Gelonghui, April 23 | Xuan Wuyun (02392.HK) announced that for the three months ending March 31, 2024, the total revenue of the Group reached RMB 288.8 million, a year-on-year growth rate of 25.6%. This increase was mainly driven by a 13.7% increase in the number of core customers and an 11.4% increase in average revenue for core customers.

During the review period, the Group focused on the continuous growth of the SaaS business, and the SaaS business segment accounted for more than 50% of total revenue, reaching 55.2% for the first time. The main reason for the revenue growth was that Marketing Cloud's strong business performance in the first quarter. The group separately signed contracts with a number of benchmark customers such as a leading city commercial bank in East China and West China, and a leading insurance agency in East China. At the same time, the company closely followed financial industry policy trends and customer needs, and added an international SMS standardization plug-in to help bank customers develop international SMS standardization services rapidly. The company brought in additional purchases from incremental customers and existing customers. In terms of selling the cloud business, the Group's AI standardized product market is expanding smoothly. At the same time, customer delivery efficiency has been further improved based on localization and integrated operation strategies. AIoT smart freezers have added AI model independent cooperation solutions. In addition, based on customer needs, the Group is also actively developing smart scenarios for bedroom cabinets, thereby further expanding the Group's smart freezer customer base. Furthermore, we adhere to the principles of prudent and prudent cost control, and the company's organizational structure was updated at the end of last year. Our operating expenses continued to decline compared to the same period last year, so the Group's profit loss in the first quarter narrowed, and the results of cost reduction and efficiency were remarkable.