Weimob Inc
HKEX:2013
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Weimob Inc
HKEX:2013
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CN |
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Panca Budi Idaman Tbk PT
IDX:PBID
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ID |
Weimob Inc
Weimob, Inc. is an investment holding company, which engages in the provision of cloud-based commerce and marketing solutions. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2019-01-15. The firm provides a variety of commerce and marketing solutions to customers through its SaaS products offerings and targeted marketing services. The Company’s SaaS products are primarily categorized into three cloud service offerings, namely Commerce Cloud, Marketing Cloud and Sales Cloud. Commerce Cloud primarily comprises Wei Mall, Ke Lai Dian and Smart Restaurant. Marketing Cloud primarily comprises Wei Station (and its predecessors), Wei Forms and Marketing Assistant. Sales Cloud primarily comprises Sales Pusher. The firm mainly conducts its business in the domestic market.
Weimob, Inc. is an investment holding company, which engages in the provision of cloud-based commerce and marketing solutions. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2019-01-15. The firm provides a variety of commerce and marketing solutions to customers through its SaaS products offerings and targeted marketing services. The Company’s SaaS products are primarily categorized into three cloud service offerings, namely Commerce Cloud, Marketing Cloud and Sales Cloud. Commerce Cloud primarily comprises Wei Mall, Ke Lai Dian and Smart Restaurant. Marketing Cloud primarily comprises Wei Station (and its predecessors), Wei Forms and Marketing Assistant. Sales Cloud primarily comprises Sales Pusher. The firm mainly conducts its business in the domestic market.
Revenue: Reported first half 2025 revenue was RMB 780 million, down 10.6%, but adjusted revenue (excluding rebate policy impacts) rose 7.8% year-on-year.
Profitability: Achieved a significant turnaround with adjusted EBITDA of RMB 72 million and adjusted net profit of RMB 17 million, marking the first positive result since 2021.
Gross Profit & Margins: Gross profit climbed to RMB 750 million with strong gross margin recovery, especially in Merchant Solutions which reached 91%.
AI Revenue: AI-related revenue reached RMB 34 million in the first half, accounting for 7.9% of subscription revenue and growing rapidly month-on-month.
Cost Control: Significant reduction in operating expenses, with staff costs down 24.5% and overall cost efficiency improvements.
Business Model Shift: Continued exit from low-margin and high-risk businesses, focusing on high-quality and high-margin offerings.
Outlook: Management expressed confidence in continued revenue and profit growth in the second half, with AI and international expansion highlighted as key growth drivers.
