UBTECH Holdings Co., Ltd. announced its interim report on June 30, 2024, which showed that the revenue for the period was 487,229 thousand yuan, an increase of 86.6% compared to the same period last year; the gross profit was 185,201 thousand yuan, an increase of 213.9%. However, the company still recorded an operating loss of 530,386 thousand yuan and a net loss of 539,808 thousand yuan for the period, although the loss was slightly reduced compared to the same period last year. The research and development investment of the company continues to increase, with research and development expenses of 227,515 thousand yuan. In addition, on August 1, 2024, the company entered into a placement agreement for the sale of 1,420,000 new H shares with the placement agent at a placement price of HKD 92.00 per H share, which was completed on August 8. As of the end of the reporting period, the company had RMB 774,529 thousand in cash and cash equivalents.

UBTECH Holdings Co., Ltd. announced its interim report on June 30, 2024, which showed that the revenue for the period was 487,229 thousand yuan, an increase of 86.6% compared to the same period last year; the gross profit was 185,201 thousand yuan, an increase of 213.9%. However, the company still recorded an operating loss of 530,386 thousand yuan and a net loss of 539,808 thousand yuan for the period, although the loss was slightly reduced compared to the same period last year. The research and development investment of the company continues to increase, with research and development expenses of 227,515 thousand yuan. In addition, on August 1, 2024, the company entered into a placement agreement for the sale of 1,420,000 new H shares with the placement agent at a placement price of HKD 92.00 per H share, which was completed on August 8. As of the end of the reporting period, the company had RMB 774,529 thousand in cash and cash equivalents.