial intelligence services [4]