The company announced that the Group expects to achieve a turnaround to profitability for the fiscal year ending December 31, 2025, reporting a net profit of no less than $20 million. This compares to an audited net loss of approximately $268 million for the year ended December 31, 2024.

The anticipated return to profit is primarily attributed to the following factors during the period: sustained revenue growth, with revenue from overseas business continuing to contribute a high growth rate of approximately 70% year-on-year; an improvement in gross profit margin by 2 to 3 percentage points year-on-year, benefiting from the implementation of cost optimization measures despite downward pressure on product prices from domestic industry policies in China; a reduction in the Group's operating expenses by approximately 10% to 11% year-on-year, driven by the continued deepening of lean management and enhanced operational efficiency; and a positive contribution to the Group's earnings from the disposal of a subsidiary.