Revenue: 168,431,000 CNY (YoY +84.1%; QoQ 0.0%). Gross Profit: 33,430,998 CNY; Gross Margin: 19.85% (YoY margin not disclosed for direct comparison). EBITDA: -4,770,000 CNY; EBITDA Margin: -2.84%. Operating Income: -8,812,000 CNY; Operating Margin: -5.23%. Net Income: -5,999,000 CNY; Net Margin: -3.56%. EPS: -0.0150 CNY. Cash Flow: Operating cash flow per-share -0.0469 CNY; Free cash flow per-share -0.0472 CNY; Cash per share 0.261 CNY. Liquidity: Current ratio 0.863, Quick ratio 0.863, Cash ratio 0.167. Asset efficiency: Asset Turnover 0.484; Fixed Asset Turnover 15.87. Leverage: Debt ratio 0.00249; Debt to equity 0.0291; Equity multiplier 11.68. Valuation (as of QQ2 2025): Price-to-Book 0.771; Price-to-Sales 0.136; Price-to-Earnings negative; Enterprise Value Multiple 4.23.