Group 1 - The core viewpoint of the article highlights the significant increase in the stock price of Weimob Group, which rose by 7.82% to 2.62 CNY per share, with a trading volume of 25.37 million CNY as of 09:30 on August 25 [1] - Weimob Group is identified as a cloud-based business and marketing solutions provider in China, focusing on decentralized digital transformation SaaS products and full-link growth services to support sustainable business growth for merchants [1] - The company has developed the WOS new business operating system, creating a comprehensive decentralized commercial infrastructure for digital transformation and providing a robust PaaS platform for developers to build a cloud-based business ecosystem [1] Group 2 - As of the mid-2025 report, Weimob Group reported total operating revenue of 775 million CNY and a net profit of -33.06 million CNY [2]

Core Viewpoint - Weimob Group (02013) reported a significant increase in stock price, rising over 15% in early trading, attributed to its positive mid-year performance for 2025, showcasing growth in revenue and profitability [1] Financial Performance - Revenue for the first half of 2025 was approximately 775.5 million RMB, reflecting a year-on-year growth of 7.8% [1] - Gross profit reached about 582 million RMB, with a year-on-year increase of 1.1% [1] - Adjusted gross profit was approximately 583 million RMB, showing a substantial year-on-year growth of 36.1% [1] - Adjusted net profit was 16.9 million RMB, marking the first profit since 2021 [1] AI Product Development - The company has been focusing on enhancing and iterating its AI products, which assist merchants in streamlining their operations from store setup to marketing [1] - The AI product matrix includes offerings such as WAI SaaS, WAI Pro, and WIME, contributing to improved efficiency for merchants [1] - AI product revenue for the first half of 2025 was approximately 34 million RMB [1] Collaboration and Market Penetration - Weimob maintains a close collaboration with Tencent, actively engaging with new opportunities in WeChat e-commerce [1] - The integrated solution of WeChat Store and Weimob Mini Program achieved a penetration rate of 15% among existing accounts within the first month of launch [1] - Merchants who activated the new features experienced an average month-on-month growth rate of 27% in orders and 26% in membership [1] - In 2025, the number of newly bound WeChat Store merchants exceeded 300, with a monthly GMV of approximately 50 million RMB and a monthly growth rate of about 100% [1]

如孙先生所告知，进行增持事项乃由于彼对集团整体发展前景和增长潜力充满信心。随着集团经调整净 利润扭亏为盈、毛利率改善以及人工智能相关收入成为新的增长点，集团的基本面已发生积极变化。在 遵守适用法律及监管规定的前提下，若未来出现合适时机，孙先生可能会考虑进一步增持公司股份。 格隆汇8月25日丨微盟集团(02013.HK)发布公告，董事会接获董事会主席兼公司首席执行官孙涛勇先生 ("孙先生")通知，孙先生透过其控制的实体Yomi.sun Holding Limited("Yomi.sun Holding")于2025年8月22 日的公开市场交易中，以每股平均价约2.44港元购入合共400万股公司股份，相当于公司于本公告日期 已发行股份总数的约0.11%("增持事项")。紧随增持事项后，Yomi.sun Holding和孙先生分别直接持有约 2.446亿股公司股份和被视为于约2.446亿股公司股份中拥有权益，均相当于公司于本公告日期已发行股 份总数约6.76%。 ...

智通财经APP讯，微盟集团(02013)发布公告，董事会接获董事会主席兼本公司首席执行官孙涛勇先生 (孙先生)通知，孙先生透过其控制的实体Yomi.sun Holding Limited(Yomi. sun Holding)于2025年8月22日 的公开市场交易中，以每股平均价约2.44港元购入合共400万股本公司股份，相当于本公司于本公告日 期已发行股份总数的约 0.11%(增持事项)。紧随增持事项后，Yomi.sun Holding和孙先生分别直接持有 2.45亿股本公司股份和被视为于2.45亿股本公司股份中拥有权益，均相当于本公司于本公告日期已发行 股份总数约6.76%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 WEIMOB INC. 微盟集團 * （於開曼群島註冊成立之有限公司） （股份代號：2013） 自願公告 管理層增持本公司股份 Weimob Inc. 本公告由Weimob Inc.（「本公司」，連同其附屬公司統稱「本集團」）自願作出。 董事會主席兼首席執行官 本公司董事（「董事」）會（「董事會」）接獲董事會主席兼本公司首席執行官孫濤勇先 生（「孫先生」）通知，孫先生透過其控制的實體Yomi.sun Holding Limited（「Yomi. sun Holding」）於2025年8月22日的公開市場交易中，以每股平均價約2.44港元購 入合共4,000,000股本公司股份，相當於本公司於本公告日期已發行股份總數的約 0.11%（「增持事項」）。緊隨增持事項後，Yomi.sun Holding和孫先生分別直接持有 244,599,000股本公司股份和被視為於244,599,000股本公司股份中擁有權益， ...

Group 1 - The top three companies with the highest short positions as of August 15 are WuXi AppTec (02359), CATL (03750), and COSCO Shipping Holdings (01919), with short ratios of 14.92%, 14.41%, and 13.40% respectively [1][2] - The companies with the largest absolute increase in short positions are Heng Rui Medicine (01276), Yao Cai Securities (01428), and Modern Animal Husbandry (01117), with increases of 2.49%, 1.34%, and 1.31% respectively [1][2] - The companies with the largest absolute decrease in short positions are Ganfeng Lithium (01772), WuXi AppTec (02359), and Fourth Paradigm (06682), with decreases of -2.98%, -2.67%, and -2.28% respectively [1][2] Group 2 - The top ten companies with the highest short ratios include Ping An Insurance (02318) at 12.46%, Green Leaf Pharmaceutical (02186) at 12.36%, and Vanke Enterprises (02202) at 12.13% [2] - The companies with the most significant increases in short ratios include Heng Rui Medicine (01276) from 0.51% to 2.99%, Yao Cai Securities (01428) from 3.47% to 4.81%, and Modern Animal Husbandry (01117) from 4.74% to 6.05% [2] - The companies with the most significant decreases in short ratios include Ganfeng Lithium (01772) from 13.32% to 10.34%, WuXi AppTec (02359) from 17.59% to 14.92%, and Fourth Paradigm (06682) from 2.74% to 0.46% [2][3]

Group 1 - The core viewpoint of the article highlights the performance and business model of Weimob Group, which focuses on providing decentralized digital transformation SaaS products and full-link growth services to merchants [1] - As of August 22, Weimob Group's stock price increased by 2.1%, reaching 2.43 yuan per share, with a trading volume of 315 million yuan [1] - Weimob Group reported total revenue of 775 million yuan and a net profit of -33.06 million yuan for the mid-year report of 2025 [2] Group 2 - The mid-year report for the fiscal year 2025 indicated a net profit attributable to shareholders of -33.06 million yuan, representing a year-on-year increase of 94%, with basic earnings per share at -0.01 yuan [3]

美银证券发表研报指，微盟集团中期收入7.75亿元，符合市场预期；non-GAAP层面扭亏，经调整净利 润1700万元，受惠利毛利率改善及有效成本控制。管理层目标现财年non-GAAP层面收支平衡。该行上 调对公司今年至2027年经调整净利润预测至3400万、1.01亿及1.9亿元，目标价由2.4港元上调至2.7港 元，重申"中性"评级。 ...

Investment Rating - The investment rating for Weimob Group is "Buy" (maintained) [1][4][12] Core Views - The report highlights that Weimob Group's SaaS business is focusing on e-commerce and retail core scenarios, actively promoting AI Agent applications. The company is reducing investments in small micro clients, and the impact of advertising business rebate policies is diminishing. However, the SaaS business is still affected by macroeconomic conditions, leading to a delay in demand from existing and new clients. The advertising business is adjusting its client structure, resulting in a downward revision of the adjusted net profit forecast for 2025-2026 to 0.5/1.3 billion RMB (previously 1.3/3.0 billion RMB), with a new adjusted net profit forecast for 2027 of 2.4 billion RMB, corresponding to adjusted diluted EPS of 0.02/0.05/0.09 RMB [4][5][6]. Financial Summary and Valuation Metrics - For H1 2025, Weimob Group's revenue was 775 million RMB, a year-on-year decline of 10.6%, which was in line with Bloomberg consensus expectations (773 million RMB). The adjusted net profit was 17 million RMB, better than the consensus expectation of -110 million RMB, due to the reduction of loss-making and low-margin businesses, as well as ongoing cost reduction and efficiency improvements [5][7]. - The revenue breakdown shows that the subscription solutions segment generated 438 million RMB in H1 2025, down 10.1% year-on-year, primarily due to macroeconomic impacts and the company's proactive reduction of small micro merchants, leading to a decrease in deferred revenue. The number of paying merchants declined by 13.9%, while ARPU increased by 4.5%. AI-related business revenue was between 30-40 million RMB. The gross margin was 62.6%, up 2.5 percentage points year-on-year, due to reduced amortization of intangible assets, partially offset by increased costs from new business development [5][6][7]. - The advertising solutions segment saw gross advertising revenue grow by 3.4% year-on-year, with adjusted revenue increasing by 45.3%, as the impact of rebate policy adjustments weakened. The gross margin was 91.3%, up 16.8 percentage points year-on-year, due to the reduction of TSO and credit businesses [5][6][7]. - The financial metrics for Weimob Group are as follows: - Revenue (million RMB): 2,228 (2023A), 1,339 (2024A), 1,605 (2025E), 1,782 (2026E), 2,002 (2027E) - Adjusted net profit (million RMB): -388 (2023A), -530 (2024A), 43 (2025E), 133 (2026E), 245 (2027E) - Gross margin (%): 66.6 (2023A), 44.5 (2024A), 68.2 (2025E), 68.7 (2026E), 68.7 (2027E) - Net margin (%): -17.4 (2023A), -39.6 (2024A), 3.0 (2025E), 7.4 (2026E), 12.2 (2027E) - ROE (%): -72.2 (2023A), -43.1 (2024A), 6.4 (2025E), 28.0 (2026E), 34.0 (2027E) - EPS (diluted/RMB): -0.15 (2023A), -0.19 (2024A), 0.02 (2025E), 0.05 (2026E), 0.09 (2027E) - P/E (times): NA (2023A), NA (2024A), 166.0 (2025E), 59.6 (2026E), 32.3 (2027E) - P/S (times): 3.5 (2023A), 5.9 (2024A), 4.9 (2025E), 4.4 (2026E), 3.9 (2027E) [7][8]

Core Viewpoint - Weimob Group (2013.HK) reported a total revenue of 775 million yuan for the first half of 2025, reflecting a year-on-year adjusted increase of 7.8% after accounting for the impact of the reduced rebate ratio for merchant solutions in the first half of 2024 [1] Financial Performance - Adjusted EBITDA reached 72 million yuan, representing a year-on-year growth of 140.7%, marking the first turnaround since 2022 [1] - Adjusted net profit was 17 million yuan, with a year-on-year increase of 109%, achieving the first turnaround since 2021 [1]