Red Square: Net profit in the first half of 2025 decreased by 47.10% year-on-year.

Red Square Announcement: In the first half of 2025, the operating income was 1.814 billion yuan, a decrease of 8.18% year-on-year. The net profit was 43.9665 million yuan, a decrease of 47.10% year-on-year. During this reporting period, the company did not distribute profits or convert capital reserves into share capital.