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Business Summary: Ucommune International Ltd is an agile office space manager and provider. The Company has developed an intelligent agile office ecosystem covering economically vibrant regions throughout China, while providing office space solutions. The Company categorizes its spaces into two models Self-operated Model and Asset-light Model. The Self-operated Model includes U Space and U Design. Its Asset-light Model includes U Brand and U Partner. The Company has built a technology-driven platform consisting of U Bazaar, a smart office system, Internet of things (IoT) solutions and a data management system, Udata, to foster a vibrant Ucommune community by offering U Plus services to satisfy member needs. The Company provides a suite of U Plus services, including individual services, general corporate services, incubation and corporate venturing services, design and build services, advertising and branding services, and related services to serve its community.
Financial Summary: BRIEF: For the six months ended 30 June 2025, Ucommune International Ltd revenues decreased 30% to RMB65M. Net loss before extraordinary items decreased 83% to RMB7.6M. Revenues reflect Workspace membership revenue decrease of 63% to RMB14.4M, Other service revenue decrease of 85% to RMB1M. Lower net loss reflects Impairment loss on long-term investments decrease from RMB18M (expense) to RMB0K, General/Admin Expense decrease of 46% to RMB13.7M