用友网络向香港联交所递交招股书，拟在香港主板上市1。作为国内企业软件与智能服务龙头，该公司2025年收入超过88亿元，但盈利困难突出1。截至2026年7月29日，用友网络A股总市值超过332亿元1，主要竞争对手包括金蝶和金山办公等同行企业1。
在财务层面，用友网络面临显著的亏损压力。过去三年多，公司累计亏损超过50亿元1。截至2026年3月末，流动负债净额高达40.61亿元1。与此同时，公司员工规模大幅缩减，从2023年的约2.49万名降至2026年3月底的1.77万名1。
在市场地位上，用友网络在全球企业软件及服务市场的份额约为0.3%，但在国内市场的占有率相对较强，为3.8%1。公司正加快云服务转型，该业务收入占比从74.6%提升至81.4%1。2025年及2026年1-3月，公司研发成本分别约22.86亿元和5.79亿元1。
Yongyou Network Technology Co., Ltd., a leading domestic enterprise software and intelligent services provider, has submitted a prospectus to the Hong Kong Stock Exchange for a main board listing 1. As of July 29, 2026, the company's total market capitalization on the A-share market exceeded 332 billion yuan 1.
The company reported revenues surpassing 88 billion yuan in 2025, yet faces persistent profitability headwinds with cumulative losses exceeding 50 billion yuan over more than three years 1. As of the end of March 2026, Yongyou's net current liabilities reached 40.61 billion yuan 1. The company's workforce has contracted significantly, declining from approximately 24,900 employees in 2023 to 17,700 by the end of March 2026 1. Research and development expenditures totaled approximately 22.86 billion yuan in 2025 and 5.79 billion yuan during the first quarter of 2026 1.
Yongyou operates in a competitive landscape dominated by rivals including Kingdee and Kingsoft WPS 1. The company commands approximately 3.8% of the domestic enterprise software market while maintaining a global market share of roughly 0.3% 1. Cloud service revenue has become increasingly central to its business model, rising from 74.6% to 81.4% of total revenues 1.
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