Kouzi Cellar: Net profit in the first quarter was 3.29 billion yuan, a year-on-year decrease of 46.16%.

Kouzi Cellar Announcement: In the first quarter of 2026, the revenue was 1.375 billion yuan, a year-on-year decrease of 24.02%; net profit was 329 million yuan, a year-on-year decrease of 46.16%.