Core Viewpoint - The company expects to achieve a net profit before tax of no less than 4.5 million USD for the six months ending June 30, 2025, marking a turnaround from a net loss of approximately 52.1 million USD for the same period ending June 30, 2024 [1] Financial Performance - The anticipated turnaround in financial performance is primarily attributed to a fair value positive change of approximately 38.4 million USD related to redeemable convertible preferred shares, compared to a negative fair value change of about 26.8 million USD in the previous period [1] - Excluding the fair value changes of the redeemable convertible preferred shares, the company expects a net loss before tax of no less than 32.8 million USD, which represents an increase of approximately 29.6% compared to the previous period's loss of about 25.3 million USD [1] Future Expectations - Following the initial public offering and listing on July 3, 2025, all redeemable convertible preferred shares will automatically convert into ordinary shares, and the company anticipates no further fair value changes related to these shares post-listing [1]