Tu Baby: Net profit of 722 million yuan in 2025, a year-on-year increase of 23.29%

Rabbit Baby releases an earnings brief: for fiscal year 2025, it achieved total operating revenue of 8.89B yuan, down 3.29% year over year; net profit was 722 million yuan, up 23.29% year over year. During the reporting period, the net profit attributable to shareholders of the listed company was 722 million yuan, up 23.29% year over year. This was mainly because the equity-invested company, Han Gao Group Co., Ltd., listed in July 2025, and gains/losses from fair value changes increased by 253 million yuan.

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