ICE Vehicle Market Share LossOverall visibility for future performance remains limited due to industry shifts, including market share loss of ICE vehicles to NEVs and extended pricing pressures.
Legacy Business ChallengesLegacy businesses, including Media Services and Leads Generation, are experiencing sustained pressure with a year-over-year decline, reflecting challenges like price wars and industry overcapacity.
Margin PressureGPM declined to 63.7% due to heavier upfront investment in new biz and mix shift.