Is the massive upgrade of elevator equipment good news for the company? What percentage of the company's turnover does elevator parts account for?

Inovance: Hello! The company's smart elevator business achieved sales revenue of 3.85 billion yuan from January to September 2023, accounting for about 19% of the company's overall operating income. The company has also paid attention to the "Action Plan for Promoting Large-Scale Equipment Renewal and Consumer Goods Replacement" recently reviewed and approved by relevant ministries and commissions. Inverters, servo systems, PLCs and other products in the field of industrial automation are core components of industrial equipment. As a leading enterprise in the field of industrial automation, the company relies on its advanced technology and multi-product solution advantages in the fields of industrial automation and smart elevators. We hope to keep up with this potential development opportunity and contribute to energy conservation and carbon reduction, digital transformation, and production efficiency improvement. Thank you for your attention to the company!