Weimob (02013) H2 2024 Earnings Call March 21, 2025 08:00 AM ET Moderator evening, ladies and gentlemen. Welcome to Weimar Inc. Twenty twenty four Annual Results Conference Call. A copy of the annual results announcement can be found and downloaded from the company's Investor Relations website. At this time, all lines have been placed on listen only mode and the floor will be opened for questions following today's presentation. This call will be conducted in Mandarin and English simultaneous interpretation ...

Weimob (02013) H2 2024 Earnings Call March 21, 2025 08:00 AM ET Speaker0 evening, ladies and gentlemen. Welcome to Weimar Inc. Twenty twenty four Annual Results Conference Call. A copy of the annual results announcement can be found and downloaded from the company's Investor Relations website. At this time, all lines have been placed on listen only mode and the floor will be opened for questions following today's presentation. This call will be conducted in Mandarin and English simultaneous interpretation w ...

Financial Performance - Total revenue for 2024 was approximately RMB 1.339 billion, a decrease of 39.9% compared to RMB 2.228 billion in 2023[5]. - Gross profit fell to RMB 596.3 million, down 59.8% from RMB 1.484 billion in the previous year, resulting in a gross margin decline from 66.6% to 44.5%[6][7]. - Operating loss increased to RMB 1.431 billion, a 136.8% rise from RMB 604.3 million in 2023[5]. - Adjusted net loss narrowed slightly to RMB 532.8 million from RMB 549.4 million year-on-year, reflecting a 3.0% improvement[5][7]. - The company reported a net loss attributable to equity holders of RMB 1,728.5 million in 2024, compared to RMB 758.3 million in 2023[27]. - The net loss for the year was approximately RMB 1,744.0 million in 2024 compared to approximately RMB 761.3 million in 2023[67]. - Basic and diluted loss per share for 2024 was RMB 0.57, compared to RMB 0.28 in 2023, indicating a worsening financial position[91]. - Total assets decreased to RMB 6,960,636 in 2024 from RMB 7,868,096 in 2023, a decline of 11.5%[94]. - Total equity decreased to RMB 1,812,756 in 2024 from RMB 2,802,254 in 2023, a significant drop of 35.3%[96]. Revenue Breakdown - Subscription solutions revenue decreased by 31.9% to RMB 919 million, with the number of paying merchants dropping by 34.7% to 62,924[9]. - Merchant solutions revenue grew by 24.5% to RMB 18.015 billion, while adjusted revenue decreased by 26.7% to RMB 5.50 billion[10]. - The total revenue from the subscription solutions segment was RMB 918,546,000, while the merchant solutions segment generated RMB 420,709,000, resulting in a total revenue of RMB 1,339,255,000[114]. - The company identified Tencent Media as a major customer, contributing 16.6% of total revenue in 2024, down from 20.3% in 2023[115]. Cost and Expenses - Sales costs decreased by 0.2% from approximately RMB 744.2 million in 2023 to approximately RMB 743.0 million in 2024[43][46]. - Adjusted sales costs for subscription solutions decreased by 9.5% from approximately RMB 449.1 million in 2023 to approximately RMB 406.6 million in 2024[48]. - Merchant solutions sales costs decreased by 46.0% from approximately RMB 287.4 million in 2023 to approximately RMB 155.1 million in 2024[49]. - Employee benefit expenses for the fiscal year ending December 31, 2024, amounted to RMB 1,248,044,000, a decrease from RMB 1,494,660,000 in 2023[116]. - Promotional and advertising expenses decreased significantly to RMB 229,139,000 in 2024 from RMB 553,643,000 in 2023[116]. Operational Challenges - The company streamlined its subscription solutions business, focusing on core business lines such as micro-mall and smart retail, while reducing non-core services[34]. - The decline in subscription solutions revenue was attributed to weak macroeconomic recovery and a shortage of deferred revenue[34]. - Operating loss widened to RMB 1,431.2 million in 2024 from RMB 604.3 million in 2023, indicating significant operational challenges[27]. - The company plans to enhance its AI Agent applications in e-commerce and retail sectors, leveraging its existing product and customer service experience[26]. Cash Flow and Financing - Cash and bank deposits amounted to approximately RMB 1.779 billion, indicating a healthy financial position[9]. - Cash used in operating activities for 2024 was RMB 332,223 thousand, an improvement from RMB 595,704 thousand in 2023, reflecting better cash management[99]. - The company generated net cash from investing activities of RMB 48,033 thousand in 2024, a recovery from a cash outflow of RMB 288,579 thousand in 2023[99]. - The company issued ordinary shares raising RMB 284,052 thousand during the year, contributing to its equity position[97]. - The company completed a placement of 277,000,000 new shares at a price of HKD 1.13 per share, raising approximately HKD 313.0 million[144]. Shareholder and Governance - Major shareholders committed not to reduce their holdings for 12 months after December 27, 2024, reflecting confidence in the company's future development[13]. - The company is committed to maintaining high standards of corporate governance, adhering to the principles and code provisions of the corporate governance code[157]. - The audit committee, consisting of three independent non-executive directors, oversees the company's financial reporting and risk management[164]. Future Outlook - The company plans to enhance its R&D capabilities, with $106 million allocated and $40.8 million remaining as of December 31, 2024[150]. - The company aims to expand its overseas market presence, particularly in North America, by promoting its promotional products and AI applications[26]. - The company plans to continue granting share-based incentive awards to motivate employees for growth and development[87].

Group 1 - The core point of the article is that Weimob Group has launched a new product called "Sales Assistant AI+" aimed at the retail industry [1] - This new sales assistant integrates Weimob's AI capabilities with its SaaS products, enhancing the functionality of AI agents [1] - The product leverages the capabilities of the domestic large model DeepSeek to help brands manage sales tasks more intelligently [1] Group 2 - The "Sales Assistant AI+" provides guidance and strategies for user operations, precision marketing, and transaction conversion for the sales team [1] - The integration of Weimob's AI with SaaS products is expected to improve the overall efficiency and effectiveness of retail operations [1]

Group 1 - The core point of the news highlights the performance of various stocks in the Hong Kong Stock Connect, with Weimob Group leading the gains at 12.61% [1] - Following Weimob Group, QuanFeng Holdings recorded a rise of 12.03% [1] - JS Global Life also showed strong performance with a gain of 10.24% [2] Group 2 - Semiconductor company SMIC and Mongolia Coal both saw increases of 8.89% and 6.74% respectively [2] - ZTE Corporation and TCL Electronics experienced rises of 6.28% and 5.91% respectively [2] - Other companies such as China Hongqiao, MicroPort Scientific Corporation-B, Qutoutiao, and Huahong Semiconductor all rose by over 5% [2]

消息面上，微信再度升级"送礼物"功能，此次灰度更新将功能内嵌到了聊天框内，该功能与红包并列， 且允许用户撰写个性化的祝福语并精心挑选心仪的礼物。 财联社1月17日电，截至发稿，微盟集团(02013.HK)涨9.46%、有赞(08083.HK)涨3.67%、东方甄选 (01797.HK)涨3.48%。 ...

Investment Rating - The report does not explicitly state an investment rating for the company [4][5][6]. Core Insights - Weimob Group focuses on providing cloud-based business and marketing solutions, leveraging the WeChat ecosystem to enhance operational efficiency and conversion rates for SMEs and brand clients [4]. - The integration of mini-programs and WeChat stores has solidified Weimob's position as a leading service provider within the WeChat ecosystem, offering five new solutions aimed at helping merchants achieve efficient integration and business growth [5]. - The introduction of the gifting feature in WeChat stores has improved the social e-commerce experience, creating incremental opportunities for merchants, although consumer adoption may take time [6]. - Weimob is committed to exploring AI applications within the WeChat ecosystem to enhance merchant operational efficiency, with features like automated store setup and intelligent customer service [7]. Summary by Sections Company Overview - Weimob Group specializes in cloud-based commercial and marketing solutions, including SaaS solutions, advertising services, e-commerce support, and AI technology applications [4]. Business Strategy - The company has redefined its micro-mall solutions by reducing the proportion of basic versions from 60% to 20%, focusing on WeChat stores combined with plugins and intelligent customer service for small and micro businesses [5]. Market Opportunities - The gifting feature in WeChat stores is expected to attract more merchants and enhance operational strategies, particularly in lifestyle categories [6]. Technological Innovation - Weimob is leveraging AI to streamline the store setup process, significantly reducing technical barriers and time costs for merchants [7]. Financial Metrics - The current stock price is HKD 2.32, with a market capitalization of HKD 78.33 billion and a 52-week range of HKD 3.69 to HKD 1.79 [8].

截至å'稿，微盟集团涨22%，优必é€ ‰(09880.HK)涨8%，有赞(08083.HK)涨6%，腾讯控股(00700.HK)涨3%。 è´¢è"社1月14日电，腾讯概念港股å ˆå Žæ¶¨å¹…扩大，涉åŠå¾®åº— 的微盟集团(02013.HK)涨超20%。 ...

Group 1 - The Hong Kong stock market saw significant gains, with the MicroStrategy Group leading with a 12.57% increase [1] - Other notable performers included Li Auto, BeiGene, and China Southern Airlines, which rose by 8.83%, 7.79%, and 6.17% respectively [1] - Additional companies such as Kangmei Pharmaceutical, China Eastern Airlines, and Meituan also experienced increases exceeding 5% [1] Group 2 - The overall market sentiment appears positive, as multiple stocks in the technology and automotive sectors are showing strong upward trends [1] - The performance of these companies indicates a potential bullish trend in the Hong Kong stock market, particularly in the sectors mentioned [1]

è´¢è"社1月10日电，截至å'稿，微盟集团(02013.HK)è·Œ40%领跌è… ¾è®¯æ¦'念股，æˆ 交27亿港元；有赞(08083.HK)è·Œ12%，ä¸- 国儒æ"(00136.HK)跌10%。 消æ¯æ–¹é ¢ï¼Œæ ¹æ ®æ˜¨å¤œçš"港交所è'¡æ ƒæŠ«éœ²ç³»ç»Ÿæ˜¾ç¤ºï¼Œè… ¾è®¯å·²å°†å¾®ç›Ÿé›†å›¢çš"æŒ股比例已从8.39%大幅é™ 至2.94%。 ...