Ge Long Hui·2025-08-16 19:57Group 1 - The core categories of electronic products and home appliances are experiencing a recovery in growth, benefiting from the trade-in policy [1][3] - The company has adjusted its non-GAAP net profit forecasts for 2025-2027 to 27.7 billion, 46 billion, and 52.6 billion yuan, reflecting a year-on-year growth rate of -42%, +66%, and +15% respectively [1] - The company reported Q2 2025 revenue of 356.7 billion yuan, a year-on-year increase of 22.4%, exceeding Bloomberg's consensus estimate [2] Group 2 - The company's retail operating profit margin improved by 0.6 percentage points to 4.5%, while the logistics operating profit margin decreased by 1.1 percentage points to 3.8% [2] - New business losses were higher than expected, primarily due to continued investments in the food delivery segment [2][3] - The company repurchased approximately 2.8% of its outstanding common shares as of December 31, 2024, with a remaining repurchase amount of 3.5 billion dollars [3]