At the recent Chongqing Auto Forum, BYD's Li Yunfei said that BYD's silicon carbide will be put into production in the second half of the year, with a production capacity ten times that of the world's second largest. Jinan BYD Semiconductor is BYD Semiconductor's largest investment. Does your company supply BYD's Jinan factory?

Tianyue Advanced: Hello, dear investors! Silicon carbide semiconductor materials are key materials for the preparation of a new generation of power electronic devices because of their excellent physical properties and outstanding advantages in power conversion efficiency. At present, silicon carbide is being infiltrated and applied in the field of electric vehicles, and is one of the key technologies. From the perspective of industry development, with the continuous penetration of downstream new energy vehicles, photovoltaic power generation, energy storage and other application fields, the overall market size of silicon carbide semiconductors continues to expand. In recent years, the company's automotive-grade high-quality products have been competitive in the international market, and the company's products have entered the supply chain of international first-tier manufacturers. More than half of the top ten power semiconductor companies in the world have become customers of the company. Including the company's cooperation with internationally renowned companies such as Infineon and Bosch, these companies are also key suppliers of global automotive electronics. Many well-known companies in the domestic market are also customers of the company. The cooperation between the company and its customers abides by the contractual agreements between the two parties and relevant legal provisions. The company will promptly disclose information that needs to be disclosed in accordance with relevant rules. Thank you for your attention!