Financial Data and Key Metrics Changes - Total revenue grew by 10.4% year on year to RMB1.65 billion, driven primarily by a 75% revenue growth from the Financial Services segment [21][22] - Net income rebounded to RMB358 million, representing a 44.5% increase quarter on quarter but a 12.7% decrease year on year [22][29] - The net margin improved from 16% in the first quarter to 22% in the second quarter [29] Business Line Data and Key Metrics Changes - Financial Services segment accounted for over 90% of total revenue, with loan volume facilitated reaching RMB20.3 billion, a 34% increase quarter over quarter and a 57% growth year over year [10][22] - Revenue from the Financial Services segment increased by 75% year on year to RMB1.5 billion [22][23] - The insurance segment's gross written premium declined by 20% year over year but increased by 6% compared to the first quarter [24] Market Data and Key Metrics Changes - Loan volume in the Philippines reached nearly RMB200 million, representing a 54% growth compared to the previous year [17] - The digital insurance business achieved 103% quarter over quarter growth in gross premiums, reaching RMB8.3 million in Q2 [18][24] Company Strategy and Development Direction - The company focuses on three strategic priorities: AI innovation, geographic expansion, and operational excellence [6][7] - Plans to develop a fully autonomous AI agent platform to integrate and automate operational processes [17] - The company is exploring different risk-sharing models with partners to mitigate potential risks from new regulations [9] Management's Comments on Operating Environment and Future Outlook - Management noted that the recent loan facilitation regulation may increase credit risk and capital costs but could also trigger industry consolidation, benefiting established platforms [8][9] - The company remains cautiously optimistic about business prospects, projecting revenue for 2025 to be in the range of RMB1.4 billion to RMB1.6 billion [30] Other Important Information - The company announced a cash dividend of US$0.22 per American depository share, payable on October 15, 2025 [19][29] - The overall risk performance remained stable, with a slight increase in early delinquency rates in June, which improved in July due to tightened credit measures [14][15] Q&A Session Summary Question: Does Euron Digital intend to continue to increase crypto investment? - Management acknowledged the momentum in crypto assets and indicated that they will continue to explore this emerging asset class [34][36] Question: Do you hedge the risks of investing in crypto? - Management stated that they do not hedge directly on the crypto assets but maintain a long-term view on their value [39][42]