Business
Xuan Wu Cloud Announces 2024 Annual Results
Xuan Wu Cloud Technology Holdings Limited ("Xuan Wu Cloud" or the "Company", together with its subsidiaries, the "Group"; stock code: 2392.HK), a leading local intelligent CRM services provider in China, announced its annual results for the year ended 31 December 2024 on March 26th.
About this update from Xuan Wu Cloud Technology Holdings Limited
[{"type":"text","content":"Achieving a turnaround from loss to profit year-on-year, and committing to high-quality business development with focus on AI + SaaS","length":132,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Net profit attributable to the owners of the Company reached RMB6.9 million, achieving a turnaround from loss to profit year-on-year (all figures in RMB unless stated otherwise)","length":182,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit increased by 2.5% year-on-year to $209.8 million, and gross margin grew by 2.2 percentage points year-on-year","length":122,"tagName":"p"}]},{"val":[{"type":"text","content":"Due to the implementation of various cost-reduction strategies and improvements in operational efficiency, the company's operating expense ratio achieved 17.9%, down by 3.6 percentage points compared to the same period last year","length":232,"tagName":"p"}]},{"val":[{"type":"text","content":"The total number of clients reached 3,056, including 2,282 SaaS clients with steady growth of 7.6% compared to the same period last year","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Completed the full integration with DeepSeek large model, and actively explored the use of AI agents for business scenarios in the vertical domains of mass consumption","length":167,"tagName":"p"}]},{"val":[{"type":"text","content":"Overseas business expansion momentum remained strong, covering multiple countries in Asia, Europe, South America and etc","length":120,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":959,"olType":false},{"type":"text","content":"GUANGZHOU, China, March 26, 2025 /PRNewswire/ -- Xuan Wu Cloud Technology Holdings Limited ("Xuan Wu Cloud" or the "Company", together with its subsidiaries, the "Group"; stock code: 2392.HK), a leading local intelligent CRM services provider in China, announced its annual results for the year ended 31 December 2024 on March 26th.","length":362,"tagName":"p"},{"type":"text","content":"During the reporting period, the Company further improved the overall profitability, through measures such as focusing on high gross-profit businesses, upgrading business brand, expanding new customer segments, and optimising product system, and etc. During the reporting period, the net profit at...