In 2021, the installed capacity of lithium iron phosphate batteries far exceeded that of ternary batteries. BYD's blade batteries use lithium iron phosphate batteries. Is the company's large-scale expansion of production a possibility of a blowout in demand for lithium iron phosphate batteries in the future?

Fulin Precision: Hello, the development of new energy industry and lithium battery terminal applications drives the development of upstream raw materials. Jiangxi Shenghua, a subsidiary of the company, seizes the development opportunities of the industry, continues to iterate technology, upgrade products and expand the core customer market, and makes efforts in many aspects such as insisting on technological innovation and cost reduction. Based on the needs and changes of the industrial market, Jiangxi Shenghua will also optimize the production capacity layout according to customer needs, continuously improve effective production capacity, and meet the needs of the market and customers. Thank you for your attention!