China Baoan: Net profit in the first quarter of 2025 was 169 million yuan, a year-on-year increase of 138.20%.

Baoan, China's announcement: In the first quarter of 2025, the operating income was 4.864 billion yuan, a year-on-year decrease of 2.72%. The net profit was 169 million yuan, a year-on-year increase of 138.20%.