Group 1 - The core viewpoint of the article highlights that Jiamaojiu Group reported a revenue of RMB 2.753 billion for the first half of 2025, reflecting a year-on-year decline of 10.1%, while the net profit attributable to shareholders remained stable at RMB 60.7 million, with a net profit margin of 2.2% [1] - The company adopted a more cautious store opening strategy and initiated a store layout optimization process for all brands since the fourth quarter of the previous year, laying a solid foundation for long-term development and profit recovery [1] - The revenue contribution from Taier Sauerkraut Fish accounted for 70.8% of Jiamaojiu Group's total revenue, serving as a key pillar for the company's performance [1] Group 2 - Taier launched a new 5.0 fresh model in the first half of 2025, which has received positive market feedback and data validation after nearly a year of trial and exploration [1] - As of July 31, 2025, the number of Taier fresh model stores reached 64, with expectations to exceed 150 by the end of the year, and a complete upgrade of all Taier stores planned for 2026 [2] - The adjusted fresh model has significantly increased daily dining revenue, with an average year-on-year growth of approximately 15 percentage points compared to the conventional model [2]