1. What is the company's outlook for the third and fourth quarter performance? 2. How much lithium carbonate inventory does the company have now? How will the company deal with the sharp fluctuation (fall) in the price of lithium carbonate in subsequent operations? 3. What is the company's current lithium iron phosphate production capacity utilization rate? What measures are there for the declining profit margin of the battery positive electrode business? 4. Which new energy vehicle parts and components products of the company have a leading advantage in the market? What is the impact on subse

Fulin Precision: Hello, the company has increased its investment in the research and development of new energy vehicle parts, production capacity layout, and deepened its cooperation with new energy and new energy vehicle companies in the early stage. The thermal management system and new energy electric drive system business of the company's intelligent electronic control industry has completed the designated points of major domestic independent brands and mainstream new energy vehicle companies, and the relevant new products have been delivered in batches, and are gradually increasing in scale. The company's provision for impairment in the first quarter also fully considered the impact of the continued decline in lithium prices after the first quarter reporting period. The overall situation of the lithium iron phosphate business in the second quarter improved significantly month-on-month. Relying on its precision manufacturing advantages, the company has accelerated the layout of new energy vehicle intelligent electronic control and incremental parts, including thermal management systems, new energy vehicle reducers, intelligent shock absorption systems, etc. The main representative products are electronic water pumps, electronic oil pumps, vehicle-mounted reducer assemblies, and variable damping shock absorber solenoid valves (CDC) series products. The company has first-mover advantages in the technical reserves and customer resources of electric VVT and intelligent electronic control components, and is more competitive in the market under high-threshold technical conditions. In the process of industry cycle fluctuations and market supply and demand adjustments, the entire lithium battery material industry will experience a period of overcapacity. Battery material companies with strong technical strength, customer resources, and supply chain advantages will maintain a relatively good capacity utilization rate driven by strong market demand, and the company is also accelerating the expansion of diversified customers; the company will continue to upgrade and iterate technology and products, adhere to technological innovation and cost reduction, strengthen the risk management and control capabilities of the supply chain system, and actively plan to establish a diversified lithium carbonate supply system, so as to meet the changes in the future market structure with sufficient technical reserves, cost advantages, and customer resources, and reduce the impact of price fluctuations of upstream raw materials for lithium battery positive electrodes on the company. Thank you for your attention!