Webus International Limited, a provider of AI-driven mobility solutions, has released its unaudited financial results for the first half of fiscal year 2025. The company's revenues decreased by 28.5%, dropping from RMB24.3 million for the six months ended December 31, 2023, to RMB17.4 million ($2.4 million) for the same period in 2024. This decline was primarily attributed to a reduction in packaged tour services in the domestic market, as well as customized chartered bus services and commuter services. Net loss for Webus International narrowed significantly, decreasing to RMB2.8 million ($0.4 million) for the six months ended December 31, 2024, from RMB4.2 million in the same period of 2023. The company reported no income tax expenses for the six months ended December 31, 2024, due to losses incurred by its PRC subsidiaries and Wetour. In terms of operational highlights, international business experienced a surge with rapid development in the North American region, as well as active market expansion in the Japan-Korea and Middle East regions. Packaged tour services in North America grew by 36.6%. Webus is committed to refining its service ecosystem and expanding its global customer base. Research and development expenses decreased by 25.7% to RMB0.6 million ($0.1 million) due to a reduction in staff costs, resulting from a slight decrease in the R&D department's headcount. Total other income, net increased from RMB0.5 million to RMB1.0 million ($0.1 million), primarily due to an increase in government grants, although this was partially offset by higher interest expenses and bank charges linked to incremental short-term borrowings.