Core Viewpoint - The company reported a decline in its net operating revenue for November 2025 and for the cumulative period ending November 30, 2025, indicating a downward trend in financial performance compared to the previous year [1] Group 1: Monthly Performance - In November 2025, the company's net operating revenue was RMB 1.172 billion, representing a decrease of 5.1% compared to the same month last year [1] Group 2: Cumulative Performance - For the eleven months ending November 30, 2025, the company's cumulative net operating revenue was RMB 15.784 billion, which is a decline of 6.8% compared to the same period last year [1]

Core Viewpoint - The company reported a decline in net operating revenue for October 2025 compared to the previous year, indicating a downward trend in financial performance [1] Financial Performance - The net operating revenue for October 2025 was 1.709 billion RMB, a decrease of 0.7% from 1.721 billion RMB in October 2024 [1] - The cumulative net operating revenue for the ten months ending October 31, 2025, was 14.612 billion RMB, down 7.0% from 15.705 billion RMB in the same period of 2024 [1]

Group 1 - The company reported a net operating income of approximately 1.241 billion for September 2025, representing a year-on-year decline of 6.0% [1] - The cumulative net operating income for the first eight months was approximately 11.555 billion, showing a year-on-year decrease of 8.1% [1]