For the six months ended June 30, 2024, the Group reported gross profit of RMB 126.076 million, compared to RMB 139.662 million in the prior period, a decrease of RMB 13.586 million or 9.7%. Gross profit margin increased from approximately 19.5% in the prior period to 23.1%, mainly due to an overall decrease in the cost of raw materials. Net profit for the period was RMB 15.334 million, down RMB 5.196 million or 25.3% from RMB 20.530 million in the prior period. The decrease in net profit was mainly due to higher selling and distribution expenses, which amounted to RMB 92.591 million, compared to RMB 98.762 million in the prior period. Administrative and general expenses were RMB 17.184 million, compared to RMB 16.630 million in the prior period. Profit for the period attributable to owners of the Company totaled RMB 13.908 million, compared to RMB 20.537 million in the prior period. Total comprehensive income for the period attributable to owners of the Company was RMB 14.342 million, compared to RMB 20.334 million in the prior period. Finance costs for the period were RMB 960,000, up from RMB 519,000 in the prior period. The net loss on financial assets at fair value through profit or loss was RMB 131,000, compared to RMB 3.19 million in the prior period. Income tax expenses were RMB 2.156 million, compared to RMB 2.689 million in the prior period. The share of result of an associate was a loss of RMB 55,000, compared to a loss of RMB 38,000 in the prior period. The Group's selling and distribution expenses for the period accounted for approximately 7.0% of segment revenue, compared to 5.4% in the prior period. Segment profit was RMB 4.951 million, compared to RMB 4.199 million in the prior period. Exchange differences on translating foreign operations resulted in a gain of RMB 434,000 for the period, compared to a loss of RMB 203,000 in the prior period. Non-controlling interests contributed RMB 1.426 million to profit for the period, compared to a negative RMB 7,000 in the prior period.