Financial Performance - Pro forma revenue for the year ended December 31, 2023, was RMB 424,016 thousand, a decrease of 1.4% compared to RMB 430,636 thousand in 2022 [537]. - Adjusted net loss for 2023 was RMB 277,634 thousand, compared to RMB 522,610 thousand in 2022, reflecting a 46.8% improvement [544]. - Adjusted net loss margin improved to 65.5% in 2023 from 121.4% in 2022 [544]. - Adjusted EBITDA for 2023 was RMB (260,413) thousand, an improvement from RMB (510,995) thousand in 2022 [547]. - Adjusted EBITDA margin improved to 61.4% in 2023 from 118.7% in 2022 [547]. - The company incurred a net loss of RMB 229,838 thousand for the year ended December 31, 2023, compared to RMB 640,295 thousand in 2022 [547]. - Adjusted net loss for 2023 was RMB 277.6 million, a decrease from RMB 522.6 million in 2022, representing a 47% improvement [544]. - Adjusted EBITDA for 2023 was RMB 260.4 million, compared to RMB 511.0 million in 2022, indicating a 49% reduction in losses [547]. - Net loss narrowed to RMB 92.1 million (US$12.6 million) in 2024, compared to a net loss of RMB 229.8 million in 2023 [533]. Revenue and Customer Metrics - Total revenues for the company were RMB430.6 million, RMB424.0 million, and RMB331.2 million (US$45.4 million) for 2022, 2023, and 2024, respectively, with corporate learning solutions accounting for 98.5%, 97.1%, and 98.3% of total revenues [498][500]. - The number of subscription customers decreased from 3,439 in 2022 to 2,405 in 2024, with a net revenue retention rate of 118.1%, 101.4%, and 100.9% for the same years, reflecting a shift towards larger enterprises [496][497]. - Subscription revenues for 2024 decreased to RMB301.8 million (US$41.3 million), representing 91.1% of total revenues, down from RMB347.8 million in 2023 [508]. - Non-subscription revenues fell to RMB23.8 million (US$3.3 million) in 2024, accounting for 7.2% of total revenues, a significant drop from RMB64.0 million in 2023 [508]. - Revenues from corporate learning solutions decreased by 20.9% to RMB325.6 million (US$44.6 million) in 2024 [519]. Cash Flow and Liquidity - As of December 31, 2024, the company had cash and cash equivalents of RMB 417.9 million (US$57.3 million) [558]. - The company expects current cash and anticipated cash flow from operations to meet cash needs for at least the next 12 months [558]. - Net cash used in operating activities was RMB257.0 million in 2023, with a net loss of RMB229.8 million [562]. - Net cash used in operating activities was RMB211.7 million (US$29.0 million) for the year ended December 31, 2024, with a net loss of RMB92.1 million (US$12.6 million) [560]. - Net cash generated from financing activities was RMB241.9 million in 2023, primarily due to proceeds from borrowings of RMB269.8 million [568]. - Net cash generated from financing activities was RMB173.7 million (US$23.8 million) in 2024, primarily from proceeds of short-term borrowings of RMB110.0 million (US$15.1 million) and long-term borrowings of RMB138.0 million (US$18.9 million) [567]. - The outstanding balance of borrowings as of December 31, 2024, was RMB288.5 million (US$39.5 million), with a weighted average interest rate of approximately 3.68% [571]. Operating Expenses and Investments - Operating expenses totaled RMB863.1 million, RMB563.8 million, and RMB398.7 million (US$54.6 million) for 2022, 2023, and 2024, with sales and marketing expenses accounting for 80.1%, 57.6%, and 43.5% of total revenues [507]. - Capital expenditures for the company were RMB18.7 million, RMB5.6 million, and RMB1.7 million (US$0.2 million) for the years 2022, 2023, and 2024, respectively, indicating a focus on growth through investment [574]. - The company allocates a substantial portion of operating expenses to research and development to fuel growth and innovation [578]. - Research and development expenses decreased by 34.2% from RMB176.5 million in 2023 to RMB116.1 million (US$15.9 million) in 2024, accounting for 35.1% of total revenues [510]. - General and administrative expenses decreased by 3.1% to RMB138.4 million (US$19.0 million) in 2024, representing 41.8% of total revenues [512]. Taxation and Financial Strategy - The company is not subject to income or capital gains tax in the Cayman Islands, where it is incorporated [548]. - The PRC enterprise income tax rate is generally 25%, but certain subsidiaries benefit from a reduced rate of 15% as "High-tech Enterprises" [550]. - The company may benefit from a reduced withholding tax rate of 5% on dividends received from PRC subsidiaries, subject to meeting specific conditions [552]. - The company has tax planning strategies in place to mitigate potential unfavorable tax consequences related to its operations in China [555]. - The company has not entered into any financial guarantees or derivative contracts that could impact its financial obligations, indicating a conservative financial strategy [575]. Operational Efficiency and Future Outlook - The company aims to optimize its product offering mix to enhance profitability, focusing on subscription-based corporate learning solutions with self-developed content [491]. - The company expects to benefit from economies of scale and improved operational efficiency, which should lead to a decrease in costs as a percentage of revenues in the long run [503]. - The company plans to continue investing in research and development to enhance its technology capabilities and expand its content library, which may incur significant upfront costs [492].

SUZHOU, China, April 02, 2025 (GLOBE NEWSWIRE) -- YXT.com Group Holding Limited (NASDAQ:YXT) ("YXT.com" or the "Company"), a provider of AI-enabled enterprise productivity solutions, today announced that it has successfully completed a strategic rebranding initiative, adopting the "Radnova" name for its potential international operations. YXT.com operates its business in China through Jiangsu Radnova Intelligence Technology Co., Ltd. (formerly Jiangsu Yunxuetang Network Technology Co., Ltd.). The "Radnova" ...

2025年3月27日，云学堂举行战略焕新发布会。 云学堂董事长、CEO卢睿泽在发布会上宣布，云学堂正式更名为绚星智慧科技（Radnova），，并发布全新AI战略和产品。 在卢睿泽看来，过去几年AI技术发展迅猛，算法和硬件技术不断进步。AI模型训练成本大幅降低，推理能力却呈指数级增强。AI技术正以前 所未有的速度赋能各个行业，未来将会成为像水、电一样的基础设施。 他指出，在企业智能化转型进程中，人与AI的协同关系将是提升生产力的关键。未来越来越多的工作将以人机协同的方式开展。 因此，卢睿泽建议，企业应通过构建AI工作助手来提高岗位工作效率，并建立业务智能体以增强整体业务效率。他指出，2025年是企业智能 化的元年，这其中蕴含着巨大的市场潜力，企业服务市场将迎来剧烈变革。 据麦肯锡等多份权威报告显示，AI Agent市场呈爆发式增长态势，2024年全球AI Agent市场规模约为51亿美元，预计2030年将飙升至471亿美 元，复合年增长率高达44.8%。 自2011年成立以来，云学堂深耕企业服务赛道，累计服务2500+家行业大客户，成长为数字化学习领域的领导者，并于2024年8月在纳斯达克 上市，是目前唯一一家 ...

YXT.COM Group Holding (YXT) Q4 2024 Earnings Conference Call March 28, 2025 01:40 AM ET Company Participants Peter Lu - Director, Founder, Chairman & CEOPun Leung Liu - Director & CFO Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to yxt.com Earnings Conference Call. At this time, all participants are in a listen only mode. Please note that today's event is being recorded. Joining us today is Yext's CEO, Director, Founder and Chairman, Mr. Xiaoyang Liu, a ...

卢睿泽表示，无论是之前的云学堂还是今天的绚星智慧科技，十四年来一直以科技驱动人与组织共同进步为使命，围绕着企业的核心资产"人"提供服务，致 力于帮助企业提升人与组织的能力。未来，绚星智慧科技将以人力资源科技为根基，横向拓展服务企业智能生产力建设。此次战略升级也标志着绚星智慧科 技从数字化学习领军者向AI科技企业的全面进化。 卢睿泽指出，在企业智能化转型进程中，人与AI的协同关系将是提升生产力的关键。未来越来越多的工作将以人机协同的方式开展，AI与人的能力将相互 促进，人与AI将形成双螺旋共生关系。企业构建人和 AI 两支生产力、协同工作已成为不可阻挡的时代趋势。AI 工作助手成为确定的企业智能化转型路径， 企业需构建智能体建设和资源管理能力。 因此，卢睿泽建议，企业应通过构建AI工作助手来提高岗位工作效率，并建立业务智能体以增强整体业务效率。他指出，2025年是企业智能化的元年，这 其中蕴含着巨大的市场潜力，企业服务市场将迎来剧烈变革。 【环球网科技综合报道】3月27日，云学堂董事长、CEO卢睿泽在2025云学堂战略焕新发布会上宣布，云学堂正式更名为绚星智慧科技（Radnova），并发 布全新AI战略和产品。 ...

智能人才管理采用AI原生技术深度重构八大核心模块：人才盘点、岗位建模、智能测评、学习路径规 划、知识体系构建、课程开发、实战对练及智能考评系统，形成覆盖人才发展全周期的数字化管理闭 环。实测数据显示，升级后的系统可使企业人才管理效率提升67%。 新浪科技讯 3月28日上午消息，昨日，云学堂董事长、CEO卢睿泽宣布，云学堂正式更名为绚星智慧科 技（Radnova），公司定位为企业智能生产力建设服务商，专注于推动企业组织与生产力的智能化革 新。 卢睿泽表示，无论是之前的云学堂还是今天的绚星智慧科技，十四年来一直以科技驱动人与组织共同进 步为使命，围绕着企业的核心资产"人"提供服务，致力于帮助企业提升人与组织的能力。未来，绚星智 慧科技将以人力资源科技为根基，横向拓展服务企业智能生产力建设。此次战略升级也标志着绚星智慧 科技从数字化学习领军者向AI科技企业的全面进化。 据悉，自2011年成立以来，云学堂深耕企业服务赛道，累计服务2500+家行业大客户，并于2024年8月 在纳斯达克成功上市。卢睿泽表示，目前AI技术已渗透云学堂90%核心岗位，帮助岗位员工显著提升工 作效率提升组织人效。 值得注意的是，绚星智慧科技推 ...

SUZHOU, China, March 28, 2025 (GLOBE NEWSWIRE) -- YXT.com Group Holding Limited (NASDAQ: YXT) (“YXT.com” or the “Company”), a provider of AI-enabled enterprise productivity solutions, today announced its unaudited financial results for the full year ended December 31, 2024 and a US$10 million Share Repurchase Program. Financial Highlights for the Full Year of 2024 Total revenues were RMB331.2 million (US$45.4 million) for the full year of 2024, compared with RMB424.0 million in the prior year. On the pro fo ...

SUZHOU, China, March 21, 2025 (GLOBE NEWSWIRE) -- YXT.com Group Holding Limited (NASDAQ: YXT) (“YXT.com” or the “Company”), a leader and disruptor of the digital corporate learning industry in China, today announced that it plans to report its financial results for the full year ended December 31, 2024, after the U.S. market closes on March 27, 2025. The Company’s management team will hold a conference call at 9:00 P.M. U.S. Eastern Time on Thursday, March 27, 2025 (or 9:00 A.M. Beijing Time on Friday, Marc ...

SUZHOU, China, Jan. 07, 2025 (GLOBE NEWSWIRE) -- YXT.com Group Holding Limited (NASDAQ: YXT) (“YXT.com” or the “Company”), a leader and disruptor of the digital corporate learning industry in China, today announced its growing enterprise market penetration with the successful completion of a major talent development transformation for a Fortune 500 global infrastructure company. This implementation marks YXT's continued expansion in the high-growth enterprise digital learning market. The five-month implemen ...

SUZHOU, China, Dec. 17, 2024 (GLOBE NEWSWIRE) -- YXT.com Group Holding Limited ("YXT.com" or the "Company"), a leader and disruptor of the digital corporate learning industry in China, today announced a partnership with a leading domestic automotive brand, successfully facilitating the brand's digital transformation through innovative digital learning solutions. This collaboration has pioneered a new model of livestream sales in the automotive industry. The collaboration helped address critical challenges f ...