The total operating expenses were RMB 1.3 billion, down 3% sequentially. Benefited from our disciplined expense management.

Nov 18, 2025 / CFO / receipt, needs a key / Jun Wang, CFO | earnings call 2025-11-18 | transcript 8bba9f9b-f651-4cde-befc-c2e693d27b77 | chars 21151-21274 | segment 21