Hello, Secretary Dong! I have carefully read the company's 2021 interim report and made a careful comparison with Defang Nano, a company in the same industry. Regarding lithium iron phosphate materials, Defang Nano's production in the first half of 2021 was 37,048 tons, sales revenue was 1.2 billion, and the average selling price was 26,348 yuan. Fulin Precision's production capacity in the first half of the year was 12,000 tons, sales revenue was 120 million, and the average selling price was 10,360 yuan. Fulin Precision's average selling price and gross profit margin are much lower than Defa

Fulin Precision: Hello, our subsidiary Jiangxi Shenghua has relied on its advantages in technology, customers, resources, experience and other advantages in the lithium iron phosphate cathode material industry over the years to collaborate with upstream and downstream leading companies to establish R&D cooperation relationships, and continue to iterate technology, upgrade products and expand core customer markets. The 50,000-ton lithium iron phosphate cathode material project at the Shehong base in Sichuan is undergoing equipment installation and commissioning. Jiangxi Shenghua plans to invest in the construction of a 250,000-ton lithium iron phosphate cathode material project with an annual output of 60,000 tons of lithium iron phosphate cathode materials. The project is scheduled to start construction in September 2021 and will be put into production before October 2022. With the increase in production capacity and the continuous optimization of the supply chain system, the company's profitability will be further enhanced. Thank you for your attention!