91APP (Stock code: 6741), the first native SaaS company listed in Taiwan, announced its consolidated financial results for the third quarter of the fiscal year 2023. The consolidated revenue for Q3 2023 amounted to NT$320 million, a 9% year-over-year increase, marking a historic high for the same period. Net profit after tax reached NT$110 million, reflecting a substantial 43% YoY surge, with earnings per share at NT$0.97. The accumulative consolidated revenue for the first three quarters of this year exceeded NT$9.7 billion, demonstrating an 11% YoY growth. Net profit after tax for the same period amounted to NT$290 million, showing a notable 32% YoY increase, with earnings per share at NT$2.45. The operational momentum is driven by the demand for D2C (Direct-to-Consumer) e-commerce and OMO (Offline-Merge-Online) in brick-and-mortar retailers, coupled with the boost from department store anniversary promotions and warm-up activities for Double 11 in the second half of the year, the overall profit performance of the company continues to rise steadily.

The momentum of Double 11 is evident, with a significant 20% growth in the overall GMV (Gross Merchandise Volume) of brand D2C e-Commerce transactions within a two-week period starting from November. This growth surpasses previous expectations and dispels the market uncertainties observed in the first three quarters. The D2C e-Commerce performance during Double 11 increased tenfold compared to regular days. Several brick-and-mortar e-Commerce brands experienced a peak in orders throughout the day, with some achieving single-day sales in the tens of millions. While the retail e-Commerce growth in the first half of the year faced challenges due to overall market conditions, the strong revival of consumer demand during the fourth quarter, stimulated by Double 11, indicates a positive turnaround in the overall performance of brand D2C e-Commerce. The outlook for operational momentum in the fourth quarter is optimistic.

The outstanding performance of brand D2C e-Commerce during Double 11 is credited to 91APP's precise retail AI model for member segmentation, diverse e-Commerce promotion mechanisms, efficient shopping cart systems, and enterprise-level efficiency and Service Level Agreement (SLA) that facilitated smooth and normal transactions. In addition to the significant gains for brand customers, 91APP's operations during Double 11 also benefited from adopting next-generation cloud technology, effectively reducing investment costs and substantially improving overall system efficiency. Even with cost control measures in place, 91APP supported a traffic growth of 20% compared to the same period last year.

The two major solutions, "Commerce Solution" and "Marketing Solution" provided by 91APP, create comprehensive benefits for brand customers, assisting brick-and-mortar retailers in rapid digital transformation, and accelerating the expansion and enhancement of D2C e-Commerce through OMO. Following the success of Double 11, for subsequent events such as Double 12, Christmas, and New Year's, 91APP is gearing up to continue supporting brands, and expecting that the D2C e-Commerce performance will reach new heights in the fourth quarter with continuous support from festive events.