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R&D cut by half! Yuncong Technology "reduces workforce to survive": another loss of nearly 0.7 billion, the Director's annual salary reduced by 0.07 million | BUG
Wen | Sina Technology's Zhou Wenmeng was once hailed as one of the 'four small dragons of AI' alongside CloudWalk Technology, which disclosed its 2024 annual report. This is the lowest annual disclosure of revenue in the past seven years, while also marking the eighth consecutive year of losses, with a cumulative loss exceeding 4.579 billion yuan. The Earnings Reports show that in 2024, CloudWalk Technology's revenue is approximately 0.398 billion yuan, a year-on-year decrease of 36.69%; the net income attributable to the parent is approximately -0.696 billion yuan, with losses expanding by 8.12% year-on-year. In addition, CloudWalk Technology has seen its overall employee count decrease by more than 40% within a year, with a reduction rate of 51% among R&D personnel. Furthermore, the company has only three core staff left.
CloudWalk Technology Co., Ltd.'s (SHSE:688327) Biggest Owners Are Retail Investors Who Got Richer After Stock Soared 4.5% Last Week
Yuncong Technology: First Quarter Report 2025
Yuncong Technology: 2024 Annual Report Summary
Yuncong Technology: 2024 Annual Report
2024 Annual Report Summary
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