Shares of Xuanwu Cloud (02392) rose by nearly 11%, and as of press time, they rose by 10.94%, to HKD 0.71.
According to the Zhitongcaijing APP, shares of Xuanwu Cloud (02392) rose by nearly 11%, and as of press time, they rose by 10.94%, to HKD 0.71.
In terms of news, Xuanwu Cloud recently announced that it expects revenue to increase by 20% to 25% in the first half of the year. Revenue for the same period last year was approximately RMB 0.53 billion, driven primarily by the strong performance of the group's SaaS business segment, which is consistent with the company's long-term strategy of focusing on SaaS business. The company's net loss during the reporting period is expected to narrow by 60% to 70%, mainly due to the strict cost control measures implemented by each operating segment, and significant achievements in reducing costs and increasing efficiency.
On July 18th, Xuanwu Cloud announced the upgrade of 'Xuanwu Cloud · Xuanxun' to 'Xuanwu Cloud · Xuandong', dedicated to providing integrated marketing solutions for the consumer goods industry across all channels, links, and scenarios. Xuanwu Cloud's director and CEO, Chen Yonghui, said that in the past, Xuandong focused solely on the consumer goods industry, but now it will gradually shift its focus to the entire industry chain to achieve industry inter-connectivity. In addition, the company is further considering how to use the latest artificial intelligence technology and data services to empower its business intelligence.