I would like to ask if it is due to strategic mistakes that the company has continued to suffer losses and their losses are increasing?

NavInfo: Hello, market competition in 2023 has led to a decline in the company's product gross profit. In order to actively respond to market changes, the company continues to promote management and organizational optimization and strengthen local customer services, resulting in year-on-year increases in management expenses and sales expenses. In addition, some of the company's equity-holding companies are losing money, which has a certain negative impact on the company's short-term performance. In the future, while striving to provide customers with the ultimate cost-effective products, the company will also work hard to increase revenue scale, improve the gross profit level of each business segment, and strive for better returns to investors. Thank you for your support and understanding.