KaiKai Corporation: Net profit in the first half of 2025 was 11.801 million yuan, a year-on-year decrease of 61.94%.

KaiKai Industry Announcement: In the first half of 2025, the operating income was 543 million yuan, a year-on-year increase of 10.95%. Net profit was 118.01 million yuan, a year-on-year decrease of 61.94%.