Ucloud Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
February 25, 2021 at 09:46 am
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UCloud Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 246,610.99 compared to CNY 151,491.76 a year ago. Operating loss was CNY 32,619.84 compared to operating Income of CNY 2,244.69 a year ago. Net loss was CNY 34,055.12 compared to net income of CNY 2,119.06 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.
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. 
