YOUZAN (08083) announced its full-year 2025 results on March 12. The company's revenue for 2025 reached approximately RMB 14.9 billion, representing a year-on-year increase of about 3%. Revenue from merchant solutions amounted to roughly RMB 7.1 billion, up approximately 9% compared to the previous year. The annual Average Revenue Per User (ARPU) for merchants rose to RMB 28,159, an increase of about 9%. Gross profit was approximately RMB 9.8 billion, with a gross profit margin of around 66%. The company achieved an annual profit of about RMB 1.6 billion, marking a turnaround to profitability, and the net profit margin increased to approximately 11%. Net cash inflow from operating activities was about RMB 2.5 billion. The cash balance stood at roughly RMB 11 billion.
In 2025, the Gross Merchandise Volume (GMV) generated by merchants using YOUZAN's solutions totaled approximately RMB 1.03 trillion. The average sales per merchant in 2025 were about RMB 1.95 million, reflecting a year-on-year growth of around 6%. GMV from the store SaaS business was approximately RMB 537 billion, up about 3% year-on-year. The number of existing paying merchants at the end of 2025 was 52,809. The count of paying merchants for the store SaaS business grew by approximately 5%.
The company's operational targets for 2026 are to achieve accelerated revenue growth while maintaining profit margins, and to accelerate the implementation of AI applications to commercialize its AI capabilities. YOUZAN had previously announced on October 28, 2025, that it submitted an application to the Hong Kong Stock Exchange for a transfer of its listing.
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