The company's operating income in the first, second and third quarters of 2023 did not change much, but the amount of losses was very different. What is the reason? What is the company's depreciation policy? When does the company plan to make a profit?

SMIC-U: Dear investors, hello! The company is currently in a period of rapid development, with continuous increase in production capacity investment and corresponding increase in depreciation, which has a significant impact on net profit. However, the company's EBITDA in the first three quarters was 862 million yuan, an increase of 74.38% over the same period last year; the EBITDA in the third quarter was 454 million yuan, a year-on-year increase of 115.36%. With the year-on-year growth in revenue, EBITDA achieved a significant increase, and the company's operating conditions gradually improved. The company's depreciation policy is: 5-10 years for machinery and equipment, 3-5 years for office equipment and others, 25 years for buildings, and 10 years for power and infrastructure. The company will continue to focus on maintaining rapid revenue growth, optimizing product structure, continuously reducing production costs, and continuing research and development innovation, so as to improve the company's profitability. Thank you for your attention to the company!