业绩预亏的主要原因：(一)尽管公司2025年度收入实现正增长，但因公司第一季度收入同比降幅较大， 同时更大力度推进向订阅业务模式转型，导致全年收入增速不高。(二)公司2025年度的成本费用较高， 其中无形资产摊销金额约12.4亿元(主要是公司面向数字化与智能化的新一代产品研发形成的无形资产 的摊销)，同比增长约2.4亿元。 智通财经APP讯，用友网络(600588.SH)发布公告，公司预计2025年度实现归属于母公司所有者的净亏 损为13亿元到13.9亿元，同比减亏6.71亿元到7.61亿元。 ...

用友网络1月13日公告，预计2025年度归母净利润亏损13亿元到13.9亿元，同比减亏。尽管公司2025年 度收入实现正增长，但因公司第一季度收入同比降幅较大，同时更大力度推进向订阅业务模式转型，导 致全年收入增速不高。 ...

格隆汇1月13日丨用友网络(600588.SH)公布，1、经财务部门初步测算，预计2025年度实现归属于母公 司所有者的净亏损为130,000万元到139,000万元，同比减亏67,131万元到76,131万元。2、预计2025年度 实现归属于母公司所有者的扣除非经常性损益后的净亏损为145,000万元到154,000万元，同比减亏 49,821万元到58,821万元。 报告期内，公司自第二季度起，合同签约金额恢复正增长，收入实现持续稳定增长，业务经营持续回转 向好。预计全年实现营业收入917,000万元至927,000万元，从上年度的负增长转向企稳回正，亏损大幅 收窄，人效提高。报告期内，预计公司经营活动产生的现金流量净额实现净流入，全年超7亿元，较去 年同期改善10亿元。 （一）尽管公司2025年度收入实现正增长，但因公司第一季度收入同比降幅较大，同时更大力度推进向 订阅业务模式转型，导致全年收入增速不高。（二）公司2025年度的成本费用较高，其中无形资产摊销 金额约12.4亿元（主要是公司面向数字化与智能化的新一代产品研发形成的无形资产的摊销），同比增 长约2.4亿元。 ...

Core Viewpoint - Yonyou Network Technology Co., Ltd. reported a revenue decline of 5.9% year-on-year for the first half of 2025, with a total revenue of 3.581 billion yuan compared to 3.8 billion yuan in the same period last year [1][2]. Financial Performance - Revenue for the first half of 2025 was 3.581 billion yuan, down from 3.805 billion yuan in the previous year, marking a decrease of 5.9% [2]. - The net loss attributable to shareholders was 944.52 million yuan, compared to a net loss of 793.94 million yuan in the same period last year [2]. - The net cash flow from operating activities was -928.18 million yuan, an improvement from -1.521 billion yuan in the previous year [2]. - Total assets decreased by 9.2% to 21.93 billion yuan, while net assets attributable to shareholders fell by 8.5% to 7.55 billion yuan [2]. Business Segments - The company's cloud service revenue reached 2.763 billion yuan, accounting for 77.2% of total revenue, an increase of 2.4 percentage points year-on-year [4]. - The core product, Yonyou BIP, generated 1.33 billion yuan in revenue, up 7.7% year-on-year, and its proportion of total revenue increased by 4.7 percentage points [3][4]. - The company signed AI project contracts with notable enterprises, contributing to a revenue of 2.319 billion yuan from large enterprise clients, despite a 2.9% year-on-year decline [5]. Strategic Developments - The company is focusing on optimizing its workforce and enhancing AI applications, resulting in a reduction of 2,178 employees to a total of 19,105 [3]. - Yonyou Network is transitioning to a subscription-based business model, with subscription-related contract liabilities increasing by 23.6% to 2.41 billion yuan [4]. - The company has successfully launched AI projects with various clients, indicating a strong push towards digital transformation in finance, human resources, and supply chain management [5]. Management Changes - Frequent changes in management have been noted, with founder Wang Wenjing reassuming the role of president after a series of short tenures by other executives [7][9][11]. Shareholding Structure - As of June 30, 2025, major shareholders include Beijing Yonyou Technology Co., Ltd. with 26.96% and Shanghai Yonyou Technology Consulting Co., Ltd. with 11.47% [12][15]. - The company’s stock price was reported at 17.13 yuan, with a market capitalization of 58.533 billion yuan [17].