Capital Information: Expected to swing from profit to loss in the first half of 2026, with a loss of RMB 30 million to RMB 50 millionCapinfo Announcement: The Company expects a loss attributable to equity shareholders of approximately RMB30 million to RMB50 million in the first half of 2026, compared with a profit attributable to equity shareholders of RMB9.54 million in the same period of the previous year. The loss was mainly due to increased fulfillment costs resulting from intensifying industry competition and rising market costs. Meanwhile, the Group increased its R&D investment to advance the development of its artificial intelligence applications and data business. In addition, a liquidation gain of RMB52.79 million was recognized in the same period of the previous year, creating a one-time impact.