Strong Growth in Housekeeping and Accommodation Segment
The housekeeping and accommodation segment saw strong growth, with revenue up 70.8% year-over-year and gross profit up 63.4% year-on-year. Chengtu Homestay achieved 83.6% revenue growth and 390.8% gross profit growth, and LaiLai's accommodation business recorded a 63.6% year-over-year increase in revenue.
International Business Expansion
Used car exports achieved a 17.8% gross profit growth with gross margin improving from 4.2% to 7.0%. The partnership in Azerbaijan with Volt Auto and Bolt resulted in a project level margin of 43%.
New Partnerships and Future Prospects
The company entered into a cooperation with JD, Jingdong Takeaway, to provide delivery services, and a supply chain empowerment partnership with New World, expected to contribute approximately RMB 60 million for the full year.