BEIJING, October 17, 2025 (PRNewswire) – Ucommune International Ltd (“we,” “Ucommune” or the “Company”) (NASDAQ: UK), a co-working spaces and related service provider in China, today announced its unaudited financial results for the first half of fiscal year 2025.
Financial Highlights for the First Half of Fiscal Year 2025
●Revenue decreased by 30.1% to RMB65.0 million (US$9.1 million), compared to RMB93.0 million in the same period of last year.●Gross profit improved to a positive RMB4.0 million (US$0.6 million), compared to a gross loss of RMB1.6 million in the same period of last year.●Operating loss was RMB12.2 million (US$1.7 million), compared to RMB25.7 million in the same period of last year.●Net loss from continuing operations was RMB9.1 million (US$1.3 million), compared to RMB49.2 million in the same period of last year.●Adjusted net loss (non-GAAP) from continuing operations was RMB15.0 million (US$2.1 million), compared to RMB32.8 million in the same period of last year.●EBITDA (non-GAAP) from continuing operations was a loss of RM7.6 million (US$1.1 million), compared to a loss of RMB39.8 million in the same period of last year.●Adjusted EBITDA (non-GAAP) from continuing operations was a loss of RMB11.3 million (US$1.6 million), compared to a loss of RMB21.5 million in the same period of last year.
First Half of Fiscal Year 2025 Financial Results
Revenue decreased by 30.1% to RMB65.0 million (US$9.1 million), compared to RMB93.0 million in the same period of last year, mainly due to the expiration and closure of some co-working spaces, as well as the disposal of several subsidiaries which operate co-working spaces.
Cost of revenue decreased by 35.5% to RMB61.0 million (US$8.5 million), compared to RMB94.6 million in the same period of last year, mainly due to the expiration and closure of some co-working spaces, as well as the disposal of several subsidiaries which operate co-working spaces.
Gross profit increased by RMB5.6 million to RMB4.0 million (US$0.6 million) from a gross loss of RMB1.6 million in the same period of last year. This improvement was primarily driven by the strategic closure of unprofitable co-working spaces and the divestment of several subsidiaries operating unprofitable co-working spaces.
General and administrative expenses decreased by 46.5% to RMB13.7 million (US$1.9 million) from RMB25.6 million in the same period of last year, mainly due to the decreases in staff costs and share-based compensation expenses.
Sales and marketing expenses decreased by 55.8% to RMB0.8 million (US$0.1million) from RMB1.8 million in the same period of last year. The decreases in promotion and advertising fee and business development fee are mainly due to the disposal of several subsidiaries which operate co-working spaces as well as the closure of some co-working spaces.
Operating loss was RMB12.2 million (US$1.7 million), compared to RMB25.7 million in the same period of last year. This improvement was primarily driven by the strategic closure of unprofitable co-working spaces and the divestment of several subsidiaries operating unprofitable co-working spaces.
Net loss from continuing operations was RMB9.1 million (US$1.3 million), compared to RMB49.2 million in the same period of last year. Adjusted net loss (non-GAAP) from continuing operations was RMB15.0 million (US$2.1 million), compared to RMB32.8 million in the same period of last year.