Secretary Dong, I read the company's third quarter financial report and found that the revenue was similar to that of the third quarter of last year (slightly increased), but the net profit dropped significantly. What is the reason? In addition, the company's financial expenses increased significantly compared to last year. What is the reason?

Huayu Auto: According to the consolidated statement, from January to September 2023, the company achieved operating income of 121.6 billion yuan, an increase of 7.28% over the same period last year; it achieved a net profit attributable to shareholders of listed companies of 4.740 billion yuan, an increase of 7.28% over the same period last year. down 2.81%. On a quarterly basis, the company's operating income in the third quarter (July-September 2023) was 44.59 billion yuan, an increase of 0.07% compared with the same period last year (July-September 2022). Compared with the second quarter of this year (2023 Affected by factors such as intensified industry competition, changes in vehicle customers and product structure, and continued transmission of price reduction pressure, the company achieved vesting in the third quarter of this year (July to September 2023). The net profit of shareholders of listed companies was 1.9 billion yuan, a decrease of 19.51% compared with the same period last year (July-September 2022), but an increase of 35.04% compared with the second quarter of this year (April-June 2023) , the company's performance has shown a trend of recovery quarter-on-quarter since this year. The increase in the company's financial expenses is mainly due to factors such as the significant increase in overseas loan interest rates since this year. Thank you for your interest in the company.