MEIHAO GROUP (01947) has announced an expected net loss for the fiscal year ending December 31, 2025, projected to be between approximately RMB 13.1 million and RMB 19.8 million. This compares to a net loss of approximately RMB 32.6 million for the fiscal year ended December 31, 2024. The Board of Directors attributes the reduction in losses primarily to the net impact of several factors. These include a substantial increase in the Group's revenue scale and the continuous expansion of its business operations, which have led to the gradual emergence of economies of scale. This expansion has effectively diluted fixed costs such as depreciation and rental expenses, resulting in a significant improvement in overall profitability. Furthermore, share-based payment expenses have decreased notably. The Group has also persistently optimized its human resource allocation and staff structure, reasonably enhancing personnel efficiency. This has led to a steady decline in the proportion of employee compensation to revenue, highlighting effective control over labor costs. Additionally, the continuous strengthening of cost control measures and improvements in internal operational efficiency have further tightened control over various operating expenses. These efforts have achieved an effective reduction in operating costs and a sustained optimization of operational quality.