Beijing business daily (reporter Zhao Qian) on March 17, Weimeng released its financial report for 2020. According to the data, the company’s adjusted total revenue was 2.064 billion yuan, with a year-on-year increase of 43.7%; its adjusted gross profit was 1.098 billion yuan, with a year-on-year increase of 37.8%; its adjusted net profit was 108 million yuan, with a year-on-year increase of 39.1%; and its loss during the year was 1.166 billion yuan. In terms of main business, digital business revenue reached 1.246 billion yuan, up 44% year on year; digital media revenue reached 818 million yuan, up 43.2% year on year.
In the dimension of merchants, the financial report shows that the number of paying merchants of Weimeng subscription solution has reached 98002, a year-on-year increase of 32.2%; the loss rate of merchants has increased from 22.2% in 2019 to 26.1% in 2020; the average revenue per user is 7326 yuan, a year-on-year increase of 15%. In terms of business solutions, the revenue of Weimeng reached 528 million yuan, a year-on-year increase of 47.4%; the gross revenue of precision delivery was 9.764 billion yuan, a year-on-year increase of 111.9%; there were 45698 paying businesses, a year-on-year increase of 40.8%.
In terms of smart catering business, Weimeng will have 6996 catering businesses in 2020, with a revenue of 44.817 million yuan, up 13% year on year.
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