Ucloud Technology Co., Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
April 26, 2021 at 07:18 pm
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UCloud Technology Co., Ltd. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was CNY 2,455.134 million compared to CNY 1,514.917 million a year ago. Operating loss was CNY 332.219 million compared to operating Income of CNY 22.446 million a year ago. Net loss was CNY 342.758 million compared to net income of CNY 21.190 million a year ago. Basic loss per share from continuing operations was CNY 0.82 compared to basic earnings per share from continuing operations of CNY 0.06 a year ago. For the quarter, sales was CNY 710.862 million compared to CNY 412.554 million a year ago. Operating loss was CNY 131.096 million compared to CNY 24.778 million a year ago. Net loss was CNY 131.519 million compared to CNY 25.564 million a year ago. Basic loss per share from continuing operations was CNY 0.31 compared to CNY 0.06 a year ago.
UCloud Technology Co Ltd is a China-based company mainly engaged in providing third-party cloud computing services. The Company develops and provides basic resources such as computing, network, and storage, basic Internet technology architecture products built on these basic resources, as well as products such as big data and artificial intelligence products. The Company mainly provides services to users through three modes: public cloud, private cloud and hybrid cloud. The Company customers include Internet companies in interactive entertainment, mobile Internet and enterprise service fields, as well as companies in traditional industries such as finance, education institutions, new retail and smart manufacturing. The Company distributes its products within domestic market and to overseas markets.
UCLOUD TECHNOLOGY CO., LTD. 
