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LISHUI, China, March 29, 2025 /PRNewswire/ -- Plant a grain of rice in spring, and harvest thousands of seeds in autumn. On March 11, employees from STATE GRID ZHEJIANG ELECTRIC POWER CO., LTD visited the grain planting base in Yushang Township, Qingyuan County, to inspect agricultural power lines and equipment, ensuring adequate electricity for spring farming and irrigation, and helping farmers increase production and income. In the seedling factory, the seedling production line is running efficiently, with the sounds of machinery echoing. In the fields, rows of greenhouses are neatly arranged, and farmers are busy in small groups, enjoying the warm spring sunlight. The cheerful faces and the red vests moving through the greenery make for a beautiful spring scene, marking the busy farming season. Yushang Township, located in the southwest of Qingyuan, has favorable geographical conditions and has long been known as the "grain warehouse of Qingyuan." Over the years, Yushang has leveraged its geographical advantages to accelerate the development of modern agriculture, building high-standard grain production bases. With the arrival of spring, the base has gradually regained vitality, and farmers are busy preparing for the upcoming harvest. Proactive Service, Close Engagement with Farmers Since March, in order to ensure smooth electricity supply for spring plowing and planting, STATE GRID ZHEJIANG ELECTRIC POWER CO., LTD took early action and made early arrangements. The company organized employees to go deep into the fields, inspecting transformers and power supply equipment related to spring farming. They checked electrical lines for greenhouses, leakage protectors, water pumping motors, and replaced substandard switches, sockets, and damaged wires to eliminate potential electrical hazards. At the same time, the company tailored its services to the electricity usage conditions of the planting base, teaching farmers energy-saving tips, promoting electricity price policies, and providing guidance on safe and scientific electricity use. They patiently instructed customers to download the "State Grid" app, providing "online" one-click electricity services, and opened a green channel for spring farming electricity, simplifying procedures for agricultural electricity applications and capacity increases. The company also arranged for 24-hour emergency repair services, ensuring that any faults were dealt with promptly to help farmers resolve electrical issues in spring farming and irrigation. "Since we started using greenhouses for planting, irrigation, heating, and ventilation all rely on a stable electricity supply. The power supply company regularly visits us to check our electricity usage, which gives us peace of mind. Now, power equipment failures and circuit breaker trips have decreased, and the electricity supply is much more stable," said Wu Xinghua, the manager of the greenhouse base, happily. "We are planning to expand the planting scale next!" In the next phase, STATE GRID ZHEJIANG ELECTRIC POWER CO., LTD will continue to provide high-quality, convenient, fast, and efficient services for spring irrigation and plowing. The company will implement various power supply guarantee measures in detail, ensuring that "electricity reaches the fields and services reach the farmers," and removing obstacles to the "last mile" of power supply services.
In full year 2024, achieved ₩1,956 billion in consolidated revenue and ₩91 billion in operating profit Strong performance across all business segments, driven by user growth and engagement on the Superapp — now focused on profitable growth SEOUL, South Korea, March 28, 2025 /PRNewswire/ -- Viva Republica, the operator of financial Superapp "Toss," announced its financial results for the full year 2024, reporting record-high revenue on a consolidated basis, while also achieving first-ever annual net profit in its history. Consolidated revenue was ₩1,956 billion, up 43% year-over-year. The growth was driven by an expanding user base and its increasing engagement on the Superapp, as well as strong performance across all Consumer services, including Toss Pay, Ads, Trading, Financial Marketplace, and E-commerce. Under its Superapp strategy, Toss continues to offer competitive products across all business segments, generating strong synergy among products. Leveraging its platform-based business model, Toss was also able to rapidly accelerate the growth of its business customer count across advertisers, merchants, sellers, financial institutions, and more. Consolidated operating profit came in at ₩91 billion and net profit at ₩21 billion, marking the company's first full-year of net profitability. This was driven by increased contribution of high-margin Consumer services, as well as the operating leverage Toss has built over the years — a key characteristic it will continue to benefit from as its platform business scales. As of the end of 2024, the number of Monthly Active Users (MAU) on the Toss Superapp reached 25 million (based on WiseApp data), representing a 29% increase year-over-year. The expanding user base led to higher user engagement across all key Consumer services. On a standalone basis, Toss recorded ₩587 billion in revenue—which represents a strong year-over-year growth of 75%. It posted operating profit of ₩12 billion and net profit of ₩48 billion — achieving its first-ever full-year net profit on a standalone basis. "Our achievements this year are a result of the priority shift towards monetization of our platform business. Toss has now structurally transitioned into a stable business generating recurring profit." said SG Lee, CEO of Toss. "Well rounded growth across all business segments and expanding user base have created a two sided growth flywheel, laying the foundation for profitable growth. We've just begun our journey in driving financial growth with business customers and going forward, we will continue to focus on both growth and profitability through user-centric product innovation and platform expansion."
15 Million USD Expected from China Mobile Collaboration Under 5G New Call Initiative SHANGHAI, March 26, 2025 /PRNewswire/ -- Jinxin Technology Holding Company (Nasdaq: NAMI), a leading provider of AI-driven digital content and interactive communication technologies, today announced its financial guidance for the fiscal year 2025, projecting total revenue of 70 Million USD, fueled by strong growth across its AI-powered product portfolio and strategic partnerships. A key driver of this performance is the Company's deepening collaboration with China Mobile. Through their joint 5G New Call initiative, Jinxin Technology expects to generate over 100 million RMB in revenue and serve more than 5 million paying users in 2025. This partnership continues to scale rapidly across China, transforming traditional voice and video calling through the integration of AI-powered digital humans and big data-enhanced interactive services. "Our 2025 financial targets reflect strong momentum across multiple business lines, including digital education, interactive entertainment, and next-generation communication technologies," said Jin Xu, CEO of Jinxin Technology. "While our collaboration with China Mobile is a major catalyst, we are also scaling other high-growth segments that will contribute to our 70 Million USD revenue goal." In 2024, Jinxin Technology gained significant traction by launching its 5G digital human services across 20+ provinces, reaching over 1.3 million paying users and generating more than 3 million USD in revenue. Looking ahead to 2025, the Company plans to extend its presence nationwide and deepen AI integration across its platform and services. About Jinxin Technology Holding Company Headquartered in Shanghai, China, Jinxin Technology Holding Company is an innovative provider of digital-content products and services in China. Leveraging a powerful digital content generation engine powered by advanced AI, AR, VR, and digital human technologies, the Company is committed to offering high-quality digital content services through both its own platform and the content distribution channels of its strong partners. Currently, the Company primarily targets K-9 students in China, specializing in providing digital and integrated educational content. Jinxin Technology plans to expand its service offerings to deliver premium and engaging digital content to a broader age range. The Company collaborates with leading textbook publishers in China, providing digital versions of mainstream textbooks used in primary and middle schools. Its AI-generated content technology enables the development of interactive, intelligent, and entertaining learning experiences. Jinxin Technology distributes its digital content primarily through: - Namibox, its flagship learning app - Telecom and broadcast operators - Third-party devices embedded with Jinxin's content For more information, please visit the Company's website at https://ir.namibox.com. Safe Harbor Statements This press release contains statements that constitute "forward-looking" statements under the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including but not limited to statements about the Company's beliefs, plans, and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "target," "aim," "future," "intend," "plan," "believe," "estimate," "likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (SEC), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. For Investor and Media Inquiries, Please Contact:Jinxin Technology Holding CompanyInvestor Relations Department Email: ir@namibox.com
BEIJING, March 26, 2025 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the quarter and fiscal year ended December 31, 2024. Management Commentary Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, remarked, "In Q4, our total revenue accelerated robustly, demonstrating our commitment to high-quality growth and ongoing business turnaround. With the momentum of LLMs, we entered 2025 with tremendous opportunities, including the upcoming launch of AgentOS, our next-generation voice interaction system for service robots, which further strengthens our leadership in voice-enabled robotics. By focusing on scalable robotics solutions and leveraging our strong product technology, we are well-positioned to become a top 3 service robot provider globally within three years. Meanwhile, our legacy Internet business continues to drive strong revenue growth and margin expansion on a year-over-year basis, providing a solid foundation for our AI and robotics investments." Mr. Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "In Q4, our revenue once again accelerated year-over-year, and we reduced our non-GAAP operating losses quarter-over-quarter. Furthermore, Q4 was the first quarter in which we reduced our non-GAAP operating losses on a year-over-year basis since 4Q 2022. These improvements reflect our continued business progress since Q1 2024. Additionally, we delivered strong cash flow this quarter. Looking ahead, we remain focused on driving revenue growth while working towards breakeven and profitability. At the same time, we will continue to manage our net cash position with discipline." Fourth Quarter 2024 Financial Highlight Total revenues grew by 41.7% year-over-year and 23.4% quarter-over-quarter, accelerating to RMB237.1 million (US$32.5 million) in the fourth quarter of 2024. Gross profit increased by 74.4% year-over-year and 32.5% quarter-over-quarter, to RMB172.8 million (US$23.7 million) in the fourth quarter of 2024. Non-GAAP gross profit rose by 73.8% year-over-year and 32.1% quarter-over-quarter to RMB172.3 million (US$23.6 million). Operating loss in the fourth quarter of 2024 was RMB207.1 million (US$28.4 million), compared to RMB60.9 million in the same period of last year and RMB72.0 million in the previous quarter. Non-GAAP operating loss in the fourth quarter of 2024 improved to RMB42.5 million (US$5.8 million) from RMB49.1 million in the same period of last year and RMB60.5 million in the previous quarter. Net loss attributable to Cheetah Mobile Shareholders was RMB366.8 million (US$50.2 million), compared to RMB301.2 million in the same period of last year. Non-GAAP net loss attributable to Cheetah Mobile shareholders was RMB202.1 million (US$27.7 million), compared to RMB289.4 million in the same period of last year. Cash flow generated by operating activities was RMB283.0 million (US$38.8 million) in the fourth quarter of 2024. As of December 31, 2024, the Company had cash and cash equivalents of RMB1,833.0 million (US$251.1 million), ensuring strong liquidity. As of December 31, 2024, the Company had long-term investments of RMB817.3 million (US$112.0 million). Fiscal Year 2024 Financial Highlight Total revenues grew by 20.5% year-over-year to RMB806.9 million (US$110.5 million) in 2024. Gross profit rose by 24.6% year-over-year to RMB545.2 million (US$74.7 million). Non-GAAP gross profit rose by 24.5% year-over-year to RMB545.3 million (US$74.7 million). Operating loss was RMB437.3 million (US$59.9 million) in 2024, compared to RMB209.8 million in 2023. Non-GAAP operating loss was RMB231.8 million (US$31.8 million) in 2024, compared to RMB171.9 million in 2023. Net loss attributable to Cheetah Mobile shareholders was RMB617.6 million (US$84.6 million), compared to RMB602.9 million in 2023. Non-GAAP net loss attributable to Cheetah Mobile shareholders improved to RMB412.1 million (US$56.5 million) in 2024 from RMB564.9 million in 2023. Conference Call Information The Company will hold a conference call on March 26, 2025, at 7:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time) to discuss its financial results. Listeners may access the call by dialing the following numbers: Main Line:International: 1-412-317-6061United States Toll Free: 1-888-317-6003Mainland China Toll Free: 4001-206115Hong Kong Toll Free: 800-963976Conference ID: 5690589 English Translation:International: 1-412-317-6061United States Toll Free: 1-888-317-6003Mainland China Toll Free: 4001-206115Hong Kong Toll Free: 800-963976Conference ID: 0936457 A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cmcm.com. Exchange Rate This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB7.2993 to US$1.00, the exchange rate in effect as of December 31, 2024, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America ("U.S. GAAP"). About Cheetah Mobile Inc. Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has attracted hundreds of millions of users through an array of internet products and services on PCs and mobile devices. At the same time, it actively engages in the independent research and development of AI technologies, including LLM technologies. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform to companies globally, as well as service robots to international clients. Cheetah Mobile is also committed to leveraging its cutting-edge AI technologies, including LLM technologies, to empower its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014. Safe Harbor Statement This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. Use of Non-GAAP Financial Measures This release contains non-GAAP financial measures, including but not limited to: Non-GAAP cost of revenues excludes share-based compensation expenses; Non-GAAP gross profit excludes share-based compensation expenses; Non-GAAP gross margin excludes share-based compensation expenses; Total non-GAAP operating expenses exclude share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions; Non-GAAP research and development expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions; Non-GAAP selling and marketing expenses exclude share-based compensation expenses and amortization of intangible assets resulting from business acquisitions; Non-GAAP general and administrative expenses exclude share-based compensation expenses; Non-GAAP operating profit/loss excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions; Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions; Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions; and Non-GAAP adjusted EBITDA represents net loss attributable to Cheetah Mobile shareholders excluding share-based compensation, interest income, depreciation and amortization, impairment of goodwill, net income attributable to noncontrolling interests, other income/expenses, net and income tax expenses/benefits. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results". Investor Relations Contact Helen Jing ZhuCheetah Mobile Inc.Tel: +86 10 6292 7779Email: ir@cmcm.com CHEETAH MOBILE INC. Condensed Consolidated Balance Sheets (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$")) As of December 31, 2023 December 31, 2024 RMB RMB USD ASSETS Current assets: Cash and cash equivalents 2,020,191 1,833,031 251,124 Short-term investments 1,023 335 46 Accounts receivable, net 401,064 473,619 64,886 Prepayments and other current assets, net 973,127 1,365,761 187,108 Due from related parties, net 71,505 106,934 14,650 Total current assets 3,466,910 3,779,680 517,814 Non-current assets: Property and equipment, net 53,884 51,564 7,064 Operating lease right-of-use assets 30,451 26,323 3,606 Intangible assets, net 218,559 190,665 26,121 Goodwill 576,989 424,099 58,101 Long-term investments 937,460 817,330 111,974 Deferred tax assets 188,503 128,581 17,616 Other non-current assets 160,428 86,059 11,790 Total non-current assets 2,166,274 1,724,621 236,272 Total assets 5,633,184 5,504,301 754,086 LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY Current liabilities: Bank loans 5,000 - - Accounts payable 170,185 219,566 30,080 Accrued expenses and other current liabilities 2,437,210 2,756,805 377,681 Due to related parties 84,147 69,606 9,536 Income tax payable 31,603 35,804 4,905 Total current liabilities 2,728,145 3,081,781 422,202 Non-current liabilities: Deferred tax liabilities 54,540 43,046 5,897 Other non-current liabilities 189,943 172,348 23,612 Total non-current liabilities 244,483 215,394 29,509 Total liabilities 2,972,628 3,297,175 451,711 Mezzanine equity: Redeemable noncontrolling interests 105,978 189,725 25,992 Shareholders' equity: Ordinary shares 244 248 34 Additional paid-in capital 2,711,875 2,722,504 372,982 Accumulated deficit (613,102) (1,232,575) (168,862) Accumulated other comprehensive income 356,854 410,421 56,227 Total Cheetah Mobile Inc. shareholders' equity 2,455,871 1,900,598 260,381 Noncontrolling interests 98,707 116,803 16,002 Total shareholders' equity 2,554,578 2,017,401 276,383 Total liabilities, mezzanine equity and shareholders' equity 5,633,184 5,504,301 754,086 CHEETAH MOBILE INC. Condensed Consolidated Statements of Comprehensive Loss (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for number of shares and per share(or ADS) data) For The Three Months Ended For The Year Ended December 31, 2023 December 31, 2024 December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2024 RMB RMB USD RMB RMB USD Revenues 167,314 237,089 32,481 669,503 806,877 110,541 Internet business 107,711 160,152 21,941 450,134 517,188 70,854 AI and others 59,603 76,937 10,540 219,369 289,689 39,687 Cost of revenues (a) (68,243) (64,317) (8,811) (231,940) (261,682) (35,850) Gross profit 99,071 172,772 23,670 437,563 545,195 74,691 Operating income and expenses: Research and development (a) (39,584) (65,506) (8,974) (178,207) (243,391) (33,344) Selling and marketing (a) (56,746) (104,851) (14,365) (242,511) (342,421) (46,911) General and administrative (a) (63,502) (56,281) (7,710) (229,549) (244,385) (33,481) Impairment of goodwill - (152,890) (20,946) - (152,890) (20,946) Other operating (expense)/ income, net (186) (377) (52) 2,867 637 87 Total operating income and expenses (160,018) (379,905) (52,047) (647,400) (982,450) (134,595) Operating loss (60,947) (207,133) (28,377) (209,837) (437,255) (59,904) Other income/(expenses): Interest income, net 15,828 9,862 1,351 60,978 44,422 6,086 Foreign exchange gains/ (losses) 17,408 (32,236) (4,416) (11,421) (21,726) (2,976) Other expense, net (321,244) (82,300) (11,275) (477,370) (139,769) (19,148) Loss before taxes (348,955) (311,807) (42,717) (637,650) (554,328) (75,942) Income tax benefits/ (expenses) 47,760 (51,064) (6,996) 43,781 (47,258) (6,474) Net loss (301,195) (362,871) (49,713) (593,869) (601,586) (82,416) Less: net income attributable to noncontrolling interests 18 3,913 536 9,029 15,971 2,188 Net loss attributable to Cheetah Mobile shareholders (301,213) (366,784) (50,249) (602,898) (617,557) (84,604) Net loss per share Basic (0.2046) (0.2438) (0.0334) (0.4095) (0.4161) (0.0570) Diluted (0.2047) (0.2439) (0.0334) (0.4100) (0.4162) (0.0570) Net loss per ADS Basic (10.2312) (12.1907) (1.6700) (20.4740) (20.8042) (2.8500) Diluted (10.2358) (12.1947) (1.6700) (20.4977) (20.8097) (2.8500) Weighted average number of shares outstanding Basic 1,493,550,095 1,512,707,145 1,512,707,145 1,472,615,281 1,503,054,847 1,503,054,847 Diluted 1,493,550,095 1,512,707,145 1,512,707,145 1,472,615,281 1,503,054,847 1,503,054,847 Weighted average number of ADSs outstanding Basic 29,871,002 30,254,143 30,254,143 29,452,306 30,061,097 30,061,097 Diluted 29,871,002 30,254,143 30,254,143 29,452,306 30,061,097 30,061,097 Other comprehensive (loss)/income, net of tax of nil Foreign currency translation adjustments (29,112) 51,667 7,078 45,769 49,045 6,719 Unrealized gains/(loss) on available-for-sale securities, net - 7,277 997 (43,494) 2,642 362 Other comprehensive (loss)/ income (29,112) 58,944 8,075 2,275 51,687 7,081 Total comprehensive loss (330,307) (303,927) (41,638) (591,594) (549,899) (75,335) Less: Total comprehensive income attributable to noncontrolling interests 686 2,199 301 8,398 14,089 1,930 Total comprehensive loss attributable to Cheetah Mobile shareholders (330,993) (306,126) (41,939) (599,992) (563,988) (77,265) For The Three Months Ended For The Year Ended December 31, 2023 December 31, 2024 December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2024 (a) Share-based compensation expenses RMB RMB USD RMB RMB USD Cost of revenues 71 (460) (63) 370 81 11 Research and development (426) 1,280 175 580 1,924 264 Selling and marketing 72 (495) (68) 509 (662) (91) General and administrative 7,714 4,819 660 32,095 24,758 3,392 Total 7,431 5,144 704 33,554 26,101 3,576 CHEETAH MOBILE INC. Reconciliation of GAAP and Non-GAAP Results (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for per share data) For The Three Months Ended December 31, 2024 For The Year Ended December 31, 2024 GAAP Share-based Amortization of Impairment Non-GAAP GAAP Share-based Amortization of Impairment Non-GAAP Result Compensation intangible assets* of goodwill Result Result Compensation intangible assets* of goodwill Result RMB RMB RMB RMB RMB USD RMB RMB RMB RMB RMB USD Revenues 237,089 - - - 237,089 32,481 806,877 - - - 806,877 110,541 Cost of revenues (64,317) (460) - - (64,777) (8,874) (261,682) 81 - - (261,601) (35,839) Gross profit 172,772 (460) - - 172,312 23,607 545,195 81 - - 545,276 74,702 Research and development (65,506) 1,280 6,156 - (58,070) (7,956) (243,391) 1,924 24,624 - (216,843) (29,708) Selling and marketing (104,851) (495) 469 - (104,877) (14,369) (342,421) (662) 1,876 - (341,207) (46,746) General and administrative (56,281) 4,819 - - (51,462) (7,050) (244,385) 24,758 - - (219,627) (30,089) Impairment of goodwill (152,890) - - 152,890 - - (152,890) - - 152,890 - - Other operating (loss) income, net (377) - - - (377) (52) 637 - - - 637 87 Total operating income and expenses (379,905) 5,604 6,625 152,890 (214,786) (29,427) (982,450) 26,020 26,500 152,890 (777,040) (106,456) Operating loss (207,133) 5,144 6,625 152,890 (42,474) (5,820) (437,255) 26,101 26,500 152,890 (231,764) (31,754) Net loss attributable to Cheetah Mobile shareholders (366,784) 5,144 6,625 152,890 (202,125) (27,692) (617,557) 26,101 26,500 152,890 (412,066) (56,454) Diluted losses per ordinary share (RMB) (0.2439) 0.0034 0.0044 0.1011 (0.1350) (0.4162) 0.0174 0.0176 0.1017 (0.2795) Diluted losses per ADS (RMB) (12.1947) 0.1700 0.2200 5.0547 (6.7500) (20.8097) 0.8700 0.8800 5.0847 (13.9750) Diluted losses per ADS (USD) (1.6700) 0.0233 0.0301 0.6919 (0.9247) (2.8500) 0.1192 0.1206 0.6956 (1.9146) * This represents amortization of intangible assets resulting from business acquisitions. For The Three Months Ended December 31, 2023 For The Year Ended December 31, 2023 GAAP Share-based Amortization of Non-GAAP GAAP Share-based Amortization of Non-GAAP Result Compensation intangible assets* Result Result Compensation intangible assets* Result RMB RMB RMB RMB RMB RMB RMB RMB Revenues 167,314 - - 167,314 669,503 - - 669,503 Cost of revenues (68,243) 71 - (68,172) (231,940) 370 - (231,570) Gross profit 99,071 71 - 99,142 437,563 370 - 437,933 Research and development (39,584) (426) 4,104 (35,906) (178,207) 580 4,104 (173,523) Selling and marketing (56,746) 72 313 (56,361) (242,511) 509 313 (241,689) General and administrative (63,502) 7,714 - (55,788) (229,549) 32,095 - (197,454) Other operating (loss) income, net (186) - - (186) 2,867 - - 2,867 Total operating income and expenses (160,018) 7,360 4,417 (148,241) (647,400) 33,184 4,417 (609,799) Operating loss (60,947) 7,431 4,417 (49,099) (209,837) 33,554 4,417 (171,866) Net loss attributable to Cheetah Mobile shareholders (301,213) 7,431 4,417 (289,365) (602,898) 33,554 4,417 (564,927) Diluted losses per ordinary share (RMB) (0.2047) 0.0050 0.0029 (0.1968) (0.4100) 0.0228 0.0030 (0.3842) Diluted losses per ADS (RMB) (10.2358) 0.2500 0.1458 (9.8400) (20.4977) 1.1393 0.1499 (19.2085) CHEETAH MOBILE INC. Information about Segment (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for percentage) For The Three Months Ended December 31, 2024 For The Year Ended December 31, 2024 Internet Business AI and others Unallocated* Consolidated Internet Business AI and others Unallocated* Consolidated RMB RMB RMB RMB USD RMB RMB RMB RMB USD Revenue 160,152 76,937 - 237,089 32,481 517,188 289,689 - 806,877 110,541 Operating profit/(loss) 26,207 (228,196) (5,144) (207,133) (28,377) 62,833 (473,987) (26,101) (437,255) (59,904) Operating margin 16.4 % (296.6) % - (87.4) % (87.4) % 12.1 % (163.6) % - (54.2) % (54.2) % For The Three Months Ended December 31, 2023 For The Year Ended December 31, 2023 Internet Business AI and others Unallocated* Consolidated Internet Business AI and others Unallocated* Consolidated RMB RMB RMB RMB RMB RMB RMB RMB Revenue 107,711 59,603 - 167,314 450,134 219,369 - 669,503 Operating profit/(loss) 9,488 (63,004) (7,431) (60,947) 26,259 (202,542) (33,554) (209,837) Operating margin 8.8 % (105.7) % - (36.4) % 5.8 % (92.3) % - (31.3) % *Unallocated expenses refer to SBC expenses that are not allocated to individual segments. CHEETAH MOBILE INC. Reconciliation from Net Loss Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP) (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$")) For The Three Months Ended For The Year Ended December 31, 2023 December 31, 2024 December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2024 RMB RMB USD RMB RMB USD Net loss attributable to Cheetah Mobile shareholders (301,213) (366,784) (50,249) (602,898) (617,557) (84,604) Add: Income tax (benefits)/expenses (47,760) 51,064 6,996 (43,781) 47,258 6,474 Interest income, net (15,828) (9,862) (1,351) (60,978) (44,422) (6,086) Depreciation and other amortization 11,275 14,619 2,003 35,262 51,453 7,049 Net income attributable to noncontrolling interests 18 3,913 536 9,029 15,971 2,188 Other expense 303,836 114,536 15,691 488,791 161,495 22,124 Share-based compensation 7,431 5,144 704 33,554 26,101 3,576 Impairment of goodwill - 152,890 20,946 - 152,890 20,946 Adjusted EBITDA (42,241) (34,480) (4,724) (141,021) (206,811) (28,333)
TAIPEI, March 26, 2025 /PRNewswire/ -- TPIsoftware (TWSE: 7781), a leading B2B software company specializing in digital transformation solutions, has collaborated with Taiwan's Hua Nan Bank to launch a new digital platform for personal banking. By leveraging TPIsoftware's expertise in fintech and software development, the platform integrates the bank's core financial services, such as account opening, personal banking, applications of credit cards and loans into one unified solution, providing seamless, efficient connectivity across applications for enhanced user experience. The new digital platform utilizes a microservices and containerized architecture to enable frictionless version updates, helping overcome legacy constraints and achieve elastic scalability to adapt to the growing market needs. Existing services of the bank such as online banking, credit card and personal loan applications are integrated into the platform for user experience optimization. With Optical Character Recognition (OCR) incorporated, the application processes are streamlined through extracting personal information from identity documents uploaded by applicants, enabling autofill of information into corresponding fields. Filled details will be stored and retained for 24 hours in the event of service disruption, ensuring flexibility to resume the process without re-entry and re-upload of files. The all-in-one digital platform layout features a user-friendly, responsive interface that adjusts to device screens of different sizes, with a mobile-first design facilitating mobile banking experiences. The platform's modern, refreshing design conveys a sense of vibrancy and youthfulness, reflecting the bank's commitment to innovative, seamless and customer-focused service delivery. "As cloud computing and mobile technology advancements drive the rise of open banking, the financial services landscape is undergoing a drastic transformation," said Yilan Yeh, General Manager at TPIsoftware. "Our extensive fintech experience and in-depth industry knowledge position us as a trusted partner who empowers enterprises to innovate, adapt and thrive in a rapidly evolving market. The collaboration with Hua Nan Bank reflects our commitment to supporting clients in optimizing their services and navigating complex challenges—driving digital innovation with modern enterprise solutions."
AUSTIN, Texas, March 26, 2025 /PRNewswire/ -- Xojo, Inc., the developers behind Xojo—a powerful cross-platform development tool and programming language— announce the immediate availability of Xojo 2025 Release 1. This update introduces support for running the Xojo IDE on Linux ARM, drag and drop functionality in the Web framework and the ability to submit apps directly to the Mac and iOS App Stores from Xojo. Xojo 2025r1 delivers powerful new features and updates across all Desktop, Web and Mobile platforms. Developers can now run the Xojo IDE on Linux ARM devices, including Raspberry Pi, making it easier than ever to build apps for the platform. With Xojo's IDE and cross-platform support, developers can create apps for the Pi without the complexity of traditional programming environments. This release delivers the highly anticipated Web drag and drop support, allowing users to drag and drop any visual control, plus a supercharged WebListBox. "This release empowers Xojo Web projects to meet more user needs, no JavaScript required. Drag and drop is now available making it easy to create more interactive applications," says Ricardo Cruz, Xojo Engineer. The deployment process is further simplified by direct publishing of macOS and iOS apps to App Store Connect. Additional improvements include a default Window menu for Desktop projects and new mobile features for Android and iOS. Additionally, key IDE improvements have been introduced. "Xojo 2025r1 is a significant release that brings improvements to every platform we support," said Geoff Perlman, Xojo Founder and CEO. "With these updates, we continue our mission to make cross-platform app development more accessible and efficient for everyone." New Features and Updates: Linux ARM IDE Support: Now available, including Raspberry Pi. App Store Publishing: Directly publish macOS Desktop and iOS projects to App Store Connect from the IDE. Web Drag and Drop Support: Any visual control can now be dragged or accept drops. WebListBox: Now supports editable cells and checkboxes, and row reordering via dragging. macOS Window Menu: Desktop projects include the Window menu by default. Windows built-in ICU Libraries: Eliminates manual ICU updates and reduces app file sizes. iOS MobileColorPicker: Simplifies color selection and provides a native app experience. Android Support: Initial ColorGroup and Dark Mode support. TLS 1.3 Support: Now available with SSLSocket and URLConnection. IDE Enhancements: Toolbars: Option to hide captions. Windows now features a smaller toolbar, and both Windows and Linux use modern Bootstrap icons. The Documentation window toolbar is now more compact. Code Editor: Cmd/Ctrl + Double-clicking on a local variable name now jumps to its declaration, similar to the "Go To var" command. Layout Editor: Improved performance for complex container layouts. About XojoXojo is a cross-platform development tool for building native apps for macOS, Windows, Linux, iOS, Android, the web and Raspberry Pi. For over 25 years, Xojo has supported a growing community of developers passionate about creating powerful applications with ease. Learn more at xojo.com. Download Xojo 2025 Release 1 at xojo.com/download. AvailabilityXojo is free for learning and development, as well as for building apps for Linux and Raspberry Pi. Paid licenses start at $99 for a single-platform Desktop license and $399 for cross-platform Desktop, Mobile, or Web development. Xojo Pro and Pro Plus licenses, starting at $799, offer additional support and resources for professional developers. Special licensing is available for educators and students. Visit xojo.com/store for details. Media Contact pr@xojo.com
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