Core Viewpoint - The company reported a decline in revenue and significant losses for the six months ending June 30, 2025, indicating ongoing financial challenges [1] Financial Performance - Revenue for the period was RMB 10,134.7 million, a decrease of 4.9% compared to the same period in 2024 [1] - Gross profit for the period was RMB 475.7 million, down 41.0% from the previous year [1] - The gross profit margin was recorded at 4.7% [1] - The company recognized a non-cash impairment of goodwill and intangible assets related to automotive dealership rights totaling RMB 867.9 million [1] - The net loss for the period amounted to RMB 818.2 million [1]