TI CLOUD (02167) announces its interim performance with a net profit of 27.671 million yuan, a year-on-year growth of 98.9%.

TI CLOUD (02167) announced its mid-year performance for 2025, with a revenue of approximately 269 million yuan, an increase of 13.8% year-on-year; a gross profit of approximately 139 million yuan, an increase of 14.4% year-on-year; a profit of 27.671 million yuan for the period, an increase of 98.9% year-on-year; and earnings per share of 15.93 cents. The announcement stated that the revenue growth was mainly due to an increase in revenue from SaaS solutions. TI CLOUD adheres to an AI-first business strategy and continues to deeply integrate AI technology into all products, services, and operational processes within the group. In 2024, the company launched the Microvine AI Intelligence Platform, which integrates multiple basic large models, including Tongyi Qianwen, Dou Bao, Wenxin Yiyi, Kimi, DeepSeek, and ChatGPT. This allows the company to provide customers with highly diverse and flexible solutions to meet their ever-changing needs. During the reporting period, TI CLOUD's AI intelligent products have been successfully deployed and implemented in enterprise customers in various industries such as consumer electronics, retail, home appliances, and industrial equipment. In the first half of this year, over one-third of new customers purchased the company's AI products, and the company expects the accelerated landing of AI intelligent scenarios in the near future. By continuously optimizing product performance and improving service quality, the revenue generated from the company's SaaS solutions increased by 17.0% from 2.199 billion yuan for the six months ended June 30, 2024, to 2.572 billion yuan for the six months ended June 30, 2025, accounting for 95.7% of total revenue. The company has established a wide, high-quality, and loyal customer base, covering multiple industries such as technology, insurance, automotive, education, healthcare, consumer goods, and manufacturing. In the first half of 2025, the group served 1,357 SaaS customers with annual recurring revenue exceeding 10,000 yuan, a 3.1% increase from the first half of 2024. The group is committed to establishing long-term relationships with customers and regularly evaluates its performance using customer retention rate and net retention rate calculated in terms of amounts. In the first half of 2025, the customer retention rate and net retention rate for all SaaS customers in the group were 71.8% and 108.0%, respectively, compared to 74.2% and 100.3% in the first half of 2024.