ZG Group has reported its unaudited interim consolidated results for the six months ended June 30, 2025. The Group's total Gross Merchandise Volume (GMV) reached RMB 63,989.6 million, a decline from RMB 101,089.3 million recorded in the same period in 2024. GMV for steel products was RMB 63,778.3 million, down from RMB 100,917.5 million in the previous year, while GMV for non-steel products increased slightly to RMB 211.3 million from RMB 171.8 million. The adjusted net loss (non-IFRS measure) for the period was RMB 51.6 million, compared to an adjusted net loss of RMB 42.5 million for the six months ended June 30, 2024. Adjusted EBITDA (non-IFRS measure) showed a loss of RMB 32.1 million, compared to a loss of RMB 6.0 million in the previous year, primarily due to lower finance costs. Operating expenses, excluding share-based payments and listing expenses, totaled RMB 223.3 million, resulting in an operating expense ratio of 28.0%, a slight decrease from 28.3% in the first half of 2024. No significant events affecting the Group were reported after the end of the reporting period.