The company reported revenue of 25.7 million yuan, roughly $3.8 million, trailing far behind the 61.2 million yuan projected by analysts surveyed by FactSet. This financial performance also highlighted a deepening net loss, which reached 126 million yuan, or 1.66 yuan per ADS. This figure marks a sharp decline from the 78.1 million yuan loss reported during the same period last year.

Despite the immediate market reaction, management maintained its previous fiscal-year sales guidance of 600 million yuan. This outlook remains slightly more optimistic than the 587.5 million yuan figure currently anticipated by analysts.