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Independent Chinese cloud-computing service provider offering IaaS/PaaS infrastructure outside the big-tech cloud ecosystems.
Independent Chinese cloud-computing service provider offering IaaS/PaaS infrastructure outside the big-tech cloud ecosystems.
Charges for compute, storage and network capacity by usage or subscription, and also builds private cloud systems for enterprise customers as projects. Its public cloud demand comes largely from internet and gaming firms, so it is sensitive to their spending.
In one line: A smaller, independent Chinese DigitalOcean.
Moat: none (scale). Sub-scale versus Alibaba/Tencent/Huawei cloud, competing mainly on neutrality and price.
Headquarters: Shanghai, China · Founded: 2012 · Employees: 909
Size UCloud Technology (688158.SS) is a China Information Technology company (Packaged Software) with a market value of $2.08B, the 1215th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥29.94 on 6 Nov 2026.
Performance Over six months the shares fell 33.5%, against +16.5% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 26.3% over the last twelve months (peer median +9.6%); the operating margin is 1.8% (peer median -1.8%).
Valuation It trades at 499.0× forward earnings against a peer median of 26.2× (most expensive of 16).
Capital Return on invested capital runs 5.9 points below its cost of capital (12.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.06B | CN¥1.70B | CN¥1.50B | CN¥1.51B | CN¥1.97B |
| Revenue growth | — | +14% | -1% | -23% | — |
| Gross profit | CN¥757M | CN¥423M | CN¥258M | CN¥142M | CN¥146M |
| EBITDA | n/a | CN¥143M | CN¥119M | CN¥34.6M | CN¥108M |
| Net income | CN¥34.7M | -CN¥73.6M | -CN¥241M | -CN¥343M | -CN¥413M |
| Free cash flow | -CN¥559M | -CN¥460M | -CN¥501M | -CN¥228M | -CN¥405M |
| Capital expenditure | CN¥830M | CN¥703M | CN¥623M | CN¥366M | CN¥460M |
| Total debt | CN¥680M | CN¥281M | CN¥110M | CN¥119M | CN¥202M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| UCloud Technology 688158.SS | $2.08B | -34% | +26% | 2% | 499.0× | n/a |
| Alibaba Group Holding Limited Sponsored ADR BABA | $255B | -22% | +8% | 4% | 14.2× | n/a |
| Kingsoft Cloud Holdings Ltd. Sponsored ADR KC | $2.39B | -46% | +35% | -3% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 688158.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.9% | +5.8% | 8th highest of 21 |
| 6-month return | -33.5% | +16.5% | 3rd lowest of 21 |
| Distance from 52-week high | -43.9% | -25.6% | 5th lowest of 21 |
| Revenue growth (TTM) | +26.3% | +9.6% | 5th highest of 21 |
| Operating margin | 1.8% | -1.8% | 10th highest of 21 |
| Forward P/E | 499.0× | 26.2× | most expensive of 16 |
| ROIC minus cost of capital | -5.9 pp | -12.0 pp | 8th highest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| UCloud Technology 688158.SS | China | $2.08B | -34% | +26% | 2% | 499.0× | n/a | n/a |
| Embracer EMBRAC-B.ST | Sweden | $2.08B | +37% | -31% | -43% | 16.4× | -9.8% | +12.0% |
| Amplitude AMPL | United States | $2.09B | +161% | +18% | -27% | 109.2× | 36.9% | +27.4% |
| Zhejiang Digital Culture Technology 600633.SS | China | $2.06B | -15% | +14% | 10% | 20.8× | 15.4% | -2.8% |
| Mobvista Incorporation 1860.HK | Hong Kong | $2.05B | -43% | +26% | 4% | 19.6× | -1.1% | +31.9% |
| Five9 FIVN | United States | $2.10B | +27% | +9% | 6% | 8.1× | 17.9% | +21.4% |
| Pitney Bowes PBI | United States | $2.11B | -1% | -4% | 25% | 9.6× | -5.4% | -11.8% |
| DoubleVerify DV | United States | $2.12B | +23% | +7% | 14% | 21.3× | 9.7% | +25.1% |
| Zhejiang Jinke Tom Culture Industry 300459.SZ | China | $2.01B | -9% | -10% | -108% | n/a | 43.2% | -12.5% |
| Justsystems 4686.T | Japan | $2.01B | +33% | +10% | 44% | n/a | -6.3% | +4.6% |
| Tianyu Digital Technology 002354.SZ | China | $2.00B | +31% | +8% | -2% | 135.3× | 25.9% | +15.8% |
| Pine Labs PINELABS.NS | India | $1.98B | -19% | +50% | 7% | 79.2× | n/a | n/a |
| iReader Technology 603533.SS | China | $1.98B | +20% | +14% | -2% | 91.2× | 37.2% | +9.5% |
| Ethos Technologies LIFE | United States | $2.18B | +13% | +112% | -16% | 33.9× | 24.1% | n/a |
| SeeWay.ai 002405.SZ | China | $2.18B | -32% | +22% | -29% | n/a | n/a | n/a |
| Aisino 600271.SS | China | $1.96B | -16% | -12% | -24% | 26.2× | n/a | n/a |
| Ourpalm 300315.SZ | China | $1.96B | -3% | -5% | -65% | 125.6× | 55.8% | -17.0% |
| Karooooo KARO | United States | $1.95B | +25% | +32% | 25% | 24.1× | 10.4% | +17.7% |
| Planisware Societe anonyme PLNW.PA | France | $1.94B | +46% | +8% | 31% | 28.2× | 12.3% | +16.8% |
| Pony AI 2026.HK | Hong Kong | $1.93B | -56% | +67% | -214% | n/a | n/a | n/a |
| Schrodinger SDGR | United States | $2.23B | +125% | +9% | -59% | n/a | n/a | n/a |