Merchants' retained earnings: The net profit for the first quarter was 2.33 billion yuan, a year-on-year increase of 6.30%.

Announcement of Merchants' Accumulated Announcement: The revenue for the first quarter of 2026 was 4.77 billion yuan, a year-on-year increase of 6.82%; net profit was 233 million yuan, a year-on-year increase of 6.30%.