Yu Tree Technology: The company's non-GAAP net profit after deduction for the first quarter of 2026 decreased from 84.83 million yuan in the same period of the previous year to 40.25 million yuan, a year-on-year decrease of 52.55%.

Yushu Technology Co., Ltd. mentioned in the reply letter of the opinions of the review center of the application for the first public offering of stocks and listing on the Sci-Tech Innovation Board that during the reporting period, the company achieved operating income of 423 million yuan in the first quarter of 2026, with a year-on-year growth rate falling from 332.64% in the previous year to 68.49%. At the same time, due to a significant increase in period expenses such as research and development expenses and selling expenses, the non-GAAP net profit decreased from 84.8365 million yuan in the same period of the previous year to 40.2536 million yuan, a year-on-year decrease of 52.55%. The company also expects that the operating income in the first half of 2026 will be approximately 1.052 billion yuan to 1.128 billion yuan, with a year-on-year growth rate of approximately 35.62% to 45.41%. Due to the rapid increase in period expenses such as research and development investments, the non-GAAP net profit is expected to be approximately 236 million yuan to 283 million yuan, a decrease of approximately 21.97% to 6.43% compared to the same period of the previous year, and the year-on-year decrease in the first quarter of 2026 will be significantly reduced.