Supply and Marketing Grand Market: expected net loss of 1.9 billion to 1.3 billion yuan by 2025.

Supply and Marketing Grand Market Announcement: It is expected that the net profit for the year 2025 will be a loss of 19 billion to 13 billion yuan, compared to a loss of 13.24 billion yuan in the same period last year. Due to the continuous downturn in the commercial real estate market and the decline in rental levels compared to previous years, the fair value of investment properties has significantly decreased, leading to an increase in related change losses compared to the previous period; at the same time, the company has recognized an increase in impairment provisions for inventory, goodwill, and other long-term assets with indications of impairment, resulting in the company's profit for the current period still being in a loss state.