91APP (Stock code: 6741), the first native SaaS company listed in Taiwan, held its annual shareholders' meeting today and approved the 2024 business report, financial statements, earnings distribution proposal, and the election of new board members. In 2024, 91APP achieved a consolidated revenue of NT$1.62 billion, setting a new all-time high with a 17% year-over-year growth, significantly outperforming the average growth rates of Taiwan's retail and e-Commerce sectors. The company also reported a record-high earnings per share (EPS) of NT$4.22, reflecting continued profitability and stable growth.
As part of the board re-election, 91APP welcomed Mr. James Hsieh as a new independent director. Widely recognized as a master of retail and logistics, Mr. Hsieh is a pivotal figure behind many major corporate transformations and digital strategies across Taiwan's retail, F&B, e-Commerce, and logistics sectors. With over 40 years of deep industry experience, he has held executive leadership roles including Vice Chairman of PX Mart, COO of 7-Eleven Taiwan, CEO of Gourmet Master Co. (85°C), Chairman of Rakuten Taiwan, and Chairman of Books.com.tw. Known for his strategic foresight and operational execution, Mr. Hsieh has helped numerous leading brands achieve successful transformations. His recent efforts in advancing OMO and physical eCommerce have yielded strong results. His appointment strengthens 91APP's strategic foundation and fortifies its leadership in the D2C SaaS market.
Steven Ho, Chairman of 91APP, stated:
"As e-Commerce has become the largest retail transaction channel in Taiwan, D2C brick-and-mortar e-Commerce has emerged as a key growth driver. At 91APP, we remain client-centric, continuing to deepen our e-Commerce and digital marketing solutions to help brands realize D2C in both e-Commerce and digital advertising. Moving forward, we will accelerate Retail AI innovation, enhance core SaaS technologies, and actively expand in the digital advertising sector to boost operational efficiency and drive growth in a changing landscape."
Richard Yang, General Manager of 91APP, added:
"In addition to strong operational performance in 2024, 91APP also made strides in sustainability. We published our first third-party-assured sustainability report and implemented ISO 14064-1 greenhouse gas inventory standards, demonstrating our commitment to ESG. While scaling our core business, we recognize that talent is the cornerstone of our long-term success. This year, we are placing greater emphasis on recruitment, development, and retention, building an efficient and specialized team to drive cost optimization and ensure resource effectiveness. We remain committed to the highest standards of corporate governance as we pursue parallel goals of business growth and sustainability."
In the face of increasing global uncertainties, retailers are seeking digital transformation to boost operational efficiency and leverage membership-driven economies, while consumers are shifting toward more rational spending and loyalty-based decision-making. In this dynamic environment, 91APP"s value lies in empowering retailers with advanced data utilization, enhancing customer engagement, optimizing operations, and driving omni-channel performance.
Looking ahead, 91APP will continue to adopt proactive strategies, attracting top talent in data and technology, deepening innovation in Retail AI and digital advertising, strengthening core SaaS capabilities, and optimizing its two key solutions. The Company will foster cross-industry collaboration and pursue international expansion to open new retail frontiers, grow alongside its clients, and maximize shareholder value.