UCloud(SH:688158) Zheng Quan Zhi Xing·2025-08-16 23:05Core Viewpoint - The recent financial report of UCloud (688158) shows a positive trend in revenue and profit margins, despite a net loss, indicating potential for recovery and growth in the future [1][3]. Financial Performance - As of the end of the reporting period, UCloud's total revenue reached 791 million yuan, an increase of 8.37% year-on-year [1]. - The net profit attributable to shareholders was -79.6484 million yuan, reflecting a year-on-year improvement of 26.56% [1]. - In Q2, total revenue was 415 million yuan, up 8.72% year-on-year, with a net profit of -34.9158 million yuan, an increase of 25.03% year-on-year [1]. - Gross margin improved to 24.96%, a year-on-year increase of 35.43%, while net margin was -10.08%, up 32.67% year-on-year [1]. Cost Structure - Total selling, administrative, and financial expenses amounted to 151 million yuan, accounting for 19.13% of revenue, which is a 9.31% increase year-on-year [1]. - The company's cash flow per share decreased to 0.1 yuan, down 25.9% year-on-year [1]. Investment Metrics - The company's historical return on invested capital (ROIC) has been poor, with a median ROIC of -12.39% since its listing [3]. - The company has reported losses in 6 out of 10 years since its IPO, indicating challenges in achieving sustainable profitability [3]. Shareholder Information - The largest fund holding UCloud shares is Guorong Rongsheng Longtou Selected Mixed A, with 2.55 billion yuan in assets and a recent net value increase of 4.32% [4].