Group 1 - The service industry is a crucial channel for absorbing rural labor employment, with increasing demand for labor driven by the booming silver economy and the trend towards specialized and segmented service consumption [1] - In the third quarter, the demand for positions in the elderly care and nursing sectors grew by 29.2% year-on-year, with specific job roles such as caregivers and rehabilitation therapists seeing demand increases of 36.1% and 25.7% respectively [3] - The home service industry also experienced a year-on-year recruitment demand growth of 13.3% [3] Group 2 - The pet service industry saw a significant year-on-year increase in recruitment positions of 43.7% in the third quarter, with pet doctors and pet grooming roles experiencing remarkable growth rates of 128.2% and 67.3% respectively [5] - The rise in the number of new energy vehicles has led to an expansion in demand for related services such as maintenance, modification, and parts, with positions like car washers, automotive repair, and automotive beauty seeing year-on-year growth of 85.4%, 64.2%, and 25.9% respectively [5]

Financial Data and Key Metrics Changes - The company reported a revenue of $15.2 million and an adjusted EBITDA loss of $1.2 million for Q1 2025, both showing a slight decline compared to Q4 2024 [6][12] - Total costs and expenses decreased by 25% year over year, amounting to over $6 million [12] - The company ended Q1 with $11.7 million in cash and cash equivalents and accounts receivable [14] Business Line Data and Key Metrics Changes - Revenue from services was $4.9 million, wellness was $9.2 million, and pet food and treats was $1.1 million in Q1 2025 [12] - Sales and marketing expenses were $10.4 million, which is within the historic range of 60% to 70% of revenue [13] Market Data and Key Metrics Changes - The company had 472,000 platform participants in the WAG ecosystem, reflecting a sequential growth of 6% quarter over quarter [12] Company Strategy and Development Direction - The company is focused on disciplined cost management and operational efficiencies, which have led to improved adjusted EBITDA despite a year-over-year revenue decline [6][7] - Strategic partnerships with three major distribution partners are expected to enhance marketing positioning and drive growth in the insurance comparison business starting in Q2 2025 [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum seen in early Q2 and emphasized a commitment to disciplined execution while growing efficiently [10][11] - The company remains committed to evaluating all strategic options to drive shareholder value [14] Other Important Information - The company is investing in AI and other technologies to optimize processes and systems, leading to increased efficiencies [13] - The board is evaluating potential options to improve the balance sheet and reduce debt [14] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with closing remarks from the CEO [15][16]