Financial Data and Key Metrics Changes - The company's revenue for Q4 2025 surged to CNY 105.2 million, representing a 13% year-over-year and 16% sequential growth [5] - Gross profit grew by 23% year-over-year and 9% quarter-over-quarter, marking the highest gross profit in the past 16 quarters [6][18] - The company achieved its first-ever full-year GAAP net profit in 2025, concluding the year on a high note [18][24] - Net operating cash inflow reached CNY 35.1 million, the highest since Q4 2020 [6][22] Business Line Data and Key Metrics Changes - Developer subscription services revenue grew by 13% year-over-year and 8% quarter-over-quarter, reaching CNY 61.9 million [10][24] - EngageLab's ARR reached $10 million as of December 2025, representing a remarkable 186% year-over-year growth [11][24] - Value-added services revenue increased by 101% quarter-over-quarter but decreased by 13% year-over-year [10] Market Data and Key Metrics Changes - The number of EngageLab customers increased by 142% year-over-year, reaching 1,641 [11] - EngageLab products are now sold in over 70 countries, with expansion into 18 new countries in Q4 alone [12] Company Strategy and Development Direction - The company plans to continue its expansion path into 2026, focusing on enhancing products and services while maintaining strong financial management [8][25] - The theme for 2026 is "growth acceleration," building on the successes of 2025 [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a solid foundation for growth and readiness to seize global opportunities [7][8] - The company anticipates 2026 full-year revenue guidance in the range of CNY 450 million to CNY 480 million, reflecting a 20%-28% year-over-year growth [25] Other Important Information - The company repurchased 73,000 ADS in Q4 2025, totaling 400,000 ADS since the start of the repurchase program [25] Q&A Session Summary Question: What are the top three things the company has done well to achieve these financial results? - Management highlighted the courage to venture overseas, the monumental shift in product offerings for global markets, and the commitment to excel throughout the organization as key factors for success [27][28][30] Question: How should investors view the run-rate financials for Q1 2026 and beyond? - Management indicated that the company has proven its ability to achieve full-year net profit with positive cash inflow, stable domestic business growth, and that EngageLab will drive significant growth momentum in the coming years [35][36]

Financial Data and Key Metrics Changes - The company's revenue for Q1 2025 reached RMB 89 million, representing a 48% year-over-year growth, marking the highest Q1 revenue since transitioning to a pure SaaS model [6][25] - Gross profit increased by 27% year-over-year, achieving the highest gross profit in the past nine quarters, with gross margin improving by 530 basis points quarter-over-quarter [8][20] - Adjusted EBITDA was positive for the seventh consecutive quarter, indicating sustained operational efficiency [8][27] Business Line Data and Key Metrics Changes - Developer Services revenue grew by 39% year-over-year, with subscription revenue increasing by 26% year-over-year [10][11] - Engage Labs recognized revenue surged by 127% year-over-year, with total contract value exceeding RMB 110 million in Q1 2025 [12][26] - Financial Risk Management recorded its best quarter ever, with revenue of RMB 22.2 million, reflecting a 64% year-over-year growth [7][17] Market Data and Key Metrics Changes - The advertising spending recovery in Q1 contributed to a 269% year-over-year increase in Value Added Services revenue [15] - Market Intelligence revenue decreased by 26% year-over-year, indicating ongoing weakness in demand for Chinese app data [18] Company Strategy and Development Direction - The company aims to invest more resources into the development of its enterprise AI agent platform and its global expansion [9] - The management emphasized the importance of balancing R&D and marketing expenses to sustain growth while aiming for profitability [41][43] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth momentum continuing into the rest of 2025, with Q2 revenue guidance projected between RMB 87.5 million and RMB 90.5 million, reflecting a 10% to 14% year-over-year increase [27][28] - The management acknowledged the need for continued investment in R&D and marketing to maintain competitive advantage and support future growth [41][43] Other Important Information - The company repurchased 16,000 ADS in Q1 2025, with a total of 295,000 ADS repurchased since the start of the program [28] Q&A Session Summary Question: Outlook for EngageLab business after achieving RMB 110 million contract value - Management confirmed the calculation of newly signed contracts and highlighted the ability to win significant contracts globally, though they set realistic expectations for future quarters [31][35] Question: When can the company expect quarterly net profit despite revenue growth? - Management explained that while revenue and gross profit are growing, certain necessary expenses for R&D and marketing are impacting net profit, emphasizing the need for a balance between spending and growth [39][44]

Financial Data and Key Metrics Changes - The company's revenue for Q1 2025 reached RMB 89 million, representing a 48% year-over-year growth, marking the highest Q1 revenue since transitioning to a pure SaaS model [8][28] - Gross profit increased by 27% year-over-year, achieving the highest gross profit in the past nine quarters, with gross margin improving by 530 basis points quarter-over-quarter [9][28] - Adjusted EBITDA was positive for the seventh consecutive quarter, indicating a strong financial performance [9][28] Business Line Data and Key Metrics Changes - Developer Services revenue grew by 39% year-over-year, with subscription revenue increasing by 26% year-over-year [12][28] - Engage Labs recognized revenue grew by 127% year-over-year, with total contract value exceeding RMB 110 million in Q1 2025 [8][14] - Financial Risk Management recorded its highest revenue ever at RMB 22.2 million, growing 64% year-over-year [18][19] Market Data and Key Metrics Changes - The advertising spending recovery in Q1 contributed to a 269% year-over-year increase in Value Added Services revenue [16] - Market Intelligence revenue decreased by 26% year-over-year, reflecting ongoing weakness in demand for Chinese app data [21] Company Strategy and Development Direction - The company aims to invest more resources into the development of its enterprise AI agent platform and its global expansion [10] - The management emphasized the importance of balancing R&D and marketing expenses to sustain growth while aiming for profitability [45][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth momentum continuing into the rest of 2025, with Q2 revenue guidance projected between RMB 87.5 million to RMB 90.5 million, reflecting a 10% to 14% year-over-year increase [30][29] - The management acknowledged the need for continued investment in R&D and marketing to maintain competitive advantage and support future growth [43][45] Other Important Information - The company repurchased 16,000 ADS in Q1 2025, with a total of 295,000 ADS repurchased since the start of the program [31] Q&A Session Summary Question: Outlook for EngageLab business after achieving RMB 110 million contract value - Management confirmed the calculation of newly signed contracts and highlighted the ability to win significant contracts globally, though they set realistic expectations for future contract values [34][38] Question: When can the company expect quarterly net profit despite revenue growth? - Management explained that while revenue and gross profit are growing, certain expenses are necessary for continued growth, and profitability will come as the business scales [41][46]