Core Viewpoint - The company expects a significant increase in net loss for the six months ending June 30, 2025, estimating a loss of no less than RMB 20 million compared to a loss of approximately RMB 900,000 for the same period in 2024 [1] Financial Performance - The estimated loss increase is attributed to multiple external factors affecting the lace and dyeing business, including a temporary rise in fuel prices, regional tariffs disrupting end demand, intense domestic market competition, and a strategic sale of outdated high-energy-consuming machines leading to a one-time loss of approximately RMB 55 million [1] - The performance decline in the lace and dyeing business resulted in further impairment losses on property, plant, and equipment of approximately RMB 44 million [1] - The establishment of the Hong Kong CR7®LIFE Museum incurred one-time setup costs, with the company's share of joint venture losses amounting to approximately RMB 8.1 million [1] Business Segments - Despite the challenges faced, the footwear business maintained stable revenue, showing an annual growth of approximately 5%, providing strong support to the overall business [1] - The overall financial condition of the company remains robust [1]