Wanka Yilian delivers a "hardcore" report card: options implement a tiered market cap unlocking mechanism

News Report (Reporter Xie Lan): Wankai Yilian (1762.HK) has recently sent a series of strong signals. On one hand, it disclosed a positive profit forecast for 2025, delivering a “hardcore” report of revenue and profit growth; on the other hand, the core management team’s equity incentive plan was approved at the shareholders’ special meeting, introducing an equity incentive scheme centered on market value growth as a unlocking condition, deeply aligning management’s interests with the company’s long-term development. This fully demonstrates the management team’s firm confidence in the company’s future market value growth and long-term value development.

On February 25, 2026, Wankai Yilian officially released its annual performance forecast for fiscal year 2025. The announcement shows that the company is expected to achieve revenue of approximately 4 billion to 4.4 billion yuan, a significant year-over-year increase of 52.2% to 67.5%; net profit is estimated to be about 60 million to 68 million yuan, a year-over-year growth of 690.3% to 795.7%, with overall improvement in profitability.

This leap in performance is driven by the company’s long-term deep cultivation and continuous efforts in the AI commercialization track: its self-developed AI commercialization service platform has achieved improvements in delivery efficiency and advertiser re-investment rate; overseas business has seen breakthrough growth; diversified business layout continues to open up growth space.

Meanwhile, Wankai Yilian’s new stock purchase plan and core management equity incentive scheme were approved by a high vote at the special shareholders’ meeting on February 27, 2026. The granted stock options are set with tiered market value unlocking targets, with full unlocking of core management options based on market value growth. This not only establishes a long-term incentive and constraint system but also directly reflects the management team’s high confidence in their operational capabilities and a firm expectation of the company’s long-term value growth and market value increase.

The significant revenue growth in fiscal year 2025 mainly stems from the self-developed AI commercialization service platform that enables precise advertising delivery. This system can automatically generate creative materials, target audiences, optimize bidding strategies, and attribute effects, helping advertisers significantly improve return on investment (ROI), thereby boosting re-investment rates and exceeding expectations in mobile advertising revenue. Driven by the deep integration of large models and intelligent agents, AIAgent’s response accuracy, natural interaction, and task completion rate have reached industry-leading levels, becoming the largest growth engine this fiscal year.

While steadily expanding in the domestic market, the company’s “going global” strategy has achieved breakthrough progress. In fiscal year 2025, Wankai Yilian’s overseas revenue reached approximately 1.7 billion to 2.1 billion yuan, a year-over-year increase of 425.5% to 549.1%, covering more than ten countries and regions including Southeast Asia, the Middle East, and Europe. The company established a regional headquarters in Singapore, leveraging Apple Search Ads’ core agency qualification in China to help domestic game developers enter the global market. Overseas revenue surged, making it a benchmark case of Chinese companies’ intelligent international expansion.

Finally, “full-channel distribution,” “AI empowerment,” and “going global” are not isolated efforts but form a powerful synergistic effect. Full-channel distribution provides massive data training grounds for AI, while AI, in turn, enhances distribution efficiency and global adaptation capabilities. This positive cycle of “data—algorithm—scenarios” builds a technological moat that Wankai Yilian finds difficult to replicate. Notably, the company’s R&D investment as a percentage of revenue continues to grow, with the establishment of an AI laboratory further consolidating its technological leadership. Additionally, the company strengthens organizational capabilities by recruiting multiple international AI and global operations talents, providing solid support for sustainable development.

Industry analysts point out that, amid the accelerating reshaping of industry patterns by artificial intelligence, Wankai Yilian has established a differentiated competitive edge through its AIAgent first-mover advantage and effective implementation of its global expansion strategy. As global demand for intelligence continues to grow, the company is expected to occupy a more advantageous position in the next wave of technological revolution.

(Edited by Zhang Wei)