Capital Information: It is expected to turn from profit to loss in the first half of 2026, with a loss of between 30 million to 50 million yuan.

The Capital Information Announcement expects that in the first half of 2026, the company's losses attributable to equity shareholders will be approximately RMB 30 million to RMB 50 million, compared to a profit of RMB 9.54 million for the same period last year. The losses are primarily due to intensified industry competition and increased market costs leading to a rise in fulfillment costs, while the group has increased its investment in research and development to advance artificial intelligence applications and data business layout. Additionally, the one-time impact last year was due to the recognition of liquidation gains amounting to RMB 52.79 million.