Ruo Yuwen: It is expected that the net profit will increase by 66.61%-89.33% year-on-year in 2025.

According to the announcement by Rayoungmin, it is expected that the net profit for the year 2025 will be between 1.76 billion to 2 billion yuan, a year-on-year growth of 66.61% to 89.33%. The net profit after deducting non-recurring gains and losses is expected to be between 1.7 billion to 1.94 billion yuan, a year-on-year growth of 60.25% to 82.87%. The estimated basic earnings per share are between 0.57 yuan/share to 0.64 yuan/share. The performance growth is mainly attributed to the rapid growth of revenue from the company's own brand business, strong performance in brand management business, and the company's continued efforts in fine-tuning its operational strategies which effectively reduces operating costs and improves resource utilization efficiency.