Increase in Transacting Customers
The number of transacting customers exceeded 70,000, reaching a new quarterly high, which strengthens the foundation for future growth.
Recovery in GMV and Revenue
GMV and revenue largely recovered to prior year levels, with GMV down 2.3% year-over-year to RMB 2.62 billion and revenues up 2.1% to RMB 2.33 billion.
Improved Profitability
Operating loss, net loss, and adjusted net loss all narrowed significantly. Adjusted net loss was down by approximately 78% year-over-year to just RMB 14 million.
Positive Cash Flow
Net cash of approximately RMB 100 million was generated from operating activities, primarily driven by the substantial narrowing of losses.
AI Integration and Efficiency
AI tools improved operational efficiency, with customer service productivity increasing by 42% and procurement productivity by 52% year-over-year.
Expansion of Product Offerings
Over 2.3 million sellable SKUs were added across various categories, bringing the total to more than 19 million, along with onboarding over 1,200 new suppliers.
Growth in Private Label Products
Private label GMV grew 16.7% year-over-year, outpacing the overall business and reaching 8.2% of total GMV.