QingCloud Technologies released its 2026 interim report, showing first-half operating revenue of 87.42 million yuan, down 12.7% year on year, and a net loss attributable to the parent of 34.51 million yuan, narrower than the 41.56 million yuan loss in the same period last year. Second-quarter revenue was 39.79 million yuan, down 25.1% year on year, while the net loss attributable to the parent widened to 20.79 million yuan from 18.66 million yuan a year earlier. As of the end of the second quarter, the company had total assets of 337 million yuan and net assets attributable to the parent of 31.18 million yuan. The company said its cloud services business was affected by a sluggish market and adjustments in the scale of customer contract renewals, leading to lower revenue, but gross margin improved through cost control.
QingCloud Technologies Corp.Revenue declined 12.7% and Q2 loss widened, though net loss narrowed overall.
