I would like to ask why the company has been implementing its intelligent strategy and digital transformation for several years, but it seems to have no effect? ​​The performance has not exceeded the profit in 2018. Does this prove that the company's R&D and technology level are not good enough? Thank you!

HUAYU AUTOMOBILE: The company actively responds to the changing trends of automotive intelligence and electrification, and accelerates the technological innovation transformation of its core businesses and the large-scale application of its products. In the field of smart cockpits, Yanfeng Automotive Trim Systems Co., Ltd. relies on its platform-based innovative component capabilities to present advanced product solutions for future smart cockpit scenarios to vehicle customers. In July 2023, it launched the world's first industry-leading complete safety solution SafeUnit based on zero-gravity seats, which concentratedly demonstrated its integration capabilities in seats, safety, electronics, motors and other fields; in the field of smart lighting, Huayu Vision Technology (Shanghai) Co., Ltd. has completed the continuous iterative development of digital interactive headlights and digital signal light series, and has achieved significant improvements in product functions and user experience. The latest digital full-color interactive floor lamp products have been mass-produced; in the field of intelligent driving assistance, new products such as front radar, corner radar, in-cabin vital signs detection radar, and electric door collision avoidance radar independently developed by Huayu Automotive Electronics Branch have all been mass-produced, and pure solid-state laser radar has initially established closed-loop R&D capabilities such as whole machine design and testing verification; in the field of electric drive systems, Huayu Automotive Electric Systems Co., Ltd. has formed a full range of drive motors and electronic control products covering 400V-800V. Huayu Magna Electric Drive Systems Co., Ltd. has smoothly promoted the development of medium and high power electric drive system assemblies, 800V silicon carbide self-developed controllers and other projects; in the field of thermal management, Huayu Sanden Automotive Air Conditioning Co., Ltd. has accelerated the integrated transformation from air-conditioning compressors to thermal management systems by participating in the development of key platform projects for strategic core customers, forming R&D and manufacturing capabilities for thermal management integrated modules. In terms of intelligent manufacturing, the company will complete the construction of digital factories for more than 200 projects in 12 companies in Shanghai and 10 companies outside Shanghai in 2023, promoting the transparency and flexibility of full value chain management, and helping companies improve their operational capabilities and efficiency. Thank you for your attention to the company.