多点数智:FY25 review: investing in AI to drive dual growth in revenue and profitability-20260320

20 Mar 2026 CMB International Global Markets | Equity Research | Company Update Dmall Inc (2586 HK) Dmall Inc (2586 HK) - FY25 FY25 review: investing in AI to drive dual profitability growth in revenue and profitability Dmall announced FY25 results: total revenue grew by 20% YoY to RMB2.23bn, largely in line with our estimate; adjusted net profit increased by 583% YoY to RMB203mn, ahead of our estimate of RMB134mn, thanks to the operating leverage and effective cost control. The company leverages AI to driv ...