GUANGZHOU, China, July 29, 2024 /PRNewswire/ — Xuan Wu Cloud Technology Holdings Limited ("Xuan Wu Cloud" or the "Group," stock code: 2392.HK), a leading intelligent CRM service provider in China, today announced its positive alert for the six months ended June 30, 2024.
Based on the information currently available to the Board and a preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended June 30, 2024, the Group is expected to record a reduction in net loss by 60% to 70%, as compared to a net loss of approximately RMB20.2 million recorded for the corresponding period in 2023. The Board considers that the above anticipated reduction in net loss was mainly attributable to the strict cost control measures being implemented across the operating segments, resulting in significant cost reduction and efficiency improvements.
Meanwhile, the Group is expected to record an increase in revenue of a range of 20% to 25% for the six months ended June 30, 2024, as compared to the revenue of approximately RMB530.0 million for the corresponding period in 2023, primarily attributable to the strong performance of the Group’s SaaS business segment, which is in line with the Company’s long-term strategic direction of focusing on the SaaS business
About Xuan Wu Cloud
Xuan Wu Cloud Technology Holdings Limited ("Xuan Wu Cloud"), the largest local intelligent CRM service provider in China (stock code 2392.HK), which was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 8 July, 2022. The company’s domestic operating entity is Xuan Wu Technology, which has established a marketing service system covering 34 provinces and cities across China. Xuan Wu Cloud has aPaaS, cPaaS, AI, and DI platforms as technical base, with Marketing Cloud, Sales Cloud, Service Cloud as core SaaS product applications, aiming to provide customers with multi-touch, all-channel, entire business cycle management of intelligent CRM products and services.
For more information, please visit https://ir.wxchina.com.
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For investor inquiries, please contact:Xuan Wu CloudInvestor RelationsEmail: ir@wxchina.com
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