In the first half of 2024, U4 achieved revenue of 0.487 billion yuan, an 86.6% year-on-year increase; gross profit of 0.185 billion yuan, a 213.9% year-on-year increase, with a gross margin of 38%.
Zhitong Finance APP learned that on August 28, U4(09880) released its interim results for the six months ended June 30, 2024. In the first half of 2024, U4 achieved revenue of 0.487 billion yuan, an 86.6% year-on-year increase; gross profit of 0.185 billion yuan, an increase of 213.9% year-on-year, with a gross margin of 38%, showing a significant improvement compared to last year; the loss narrowed significantly, with EBITDA loss narrowing by 23.75% year-on-year.
