Core Viewpoint - The company expects to report a significant loss for the mid-term of 2025, with estimated losses between RMB 100 million to RMB 130 million, a stark decline from a profit of approximately RMB 63.5 million in the same period of 2024 [1] Group 1: Financial Performance - The anticipated loss is primarily attributed to a decrease in gross profit, mainly due to a decline in revenue from the augmented reality and virtual reality (AR/VR) marketing services, expected to decrease by approximately RMB 108 million compared to the mid-term of 2024 [1] - The impairment loss on trade receivables is expected to increase by no more than approximately RMB 90 million compared to the mid-term of 2024, following an internal assessment of the recoverability of these receivables [1] - Sales and distribution expenses are projected to rise by approximately RMB 59.2 million, primarily due to increased marketing expenses paid to third-party service providers, reflecting the company's efforts to enhance and promote its services and platform during the mid-term of 2025 [1]