Core Viewpoint - Gao Xin Retail, the parent company of RT-Mart, reported a significant loss for the first half of the fiscal year, indicating challenges in the retail sector due to increased competition and consumer fatigue [1][2] Financial Performance - Gao Xin Retail's revenue for the six months ending September 30, 2025, was RMB 30.502 billion, a decrease of 12.12% year-on-year [1] - The company reported a loss attributable to equity shareholders of RMB 123 million, compared to a profit of RMB 206 million in the same period last year [1] - Revenue from merchandise sales was RMB 29.081 billion, down 12.4% from RMB 33.186 billion in the previous year, reflecting a decline in average transaction size and product prices [1] Revenue Breakdown - Membership fee income increased to RMB 18 million, up 28.6% from RMB 14 million year-on-year [2] - Rental income decreased to RMB 1.403 billion, down 7.0% from RMB 1.508 billion, attributed to rent reductions and ongoing tenant structure optimization [2] Future Development Plans - Gao Xin Retail plans to focus on a retail model that emphasizes "healthy products + enjoyable experiences + attentive service" over the next three years, aiming to cater to families and younger consumers [2]