China Youzan ( (CHNVF) ) has released its Q4 earnings. Here is a breakdown of the information China Youzan presented to its investors.
China Youzan, a company specializing in SaaS solutions for merchants, has reported its financial results for 2024. The company, which provides comprehensive e-commerce and retail solutions, has embraced AI to enhance its offerings and support merchant growth.
In 2024, China Youzan achieved a revenue of approximately RMB 1.44 billion, with a slight decrease of 0.4% compared to the previous year. The company reported a gross profit of RMB 978 million, reflecting a decrease of 2.4% year-on-year. Despite these declines, the company saw a significant increase in adjusted EBITDA, which rose by 288% to RMB 121 million, indicating improved operational efficiency.
Key highlights include the growth in merchant solutions revenue by 8.6%, driven by the expansion of logistic solutions. The company also reported a decrease in subscription solutions revenue due to a decline in paying merchants. However, the average sales per merchant increased by 14%, demonstrating the effectiveness of Youzan’s intelligent consumer operation system.
Looking ahead, China Youzan aims to achieve business growth while maintaining steady profit margins and increasing the use of AI across its operations. The company’s strategic focus on enhancing customer value and operational efficiency positions it well for future growth.
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