Kunlun Wanwei Annual Report Released: AI Business Annual Revenue of 140 Million US Dollars Becomes the Fastest Growing Chinese AI Enterprise in Overseas Revenue Growth

Kunlun Wanwei released its 2024 financial report on April 25th, achieving a total operating revenue of 5.66 billion yuan, a year-on-year increase of 15.2%. The overall gross profit margin reached 73.6%, continuing to remain at a relatively high level. The company's R&D expenses for the whole year were 1.54 billion yuan, a year-on-year increase of 59.5%. The company has made significant progress in commercializing its AGI and AIGC businesses, with an annual revenue of $140 million, making it the fastest-growing Chinese AI enterprise in overseas revenue growth. Among them, the highest monthly revenue of AI social networking exceeded 1 million US dollars during the reporting period, becoming one of the fastest-growing Chinese AI applications in overseas revenue growth; By the end of March 2025, the annualized revenue ARR of AI music will reach approximately $12 million (monthly revenue of approximately $1 million), and the annualized revenue ARR of drama platform DramaWave will reach approximately $120 million (monthly revenue of approximately $10 million), further accelerating the commercialization process of AI. The company's overseas business revenue reached 5.15 billion yuan, a year-on-year increase of 21.9%, accounting for 91.0% of the total revenue.