Core Viewpoint - The company, Lianhua Supermarket, anticipates a significant reduction in net losses for the fiscal year ending December 31, 2025, compared to the previous year, with a decrease expected between 35% to 55% [1]. Financial Performance - For the fiscal year ending December 31, 2024, the audited net loss attributable to shareholders is approximately RMB 359 million [1]. - For the nine months ending September 30, 2025, the unaudited revenue is about RMB 14.862 billion, reflecting a year-on-year decrease of 12.53% [1]. - The unaudited cost of goods sold for the same period is approximately RMB 12.26 billion, with a net loss attributable to shareholders of about RMB 107 million [1]. Strategic Adjustments - The expected decrease in net losses is attributed to the company's overall strategic planning adjustments, gains from the sale of subsidiary equity, and optimized resource allocation [1]. Historical Context - Lianhua Supermarket has not been profitable from 2015 to 2023, with a record high net loss of nearly RMB 800 million in 2023 [2]. - The gross profit margin reached a historical low of 11.49% in the first half of 2024 [2]. - By 2025, the company will have incurred losses for 11 consecutive years [2].