Naixue Tea: In 2025, after adjustments, the net loss was 240 million yuan, a year-on-year decrease of 73.8%.

Heytea: In 2025, the group's revenue decreased by 12.0% year-on-year to RMB 4.331 billion; adjusted net loss decreased significantly by 73.8% from a loss of RMB 919 million in 2024 to a loss of RMB 240 million in 2025.