Tesla will build a lithium refinery. Is this direction the mainstream direction in the future? Is your company currently planning battery-grade lithium hydroxide? How is the industry development compared? Although lithium carbonate has rebounded, there is still overcapacity in the mid- and low-end. What progress has your company made in mid- and high-end products? The leading companies are still in a situation where demand for high-end products exceeds supply. Can your company's industrial iteration and upgrading increase the added value of lithium production capacity?

Fulin Precision: Hello, the company's main products are automotive parts and lithium iron phosphate, anode materials for lithium batteries, and lithium carbonate is the company's upstream raw materials. The company's technological innovation, product upgrades, and production capacity layout are closely integrated with customer technological innovation and upgrade trends and market demand. The company will continue to promote technological iteration and product upgrades based on market and customer needs, increase forward-looking research and investment in new energy battery-related fields, and strengthen in-depth cooperation with industry chain ecological partners to achieve high-quality development in the new energy industry track. Thank you for your attention!