Yushu responds to declining net profit: It is due to increased investment in computing power and large model research and development
2026-10-29 10:17:17
According to CoinMeta, in its third-quarter report for 2026, Yushu Technology disclosed that the company's revenue for that quarter was 665 million yuan, a year-on-year increase of 69.93%, while its net profit attributable to the parent company was 113 million yuan, a year-on-year decrease of 17.37%, with a decline of nearly 50% from the previous quarter. In response to the decline in profits, a relevant person from Yushu Technology's board secretary office stated that it was mainly due to increased investment in computing power and large model research and development. The same person also mentioned that if viewed over a longer period, the impact is controllable, and the current quarterly change is only temporary. At this stage, the company's R&D investment is planned based on the funds raised through fundraising and will not be increased blindly.
Bullish 0
Bearish 0
Source:CLS‌
This content is for market information only and does not constitute investment advice.