Total net revenues were RMB297.4 million (US$41.5 million) for the first half of 2025, representing a decrease of 67.0% compared to RMB901.1 million for the first half of 2024. Total gross written premiums facilitated were RMB8.11 billion for the first half of 2025, down 8.3% from RMB8.84 billion for the same period in 2024. First year premiums decreased by 68.0% to RMB450.1 million, while renewal premiums increased by 3.0% to RMB7.66 billion. Operating loss was RMB7.8 million (US$1.1 million) for the first half of 2025, compared to operating income of RMB52.2 million for the corresponding period in 2024. Operating margin was negative 2.6% for the first half of 2025, compared to 5.8% for the same period in 2024. Loss from fair value change was RMB18.0 million (US$2.5 million) for the first half of 2025, compared to RMB73.8 million for the first half of 2024. Income tax expense was RMB8.4 million (US$1.2 million) for the first half of 2025, up 16.7% from RMB7.2 million for the first half of 2024. Net loss from continuing operations was RMB473.3 million (US$66.1 million) for the first half of 2025, compared to RMB1.5 million for the first half of 2024. Net income from discontinued operations was RMB3.2 million (US$0.5 million) for the first half of 2025, compared to RMB3.8 million for the same period of 2024. Net loss attributable to the company's shareholders was RMB465.7 million (US$65.0 million) for the first half of 2025, compared to net income for the same period in 2024.