🔹 Adj. EPS: ¥20.15 (Est. ¥19.68) 🟢
🔹 Revenue: ¥110.62B (Est. ¥116.03B) 🔴; UP +24% YoY
🔹 Operating Profit: ¥25.59B; UP +14% YoY
🔹 Net Income: ¥27.45B; UP +18% YoY
Segment Performance
🔹 Online Marketing Revenue: ¥57.01B; UP +17% YoY
🔹 Transaction Services Revenue: ¥53.60B; UP +33% YoY
Key Financial Metrics
🔹 Operating Expenses: ¥37.22B; UP +19% YoY
🔹 Sales & Marketing Expenses: ¥31.36B; UP +18% YoY
🔹 R&D Expenses: ¥3.78B; UP +32% YoY
🔹 General & Admin Expenses: ¥2.09B
Cash & Balance Sheet Metrics
🔹 Operating Cash Flow: ¥29.55B
🔹 Cash, Equivalents & Short-Term Investments: ¥331.6B
Management Commentary
🔸 Co-CEO Lei Chen: "We remained committed to driving sustainable growth for both our platform ecosystem and the broader supply chain."
🔸 Co-CEO Jiazhen Zhao: "Leveraging our digital capabilities, we continue to give back to consumers and support quality merchants."
🔸 VP of Finance Jun Liu: "Stable financial results supported by resolute execution of our high-quality development strategy."
