Silicon carbide is popular again. Since the beginning of this year, we can see that Huawei Smart S7, Wenjie M9, Xiaomi Auto and other 800V silicon carbide models have been released intensively. Some institutional analysts pointed out that the penetration rate of silicon carbide in new energy electric vehicles is expected to double in 2024. What is your company's current production capacity?

Tianyue Advanced: Dear investors, hello! At present, the company is actively promoting capacity construction and technological improvement. The company already has leading advantages in terms of capacity scale, technical strength, customer base, etc. At present, the company's production and operation are normal, and capacity construction is progressing steadily. According to the company's 2023 performance express, the company achieved operating income of 125,069.57 million yuan, a year-on-year increase of 199.90%. In addition, according to the 2023 global conductive silicon carbide substrate material market share calculated by Fuji Economic Report, an authoritative industry research organization in Japan, the company ranks among the top three. At present, the company's automotive-grade substrates have a leading advantage in the industry, and the company has already supplied batches to well-known large manufacturers in the downstream power electronics and automotive electronics fields such as Infineon and Bosch. The company will continue to improve product quality and work with downstream customers to promote the penetration and application of silicon carbide technology. Thank you for your attention!