Ladies and gentlemen, thank you for standing by, and welcome to Aurora Mobile Second Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I'd now like to hand the conference over to your host today, Christian Arnell. Thank you. Please go ahead, sir.

Thank you. Hello, everyone, and thank you for joining us today. Aurora Mobile's earnings release was distributed earlier today and is available on the IR website at ir.jiguang.cn. On the call today are Mr. Weidong Luo, Chairman and Chief Executive Officer; Mr. Shan-Nen Bong, Chief Financial Officer; and Mr. Guangyan Chen, General Manager. Following their prepared remarks, they will all be available to answer your questions during the Q&A session that follows. Before we begin, I'd like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management's current expectations and current market and operating conditions, which are difficult to predict and may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors are included in the company's filings with the U.S. SEC. The company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. With now -- with that, I'd now like to turn the conference over to Mr. Luo. Please go ahead.

Thanks. Christian. Greeting to all, welcome to Aurora Mobile's 2025 second quarter earnings call. Before I comment on our Q2 results. I would like to remind everyone that the quarterly earnings deck is available on our IR website. You may refer the deck as we proceed with the call today. I'm so excited about this call today and sharing this Q2 earnings release with you because this was just the best quarter we have ever had. At the end of this call, I believe all of you will be equally excited as I am now. Let's get started. As we did in the past, based on the Q2 numbers, I have a suitable description for the second quarter results, which is our new chapter in Aurora Mobile. For one very significant milestone we have achieved, we recorded the first ever quarterly net profit. This is GAAP profit by the way, in our history. This great milestone aside, we have recorded many other great operating results in this quarter 2. Let me elaborate more later in the call. Firstly, our global flagship product EngageLab, continues to expand and scale globally with great year-over-year and quarter-over-quarter customer number and contract value growth. Secondly, the group's revenue this quarter of RMB 89.9 million, achieving a remarkable year-over-year and sequential growth. This RMB 89.9 million was the higher end of the guidance we have provided. EngageLab recognized revenue also grew strongly by 67% year-over-year and 24% quarter-over-quarter. Thirdly, our financial risk management business has another great quarter, recording solid revenue growth of 27% year-over-year. Fourthly, gross profit grew strongly by 13% year-over-year while achieving the highest gross profit for the past 10 quarters. Gross margin has also improved quarter-over-quarter. In summary, I'm truly pleased with the great achievement we have had in this quarter.…

Thanks Chris. Next, I'll go over the revenue for Vertical Application that includes financial risk management and market intelligence. Overall, Vertical Application had a strong quarter where revenue increased by 10% year-over-year but decreased 4% quarter-over- quarter. Within Vertical Application, financial risk management recorded a 27% growth in revenue year-over-year, but decreased 1% quarter-over-quarter. Financial risk management has another excellent quarter recorded 2 consecutive quarters of revenue in excess of RMB 21 million. The 27% year-over-year revenue growth was mainly due to a strong 48% in customer number growth. As I have shared in the previous quarter, the upgraded product and services found their place in the financial industry vertical. We continue to see deeper cooperation and usage of our financial risk management product by many leading platforms in China. This will further solidify the continued demand for this service in the many quarters to come. We see new and existing licensed financial institutions continue to buy and use our products and services in their risk model. The customer that we signed up all renew in Q2 include, but not limited to, [indiscernible] and many more licensed credit and financial institutions throughout China. Market Intelligence revenue, on the other hand, decreased by 38% year-over-year and 23% quarter-over-quarter due to the continued weak demand for Chinese APP data. This result is within our expectation. For market intelligence we started making major and meaningful upgrades for the product to better meet the dynamic market needs. We believe upon completion, we will attract more usage and customers. Based on the current feedback we have received, it has been very encouraging. I shall provide more timely update on this upgraded market intelligence product in the future earnings call. Next, I'll go over some of the profit and loss and balance sheet items. Our gross…

Thank you. We will now begin the question-and-answer session. [Operator Instructions] We will now take out first question from the line of [ Kelvin Wong from Speaker Capital ].

First of all, congrats on the great first GAAP net profit in the history. I would like to have 2 questions, if I may. The first question, I will be appreciated if you could share with us what was the factors behind the great results in Q2. And secondly, more on outlook, are you expecting quarterly GAAP net profit to be along going forward?

Kelvin, good to hear from you again. Let me take this call -- take this question. This quarter's breakthrough performance reflects a collaborative effort of multiple forces. It is primarily driven by the diligent contribution of our employees in Aurora Mobile, whose ongoing commitment to overcoming challenges across technology, development, customer service and operational execution has collectively strengthened the foundation for the performance growth. And more importantly, our forward-looking strategy have anchored a clear direction for the business development with the precise execution. From a business perspective, the growth momentum stem from the strong push of internal and external dual engine. On one hand, our overseas flagship product, EngageLab continues to accelerate its expansion, constantly breaking boundaries to globalized reach and localized service capability. On the other hand, our AI agent platform, GPTBot.ai leveraging AI-driven technological empowerment to drive innovative across business scenario, becoming the next growth engine. It is worth emphasizing that domestic market also performing well in this quarter, achieving solid year-over-year growth and creating synergistic pattern of internal and external linkage of growth alongside with overseas markets, together contributing to this quarter's outstanding over performance. And also from a deeper perspective on business drivers and financial support, these driving forces are not short-term variables but rooted in the long-term accumulation of capability building, strategic implementation and market trends and with the ongoing release of synergies between internal and external businesses, the continuous deepening of technologic empowerment and the steady advancement of strategic execution will bring us across the line. And Kelvin, I hope this answers your question.

We will now take our next question from [ Marco Zhang from Gelonghui Research ].

This is Marco from Gelonghui Research. Congrats to the management for delivering a set outstanding results in this quarter. It has been proven that the business model does work and it works well to deliver net profit, in particular we know that your EngageLab has been delivering strong numbers and is driving the growth for the group. So appreciate management to share more on this business, including the current and future states.

Marco, thanks for your question. Also let me take this question, too. As you rightly pointed out, our EngageLab product, our flagship product is highly promising business segment of the group, and it has already demonstrated strong business viability and becoming the group's next engine group. Currently, EngageLab is serving customers in more than 45 countries and region worldwide with a total signed contract amount -- affects existing RMB 113 million in a year-on-year revenue growth of 67%. And looking ahead to the upcoming quarters, we are confident and have high hopes of EngageLab growth momentum. And from the perspective of market expansion, its global market footprint has clearly outlined its path. We have established localized presence in Hong Kong Singapore and Malaysia and is solidifying the services foundation by forming local teams in Thailand and Japan. And leveraging this regional depth and localized service capability, combined with the existing technological advantage and service experience, EngageLab will continue to penetrate market demand across different industries and regions, attracting more customers to collaborate. And both Chris and myself are very confident on the continuous growth trajectory of this business. I hope this answers your question, Marco?

I am showing no further questions. I'd now like to turn the conference back to Christian for closing comments.

Thank you, everyone, for joining our call tonight. If you have any further questions and comments, please don't hesitate to reach out to the IR team. This concludes the call. Have a good evening or morning. Thank you.

This concludes today's conference call. Thank you for participating. You may now disconnect your lines.