Red Star Development: It is expected that the net profit in the first half of 2025 will increase by 163.27% - 282.17% year-on-year.

Red Star Development Announcement: It is expected that the net profit attributable to the owners of the parent company will be between 62 million and 90 million yuan in the first half of 2025, an increase of 38.45 million to 66.45 million yuan compared to the same period last year, a year-on-year increase of 163.27% to 282.17%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be between 61 million and 89 million yuan in the first half of 2025, an increase of 38.07 million to 66.07 million yuan compared to the same period last year, a year-on-year increase of 166.03% to 288.14%.