GLONGHUI November 9 | On November 9, China announced its results for the first three quarters of 2023 on November 9. The GMV generated by merchants through Youzan's solution was approximately RMB 74.9 billion. The GMV of the store SaaS business was approximately RMB 37.2 billion, an increase of about 19% over the previous year. In the first three quarters of 2023, the revenue of China's support was about RMB 1.08 billion, of which revenue from subscription solutions was about RMB 630 million, and revenue from merchant solutions was about RMB 450 million. Merchant ARPU increased to 16,247 yuan, an increase of about 32% over the previous year. The gross profit amount was approximately RMB 750 million, up about 8% year on year; gross margin increased by about 6 percentage points year on year. The effect of improving the company's operating efficiency is obvious. The adjusted profit before interest, taxes, depreciation and amortization is approximately RMB 7.2 million.