Why is your company's gross profit margin so low? Compared with other companies in the same industry, it is much lower. What is the main reason? How will it be improved in the future?

Wencan Holdings: Dear investors, please refer to the 2023 annual report disclosed by the company for the changes in the company's performance in 2023. As the product delivery problems of some factories in the early stage of Bailian Group have been gradually improved, and the mass production of new projects of domestic customers and the increase of old projects have brought increased revenue, the company's performance has recovered in the first quarter of 2024, and the net profit attributable to shareholders of listed companies was 62.0625 million yuan, a year-on-year increase of 2,344.25%. In the future, as the production capacity of each factory is released and the scale effect is realized, the gross profit margin will return to normal levels. Thank you for your attention!