In the first half of 2023, the revenue of the smart IoT business was 504.5793 million yuan, a year-on-year decrease of 38.53%. Why did it drop so much? Is it because the contract orders are all recognized in the second half of the year?

ThunderSoft: Hello. The IoT business will experience seasonal fluctuations. From the perspective of demand, it will gradually recover in the second half of the year. Thank you for your attention!