Yonyou Network reports mixed H1 results, cloud services grow

Yonyou Network Technology reported a 5.9% decrease in operating revenue to 3,581,053,577 yuan for the first half of 2025, primarily due to a first-quarter decline, with a return to growth in the second quarter. Net loss attributable to shareholders reached 944,519,882 yuan. Despite this, cloud services revenue grew 2.4% to 2,763,350,000 yuan, constituting 77.2% of total revenue, with subscription-related contract liabilities increasing 23.6% to 2.41 billion yuan.

The company's "AI First" strategy led to advancements in AI-integrated products, including the YonBIP Enterprise AI platform. Total R&D expenses for H1 2025 were 1,124,837,289 yuan. In its commitment to investor returns, the company will continue its share repurchase program, having bought back 2.424 million shares totaling 27,897,176 yuan in H1 2025. This initiative aims to maintain market confidence and support future employee incentive plans.

Yonyou also confirmed the full utilization of its 5,257,527,633.50 yuan raised from a non-public offering, with all dedicated accounts now closed. The company is actively engaging with investors through various channels to communicate its long-term value and strategy, upholding strong corporate governance and risk management.