I would like to ask, the company invests 1.2 billion in R&D costs every year. With so much R&D cost, what results have they achieved? Why does the company lose money every year? Are the losses getting bigger and bigger?

NavInfo: Hello, the company is currently focusing on the main track of automotive intelligence, and is committed to becoming a supplier of software and hardware combination solutions with intelligent driving as the core, integrating chips, cockpits, data and other products. In the future, we will continue to make efforts in related fields, and at the same time consider investing within our means in R&D, and strive to increase the gross profit level of each business segment. Thank you for your attention.