Ucommune Reports Mid-Year Financials

Ucommune International (UK) has released an update.

Ucommune International Ltd has released its unaudited condensed consolidated financial statements, showcasing an increase in cash and cash equivalents from RMB 54,288 as of December 31, 2023, to RMB 60,382 by June 30, 2024. The financials indicate a decrease in total assets over the six-month period, from RMB 586,759 to RMB 493,925. Liabilities also saw a reduction, with total current liabilities dropping from RMB 432,043 to RMB 384,727 in the same timeframe.

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