Backed by SAIC and the large Shanghai market, what development advantages and resource advantages does HUAYU Automotive have? How much is the company's annual R&D expenditure? Is the company a high-tech enterprise? What is the technical content of its products?

HUAYU AUTOMOBILE: The company's consolidated research and development expenses in 2022 are about 7.2 billion yuan, mainly in the fields of multi-sensor and software and hardware fusion systems for intelligent driving, intelligent cockpit systems, digital intelligent visual systems, thermal management systems, electric drive systems, etc., to promote the transformation and upgrading of core businesses. In 2022, 83 companies under the company have the title of high-tech enterprises. Thank you for your attention to the company.