Dmall (02586.HK) has released its 2025 annual financial results, revealing a full-year revenue of RMB 2.23 billion, marking a 19.8% year-on-year increase. The adjusted profit soared to RMB 200 million, a remarkable 582.6% surge compared to the previous year. The total number of clients served throughout the year climbed to 593, with business operations extending across 11 countries and regions. Notably, the client retention rate reached an impressive 108%, and overseas revenue contributed 8.6% to the total revenue. By adopting a dual strategy of engaging both "existing and new clients," Dmall successfully secured key benchmark clients and fortified its global expansion efforts, as exemplified by its strategic partnership with Singapore's Cold Storage. Over the past year, Dmall has harnessed AI technology as its primary engine to drive the extensive commercialization of AI applications. As it looks forward to 2026, Dmall will concentrate its efforts entirely on the AI sector, developing AI-driven products and intelligent store agents at the product level. It will also explore a business model centered on "value co-creation and revenue sharing," shift its research and development focus towards AI-native methodologies, and bolster AI talent development. Co-founder and President Zhang Feng emphasized that Dmall will remain steadfast in its core AI strategy and internationalization path, continuously pursuing upgrades and deepening its AI deployment.