D2C Demand Soars: 91APP Achieves Record High Revenue of NT$1.39 Billion in 2023

91APP (Stock code: 6741), the first native SaaS company listed in Taiwan, announced its financial results for the fiscal year 2023, achieving a consolidated revenue of NT$1.39 billion, marking a remarkable 10% year-on-year increase. The operating gross profit margin maintained at 75%, and the net profit margin remained at 30.5%, both within stable ranges. After-tax net profit reached NT$400 million, setting a historic record, with earnings per share at NT$3.37. Despite challenges posed by the broader economic landscape last year, 91APP's operations have maintained a steady growth trajectory.

In response to the burgeoning demand for D2C(Direct-to-Consumer) trends and brick-and-mortar e-Commerce, 91APP has gained significant traction in its operations. The primary growth catalysts stem from its Commerce Solution and Marketing Solution offerings, synergizing to fortify D2C performance for a portfolio of esteemed brand partners. Notably, several well-known domestic and international retail giants have become key customers, injecting further growth momentum and contributing to 91APP's revenue. The company's annual revenue performance maintains robust growth, outpacing the overall retail and regular e-Commerce sectors, demonstrating 91APP's strength in deepening its presence in the D2C market and steadily advancing its operations.

Looking ahead, with the continuous addition of new large-scale clients, including internationally beloved sports brands and Japanese lifestyle brands, the business outlook is promising. This sustained growth momentum is expected to contribute to 91APP's revenue this year. Furthermore, with the cumulative consolidated revenue for January and February reaching NT$242 million, a 16.07% increase compared to the same period last year, the strong D2C trend and brick-and-mortar e-Commerce demand are expected to drive 91APP's operational growth this year.

The growth potential of D2C is promising, especially as brick-and-mortar e-Commerce now accounts for over 30% of Taiwan's overall e-Commerce market and continues to rise. 91APP remains committed to facilitating the entry of medium and large retail brands into brick-and-mortar e-Commerce, driving D2C development, and elevating Taiwan's overall e-Commerce penetration rate.