Group 1 - The company reported a revenue of RMB 3.827 billion for the six months ending June 30, 2025, with a profit of RMB 1.885 billion, representing a year-on-year increase of 132.83% [1] - Online music service revenue increased by 15.9% to RMB 2.967 billion, driven by enhanced user experience and membership benefits [1] - The number of monthly active users continued to grow, with a stable daily active users to monthly active users ratio above 30% [1] Group 2 - The company expanded its unique content offerings, including popular Korean music labels and works from well-known Chinese musicians, while also focusing on original music [2] - The main product was upgraded for better visual appeal and usability, enhancing music discovery and consumption experiences [2] - Interactive features were enhanced to increase user engagement and participation within the music community [2] Group 3 - Membership subscription revenue grew by 15.2%, supported by an increase in membership scale despite some dilution from changes in membership structure [3] - The company's gross margin improved to 36.4%, benefiting from business scale expansion and strong monetization of core online music services [3] - The company introduced various premium services and upgraded membership benefits, leading to higher user engagement and retention rates [3]