Weimob Inc released its mid-year report for 2024, showing the company facing challenges in the market environment, focusing on core business to reduce costs and improve efficiency, and optimizing business structure. In the first half of 2024, the group's total revenue was RMB 0.867 billion, a 28.3% decrease compared to the same period last year. Gross profit was RMB 0.576 billion, a 29.4% decrease. The net loss for the period was RMB 0.57 billion, a 21.3% increase from the same period last year. The group's operational cash flow was positive, improving from an outflow of approximately RMB 0.66 billion in the same period last year to an inflow of RMB 0.03 billion. As of June 30, 2024, the group's cash and bank deposits balance was approximately RMB 1.772 billion...Show More

Weimob Inc released its mid-year report for 2024, showing the company facing challenges in the market environment, focusing on core business to reduce costs and improve efficiency, and optimizing business structure. In the first half of 2024, the group's total revenue was RMB 0.867 billion, a 28.3% decrease compared to the same period last year. Gross profit was RMB 0.576 billion, a 29.4% decrease. The net loss for the period was RMB 0.57 billion, a 21.3% increase from the same period last year. The group's operational cash flow was positive, improving from an outflow of approximately RMB 0.66 billion in the same period last year to an inflow of RMB 0.03 billion. As of June 30, 2024, the group's cash and bank deposits balance was approximately RMB 1.772 billion. During the reporting period, Weimob Inc covered front-end businesses for merchants in the SaaS business field, including building, marketing, operations, and customer service, and launched the enterprise-level AI large-scale model application product WAI Pro, providing AI application technology to enterprise customers with marketing creation needs. In addition, Weimob Inc maintains close cooperation with Tencent's ecosystem and has won industry awards in multiple fields.