2021-04-27
91APP-KY (stock code: 6741) was recommended by Yuanta Securities and held a pre-IPO performance conference today. 91APP-KY is the first domestic retail SaaS (Software-as-a-Service) company, specializing in OMO (Online-Merge-Offline), combined with “Data-Driving e-Commerce” value-added services, to help retail brands enter the e-commerce market, achieve omni-channel OMO operational benefits, and rapidly increase operating efficiency and profit. The 91APP-KY innovative model not only promotes the upgrading of the retail industry, but also writes a new page in Taiwan’s capital market history and will become the first SaaS (Software-as-a-Service) to be listed on the TPEx.
91APP-KY was established in 2013. Its operating model provides three self-developed retail software clouds with data-oriented e-commerce services to assist retail brands; a commerce cloud, a marketing cloud and an OMO cloud, all working to quickly establish one’s own e-commerce, and integrate online and offline dual guide flows, sales orders, omni-channel CRM and data, etc., in order to initiate and maintain OMO operational benefits. Since 2016, GMV and revenue have shown positive growth for five consecutive years. In 2020, GMV has exceeded NT$13 billion, which is a 30% increase year-over-year. The revenue scale reached NT$875 million, an increase of 31% year -over-year. The proportion of brick and mortar retailers’ contribution continued to grow, accounting for more than half of the revenue; the net profit after tax was NT$207 million, an increase of 102% year-over-year, and the EPS was NT$1.92. As the scale of operations continues to expand, there is the commensurate expectation in continuance of increase of profitability in the future.
Ho, Ying-Chi, chairman of 91APP, has commented that 2020 has been a year of paradigm shifts in Taiwan’s retail industry. The Covid 19 epidemic has changed existing lifestyles and accelerated the transformation of brick and mortar retailers into the retail technology and business model of OMO. 91APP’s services are able to meet and assist the needs of brick and mortar retailers, and the OMO model substantially helps bring new outlets out from under the negative impact of the epidemic.
Looking forward to the future, 91APP expects to use the power of the capital market to attract outstanding talent, accelerate product development, strengthen service capabilities, and expand overseas operations after listing. Meanwhile, in future strategic development, it will emphasize more on bolstering 91APP’s unique APP operating advantages, focusing on OMO-related businesses and diversified value-added services, strengthening the alliance of development partners, and actively expanding the global market. Yang, Ming-Fang of 91APP general manager, stated that 91APP will continue to deepen its R&D and operating capabilities in Taiwan, and expand its business towards the international market. The establishment of a subsidiary in Hong Kong has demonstrated positive results. Recently, it has also formed an alliance and strategic investment with the largest e-commerce platform company in Malaysia. It will also actively work to enter other locations in Asia.
91APP-KY is expected to be officially listed on the TPEx in late May (the par value of the company’s common stock is NT$5 per share). 91APP-KY aims to become the “TSMC of the retail industry”, creating value for customers, promoting the upgrading of the retail industry, and ushering in a new future.