Core Insights - The company reported a 5.7% increase in net revenue, rising from RMB 2.2 billion for the six months ending November 30, 2024, to RMB 2.3 billion for the same period in 2025. Excluding revenue from the collaboration with Huizhong, total revenue increased by 17.0% from RMB 2.0 billion to RMB 2.3 billion [1] - The company transitioned from a net loss of RMB 96.5 million for the six months ending November 30, 2024, to a net profit of RMB 239.0 million for the same period in 2025, establishing a solid foundation for long-term sustainable development [1] - The company demonstrated strong operational resilience in the face of unexpected challenges, achieving significant recovery with both revenue and net profit showing year-on-year growth [1] Product Development and Supply Chain - The company made significant progress in product development and supply chain optimization, expanding its product categories from fresh food and snacks to a more diversified range, launching a total of 801 self-operated SPUs by November 30, 2025, up from 600 SPUs a year earlier [2] - New product categories include seafood, nutritional supplements, kitchen condiments, dairy products, personal care items, and home cleaning products, effectively meeting consumer demands for health and convenience, thereby driving overall sales and profit growth [2] - The company's GMV for the six months ending November 30, 2025, reached RMB 4.1 billion, representing a 16.4% increase from RMB 3.6 billion in the previous fiscal year, with a significant portion of GMV coming from Douyin [2] Future Direction - The company aims to continue its commitment to becoming a live shopping platform that selects quality products for customers, focusing on self-operated agricultural products, and providing a pleasant cultural experience [3] - The company is dedicated to promoting public welfare and creating value for society as part of its mission [3]