For the six months ended June 30, 2025, total revenue was RMB 821.8 million (≈ USD 115.8 million), representing a 20.8% year-over-year decrease. The decline was mainly attributable to the Company’s strategic transformation, with a full focus on AI, including proactive downsizing of non-core and less efficient operations, and optimization...
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The company currently has 414 stores in operation. During the fiscal 2025 third quarter, the company expects to close approximately four additional stores and does not expect to open any new stores.
Global expansion is certainly on the horizon, and we’re excited to explore international growth when the time is right and the momentum aligns.
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