Hello, Secretary Dong, the overcapacity of battery positive electrode materials will exist for a long time. What measures has the company taken to cope with this change?

Fulin Precision: Hello, in the process of industry cycle fluctuations and market supply and demand adjustments, the entire lithium battery material industry will experience periodic overcapacity. Battery material companies with strong technical strength, customer resources, and supply chain advantages will maintain a good level of capacity utilization driven by strong market demand. The company will continue to upgrade and iterate technology and products to meet the needs of mid-to-high-end automobile OEM customers, and make efforts in many aspects such as insisting on technological innovation and cost reduction, so as to meet the changes in the future market structure with sufficient technical reserves and cost advantages. Thank you for your attention!