Shanghai Kaibao: Net profit in the first half of 2025 was 122 million yuan, a year-on-year decrease of 14.20%.

Shanghai Kaibao Announcement: In the first half of 2025, the operating income was 605 million yuan, a year-on-year decrease of 27.08%; net profit was 122 million yuan, a year-on-year decrease of 14.20%. During the reporting period, the company achieved operating income of 605 million yuan, a decrease of 27.08% compared to the same period last year; net profit attributable to shareholders of the listed company was 122 million yuan, a decrease of 14.20% compared to the same period last year. The company's operating performance has declined, mainly due to the continued impact of factors such as insufficient market demand, intensified industry competition, and industry policies.