What is the current gross profit margin of the company's HUD products? How is the company's HUD product capacity construction and capacity ramp-up? Compared with domestic peers, what are the competitive advantages of the company's HUD products?

Crystal Optoelectronics: At present, the company's HUD, especially AR-HUD, is still in the early stage of mass production. The gross profit margin will be affected by many factors such as price fluctuations in the raw material market and the macroeconomic situation. In the future, as the output increases, the gross profit margin will still have room to climb. In fact, the company has made sufficient planning and forecasts for the construction of HUD production capacity. The company's current production capacity can meet the market demand of 200,000 to 300,000 units. Therefore, the company has made sufficient preparations for new cooperation and order needs in the future. The advantages of the company's HUD products are mainly reflected in two aspects: first, end-to-end optical solution design. Different manufacturers have different grip points for HUD. We believe that AR-HUD is an optical solution product. Crystal has always focused on the design, processing and manufacturing of optical components. Crystal has unique advantages in the processing technology of AR-HUD core optical components. At the same time, in the software area, we have made great progress in the past two years. We can integrate all relevant elements to form a solution. Software plays an important role. Second, many years of optical machine experience. Crystal started from optical machine projection and eventually went to HUD, which enabled us to accumulate rich experience in the optical machine part. Therefore, we have unique advantages in the entire optical-mechanical design. At the same time, Crystal has differentiated advantages in dealing with some of the industry's problems, including sunlight backflow, stray light, and ghosting. In general, in the field of automotive electronics, we are a company that integrates optical solutions and is based on software algorithms, so we believe that the company still has a lot of room for growth and potential in the HUD business.