What is the company’s R&D expenses in the first quarter of 2021?

Desay SV's answer: From January to March 2021, the company's R&D expenses were 164 million yuan, a year-on-year increase of 15.55%. The company maintained a high level of R&D investment in new technologies and new products. On the other hand, the company actively promoted organizational changes in the R&D system, leveraged regional expertise and talent advantages, integrated technical resources from R&D branches in Singapore, Germany, Huizhou, Nanjing, Chengdu, Shanghai and Shenzhen, China, to create a more efficient and flexible R&D system and enhance the company's overall R&D capabilities and R&D benefits.