Financial Data and Key Metrics Changes - The company reported net revenues of RMB 25.4 million for Q2 2025, a 62.4% decrease from RMB 67.5 million in Q2 2024, primarily due to reduced revenues from district-level projects as resources were reallocated to school-based projects and subscription models [14][16] - Gross margin improved to 57.5% in Q2 2025 compared to 16% in Q2 2024, indicating a significant recovery in profitability [15][17] - Net loss on a GAAP basis decreased to RMB 26 million in Q2 2025 from RMB 55.7 million in Q2 2024, representing a 53.4% reduction year-over-year [15][18] - Cash reserves stood at RMB 350.9 million as of June 30, 2025, slightly down from RMB 359.3 million at the end of 2024 [19] Business Line Data and Key Metrics Changes - The district-level teaching and learning SaaS business continued to be a vital revenue contributor, while the school-based subscription model showed strong growth momentum [9][10] - The company focused on optimizing resources towards the subscription model, which has seen increased demand in partner schools [10][12] Market Data and Key Metrics Changes - The company is actively pursuing market penetration through diversified channels and enhancing customer acquisition efficiency, highlighted by a recent partnership for a public welfare initiative aimed at integrating AI into education [12] Company Strategy and Development Direction - The company is committed to continuous innovation and enhancing its core product portfolio, particularly through AI-driven content solutions [20] - A strategic focus on integrating AI capabilities into the consumer market is being pursued to capture new growth opportunities [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business momentum and consistent progress in core operations, driven by innovations and a focus on customer satisfaction [8][20] - The company aims to deepen market presence and enhance credibility through large-scale initiatives that promote widespread adoption of its solutions [12] Other Important Information - The Board of Directors approved a share repurchase program of up to USD 10 million, effective from September 4, 2025 [19] Q&A Session Summary - No questions were raised during the Q&A session, and the management concluded the call without further inquiries [21][22]