Xuan Wu Cloud Announces Interim Results for 2024
Revenue Increased by 22.2% and Net Loss Reduced by Nearly 70% year-on-year
- In the first half of 2024,
Xuan Wu Cloud achieved total revenue ofRMB 647.5 million , reflecting steady growth of 22.2% compared to the same period last year. Net loss was significantly reduced by 69.5% toRMB 6.1 million . - The Company's operating expense ratio decreased by 6.7 percentage points year-on-year, demonstrating significant results in cost reduction and efficiency enhancement.
- The Company served a cumulative total of 2,406 clients during the reporting period, our Average Revenue Per User contributed by core clients reached
RMB1.9 million ,with core clients' net revenue retention rate has further increased to 98.4%. - Revenue from SaaS operations amounted to
RMB 365.1 million , representing a year-on-year growth of 39.6%. The revenue percentage of SaaS business surpassed 50% for the first time, reaching 56.4%. - The Marketing Cloud segment reported revenue of
RMB 306.5 million , reflecting a year-on-year increase of 41.1%, driven by advanced product capabilities and strong customer acquisition. - Leveraging its leadership in AI technology and a deep understanding of large-scale consumer business scenarios,
Xuan Wu Cloud has enhanced customer retention. The Sales Cloud's Annual Recurring Revenue (ARR) reachedRMB 21.7 million , up 22.4% year-on-year.
During the reporting period, the Company achieved steady growth by implementing its dual-driven strategy of technology and business. Revenue increased by over 20% year-on-year. Additionally, the Company made significant progress in reducing net losses through careful expense management and effective cost-control measures.
Revenue Up 22.2% year-on-year and SaaS Revenue Percentage Surpasses 50% for the First Time
The announcement reveals that during the reporting period,
Additionally,
During the reporting period,
Thanks to a long-standing focus on superior service and continuous product improvement, the average revenue per core client reached
The Dual-Driven Strategy of Technology and Business Accelerates Expansion of SaaS Standardized Products
Reflecting on the market trends of the first half of the year, the digital economy has emerged as a central theme, driving the development of new productive capabilities and supporting high-quality economic growth. In this context,
Specifically, as a business segment dedicated to the digital and intelligent upgrade of marketing strategies for the clients in industries such as finance and government-related enterprises, the Marketing Cloud has closely tracked the policy trends in the financial industry during the reporting period and has persistently delved into the understanding of clients' needs. The Marketing Cloud secured new contracts with several leading banks in East China,
Simultaneously, as the key driver of the Company's secondary growth phase, the Sales Cloud segment focused on a comprehensive upgrade of client product usage during the reporting period, supported by the aPaaS platform. This approach aimed to enhance user experience and strengthen client retention. Additionally, the Sales Cloud continued to prioritize the development of standardized products, refining the operational foundation of these products. Through the "Mass Innovation Products" initiative, the Company has promoted the release of over 20 project components. Leveraging the foundational capabilities of Xuantao, the Company's multi-modal large model for the mass consumption industry, the AI standardized product matrix has been further expanded, with the addition of new projects such as image stitching models and historical database duplication checks.
Additionally, as a standardized product facilitating FMCG clients in achieving digital marketing for intelligent retail stores, the AIoT intelligent fridge experienced smooth market expansion in the first half of the year, with several major dairy and beverage clients signing on. In terms of collaboration models, the Company has introduced an independent AI model cooperation solution to cater to clients' personalized needs. As a result of these developments, during the reporting period, the Sales Cloud achieved revenue of
Based on multi-channel customer communication and full process business management, the Service Cloud provides intelligent customer services with human-machine coupling throughout the entire industry chain. During the reporting period, the Service Cloud introduced distinctive features specific to the consumer finance industry, such as intelligent case initiation, voice message, and industry statements, which enhanced customer willingness to pay and product competitiveness. In the meantime, the number of paid seats in the contact centre increased by 42.8% year-on-year.
In parallel with its strong domestic performance,
Accelerated standardization of products to cover mid-tier customers and aiming for full-year breakeven
For the second half of 2024,
First, with respect to the Company's second growth curve, Sales Cloud.
At the same time,
In the second half of 2024, our Marketing Cloud business segment will continue to investigate the needs of financial and Government-related clients for the digital and intelligent transformation of their business processes, and assist clients in deeply mining their data value through products such as ICC and DMP, helping customers in the construction of comprehensive user personas, and enhancing their operational management capabilities, thereby ensuring precise marketing reach and conversion capabilities. Regarding 5G technology,
Overseas business will also continue to be one of
Mr.
Financial Results
|
Six months ended 30 June |
||
|
2024 RMB'000 |
2023 RMB'000 |
Change % |
Revenue |
647,469 |
529,963 |
22.2 |
Gross profit |
101,249 |
100,611 |
0.6 |
Operating (loss)/profit |
(4,106) |
(19,612) |
(79.1) |
(Loss)/profit before income tax |
(5,912) |
(20,715) |
(71.5) |
(Loss)/profit and total comprehensive (loss)/income |
(6,140) |
(20,155) |
(69.5) |
|
|
|
|
|
Six months ended 30 June |
||
|
2024 |
2023 |
Change |
|
RMB'000 |
RMB'000 |
% |
Revenue(By Service Segment) |
|||
CRM PaaS |
282,411 |
268,397 |
5.2 |
CRM SaaS |
365,058 |
261,566 |
39.6 |
|
647,469 |
529,963 |
22.2 |
About Xuan Wu Cloud:
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