Nine Ding Investment: a net loss of 47.5498 million yuan in the first half of 2025, turning from profit to loss.

Jiuding Investment announcement, the operating income in the first half of 2025 was 80.3721 million yuan, a year-on-year decrease of 55.39%. Net loss was 47.5498 million yuan, compared to a net profit of 7.982 million yuan in the same period last year.