VOBILE GROUP released its annual performance, with adjusted net profit of HKD 180 million, a year-on-year increase of 380.25%

According to the Zhitong Finance APP, VOBILE GROUP (03738) released its annual performance report for the year ending December 31, 2024. The group achieved revenue of HKD 2.401 billion, a year-on-year increase of 20.01%; adjusted net profit of HKD 180 million, a year-on-year increase of 380.25%; profit attributable to owners of the company was HKD 143 million, compared to a loss of HKD 7.818 million in the same period last year; basic earnings per share were HKD 0.0631. As the industrial environment continues to evolve, VOBILE focuses on IP as its core, providing clients with comprehensive digital content rights confirmation and transaction solutions, ensuring that creators' rights are fully respected and protected. The group practices a high-quality development strategy, prioritizing the development of high-value businesses and laying out strategic key areas. We seize key development opportunities in the AI era, continuously upgrading service capabilities based on years of operational accumulation in the copyright service field. During the reporting period, the group achieved total revenue of HKD 2.401 billion, an approximate year-on-year growth of 20.0%. During this reporting period, the group continued to deepen the scenario-based application of digital copyright protection technology, expanding service boundaries to emerging fields such as live streaming, micro-short dramas, music, e-commerce images, and online novels, forming a full lifecycle management system covering all categories of digital content. In live streaming, the group enhanced service technology and system capabilities, successfully providing real-time content stream processing services for top global streaming platforms, achieving minute-level rights confirmation protection for live content on platforms like YouTube and Facebook. In music copyright protection, a cross-channel monitoring network was built for leading music platforms, establishing a minute-level response mechanism for infringement activities in their core music library across online music, audio-visual, and live streaming scenarios. Breakthrough progress was made in the e-commerce sector, where we built a product image copyright recognition system for industry-leading e-commerce platforms, achieving automated rights confirmation for over 500,000 images daily based on VDNA video fingerprint technology, significantly shortening the intellectual property dispute handling cycle. In the micro-short drama field, we provided copyright rights confirmation services for leading short video platforms through a self-developed intelligent monitoring system. During the reporting period, the group added multiple newspaper group clients, achieving intelligent services for media content libraries through API services. During the reporting period, VOBILE's subscription service revenue reached HKD 1.104 billion, with a year-on-year growth of approximately 27.1%, accounting for about 46.0% of total revenue. It is expected that as global market attention to copyright continues to rise, the group's ability to cover diverse content continues to expand, and the demand from copyright platform parties increases, our subscription services will continue to maintain a good development trend