Core Viewpoint - The company reported a decline in revenue for 2024, but significant growth in profit, indicating a shift towards improved profitability despite lower transaction volumes [1][2]. Financial Performance - Total revenue for 2024 was 3.087 billion RMB, a year-on-year decrease of 21.9% [1]. - Net profit reached 73 million RMB, an increase of over 600% compared to the previous year [1]. - Gross profit margin improved from 18.7% in 2023 to 23.6% in 2024 [2]. Business Operations - The company's GPV (Gross Payment Volume) for 2024 was 2.34 trillion RMB, down 19% from 2.88 trillion RMB in the previous year [1]. - The decline in GPV and revenue was attributed to economic fluctuations and a high base effect from the previous year [1]. - The company operates three main business lines: one-stop payment services, in-store e-commerce services, and merchant solutions [2]. Growth Areas - The one-stop payment service remains the core revenue driver, although it experienced a decline [2]. - International business continued to grow rapidly, with transaction volume exceeding 1.1 billion RMB, a nearly fivefold increase year-on-year [2]. - The contribution of value-added services to total revenue increased from 11.8% in 2023 to 13.0% in 2024 [2]. Cost Management - Sales, administrative, and R&D expenses decreased by 11.0%, 10.8%, and 10.5% respectively, with a 20% reduction in related operational costs [3]. - The company attributed these reductions to the widespread application of artificial intelligence across various business lines [3]. Technological Advancements - The AI Lab established in 2017 has been instrumental in deploying AI technologies to enhance operational efficiency and risk management [4]. - The company has developed tools like "Y-Copilot" to improve internal coding practices and "Xiao Ka Assistant" for enhancing customer service and content creation [4]. - Future plans include extending non-payment applications and value-added products to support diversified and international business growth [4].
移卡2024年营收降、利润升，更多业务尝试落地海外