Core Insights - China's instant retail sector is entering a new phase of intense competition, with JD.com and Meituan leading the charge by utilizing food delivery as a key driver for user growth and market expansion in 2025 [1][2][31] Group 1: Competitive Landscape - JD.com and Meituan have engaged in multiple rounds of online disputes regarding their food delivery services, highlighting their ambitions in the instant retail space [3] - Both companies have been investing in instant retail for over a decade, with JD.com focusing on supply chain and logistics, while Meituan launched its "Flash Sale" brand in 2018 [4][5] - The competition intensified in April 2025, with both companies launching their respective instant delivery services simultaneously [31] Group 2: Market Potential - The instant retail market in China reached approximately RMB 780 billion in 2024, accounting for only 6% of total online retail of physical goods, with expectations to surpass RMB 2 trillion by 2030 [11][12] - Instant retail is characterized by high purchase frequency and rapid conversion, making it a critical lever for business growth [15] Group 3: User Growth and Engagement - JD.com has seen a significant increase in daily new user volume since launching its food delivery service, surpassing Meituan's numbers as of April 16, 2025 [33] - Average daily online time for JD.com users reached 14.27 minutes as of April 23, 2025, reflecting a 54% increase compared to the previous year [33] Group 4: Strategic Moves - JD.com has adopted a proactive public relations strategy, focusing on courier welfare and launching various promotional benefits to attract users and merchants [28][24] - Meituan's financial reports indicate a consistent growth in gross profit margin, with a focus on expanding its Flash Warehouse model in lower-tier markets [17] Group 5: Infrastructure and Operational Strategies - JD.com emphasizes a self-operated model for its instant retail business, leveraging its investments in e-commerce warehousing, while Meituan relies on an asset-light strategy with third-party franchises [41][40] - Both companies are enhancing their infrastructure and operational efficiency to capture market share in the growing instant retail sector [44]

Core Insights - Aurora Mobile Limited has achieved SOC 2 Type II certification for its platforms EngageLab and GPTBots.ai, highlighting its commitment to data security and operational excellence [1][4][11] - SOC 2 Type II certification is a globally recognized standard that evaluates a company's controls over security, availability, processing integrity, confidentiality, and privacy [2] Company Overview - Founded in 2011, Aurora Mobile is a leading provider of customer engagement and marketing technology services in China, focusing on stable and efficient messaging services [8] - The company has developed solutions like Cloud Messaging and Cloud Marketing to assist enterprises in achieving omnichannel customer reach and digital transformation [8] Product Details - EngageLab is an AI-powered omnichannel customer engagement solution that facilitates seamless interactions across various channels, delivering over 1 million messages per second globally [5] - GPTBots.ai is an enterprise AI agent platform designed to enhance customer experiences and streamline operations, offering end-to-end AI solutions for various business needs [6] Client and Partner Implications - The SOC 2 Type II certification enhances Aurora Mobile's reputation as a trusted technology partner, enabling clients to innovate and grow with confidence [4][11] - The certification supports clients' regulatory and business requirements, facilitating secure business expansion [11]

Core Insights - Pop Mart has achieved record-breaking growth and global expansion through emotional consumption and IP innovation, with significant revenue increases projected for 2024 and 2025 [1][2]. Financial Performance - In 2024, Pop Mart's revenue exceeded RMB 13 billion, marking a fivefold increase since its listing on the HKEX in 2020 [2]. - The company's gross profit margin improved to 66.8% in 2024, with operating profit increasing by 238% [9]. - Revenue from overseas markets rose from 9.8% of total revenue in 2022 to 38.9% in 2024, indicating successful international expansion [11]. Brand Development - Pop Mart transitioned from a trendy variety store to a curated pop toy store, leveraging the blind box trend and original IP collaborations to drive growth [3][4]. - The company has focused on enhancing IP quality and diversifying its product offerings, including lifestyle products and collaborations with cultural IPs [16][28]. Consumer Engagement - Pop Mart has effectively utilized the blind box model to create emotional connections with consumers, fostering loyalty and repeat purchases through marketing and social media engagement [18][19]. - The brand has expanded its IP universe, with characters like "HIRONO" and "LABUBU" resonating with consumers and becoming symbols of self-expression and cultural identity [21][25]. Market Challenges - The competitive landscape in the pop toy industry is intensifying, with emerging players and established IPs posing challenges to Pop Mart's market position [30][32]. - Managing the lifecycle of original IPs and maintaining innovation will be critical for sustaining growth and consumer interest in the long term [32][33].

Exhibit 99.1 Aurora Mobile Limited Announces First Quarter 2025 Unaudited Financial Results SHENZHEN, CHINA, May 29, 2025 – Aurora Mobile Limited ("Aurora Mobile" or the "Company") (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, "We have had a g ...

Core Insights - Aurora Mobile Limited has integrated the DeepSeek-R1-0528 AI model into its GPTBots.ai platform, enhancing its capabilities to compete with major players like OpenAI and Google [1][2][7] - The DeepSeek-R1-0528 model shows significant improvements in reasoning and coding performance, with AIME 2025 accuracy increasing from 70% to 87.5% and LiveCodeBench performance rising from 63.5% to 73.3% [2][3] - The model's open-source nature under the MIT License allows for commercial use and customization, aligning with the company's strategy to provide flexible AI solutions [5][6] Company Overview - Aurora Mobile, founded in 2011, is a leading provider of customer engagement and marketing technology services in China, focusing on stable messaging services and digital transformation solutions [11] - The company has developed various solutions, including Cloud Messaging and Cloud Marketing, to help enterprises achieve omnichannel customer reach [11] Product Features - The DeepSeek-R1-0528 model features a reduced hallucination rate and supports JSON output and function calling, facilitating seamless integration into business workflows [3][6] - A distilled version, DeepSeek-R1-0528-Qwen3-8B, is available for enterprises with limited compute resources, requiring only 16 GB of GPU memory while maintaining high performance [4] Market Implications - The integration of DeepSeek-R1-0528 enhances GPTBots.ai's ability to deliver advanced AI solutions across various industries, including finance, healthcare, education, and e-commerce [6][8] - The release highlights the growing potential of open-source AI models in enterprise applications, positioning GPTBots.ai to stay competitive in the evolving AI landscape [7]

Financial Data and Key Metrics Changes - The company's revenue for Q1 2025 reached RMB 89 million, representing a 48% year-over-year growth, marking the highest Q1 revenue since transitioning to a pure SaaS model [6][25] - Gross profit increased by 27% year-over-year, achieving the highest gross profit in the past nine quarters, with gross margin improving by 530 basis points quarter-over-quarter [8][20] - Adjusted EBITDA was positive for the seventh consecutive quarter, indicating sustained operational efficiency [8][27] Business Line Data and Key Metrics Changes - Developer Services revenue grew by 39% year-over-year, with subscription revenue increasing by 26% year-over-year [10][11] - Engage Labs recognized revenue surged by 127% year-over-year, with total contract value exceeding RMB 110 million in Q1 2025 [12][26] - Financial Risk Management recorded its best quarter ever, with revenue of RMB 22.2 million, reflecting a 64% year-over-year growth [7][17] Market Data and Key Metrics Changes - The advertising spending recovery in Q1 contributed to a 269% year-over-year increase in Value Added Services revenue [15] - Market Intelligence revenue decreased by 26% year-over-year, indicating ongoing weakness in demand for Chinese app data [18] Company Strategy and Development Direction - The company aims to invest more resources into the development of its enterprise AI agent platform and its global expansion [9] - The management emphasized the importance of balancing R&D and marketing expenses to sustain growth while aiming for profitability [41][43] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth momentum continuing into the rest of 2025, with Q2 revenue guidance projected between RMB 87.5 million and RMB 90.5 million, reflecting a 10% to 14% year-over-year increase [27][28] - The management acknowledged the need for continued investment in R&D and marketing to maintain competitive advantage and support future growth [41][43] Other Important Information - The company repurchased 16,000 ADS in Q1 2025, with a total of 295,000 ADS repurchased since the start of the program [28] Q&A Session Summary Question: Outlook for EngageLab business after achieving RMB 110 million contract value - Management confirmed the calculation of newly signed contracts and highlighted the ability to win significant contracts globally, though they set realistic expectations for future quarters [31][35] Question: When can the company expect quarterly net profit despite revenue growth? - Management explained that while revenue and gross profit are growing, certain necessary expenses for R&D and marketing are impacting net profit, emphasizing the need for a balance between spending and growth [39][44]

Financial Data and Key Metrics Changes - The company's revenue for Q1 2025 reached RMB 89 million, representing a 48% year-over-year growth, marking the highest Q1 revenue since transitioning to a pure SaaS model [8][28] - Gross profit increased by 27% year-over-year, achieving the highest gross profit in the past nine quarters, with gross margin improving by 530 basis points quarter-over-quarter [9][28] - Adjusted EBITDA was positive for the seventh consecutive quarter, indicating a strong financial performance [9][28] Business Line Data and Key Metrics Changes - Developer Services revenue grew by 39% year-over-year, with subscription revenue increasing by 26% year-over-year [12][28] - Engage Labs recognized revenue grew by 127% year-over-year, with total contract value exceeding RMB 110 million in Q1 2025 [8][14] - Financial Risk Management recorded its highest revenue ever at RMB 22.2 million, growing 64% year-over-year [18][19] Market Data and Key Metrics Changes - The advertising spending recovery in Q1 contributed to a 269% year-over-year increase in Value Added Services revenue [16] - Market Intelligence revenue decreased by 26% year-over-year, reflecting ongoing weakness in demand for Chinese app data [21] Company Strategy and Development Direction - The company aims to invest more resources into the development of its enterprise AI agent platform and its global expansion [10] - The management emphasized the importance of balancing R&D and marketing expenses to sustain growth while aiming for profitability [45][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth momentum continuing into the rest of 2025, with Q2 revenue guidance projected between RMB 87.5 million to RMB 90.5 million, reflecting a 10% to 14% year-over-year increase [30][29] - The management acknowledged the need for continued investment in R&D and marketing to maintain competitive advantage and support future growth [43][45] Other Important Information - The company repurchased 16,000 ADS in Q1 2025, with a total of 295,000 ADS repurchased since the start of the program [31] Q&A Session Summary Question: Outlook for EngageLab business after achieving RMB 110 million contract value - Management confirmed the calculation of newly signed contracts and highlighted the ability to win significant contracts globally, though they set realistic expectations for future contract values [34][38] Question: When can the company expect quarterly net profit despite revenue growth? - Management explained that while revenue and gross profit are growing, certain expenses are necessary for continued growth, and profitability will come as the business scales [41][46]

3 • We launched the Hong Kong Edition of JVerification to streamline and innovate cross- border login and verification • As digital transformation accelerates globally, the demand for seamless and secure cross- border services is a top priority for many developers • JVerifcation (HK Edition) offers a more efficient and secure verification solution to assist businesses in expanding into the Hong Kong market Aurora Mobile + Our Partners = Great Success!! 2025 Q1 EARNINGS PRESENTATION May 29, 2025 Part 1 2025 ...

Core Viewpoint - Aurora (NASDAQ: JG) reported significant growth in its Q1 2025 unaudited financial results, driven by rapid expansion in overseas business and strong performance in developer services and industry applications, amidst a global AI wave that is reshaping the SaaS landscape [1][2]. Group 1: Financial Performance - Total revenue for Q1 reached 89 million RMB, a substantial increase of 38% year-over-year, marking one of the highest revenue levels since Q4 2024 [7]. - Gross profit grew by 27% year-over-year, reaching 58.8 million RMB, with a gross margin of 66.1%, reflecting a 520 basis point increase from the previous quarter [16][18]. - Adjusted EBITDA turned positive at approximately 500,000 RMB, achieving profitability for the seventh consecutive quarter, while net loss narrowed significantly to 1.61 million RMB [19][21]. Group 2: Business Segments - EngageLab achieved a record contract signing amount exceeding 63 million RMB in Q1, with cumulative contracts surpassing 110 million RMB, reflecting a year-over-year revenue growth of 127% [2][4]. - The financial risk control business reported a record performance with revenue of 22.2 million RMB, marking a 64% year-over-year increase [12]. - Industry application revenue reached 26.7 million RMB, with year-over-year growth of 35% and a quarter-over-quarter increase of 20%, driven by strong performance in financial risk control [12]. Group 3: Strategic Initiatives - EngageLab expanded its global footprint, now serving clients in 40 countries, and upgraded its product offerings to enhance marketing efficiency [3][4]. - GPTBots.ai continues to empower group operations by providing intelligent solutions and forming strategic partnerships to enhance technological capabilities [6]. - The company maintains a low operating expense growth of 14%, supporting a sustainable growth model while investing in overseas market expansion [23]. Group 4: Market Position and Future Outlook - The deferred revenue reached a historical high of 157 million RMB, indicating strong market confidence in Aurora's services and a sustainable cash flow model [25][27]. - The company is well-positioned to leverage AI technology and operational optimization to deepen product barriers and unlock long-term growth potential [28].

Core Viewpoint - Aurora Mobile Limited reported strong financial performance for Q1 2025, with significant year-over-year growth in revenue and gross profit, indicating a positive momentum for the company moving forward [3][4]. Financial Highlights - Revenue for Q1 2025 was RMB 89.0 million (US$ 12.3 million), a 38% increase from RMB 64.5 million in the same quarter last year [5]. - Gross profit reached RMB 58.8 million (US$ 8.1 million), reflecting a 27% year-over-year growth [6][7]. - Operating expenses totaled RMB 60.6 million (US$ 8.3 million), an increase of 14% compared to the same quarter last year [6][7]. - The net loss for the quarter was RMB 1.6 million (US$ 0.2 million), an improvement from a net loss of RMB 2.6 million in the same quarter last year [8]. Revenue Breakdown - Revenue from Developer Services increased by 39%, while revenue from Vertical Applications grew by 35% [5]. - Value-Added Services within Developer Services saw a remarkable increase of 269% year-over-year [5]. Business Performance - EngageLab business achieved over RMB 63 million in contract value in Q1 2025, bringing total cumulative contract value to over RMB 110 million [6]. - Financial Risk Management business recorded its highest quarterly revenue of RMB 22.2 million, a 64% increase year-over-year [6]. Cost Structure - Cost of revenues was RMB 30.1 million (US$ 4.2 million), a 66% increase from RMB 18.2 million in the same quarter last year, primarily due to increased media and messaging costs [6][7]. - Research and development expenses were RMB 24.6 million (US$ 3.4 million), an 8% increase from the same quarter last year [13]. Cash Position - As of March 31, 2025, cash and cash equivalents and restricted cash totaled RMB 113.6 million (US$ 15.7 million), down from RMB 119.5 million as of December 31, 2024 [9]. Future Outlook - For Q2 2025, the company expects total revenue to be between RMB 87.5 million and RMB 90.5 million, representing year-over-year growth of approximately 10% to 14% [10]. Share Repurchase Update - As of March 31, 2025, the company had repurchased a total of 295,179 ADS, with 16,322 ADSs repurchased during Q1 2025 [11]. Company Background - Founded in 2011, Aurora Mobile is a leading provider of customer engagement and marketing technology services in China, focusing on messaging services and digital transformation solutions for enterprises [22].