Core Viewpoint - Weimob Group (02013) reported a mid-year performance for 2025, showing a revenue of approximately 775.5 million RMB, with an adjusted revenue growth of 7.8% year-on-year, marking a significant recovery in profitability since 2021 [1] Financial Performance - Revenue for the first half of 2025 was approximately 775.5 million RMB, with an adjusted revenue of the same amount, reflecting a year-on-year increase of 7.8% [1] - Gross profit reached approximately 582 million RMB, a year-on-year increase of 1.1%, while adjusted gross profit was about 583 million RMB, showing a significant growth of 36.1% [1] - Adjusted net profit was 16.9 million RMB, indicating the first profit since 2021 [1] Business Solutions and Growth - The integrated solutions represented by "Retail + Enterprise WeChat" and "Retail + Enterprise WeChat + Membership" are increasingly recognized by customers, with GMV from clients using the company's smart retail solutions growing by 13.4% year-on-year [1] - The number of accounts with over 100 million RMB GMV increased by 60%, while accounts with over 1 million RMB GMV grew by 34% [1] - The number of multi-account cooperative clients increased by 22.2%, and their revenue grew by 19.3% [1] AI Product Development - The company has been iterating its AI products to help merchants achieve full-process intelligence in store setup, operation management, and marketing, with AI product revenue for the first half of 2025 reaching approximately 34 million RMB [2] - The WAI SaaS product saw a 57% increase in average monthly active merchants compared to the second half of 2024, with significant growth in usage metrics for various AI agents [2] - Cumulative registered users exceeded 110,000, a 139% increase from the end of the previous year, with paid users also increasing, leading to a revenue rise of 172% [2] Collaboration with Tencent - The company maintains close collaboration with the Tencent ecosystem, launching five solutions for "Weimob × WeChat Mini Program" and integrating functionalities to support dual-platform operations [3] - Merchants using the new features experienced an average monthly order growth rate of 27% and a membership growth rate of 26% [3] - Over 300 new merchants have bound to WeChat Mini Programs, with a monthly GMV scale of approximately 50 million RMB and a growth rate of about 100% [3] Multi-Channel Ecosystem Expansion - The company is actively exploring opportunities in the Huawei Harmony ecosystem as a service provider [4] - Weimob Mini Programs have integrated with Douyin group purchase coupons and Meituan, enhancing the redemption capabilities across platforms [4] - Collaborations with Alipay have led to the launch of the "Vibrant Good Price Festival," creating a full-link marketing service for brands [4]