Financial Data and Key Metrics Changes - The company's revenue for Q1 2025 reached RMB 89 million, representing a 48% year-over-year growth, marking the highest Q1 revenue since transitioning to a pure SaaS model [6][25] - Gross profit increased by 27% year-over-year, achieving the highest gross profit in the past nine quarters, with gross margin improving by 530 basis points quarter-over-quarter [8][20] - Adjusted EBITDA was positive for the seventh consecutive quarter, indicating sustained operational efficiency [8][27] Business Line Data and Key Metrics Changes - Developer Services revenue grew by 39% year-over-year, with subscription revenue increasing by 26% year-over-year [10][11] - Engage Labs recognized revenue surged by 127% year-over-year, with total contract value exceeding RMB 110 million in Q1 2025 [12][26] - Financial Risk Management recorded its best quarter ever, with revenue of RMB 22.2 million, reflecting a 64% year-over-year growth [7][17] Market Data and Key Metrics Changes - The advertising spending recovery in Q1 contributed to a 269% year-over-year increase in Value Added Services revenue [15] - Market Intelligence revenue decreased by 26% year-over-year, indicating ongoing weakness in demand for Chinese app data [18] Company Strategy and Development Direction - The company aims to invest more resources into the development of its enterprise AI agent platform and its global expansion [9] - The management emphasized the importance of balancing R&D and marketing expenses to sustain growth while aiming for profitability [41][43] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth momentum continuing into the rest of 2025, with Q2 revenue guidance projected between RMB 87.5 million and RMB 90.5 million, reflecting a 10% to 14% year-over-year increase [27][28] - The management acknowledged the need for continued investment in R&D and marketing to maintain competitive advantage and support future growth [41][43] Other Important Information - The company repurchased 16,000 ADS in Q1 2025, with a total of 295,000 ADS repurchased since the start of the program [28] Q&A Session Summary Question: Outlook for EngageLab business after achieving RMB 110 million contract value - Management confirmed the calculation of newly signed contracts and highlighted the ability to win significant contracts globally, though they set realistic expectations for future quarters [31][35] Question: When can the company expect quarterly net profit despite revenue growth? - Management explained that while revenue and gross profit are growing, certain necessary expenses for R&D and marketing are impacting net profit, emphasizing the need for a balance between spending and growth [39][44]