Core Viewpoint - Yonyou Network, a leading enterprise software and intelligent services provider, is facing challenges in profitability despite strong revenue growth in its cloud services segment [2][6]. Group 1: Company Overview - Yonyou Network was established on January 18, 1995, and listed on the Shanghai Stock Exchange on May 18, 2001, with its headquarters in Beijing [1]. - The company focuses on providing high-quality enterprise cloud services and solutions, primarily through Yonyou Enterprise Cloud Services [1]. Group 2: Financial Performance - In Q3 2025, Yonyou Network achieved a revenue of 5.584 billion yuan, ranking third among 35 companies in the industry [2]. - The company's net profit for the same period was -1.442 billion yuan, placing it last in the industry [2]. - The main revenue source was licensing sales and technical services, contributing 3.338 billion yuan, accounting for 95.58% of total revenue [2]. Group 3: Financial Ratios - As of Q3 2025, Yonyou Network's debt-to-asset ratio was 58.29%, higher than the industry average of 29.42% [3]. - The gross profit margin was 46.73%, which is below the industry average of 63.59% [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 7.71% to 198,300 [5]. - The average number of circulating A-shares held per shareholder decreased by 7.15% to 17,200 [5]. Group 5: Strategic Developments - The company is transitioning to a cloud subscription model, with significant growth in subscription-related contract liabilities and annual recurring revenue (ARR) [5]. - Yonyou Network has signed contracts with several well-known enterprises for AI projects, indicating a successful expansion of its product ecosystem [5][6]. - Revenue projections for 2025 to 2027 are estimated at 9.653 billion, 10.346 billion, and 11.214 billion yuan, respectively, with net profits expected to improve over the same period [5][6].

Group 1 - The core point of the article is that Yongyou Network (600588.SH) reported a decline in total operating revenue for the first three quarters of 2025, amounting to 5.584 billion yuan, a year-on-year decrease of 2.68% [1] - The net profit attributable to shareholders of the parent company was -1.398 billion yuan, which represents a reduction in losses by 57.2143 million yuan compared to the same period last year [1] - The basic earnings per share for the company was -0.42 yuan [1]

Core Insights - The company reported a revenue of 2.003 billion yuan for Q3 2025, representing a year-on-year increase of 3.65% [1] - The net loss for Q3 2025 was 454 million yuan [1] - For the first three quarters of 2025, the company achieved a total revenue of 5.584 billion yuan, which is a year-on-year decrease of 2.68% [1] - The net loss for the first three quarters of 2025 amounted to 1.398 billion yuan [1]

股票简称：用友网络 股票代码：600588 编号：临 2025-080 用友网络科技股份有限公司 关于聘任会计师事务所的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 2025 年 10 月 30 日，公司召开第九届董事会第二十四次会议，审议通过了 《公司关于聘任会计师事务所的议案》，该议案尚需提交公司股东会审议批准。 现将具体情况公告如下： 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 4 拟聘任的会计师事务所名称：安永华明会计师事务所（特殊普通合伙）， 负责用友网络科技股份有限公司（以下简称"公司"）2025 年财务审计 和内部控制审计工作。 前任会计师事务所名称：安永华明会计师事务所（特殊普通合伙）、信 永中和会计师事务所（特殊普通合伙），安永华明会计师事务所（特殊 普通合伙）负责公司 2024 年财务审计工作，信永中和会计师事务所（特 殊普通合伙）负责公司 2024 年内部控制审计工作。 变更会计师事务所的简要原因：鉴于 2024 年度审计机构聘期已满，为使 财务审计机构与 ...

股票简称：用友网络 股票代码：600588 编号：临 2025-083 第二个锁定期届满的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 用友网络科技股份有限公司（以下简称"公司"或"用友网络"）2023年度 员工持股计划（以下简称"本员工持股计划"）第二个锁定期届满。根据中国证 监会《关于上市公司实施员工持股计划试点的指导意见》《上海证券交易所上市 公司自律监管指引第1号——规范运作》《公司2023年度员工持股计划》等相关 规定，现将情况公告如下： 一、2023 年度员工持股计划的实施进展 公司于 2023 年 8 月 30 日召开了第九届董事会第五次会议、第九届监事会第 四次会议，于 2023 年 9 月 15 日召开了 2023 年第一次临时股东大会，审议通过 了《公司 2023 年员工持股计划（草案）及其摘要》《公司 2023 年员工持股计划 管理办法》等相关议案。具体内容详见公司 2023 年 8 月 31 日、2023 年 9 月 16 日于上海证券交易所网站（www.sse.com.cn）及指定 ...

证券代码：600588 证券简称：用友网络 公告编号：2025-082 用友网络科技股份有限公司 关于召开2025年第二次临时股东会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第二次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 网络投票起止时间：自2025 年 11 月 17 日 至2025 年 11 月 17 日 召开的日期时间：2025 年 11 月 17 日 14 点 00 分 召开地点：用友产业园（北京）中区 8 号楼 E102 会议室 (五)网络投票的系统、起止日期和投票时间。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 股东会召开日期：2025年11月17日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 网络投票系统：上海证券交易所股东会网络投票系统 涉及融资融券、转融通业务、约定 ...

股票简称：用友网络 股票代码：600588 编号：临 2025-079 公司决定聘任安永华明会计师事务所（特殊普通合伙）为公司 2025 年度财 务报告审计机构和内部控制审计机构。具体内容详见上海证券交易所网站 （www.sse.com.cn）《用友网络关于聘任会计师事务所的公告》（编号：临 2025-080）。 本议案在提交董事会审议前已经公司董事会审计委员会审议通过。 该议案同意票数为 8 票，反对票数为 0 票，弃权票数为 0 票。 用友网络科技股份有限公司 第九届董事会第二十四次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 用友网络科技股份有限公司（下称"公司"或"用友网络"）于 2025 年 10 月 30 日以通讯形式召开了第九届董事会第二十四次会议，现有董事 8 名，实到 董事 8 名，公司董事会秘书、部分高级管理人员列席了会议。本次会议的召开符 合《中华人民共和国公司法》和《用友网络科技股份有限公司章程》的规定。会 议审议通过了以下议案： 一、《公司 2025 年第三季度报告》 该报告详见 ...

股票简称：用友网络 股票代码：600588 编号：临 2025-081 用友网络科技股份有限公司 除上述调整外，2024 年年度股东大会审议通过的中期票据发行的基本方案 的其他内容和股东大会授权董事会的相关事项保持不变。 4 用友网络科技股份有限公司（以下简称"公司"或"用友网络"）于 2025 年 10 月 30 日召开第九届董事会第二十四次会议，审议通过了《公司关于调整中期票据 发行期限的议案》，同意公司将中期票据的发行期限做出调整。现就相关事项公 告如下： 一、公司中期票据审议和注册情况 公司为进一步拓宽融资渠道，已召开第九届董事会第十八次会议和 2024 年年 度股东大会,审议通过《公司关于拟注册发行中期票据的议案》。2025 年 8 月， 公司收到中国银行间市场交易商协会的《接受注册通知书》，接受公司 20 亿元 中期票据注册，在注册有效期内可分期发行科技创新债券，自 2025 年 8 月 11 日 起 2 年 内 有 效 。 具 体 内 容 详 见 公 司 于 上 海 证 券 交 易 所 网 站 （http://www.sse.com.cn ）上披露的公告（公告编号：临 2025-031 、临 2 ...

Core Viewpoint - Yonyou Network's stock price has shown significant growth this year, with a 42.50% increase, despite recent fluctuations in trading volume and net capital outflow [1][2]. Financial Performance - For the first half of 2025, Yonyou Network reported a revenue of 3.581 billion yuan, a year-on-year decrease of 5.89%, and a net profit attributable to shareholders of -949.5 million yuan, down 18.97% year-on-year [2]. - The company has cumulatively distributed 5.509 billion yuan in dividends since its A-share listing, with 204 million yuan distributed over the past three years [3]. Stock Market Activity - As of October 30, Yonyou Network's stock was trading at 15.29 yuan per share, with a market capitalization of 52.246 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on August 8, where it recorded a net buy of -172 million yuan [1]. Shareholder Information - As of June 30, 2025, Yonyou Network had 184,100 shareholders, a decrease of 7.38% from the previous period, with an average of 18,563 circulating shares per shareholder, an increase of 7.97% [2][3]. - The top three circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 11.7557 million shares, and Huatai-PB CSI 300 ETF, which increased its holdings by 3.207 million shares [3].

Core Viewpoint - The announcement from Yongyou Network (600588.SH) details the pledging and unpledging of shares by its controlling shareholder, Beijing Yongyou Technology Co., Ltd., indicating a significant level of pledged shares but asserting that the risk remains manageable and does not threaten the company's control [1][2]. Summary by Sections Share Pledge Details - On October 24, 2025, Beijing Yongyou Technology pledged 30,620,000 unrestricted circulating shares to Chongqing International Trust Co., Ltd., with the registration completed on October 27, 2025 [1]. - On August 27, 2025, Beijing Yongyou Technology had previously pledged 41,900,000 unrestricted circulating shares to Haihongda (Beijing) Catering Management Co., Ltd., which were unpledged on October 28, 2025 [1]. Shareholding Structure - After the recent pledges and unpledges, Beijing Yongyou Technology holds 921,161,630 shares, representing 26.96% of the total share capital. The total pledged shares amount to 445,220,000, which is 48.33% of its holdings and 13.03% of the total share capital [1]. - As of October 28, 2025, Beijing Yongyou Technology and its concerted parties hold 1,421,079,511 shares, accounting for 41.59% of the total share capital. The cumulative pledged shares total 521,720,000, which is 36.71% of their holdings and 15.27% of the total share capital [2]. Risk Management - Yongyou Network asserts that the pledge risk is within a controllable range and does not pose a threat to the actual control of the company. In the event of a margin call risk, Beijing Yongyou Technology plans to take measures such as additional pledging or early repurchase of shares to prevent forced liquidation and will promptly disclose information to the market [2].