Record-Breaking EngageLab Contracts
EngageLab closed over CNY 63 million worth of contract value in one quarter, bringing the total cumulative contract value to over CNY 110 million by March 31, 2025. This marks an unprecedented achievement in the company's history.
Strong Revenue Growth
The group's revenue for Q1 2025 was CNY 89 million, marking a 38% year-over-year growth. This is the highest Q1 revenue since transitioning to a pure SaaS model. EngageLab's recognized revenue grew by 127% year-over-year.
Financial Risk Management Success
The Financial Risk Management business recorded its highest quarterly revenue of CNY 22.2 million, with a 64% year-over-year growth. This was driven by a 19% increase in customer numbers and 38% ARPU growth.
Improved Gross Profit and Margin
Gross profit grew by 27% year-over-year, achieving the highest gross profit in the past nine quarters. Gross margin improved by 520 basis points quarter-over-quarter.
Positive Adjusted EBITDA
The company recorded its seventh consecutive quarter of positive adjusted EBITDA.
Deferred Revenue Milestone
Deferred revenue reached a record high of CNY 156.9 million, marking the first time it has exceeded CNY 150 million.