CITIC Securities: Tuhu's performance steadily growing, user base and storefront network continue to expand Maintained a buy rating.

Recently, Industrial Securities released a research report stating that Tuhu Car Maintenance's performance has shown steady growth, with an increase in gross profit margin and continuous expansion of user base and store network. Based on the latest publicly available financial data, Industrial Securities believes that Tuhu Car Maintenance's rapid growth in store network and user base, along with the continuous improvement in supply chain and logistics efficiency, will support future steady revenue growth and the continued enhancement of scale effects. Industrial Securities also predicts that Tuhu Car Maintenance's future sales and net profit data will continue to rise, and they maintain a buy rating.