Does your company have a clear competitive advantage over its peers such as Huatian, Tongfu Microelectronics, and even ASE? Why is your gross profit margin always low?

Changdian Technology: Hello, the company is a world-leading integrated circuit manufacturing and technology service provider, providing a full range of one-stop services for chip finished product manufacturing, including system integration, design simulation, technology development, product certification, wafer testing, wafer-level mid-way packaging and testing, system-level packaging and testing, chip finished product testing, and can provide direct shipping services to semiconductor customers around the world. Compared with domestic peers, it has the following competitive advantages: 1. Rich customer base: global and diversified customer resources; 2. World-class packaging and testing technology: creating a full range of packaging and testing product portfolios; 3. World-leading R&D strength: leading the development direction of packaging and testing technology in mainland China; 4. Global strategic layout: six major production bases and two major R&D centers with competitive advantages: 5. International management capabilities: coordinated development at home and abroad. Compared with its friends, the company has more overseas major customers, with different customer characteristics, and there are also significant differences in scale and investment. In the first quarter of 2021, the net profit attributable to the parent company after deducting non-recurring gains and losses increased by about 10% month-on-month, and the gross profit margin increased by 0.6 percentage points month-on-month. Thank you!