Mr. Secretary, today it was announced that the listed company will invest in new state-owned assets. Does the company still have the hope of making a profit in 2026? Before the foreign embargo on China was imposed, did the company purchase enough production equipment?

SMIC-U: Dear investors, hello! The company's recently announced SMIC Shaoxing Phase III 12-inch specialty process wafer manufacturing pilot line project focuses on the company's long-term development and is in line with the company's overall strategic planning. The investment and purchase of production equipment for this project will be carried out in stages, and the investment and construction cycle is relatively long. The impact on the company's operating performance this year and in future years will depend on the progress and implementation of specific projects. At present, the company's operations have not been affected by equipment export controls. Thank you for your attention!