Kunlun(SZ:300418) news flash·2025-04-25 23:25Core Insights - Kunlun Wanwei reported a total revenue of 5.66 billion yuan for the fiscal year 2024, representing a year-on-year growth of 15.2% [1] - The overall gross margin stood at 73.6%, maintaining a high level [1] - The company invested 1.54 billion yuan in R&D, marking a significant increase of 59.5% year-on-year [1] AI Business Performance - The annualized revenue from AI business reached 140 million USD, making it the fastest-growing Chinese AI company in terms of overseas revenue [1] - AI social applications achieved a peak monthly revenue exceeding 1 million USD, contributing to its rapid growth in overseas markets [1] - By the end of March 2025, the annual recurring revenue (ARR) from AI music is projected to be approximately 12 million USD, with a monthly revenue of around 1 million USD [1] - The short drama platform DramaWave is expected to have an ARR of about 120 million USD, with a monthly revenue of approximately 10 million USD, further accelerating AI commercialization [1] Overseas Business Growth - The revenue from overseas operations reached 5.15 billion yuan, reflecting a year-on-year increase of 21.9% [1] - Overseas revenue accounted for 91.0% of the total revenue, indicating a strong reliance on international markets [1]