According to Red Star Cold Chain's announcement, the Group expects to record net profit of about RMB 9 million to RMB 10 million for the six months ended June 30, 2026, a decrease of about 74% to 77% compared with net profit of about RMB 39.7 million for the six months ended June 30, 2025. The Board believes that the expected decline is mainly due to macroeconomic pressure and industry inventory removal, strategic support measures and exchange losses.

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