Guo Ji Jin Rong Bao·2025-08-27 11:58Group 1: Financial Performance - In Q2 2025, the total revenue of the company was 717 million RMB, a decrease of approximately 23% compared to 934 million RMB in the same period of 2024 [1] - The gross margin improved from 59.6% in 2024 to 62.5% in 2025 [1] - The net profit for Q2 2025 was 72.5 million RMB, compared to a net loss of 80.6 million RMB in Q2 2024 [1] Group 2: Adjusted Profitability - The adjusted net profit (non-GAAP) for Q2 2025 was 91.3 million RMB, while in Q2 2024, it was an adjusted net loss of 44.6 million RMB [1] - For the first half of 2025, the net profit was 62 million RMB, down from 246 million RMB in the same period of 2024 [1] - The adjusted net profit for the first half of 2025 was 98 million RMB, compared to an adjusted net loss of 180 million RMB in the previous year [1] Group 3: Revenue Sources - The largest revenue source in the first half of 2025 was paid memberships, generating 820 million RMB, down 7.1% from 882 million RMB in 2024 [2] - The average monthly subscription members decreased to 13.7 million in the first half of 2025, down from 14.7 million in 2024, a decline of 6.7% [2] - Marketing services revenue fell to 420 million RMB, a significant drop of approximately 37.8% from 675 million RMB in 2024 [2] Group 4: Cost Management - The company's cost of revenue decreased by 31.1% to 547 million RMB [3] - Sales and marketing expenses were reduced by 27.7% to 647 million RMB [3] - Research and development expenses decreased by 29.3% to 288 million RMB, while general and administrative expenses fell by 47.6% to 109 million RMB [3]