Hello, Secretary Dong, why did we lose more than 20 million in profits in the first quarter?

Tianjue Technology: Hello, thank you for your attention to the company. The relevant situation is explained as follows: 1) The company's revenue is characterized by seasonal imbalance in performance, and most of the revenue is concentrated in the third and fourth quarters. For example, in 2020, the revenue in the fourth quarter exceeded the sum of the first three quarters; however, the expenses in each quarter are relatively balanced, so the imbalance in profits will be more obvious; 2) The company continues to invest in R&D, maintains the research and development, improvement and perfection of multiple new products, and the R&D expenses have increased significantly, but in return, new products have grown. LDI products have been recognized by customers, and more than 50 million orders have been achieved in a short period of time.