TI CLOUD (02167) announced its interim results for 2025, reporting revenue of approximately RMB 269 million, representing a 13.8% year-on-year increase. Gross profit reached approximately RMB 139 million, up 14.4% compared to the same period last year. The company achieved a net profit of RMB 27.671 million during the period, marking a significant 98.9% year-on-year growth, with earnings per share of 15.93 cents.
According to the announcement, the revenue growth was primarily driven by increased income from SaaS solutions. TI CLOUD continues to adhere to its AI-first business strategy, consistently integrating AI technology deeply into all of the group's products, services, and operational processes.
In 2024, the company launched the Weiteng AI Agent Platform, which integrates multiple foundational large language models, including Tongyi Qianwen, Doubao, Wenxin Yiyan, Kimi, DeepSeek, and ChatGPT. This platform enables the company to provide highly diversified and flexible solutions to meet customers' evolving needs.
During the reporting period, TI CLOUD's AI agent products have been successfully deployed and implemented across enterprise customers in various industries, including consumer electronics, retail, home appliances, and industrial equipment. In the first half of this year, more than one-third of new customers purchased the company's AI products, and the company expects that scenario-based deployment of AI agents will accelerate in the near future.
Through continuous optimization of product performance and enhancement of service quality, the company's SaaS solutions revenue increased 17.0% from RMB 219.9 million for the six months ended June 30, 2024, to RMB 257.2 million for the six months ended June 30, 2025, accounting for 95.7% of total revenue.
The company has established a broad, high-quality, and loyal customer base covering multiple industries including technology, insurance, automotive, education, healthcare, consumer goods, and manufacturing. In the first half of 2025, the group served 1,357 SaaS customers with annualized recurring revenue exceeding RMB 10,000, representing a 3.1% increase from 1,316 customers in the first half of 2024.
The group is committed to building long-term relationships with customers and regularly uses customer retention rates and net revenue retention rates to evaluate the group's performance. In the first half of 2025, the customer retention rate and net revenue retention rate for all SaaS customers were 71.8% and 108.0% respectively, compared to 74.2% and 100.3% respectively in the first half of 2024.