微盟集团2025年中期报告

4 5 11 27 35 37 39 41 43 91 127 1826 2025321(FCG, HKFCG)2025321 53 290 1768 22 Maples Fund Services (Cayman) LimitedP.O. Box 1093Boundary Hall, Cricket SquareGrand Cayman, KY1-1102Cayman Islands P.O. Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands 183171712-1716 2800 2013 18272701 www.weimob.com 2025AISaaSAIAgent 20257.7510.6%202420241.487.8%202420250.30AI20250.34 5.8220241.1%4.2936.1%TSO66.4%75.1%0.7220241.76140.7%20220.171.87109.0%202120250.28202563015.74 20254.3810.1%59,14913.9%AI20250.342.866.1%65.2%7,3231,227179 3.3811.3%202445.3%3.0874.5%91.3%202586.233.4%1.5%39,281219,5231.9% AIWAISaaSWAI ProWIMEAI2025AI0.34WAISaaS15AIAgent202457%AgentAgent4.53.9WAI ProAIAIAgentWIMEAI202511139%172% 2025××15%27%26%2025300GMV5,000100% 2025MSCIESGBBBA 4.3810.1%202420250.3059,14913.9%4.5%7,4022.866.1%65.2%7,3231,22717.9 2025+++GMV13.4%GMV60%GMV34%22.2%19.3%48%50%42% +DTC++ MarkivoShopify31WAVE2025 20253.3811.3%45.3%3.0874.5%91.3%202586.233.4%1.5%39,281219,5231.9% 4%46%202425 2025130GMV6005002025GMV3,000 87%2025AI+202425 1.AIAI Agent AISaaSAIWAISaaS WAI Pro WIMEAIAgentWIMEWPS 2. xMCN 3. SaaS2025 4. 5. MarkivoShopifyAISaaSAI 2025202463020252024630 (1)(2)(3)(1) (1)100%(2)100%(3)100%(4)100% 2024630867.410.6%2025630775.52024630719.17.8%2025630775.5 SaaSERPERPPaaS 2024630486.810.1%2025630437.9(i)(ii)(iii)AI2025AI30.040.0 : (1)2024202420242024148.3 TSO 20246308,341.820256308,623.1 TSO2024630232.345.3%2025630337.6(i)171.1(ii)TSO65.8 2024630291.533.7%2025630193.2202498.6 2024630194.415.8%2025630163.8(i) 202498.6(ii)70.7 202463097.169.7%202563029.4TSO (1)0.9(2)(1) 2024630428.536.1%2025630583.2 202463060.3%202563062.8% 202463058.2%202563091.3%TSO 2024630565.331.1%2025630389.5(i)2024630382.62025630280.72024(ii)202463083.9202563026.9(iii)202463033.1202563022.3 2024630357.889.32025630268.5 2024630287.024.5%2025630216.6(i)2024630221.72025630158.4(ii)202463018.4202563014.0 2024630177.032.42025630144.6 2024630233.841.8%2025630136.1 20246304.83.220256301.6 202463021.0202563022.2 20256303.53.31.6 20256300.32024630287.3 2024630213.0176.6202563036.4162.2202442021620212024920240.61 20246308.120256302.9 20256303.6 202442025630 202563017.6 202563047.22024630569.8 (1)20242024 20256301,573.6 35.7*532.91,004.8 20256302,198.5 (i)(ii) 2025630 2025630301,122,000507,100,00025,310,000249,894,00047,898,000 2025630 2025630 20256303,400951778 2025630C.2.1 C.2.1 2025630 2025630 13.51B(1) 2025630 2025630 20212023 202162021293.62025630275.62025630 20231248,000,00020231,568.720256301,411.82025630 2025630XVXV78352 (1)Yomi.sun Holding LimitedSun SPVSun SPVYoumi Investment LimitedYoumi Investment LimitedYoumi TrustCantrust (Far East) LimitedYoumi TrustYoumi TrustSun SPVCantrust (Far East) LimitedYoumi InvestmentLimitedSun SPV (2) (3)Jeff.Fang Holding LimitedFang SPVFang SPV (4)Alter.YouHolding LimitedYouSPVYou SPVFount Investment LimitedFount Investment LimitedFountTrustInfiniti Trust(Asia)LimitedFountTrustFount TrustYou SPVInfiniti Trust (Asia) LimitedFount InvestmentLimitedYou SPV 2025630XVXV78352 2025630XV23336 1.Sun SPVYoumi Investment LimitedYoumi Investment LimitedYoumi TrustCantrust (Far East) LimitedYoumi TrustYoumiTrustSunSPVCantrust(FarEast) LimitedYoumi Investment LimitedSun SPV 2025630XV23336 2018 20182018201871201820182018F. 2018 2 0 2 152 82 0 1 81,900,00020182018 2025630201870,495,00020256301.95%201870,333,0002018 20251120256302018162,0002018162,0000.004% 20182018 201820232018 2020 202020202020525202062920202023621202020202020525202353020205282023531 2020 20201015202020,620,000252202020202020270,000 2 0 2 152 82 0 2 016,316,000379202020202020161,500 20211220202015,651,00040620202020202030,000 2 0 2 3442 0 2 021,576,50071920202020202030,000 2023121220205,816,400165202020202020247,000 2.20256302020 3.20200% 4.2020101520215282020548,750260,500 5.2025112020273,643,09920256302020273,643,09920202025112025630202027,945,94927,945,949 (i)(ii)(iii) 20257217,000,0001,500,0001,500,000GenstoreInc. 17.5%3.75%3.75% 2025630 2025630 20256 30 2025630 1 WeimobInc.20181302219613P.O. Box 309, Ugland House,Grand Cayman, KY1-1104, Cayman Islands SaaS 2019115 2025630 2025820 2 2.1 3420253212024202412312024 2.2 202563047,242,00028,061,00020256302,201,659,0001,951,765,0001,004,853,000514,753,00035,653,0001,555,259,000110,021,000 2025630 2 2.2 371,750,00054,750,00091,250,000200,750,0002025112026520261125,000,00020257 2025630 (1)(i)(ii)AIAIAgent(iii)AI (2)20256301,211,038,0001,189,960,000202563084,060,000202578229,600,000220,250,000 (3)20249 2 2.2 2025630 (1) (2) (3) 2025630 3 2024 3.1 3.2 202511 4 2024 5 5.1 20242025630 5.2 5 5.2 2025630 5 5.2 20256302024123121,269,00021,269,0005.3 (a)(vi) 5.3 ••• 2025630 5 5.3 20241231 20242025630 20256302024123121 2025630 5 5.3 ••• 20242025630 5 5.3 (a) 20241231 202563035,653,000 (ii) 20256304,137,000 2025630 5 5.3 (a) (iii) 20