The company reported that its operation result made a significant turnaround, transitioning from a net loss of around RMB 510.4M in 2023 to a net income of approximately RMB 103.3M in 2024. Moreover, the company had a substantial increase in its cash and cash equivalents and Short-term investments, which further solidifies its financial position. Cash and cash equivalents and Short-term investments increased by approximately RMB 1.14B, or 148.0%, from approximately RMB 773.9M for the year ended December 31, 2023 to approximately RMB 1.92B for the year ended December 31, 2024.
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