Core Viewpoint - The company reported a slight increase in revenue for Q1 2025 but experienced a significant decline in net profit, indicating potential challenges in profitability despite stable revenue growth in certain business segments [2][3]. Financial Performance - In Q1 2025, the company achieved a revenue of 1.951 billion, a year-on-year increase of 0.38%, while the net profit attributable to shareholders was 0.03 million, down 74.64% year-on-year [2]. - For the year 2024, the company recorded a revenue of 7.011 billion, a slight increase of 0.06%, but reported a net loss of 0.28 million compared to a profit of 0.19 million in the previous year [2]. Profitability Metrics - The comprehensive gross margin for Q1 2025 was 35.54%, reflecting a decrease of 1.95 percentage points year-on-year [3]. - The period expense ratio for Q1 2025 was 28.93%, down 2.00 percentage points year-on-year, with specific expense ratios for sales, management, and finance being 10.03%, 13.63%, and 5.26% respectively [3]. Business Segment Performance - The shopping center (department store) segment showed a robust revenue growth of 10.06% year-on-year in Q1 2025, while the large-scale comprehensive market segment grew by 4.01% [4]. - The chain supermarket and real estate segments faced challenges, with revenue declines of 19.47% and 34.20% respectively [4]. - The company actively adjusted and innovated across its main business segments, including significant brand adjustments and new introductions in the Eurasia shopping series [4].