Baolande announced that in 2025, the company achieved total operating revenue of 230.3601 million yuan, a decrease of 18.72% compared to the same period last year; net profit attributable to owners of the parent company was -75.2275 million yuan, an increase in the loss of 16.5051 million yuan compared to the same period last year; Net profit attributable to owners of the parent, excluding non-recurring gains and losses, was -102.753 million yuan, representing an increase in the loss of 47.9636 million yuan compared to the same period last year. Total assets at the end of the reporting period were RMB 709.8004 million, a decrease of 8.23% from the beginning of the period; equity attributable to owners of the parent company was RMB 650.0726 million, a decrease of 10.48% from the beginning of the period.