证券时报网讯，12月19日，恒生指数收盘跌0.56%，恒生科技指数跌0.66%。 腾讯概念股走强，微盟集团大涨近36%，腾讯控股涨超2%。 消息面上，据微盟相关负责人介绍，作为腾讯重要的生态合作伙伴之一，微盟小程序正率先接入微信小 店，支持商家参与微信电商生态。 校对：祝甜婷 ...

WEIMOB INC. 微盟集團* (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock Code 股份代號 : 2013 Interim Report 中期報告 2024 * For identification purpose only 僅供識別 目錄 2 公司資料 4 財務摘要 5 主席報告 10 管理層討論及分析 24 其他資料 36 中期簡明綜合全面虧損表 38 中期簡明綜合財務狀況表 40 中期簡明綜合權益變動表 42 中期簡明綜合現金流量表 44 中期簡明財務資料附註 99 釋義 公司資料 | --- | --- | |----------------------------------------------------------|------------------------------------------| | | | | 董事 | 法律顧問 | | 執行董事 | 香港與美國法律： | | 孫濤勇先生 （主席） | 高偉紳律師行 | | 方桐舒先生 | 香港 | | 游鳳 ...

商贸零售/互联网电商 公 司 研 究 微盟集团（02013.HK） 2024 年 08 月 23 日 SaaS 业务调整及广告平台返点规则影响增长承压 ——港股公司信息更新报告 投资评级：增持（维持） | --- | --- | |--------------------------|--------------------------| | 吴柳燕（分析师） | 荀月（联系人） | | wuliuyan@kysec.cn | xunyue@kysec.cn | | 证书编号：S0790521110001 | 证书编号：S0790122100036 | SaaS 业务主动收缩中小商家部分，广告返点规则变化致增长承压 短期 SaaS 受需求疲软影响承压，公司主动收缩中小客户及亏损业务，广告业务 毛收入持续增长，但受平台返点规则变化导致返点差下滑，我们下调公司 2024-2026 年收入预测至 18.1/21.1/23.9 亿元（前值：25.1/29.5/33.9 亿元），对应 同比增速-18.9%/17.1%/13.0%，下调调整后净利润预测至-0.5/1.3/3.0 亿元（前值： 0.5/2.0/3.6 亿元 ...

各位晚上好欢迎参加微文集团2024年中企业职公布本次失职投资者电话会议权利业职公告可以在公司的投资者关系网站下载现在所有电话事件录都被撤止为只能收听的模式在管理层在线完业之后大家可以提问本次会议将以普通话进行同时提供英语同声传译参与者可以在网络平台上放PPT页面 请注意本次电话会议可能是借费国际财务报告准则的指标定义请见公司的业绩公告今天参加电话会议的管理成员公司董事会主席兼首席执行官宣涛永先生执行董事兼总裁总集团总裁游凤春先生及首席财务官曹逸先生现在有请观众 各位投资人和分析师朋友大家晚上好欢迎参加威盟的半年度的业绩会接下来我来回顾一下今年上半年整体的业绩财务数据大家应该通过业绩公告已经看到了可能大家对于整个收入这块可能都会有一些疑惑为什么整体收入下跌了28% 然后整体上收入我一会儿再讲吧然后先讲一些台报上的一些亮点吧首先我们可以看到今年整体的亏损还是在不断的收窄然后整体的经调整亏损其实大幅收窄经调整亏损收窄到0.46亿 去年同期的话我记得应该是六个多亿所以整体今年的整个亏损是大幅收窄然后这个去年是两个亿sorry然后经营现金流我们今年也上半年也是为正常然后去年大概经营现金流流出是六个亿然后今年也是正向流入 ...

Revenue and Profit Performance - Total revenue for the first half of 2024 was RMB 867.4 million, a decrease of 28.3% year-over-year[2] - Gross profit decreased by 29.4% to RMB 575.9 million in the first half of 2024[2] - Adjusted EBITDA loss narrowed by 19.8% to RMB 52.8 million in the first half of 2024[2] - Adjusted net loss significantly narrowed by 81.4% to RMB 46.4 million in the first half of 2024[2] - Subscription solutions revenue decreased by 31.0% to RMB 487 million, with the number of paying merchants dropping by 31.3% to 68,725[4] - Revenue from merchant solutions decreased by 24.5% to RMB 381 million, with gross margin improving from 69.4% to 74.5%[5] - Subscription solutions revenue was RMB 487 million, a year-on-year decrease of 31.0%, with a gross profit of RMB 292 million and a gross margin of 60.1%[7] - Merchant solutions revenue was approximately RMB 381 million, a year-on-year decrease of 24.5%, with a gross profit of RMB 284 million and a gross margin increase from 69.4% to 74.5%[8] - Total revenue decreased by 28.3% from RMB 1,209.6 million in H1 2023 to RMB 867.4 million in H1 2024, primarily due to declines in subscription and merchant solutions revenue[16] - Subscription solutions revenue dropped by 31.0% from RMB 705.4 million in H1 2023 to RMB 486.8 million in H1 2024, driven by business restructuring and focus on core offerings[18] - Merchant solutions revenue declined by 24.5% from RMB 504.2 million in H1 2023 to RMB 380.6 million in H1 2024, mainly due to reduced rebates from advertising platforms and downsizing of TSO and credit tech services[20] - Overall gross profit decreased by 29.4% from RMB 816.3 million in the first half of 2023 to RMB 575.9 million in the first half of 2024, with gross margin dropping from 67.5% to 66.4%[25] - Merchant solutions gross margin increased from 69.4% in the first half of 2023 to 74.5% in the first half of 2024, driven by a higher proportion of high-margin precision marketing net rebate revenue[26] - The company recorded a net loss of RMB 569.8 million in the first half of 2024, compared to a net loss of RMB 469.6 million in the same period of 2023[36] - Adjusted EBITDA for the first half of 2024 was RMB -52.8 million, with an adjusted EBITDA margin of -6.1%[38] - The company's gross margin for subscription solutions was 60.3%, while for merchant solutions, it was 74.5% in the first half of 2024[38] - The net loss attributable to equity holders of the company was RMB 550.8 million in the first half of 2024, with a net margin of -63.5%[38] - The company's operating loss for the first half of 2024 was RMB 287.3 million, with an operating loss margin of -33.1%[38] - Revenue for the six months ended June 30, 2024, was RMB 867,434 thousand, a decrease from RMB 1,209,570 thousand in the same period last year, with a gross profit of RMB 575,905 thousand[49] - Operating loss for the period was RMB 287,323 thousand, compared to an operating loss of RMB 385,297 thousand in the same period last year[49] - The company reported a net loss of RMB 569,842 thousand for the six months ended June 30, 2024, compared to a net loss of RMB 469,631 thousand in the same period last year[49] - Total comprehensive loss for the period was RMB 570.54 million, compared to RMB 471.07 million in the same period last year[50] - The company's equity holders' share of the total comprehensive loss was RMB 551.48 million, while non-controlling interests accounted for RMB 19.06 million[50] - Basic and diluted loss per share were both RMB 0.19, compared to RMB 0.17 in the previous year[50] - Total revenue for the period was RMB 2,241,046 thousand, with a net loss of RMB 469,631 thousand[54] - Net loss for the six months ended June 30, 2024, was RMB 569,842,000, with net cash inflow from operating activities of RMB 29,498,000[59] - Total revenue for the six months ended June 30, 2024, was RMB 867,434,000, compared to RMB 1,209,570,000 for the same period in 2023[64] - Subscription solutions revenue for the six months ended June 30, 2024, was RMB 486,779,000, while merchant solutions revenue was RMB 380,655,000[64] - The company's net loss attributable to equity holders for the six months ended June 30, 2024, was RMB 550.784 million, compared to RMB 452.235 million in the same period in 2023[79] - The company's basic loss per share for the six months ended June 30, 2024, was RMB 0.19, compared to RMB 0.17 in the same period in 2023[79] Subscription Solutions Performance - Subscription solutions revenue decreased by 31.0% to RMB 487 million, with the number of paying merchants dropping by 31.3% to 68,725[4] - Smart retail revenue accounted for 62.4% of subscription solutions revenue, with a slight decline of 2.6% to RMB 304 million[4] - Subscription solutions revenue was RMB 487 million, a year-on-year decrease of 31.0%, with a gross profit of RMB 292 million and a gross margin of 60.1%[7] - The number of paying merchants for subscription solutions was 68,725, with an average revenue per user of RMB 7,083[7] - Weimob Retail revenue was RMB 304 million, accounting for 62.4% of subscription solutions revenue, with 8,011 merchants, including 1,307 brand merchants[7] - Subscription solutions revenue dropped by 31.0% from RMB 705.4 million in H1 2023 to RMB 486.8 million in H1 2024, driven by business restructuring and focus on core offerings[18] - Number of paying merchants for subscription solutions decreased from 100,092 in H1 2023 to 68,725 in H1 2024, with a churn rate improvement from 12.9% to 9.2%[13] - Average revenue per user (ARPU) for subscription solutions remained stable at RMB 7,083 in H1 2024 compared to RMB 7,047 in H1 2023[13] - Subscription solutions sales cost decreased by 18.7% from RMB 239.0 million in the first half of 2023 to RMB 194.4 million in the first half of 2024, driven by reductions in intangible asset amortization, employee costs, and broadband and hardware costs[23] - Subscription solutions revenue for the six months ended June 30, 2024, was RMB 486,779,000, while merchant solutions revenue was RMB 380,655,000[64] Merchant Solutions Performance - Revenue from merchant solutions decreased by 24.5% to RMB 381 million, with gross margin improving from 69.4% to 74.5%[5] - Merchant solutions revenue was approximately RMB 381 million, a year-on-year decrease of 24.5%, with a gross profit of RMB 284 million and a gross margin increase from 69.4% to 74.5%[8] - Merchant solutions revenue declined by 24.5% from RMB 504.2 million in H1 2023 to RMB 380.6 million in H1 2024, mainly due to reduced rebates from advertising platforms and downsizing of TSO and credit tech services[20] - Merchant solutions gross margin increased from 69.4% in the first half of 2023 to 74.5% in the first half of 2024, driven by a higher proportion of high-margin precision marketing net rebate revenue[26] - Merchant solutions sales cost decreased by 37.1% from RMB 154.3 million in the first half of 2023 to RMB 97.1 million in the first half of 2024, mainly due to reduced advertising traffic costs and contract service costs[24] - Merchant solutions revenue for the six months ended June 30, 2024, was RMB 380,655,000[64] Advertising and Marketing Performance - Gross income from merchant advertising solutions increased by 19.4% to RMB 8.342 billion in the first half of 2024[5] - The gross advertising revenue facilitated by Weimob Marketing for merchants was approximately RMB 8.342 billion, a year-on-year increase of 19.4%[8] - Gross income from merchant solutions increased by 19.4% from RMB 6,987.8 million in H1 2023 to RMB 8,341.8 million in H1 2024, attributed to higher average spending per advertiser[19] - Weimob Marketing's annual consumption in the Kuaishou sector increased by 78% year-on-year, and in the Xiaohongshu ecosystem, annual consumption for brands in apparel, beauty, and FMCG industries increased by 152% year-on-year[9] - Promotion and advertising expenses for the six months ended June 30, 2024, were RMB 127,653,000, significantly lower than RMB 348,290,000 in the same period in 2023[65] - The company's prepayments, deposits, and other assets increased to RMB 2.475 billion as of June 30, 2024, from RMB 1.911 billion as of December 31, 2023, mainly due to an increase in prepayments for advertising traffic purchases and other receivables from advertisers[81] - Trade and other payables increased to RMB 1,960,683 thousand as of June 30, 2024, from RMB 1,437,705 thousand as of December 31, 2023, with a notable increase in advertising-related payables from RMB 577,617 thousand to RMB 861,185 thousand[85] Financial Position and Capital Structure - The company repurchased all of its 2021 convertible bonds, totaling USD 300 million, improving its capital structure[3] - Cash and bank deposits balance stood at RMB 1.772 billion as of June 30, 2024[3] - The company's cash and bank balances as of June 30, 2024, totaled RMB 1,771.7 million, including restricted cash of RMB 518.3 million[40][41] - Net debt increased to RMB 947,855 thousand as of June 30, 2024, up from RMB 668,255 thousand in the same period last year, with a net debt-to-equity ratio rising to 37.8% from 21.8%[42] - Total bank borrowings amounted to approximately RMB 1,805.6 million as of June 30, 2024, with short-term and long-term borrowings detailed across various banks and interest rates ranging from 2.70% to 5.20%[43] - Capital expenditures for the period totaled RMB 100.6 million, with RMB 45.2 million allocated to fixed assets and RMB 55.4 million to intangible assets, down from RMB 186.7 million in the same period last year[45] - The company pledged land use rights and property, plant, and equipment with a net book value of RMB 318,200,000 and RMB 268,625,000 as collateral for long-term borrowings of RMB 110,600,000[46] - The company's total assets included RMB 1,213.7 million in cash and cash equivalents and RMB 18.7 million in bank wealth management products as of June 30, 2024[41] - Total assets decreased to RMB 7.47 billion as of June 30, 2024, from RMB 7.87 billion at the end of 2023[51] - Non-current assets totaled RMB 2.99 billion, a slight decrease from RMB 3.04 billion at the end of 2023[51] - Current assets amounted to RMB 4.49 billion, down from RMB 4.83 billion at the end of 2023[51] - Total liabilities decreased to RMB 4.96 billion from RMB 5.07 billion at the end of 2023[52] - Non-current liabilities decreased significantly to RMB 357.70 million from RMB 641.37 million at the end of 2023[52] - Current liabilities increased to RMB 4.60 billion from RMB 4.42 billion at the end of 2023[52] - The company's equity holders' share of the total equity decreased to RMB 2.51 billion from RMB 2.80 billion at the end of 2023[53] - The company's cash and cash equivalents, restricted cash pledged for bank loans, and bank wealth management products totaled RMB 1,750,695,000 as of June 30, 2024[59] - The company completed a share placement in April 2024, raising approximately HKD 313.0 million, with a net proceeds of HKD 308.0 million, primarily aimed at improving financial conditions and funding long-term business expansion[86] - As of June 30, 2024, the company had utilized USD 202.0 million out of the USD 293.6 million raised from the 2021 convertible bonds, with USD 55.2 million allocated to enhancing R&D capabilities and USD 58.8 million for potential strategic investments and acquisitions[87][88] - The 2023 share placement raised HKD 1,568.7 million, with HKD 1,411.8 million utilized by June 30, 2024, including HKD 313.7 million for upgrading the marketing system and HKD 470.6 million for supplementing working capital[89][90] - The 2024 share placement proceeds of HKD 308.0 million were fully utilized for refinancing existing debt by June 30, 2024[91] - The company repurchased $195.82 million of the 2021 convertible bonds at a price of $1,030.40 per $1,000 principal amount in April 2024[96] - The company redeemed $5.39 million of the 2021 convertible bonds at a price of $206,075.50 per $200,000 principal amount in June 2024[96] - All 2021 convertible bonds were canceled by June 30, 2024, and no outstanding 2021 convertible bonds remained[96] - The company applied for the delisting of the 2021 convertible bonds, effective after the close of business on June 21, 2024[96] - The company did not purchase, sell, or redeem any listed securities (including treasury shares) during the six months ended June 30, 2024, except as disclosed[96] Operational Costs and Expenses - Total sales cost decreased by 25.9% from RMB 393.3 million in the first half of 2023 to RMB 291.5 million in the first half of 2024, primarily due to reductions in employee costs, intangible asset amortization, and operational service costs[21] - Subscription solutions sales cost decreased by 18.7% from RMB 239.0 million in the first half of 2023 to RMB 194.4 million in the first half of 2024, driven by reductions in intangible asset amortization, employee costs, and broadband and hardware costs[23] - Merchant solutions sales cost decreased by 37.1% from RMB 154.3 million in the first half of 2023 to RMB 97.1 million in the first half of 2024, mainly due to reduced advertising traffic costs and contract service costs[24] - Sales and distribution expenses decreased by 33.0% from RMB 844.1 million in the first half of 2023 to RMB 565.3 million in the first half of 2024, primarily due to reductions in contract acquisition costs, employee costs, and marketing expenses[27] - General and administrative expenses decreased by 24.5% from RMB 380.0 million in the first half of 2023 to RMB 287.0 million in the first half of 2024, mainly due to reductions in R&D and administrative personnel costs[28] - R&D expenses decreased by 26.8% from RMB 319.2 million in the first half of 2023 to RMB 233.8 million in the first half of 2024, largely due to organizational optimization reducing employee headcount[29] - Employee benefits expenses for the six months ended June 30, 2024, were RMB 631,371,000, a decrease from RMB 767,549,000 in the same period in 2023[65] - Promotion and advertising expenses for the six months ended June 30, 2024, were RMB 127,653,000, significantly lower than RMB 348,290,000 in the same period in 2023[65] - Development costs payments amounted to RMB 55,406 thousand, reflecting ongoing investment in new technologies and products[55] Financial Costs and Income - Financial costs increased from RMB 80.0 million in the first half of 2023 to RMB 213.0 million in the first half of 2024, primarily due to amortization cost adjustments from early redemption of convertible bonds[34] - Financial income decreased from RMB 20.9 million in the first half of 2023 to RMB 8.1 million in the first half of 2024, primarily due to reduced bank deposit interest income[35] - The fair value change loss of convertible bonds amounted to RMB 54.5 million in the first half of 2024[36] - Income tax expenses decreased to RMB 22.7 million in the first half of 2024 due to reduced taxable income from Chinese subsidiaries[36] - The company's financial costs for the six months ended June 30, 2024, increased to RMB 212.986 million from RMB 79.971 million in the same period in 2023, primarily due

传媒/广告营销 公 司 研 微盟集团（02013.HK） SaaS 大客化驱动增长，广告受益视频号红利 究 2024年05月28日 ——港股公司首次覆盖报告 投资评级：增持（首次） 吴柳燕（分析师） 荀月（联系人） wuliuyan@kysec.cn xunyue@kysec.cn 日期 2024/5/27 证 书编号：S0790521110001 证书编号：S0790122100036 港 当前股价(港元) 1.600  国内零售及电商SaaS龙头，腾讯广告核心服务商，给予“增持”评级 股 一年最高最低(港元) 4.500/1.100 微盟是国内领先的零售电商SaaS龙头及精准营销服务提供商。收入端，SaaS业 公 司 总市值(亿港元) 49.24 务2023年受宏观环境影响大客IT预算收紧，但智慧零售需求确定性高、同层级 首 流通市值(亿港元) 49.24 竞争者少，未来随宏观复苏需求滞后释放；广告业务视频号快速起量，公司作为 次 总股本(亿股) 30.77 腾讯系重要服务商享受结构性红利。利润端，随组织优化及人效提升费用率大幅 覆 盖 流通港股(亿股) 30.77 降低，我们预计公司 2024-202 ...

证券研究报告 | 年报点评报告 2024年05月25日 微盟集团（02013.HK） 微信商业化提速，广告利润释放 2023 年收入复苏，亏损持续收窄。按持续经营业务口径，微盟 2023 年收入约 买入（维持） 22.3亿，同比增长 21%。其中，订阅解决方案、商家解决方案收入为 13.5亿元、 股票信息 8.8亿元，同比增长4.5%、60.5%。 行业 广告及宣传 毛利率方面，2023 年公司毛利率为 66.6%，同比提升 7.3pct。其中，订阅解决方 前次评级 买入 案毛利率由 2022年 59.5%提升至 2023年的 66.1%，主要由于收入增长以及降本 5月24日收盘价(港元) 1.58 增效等；商家解决方案毛利率由58.7%提升至67.3%，主要由于高毛利精准营销收 总市值(百万港元) 4,862.31 入占比提升。销售费用率由89%降至70%，行政费用率由54%降至32%。调整后 归母净亏损为4亿元，较2022年亏损14亿元大幅收窄。 总股本(百万股) 3,077.41 其中自由流通股(%) 100.00 订阅解决方案：智慧零售高增，推进大客化、行业化。截至 2023 年微盟 SaaS 付 3 ...

智通财经APP讯，微盟集团(02013)发布公告，有关建议购回于2026年到期的3亿美元零息有担保可转 债，于本公告日期，公司已透过交易经办人收到合资格债券持有人向公司出售本金总额约为1.8283亿美 元的余下可换股债券的承诺。未招标购回余下未偿还现有可换股债券约为1839万美元。公司可继续不时 于公开市场或以其他方式根据现有可换股债券的条款及条件购买余下可换股债券。 于2024年4月18日，公司拟配售2.77亿股新股份，相当于公司经配售扩大后的已发行股本约9.0%。每股 股份配售价1.13港元。配售所得款项总额将约为3.13亿港元。配售所得款项净额将约为3.08亿港元。公 司拟将其收取的所得款项净额用于现有债务的再融资。 ...

智通财经APP讯，微盟集团(02013)发布公告，内容有关发行、部分购回及注销由Weimob Investment Limited(发行人)(公司一间全资附属公司)发行的公司无条件及不可撤回地担保于2026年到期的3亿美元零 息有担保可转债(ISIN: XS2324754980)(现有可转债)。尚未赎回的现有可转债的本金总额为2.01亿美元 (剩余可转债)的相关事宜。 于2024年4月18日，发行人及公司订立有关发行人及公司建议购回剩余可转债(购回事项)的交易经办人 协议，发行人及公司已委聘Merrill Lynch (Asia Pacific) Limited作为交易经办人，以(其中包括)协助发行 人及公司收集愿意向发行人及公司出售彼等部分或全部剩余可转债的剩余可转债持有人的意向表示。 购回事项将不会于美国境内进行或向美国或向位于美国或居于美国的人士，或向代表位于美国或居于美 国的剩余可转债的实益拥有人行事的人士或以位于美国或居于美国的任何人士的名义或为彼等的利益行 事的人士提呈发售。 ...

Revenue and Profit Growth - Revenue for 2023 increased to RMB 2,227,684 thousand, up 21.1% from RMB 1,838,988 thousand in 2022[5] - Gross profit for 2023 rose to RMB 1,483,525 thousand, a 36% increase from RMB 1,090,651 thousand in 2022[5] - Total revenue for 2023 reached RMB 2.228 billion, a year-on-year increase of 21.1%[7] - Gross profit increased by 36.0% to RMB 1.484 billion in 2023, with gross margin rising from 59.3% to 66.6%[7] - Total revenue increased by 21.1% from RMB 1,839.0 million in 2022 to RMB 2,227.7 million in 2023, driven by growth in subscription solutions and merchant solutions[28] - Gross profit increased by 36.0% from RMB 1,090.7 million in 2022 to RMB 1,483.5 million in 2023, with subscription solutions gross margin rising from 59.5% to 66.1%[39] - Merchant solutions gross margin improved from 58.7% in 2022 to 67.3% in 2023, driven by higher-margin precision marketing net rebate income[40] Operating Performance and Losses - Operating loss for 2023 improved to RMB 604,291 thousand, compared to a loss of RMB 1,849,652 thousand in 2022[5] - Adjusted EBITDA loss for 2023 was RMB 74,900 thousand, a significant improvement from the loss of RMB 1,086,700 thousand in 2022[5] - Net loss attributable to equity holders for 2023 was RMB 761,258 thousand, compared to a loss of RMB 1,918,874 thousand in 2022[5] - Adjusted EBITDA loss narrowed significantly to RMB 75 million in 2023, a 93.1% reduction compared to the previous year[7] - Adjusted net loss decreased to RMB 388 million in 2023, a 73.4% reduction year-on-year[7] - The company reported a net loss attributable to equity holders of RMB 758.3 million in 2023, compared to a net loss of RMB 1,828.6 million in 2022, showing a reduction in losses[23] - The adjusted EBITDA margin improved significantly to -3.4% in 2023 from -59.1% in 2022, reflecting better operational performance[26] - The company's net loss margin attributable to equity holders improved to -34.0% in 2023 from -99.4% in 2022, indicating a substantial reduction in losses relative to revenue[26] - Operating loss decreased significantly from RMB 1,849.7 million in 2022 to RMB 604.3 million in 2023, driven by business recovery and cost optimization[48] - Net loss attributable to equity holders improved from RMB 1,918.9 million in 2022 to RMB 761.3 million in 2023[52] - Adjusted EBITDA loss narrowed to RMB 74.9 million in 2023 from RMB 282.5 million in 2022[54] - Net loss margin improved to 17.4% in 2023 from 34.2% in 2022[54] - Operating loss was RMB 1,849.7 million, with a non-GAAP operating loss of RMB 1,397.5 million, and the operating loss margin was 100.6%, while the non-GAAP operating loss margin was 76.0%[56] - Net loss was RMB 1,918.9 million, with a non-GAAP net loss of RMB 1,456.9 million, and the net loss margin was 104.3%, while the non-GAAP net loss margin was 79.2%[56] - Net loss for the year ended December 31, 2023, was RMB 761,258,000, with net cash used in operating activities amounting to RMB 595,704,000[170] - Net loss for 2023 was RMB 761,258 thousand, down from RMB 1,919,726 thousand in 2022[195] - Loss attributable to equity holders of the company was RMB 758,251 thousand in 2023, compared to RMB 1,828,566 thousand in 2022[195] - Basic and diluted loss per share for 2023 was RMB 0.28, down from RMB 0.73 in 2022[196] - Total comprehensive loss for 2023 was RMB 767,674 thousand, compared to RMB 1,902,420 thousand in 2022[196] Assets and Liabilities - Total assets for 2023 stood at RMB 7,868,096 thousand, slightly down from RMB 7,970,716 thousand in 2022[6] - Non-current assets increased to RMB 3,038,105 thousand in 2023, up from RMB 3,028,205 thousand in 2022[6] - Current liabilities rose to RMB 4,424,473 thousand in 2023, compared to RMB 3,748,809 thousand in 2022[6] - Total equity increased to RMB 2,802,254 thousand in 2023, up from RMB 2,241,046 thousand in 2022[6] - Non-current liabilities decreased to RMB 641,369 thousand in 2023, down from RMB 1,980,861 thousand in 2022[6] - Total assets decreased to RMB 7,868,096 thousand in 2023 from RMB 7,970,716 thousand in 2022, reflecting a slight decline in the company's overall financial position[197] - Non-current assets increased marginally to RMB 3,038,105 thousand in 2023 compared to RMB 3,028,205 thousand in 2022, driven by growth in property, plant, and equipment[197] - Current assets decreased to RMB 4,829,991 thousand in 2023 from RMB 4,942,511 thousand in 2022, primarily due to a reduction in cash and cash equivalents[197] - Total liabilities decreased significantly to RMB 5,065,842 thousand in 2023 from RMB 5,729,670 thousand in 2022, indicating improved debt management[198] - Non-current liabilities dropped to RMB 641,369 thousand in 2023 from RMB 1,980,861 thousand in 2022, reflecting a substantial reduction in long-term financial obligations[198] - The company's equity increased to RMB 2,802,254 thousand in 2023 from RMB 2,241,046 thousand in 2022, driven by share issuances and other equity transactions[199] - Accumulated losses widened to RMB 5,475,828 thousand in 2023 from RMB 4,717,577 thousand in 2022, indicating continued financial challenges[199] - The company issued new shares worth RMB 1,369,660 thousand in 2023, contributing to an increase in share premium to RMB 8,784,371 thousand[199] - Non-controlling interests increased to RMB 102,097 thousand in 2023 from RMB 91,501 thousand in 2022, reflecting additional investments from minority shareholders[199] - The company repurchased convertible bonds worth RMB 89,666 thousand in 2023, reducing its financial liabilities[199] Subscription and Merchant Solutions - Subscription solutions revenue grew by 4.5% to RMB 1.349 billion, with 96,339 paying merchants and an average revenue per user (ARPU) of RMB 14,007[7] - Merchant solutions revenue surged by 60.5% to RMB 878 million, with 66,905 paying merchants and an ARPU of RMB 13,127[7] - Subscription solutions revenue reached RMB 1.349 billion, a year-on-year increase of 4.5%, with the number of paying merchants decreasing by 3.3% to 96,339, and average revenue per user increasing by 8.0% to RMB 14,007[15] - Smart retail revenue grew by 19.5% year-on-year to RMB 613 million, accounting for 45.5% of subscription solutions revenue, with the number of merchants reaching 6,826, including 1,306 brand merchants with an average order revenue of RMB 195,000 per user[15] - Subscription solutions revenue grew by 4.5% from RMB 1,291.7 million in 2022 to RMB 1,349.4 million in 2023, with average revenue per user (ARPU) increasing by 8.0% to RMB 14,007[30] - Merchant solutions revenue surged by 60.5% from RMB 547.3 million in 2022 to RMB 878.3 million in 2023, supported by a 44.5% increase in gross revenue to RMB 14,465.8 million[31] - The number of paying merchants for subscription solutions decreased by 3.3% from 99,604 in 2022 to 96,339 in 2023, while the churn rate slightly increased to 26.8%[24] - The number of paying merchants for merchant solutions rose significantly from 53,855 in 2022 to 66,905 in 2023, reflecting strong demand for advertising services[31] Advertising and Marketing - Advertising gross revenue supported by merchants reached RMB 14.466 billion, a 44.5% increase year-on-year[7] - Weimob's marketing business revenue increased by 60.5% year-on-year to RMB 878 million, with the number of paying merchants growing by 24.2% to 66,905, and average spending per merchant rising by 16.3% to RMB 216,215[18] - Weimob helped merchants generate advertising gross income of RMB 14.466 billion, a year-on-year increase of 44.5%[18] - Weimob's service merchants' annual consumption in the Kuaishou track increased by 164% year-on-year, and in the Xiaohongshu ecosystem, annual consumption grew by 259%[18] - Tencent advertising consumption increased by 63% year-on-year during the reporting period[19] - GMV for video account merchants served by the company grew by 48.5% year-on-year[19] - Monthly GMV in the Hangzhou apparel industry belt exceeded RMB 50 million multiple times, stabilizing above RMB 35 million[19] - The company's WAI image generation feature usage rate increased by over 470% during the Double 12 period, with product poster creation growing by over 270%[19] - Overseas advertising consumption increased by 11.5% year-on-year, assisting over 300 merchants in industries like fitness equipment and home goods[20] - Gross income from merchant solutions increased by 44.5% to RMB 14,465.8 million in 2023, driven by higher spending per advertiser and growth in video ad demand[31] - Advertising traffic costs increased from RMB 91.0 million in 2022 to RMB 127.1 million in 2023, aligning with increased traffic procurement budgets for TSO services[33] AI and Technology - WOS new business operating system drove a 38.6% increase in gross profit for Weimob Cloud, with active ecosystem partner revenue rising by 126%[9] - Weimob WAI, an AI application product, expanded to over 50 application scenarios, with content usability reaching 80% and copywriting efficiency improving by 60%[10] - Weimob WAI has been applied in over 50 scenarios, serving more than 42,000 merchants, improving private domain operation efficiency by 30%-60%[16] - Weimob WOS system reduced R&D costs by over 80% and shortened launch time by 67% for DTC e-commerce and international e-commerce businesses[16] - The company aims to become an enterprise-level AI service provider, leveraging "SaaS+AI" to drive digital transformation[21] - Strategic investment in short drama content companies to explore AI integration and expand commercial applications[22] International Business - International business is identified as a new growth driver, with plans to expand overseas marketing and short drama initiatives[22] - Overseas advertising consumption increased by 11.5% year-on-year, assisting over 300 merchants in industries like fitness equipment and home goods[20] Corporate Governance and Leadership - Sun Taoyong, the founder and CEO, is responsible for the company's business planning, strategy, and overall management[68] - Fang Tongshu, a co-founder, oversees the overall operation and management of the software business[68] - You Fengchun, a co-founder, is responsible for the overall planning and operation of the precision marketing business[68] - Guo Junxian, the Chief Commercial Officer, manages the business operations of the company's enterprise service group[70] - Li Xufu, an independent non-executive director, has 24 years of experience in the securities and investment industry[71] - Tang Wei, an independent non-executive director, has over 10 years of experience in accounting, financial management, and investment banking[72] - The company has maintained high standards of corporate governance, with the exception of deviating from Code Provision C.2.1 of the Corporate Governance Code, which requires the separation of the roles of Chairman and CEO. Sun Taoyong serves as both Chairman and CEO, a decision deemed beneficial for the company and its shareholders at this stage of development[139] - The Board of Directors consists of four executive directors and three independent non-executive directors, ensuring compliance with the Listing Rules regarding the appointment of independent directors[142] - The company has adopted a Board Diversity Policy to ensure diversity in terms of gender, age, cultural and educational background, professional experience, skills, and knowledge. As of December 31, 2023, 55% of the company's employees were male[144] - The Board has established a mechanism allowing directors to seek independent professional advice when necessary, ensuring strong independent elements in decision-making[143] - The company provides necessary induction training and ongoing professional development for all newly appointed directors to ensure they are well-informed about the company's operations and regulatory responsibilities[145] - The company held 6 board meetings and 1 shareholders' meeting in 2023, with all directors attending all scheduled meetings except for newly appointed directors[151] - The company has adopted a standard code of conduct for directors' securities transactions, and all directors confirmed compliance with the code in 2023[152] - The board retains decision-making authority for all major matters, including policy approval, strategy, budget, risk management, and significant transactions[153] - The company's corporate governance functions include monitoring legal compliance, reviewing training programs, and developing codes of conduct for employees and directors[154] - The chairman and CEO roles are currently held by the same individual, Mr. Sun Taoyong, which the board believes provides strong and consistent leadership[148] - Directors are appointed with initial fixed terms of 3 years for executive directors and 1 year for independent non-executive directors[149] - The board meets at least quarterly, with 14 days' notice for regular meetings and 3 days' notice for supporting documents[150] - One-third of directors must retire by rotation at each annual general meeting, with a minimum requirement of retirement every 3 years[149] - The Audit Committee consists of Mr. Tang Wei, Dr. Li Xufu, and Ms. Xu Xiaoou, with Mr. Tang Wei serving as the Chairman[155] - The Audit Committee held two meetings in 2023, with all members attending both sessions[160] - The Audit Committee reviewed the company's annual and interim financial reports, including the financial statements for the year ended December 31, 2022, and the six months ended June 30, 2023[160] - The Audit Committee evaluated the financial reporting system, compliance procedures, risk management, and internal control systems, including the adequacy of resources, employee qualifications, and training budgets[160] - The Nomination Committee is composed of Dr. Li Xufu, Mr. Tang Wei, and Mr. Sun Taoyong, with Mr. Sun Taoyong serving as the Chairman[161] - The Nomination Committee held two meetings in 2023, with all members attending both sessions[162] - The Nomination Committee is responsible for reviewing the structure, size, and composition of the Board of Directors, including skills, knowledge, and experience[161] - The Nomination Committee assesses the independence of independent non-executive directors and ensures diversity in board appointments[162] - The Nomination Committee evaluates candidates based on integrity, experience, skills, and the time and effort dedicated to their duties[162] - The Nomination Committee ensures that directors receive formal appointment letters outlining expectations for time commitment and participation[162] - The company's board structure, size, and composition were reviewed, along with the independence of independent non-executive directors[163] - The nomination policy and board diversity policy were reviewed, and the reappointment of retiring directors and appointment of independent non-executive directors were considered[164] - The Remuneration Committee, consisting of two independent non-executive directors and one executive director, held two meetings in 2023 to discuss and review the remuneration of directors and senior management[165][166] - The remuneration range for directors and senior management in 2023 was as follows: 3 individuals in the range of 0 - 500,000 RMB, 3 individuals in the range of 500,001 - 1,000,000 RMB, and 2 individuals with remuneration exceeding 1,000,000 RMB[168] - The directors understand their responsibilities in preparing the company's financial statements for the year ended December 31, 2023, to present a true and fair view of the company's and the group's financial position, performance, and cash flows[169] - The Board of Directors is responsible for ensuring the establishment and maintenance of a sound risk management and internal control system[171] - The Audit Committee is tasked with overseeing the company's risk management and internal control systems and reviewing their effectiveness annually[172] - The internal audit function monitors the adequacy and effectiveness of the company's risk management and internal control systems, reporting directly to the Audit Committee[173] - The company has implemented procedures to ensure fair and timely disclosure of insider information and to prevent unauthorized use or disposal of assets[173] - The Audit Committee reviews the effectiveness of the company's risk management and internal control systems, including resource adequacy, staff qualifications, and training programs[173] - The audit committee found no significant issues affecting the company's risk management and internal control effectiveness during the reporting period[174] - The board confirmed that the internal control system provided reasonable assurance to avoid material financial misstatements or losses, including asset protection and compliance with laws and regulations[175] - The total audit fees paid to auditors for the year ending December