Financial Performance - GMV reached RMB 727 billion, showing seven consecutive quarters of year-over-year growth[6] - Revenue reached RMB 666 billion, also marking seven consecutive quarters of year-over-year growth[6] - Non-GAAP net profit was RMB 1013 million, achieving twelve consecutive quarters of Non-GAAP profitability with a margin of 15%[6] - GAAP net profit was RMB 829 million, demonstrating seven consecutive quarters of GAAP profitability with a margin of 12%[6] - Gross profit was RMB 19226 million with a gross margin of 289%[19] Operational Highlights - Good product SKUs accounted for 372% of the total in September, a +231 percentage point increase compared to January[7] - GMV from good products reached 447% of total GMV in September[7] - Core market GMV growth for Shanghai, Jiangsu, and Zhejiang was +14% year-over-year[7] - The number of monthly transacting users increased by +41% year-over-year[8] - Average monthly order per user was 46 orders, a +49% year-over-year increase[8] Cash Flow - The company had a RMB 1444 million operating cash inflow[25] - Self-owned fund balance was RMB 303 billion, showing a net increase for the ninth consecutive quarter[25] Strategy - The company is focusing on a high-volume, top-selling product strategy[9] - Expansion into smaller and medium-sized cities in the Jiangsu, Zhejiang, and Shanghai regions is underway, with 17 newly opened stations in Q3[10]