Xuanwu Cloud (02392.HK) stock is soaring 5% in the pre-market trading session on Thursday, following the release of its impressive 2024 annual results. The company, a leading local intelligent CRM services provider in China, announced a significant turnaround from loss to profit, demonstrating the success of its strategic focus on AI + SaaS.
According to the financial report, Xuanwu Cloud achieved a net profit attributable to the owners of the Company of RMB6.9 million, marking a remarkable turnaround from the previous year's loss. The company's gross profit increased by 2.5% year-on-year to RMB209.8 million, with the gross margin growing by 2.2 percentage points. Notably, the SaaS segment, which offers higher gross profit margins, saw its revenue increase by 23.8% to RMB731.9 million, accounting for 63.6% of total revenue.
Investors are particularly encouraged by Xuanwu Cloud's strategic initiatives, including the full integration with the DeepSeek large model and the exploration of AI agents for business scenarios in mass consumption vertical domains. The company's focus on product standardization, refined management, and business globalization, coupled with its commitment to AI-driven innovation, positions it well for continued growth in the competitive CRM market.
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