Core Viewpoint - TCL Smart Home indicated that as of the end of the first half of 2025, the company's parent company will have negative undistributed profits, which does not meet the profit distribution conditions outlined in its articles of association [2] Group 1: Financial Performance - The company has experienced continuous growth in operating scale and profitability in recent years [2] - TCL Smart Home has been optimizing products and services, expanding market share, and strengthening cost control to achieve steady profit growth [2] Group 2: Future Outlook - The company is committed to actively returning value to investors once it meets the profit distribution conditions, considering its strategy, current and future profit scale, and cash flow situation [2]