Understanding the Market | WEIMOB INC surged over 9% during trading, Deutsche Bank stated that AI and WeChat Mini Stores provide the company with long-term substantial opportunities

Zhitong
2025.04.10 05:45

WEIMOB INC surged over 9% during the session, and as of the time of writing, it rose 6% to HKD 1.59, with a transaction volume of HKD 165 million. In terms of news, WEIMOB INC previously announced its 2024 performance, achieving revenue of approximately RMB 1.339 billion, gross profit of approximately RMB 596 million, and an adjusted net loss of approximately RMB 533 million, a year-on-year narrowing of 3%. The company is actively exploring the integration of AI technology with its core business, and WEIMOB WAI has successfully connected with over 10 large model platforms, including DeepSeek, Tencent Mix, and Tongyi Qianwen, and is laying out a matrix of 15 AI Agent products targeting industries such as e-commerce and retail. Deutsche Bank pointed out that looking ahead to this year, management believes that as the impact of business adjustments gradually fades, SaaS business revenue is expected to bottom out and rebound, and revenue from merchant solutions is expected to resume strong growth, as the impact of declining advertising rebates will be passed on to advertisers. More importantly, the growth of AI development and WeChat Mini Stores provides the company with long-term substantial opportunities. The bank predicts that WEIMOB INC's total revenue will grow by 20% year-on-year this year, with operating cash flow and adjusted net profit expected to continue to record year-on-year growth

According to Zhitong Finance APP, WEIMOB INC (02013) rose over 9% during the trading session, and as of the time of writing, it has increased by 6%, trading at HKD 1.59, with a transaction volume of HKD 165 million.

In terms of news, WEIMOB INC previously announced its 2024 performance, achieving revenue of approximately RMB 1.339 billion, gross profit of approximately RMB 596 million, and an adjusted net loss of approximately RMB 533 million, a year-on-year narrowing of 3%. The company is actively exploring the integration of AI technology with its core business, and WEIMOB WAI has successfully connected with over 10 major model platforms, including DeepSeek, Tencent Hunyuan, and Tongyi Qianwen, and is deploying a matrix of 15 AI Agent products targeting industries such as e-commerce and retail.

Deutsche Bank pointed out that looking ahead to this year, management believes that as the impact of business adjustments gradually fades, SaaS business revenue is expected to bottom out and rebound, while revenue from merchant solutions is expected to recover strong growth, as the impact of declining advertising rebates will be passed on to advertisers. More importantly, the growth of AI development and WeChat Mini Stores provide the company with long-term substantial opportunities. The bank predicts that WEIMOB INC's total revenue will grow by 20% year-on-year this year, with operating cash flow and adjusted net profit expected to continue recording year-on-year growth

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.