Secretary, the company is facing huge losses. Will there be layoffs this year? Is there anyone who needs to take responsibility for this? Has the huge investment in R&D over the past 8 years yielded any results that can be put into practice?

NavInfo: Hello, the company firmly focuses on the main track of automotive intelligence and the strategic positioning of the new tier 1, while striving to spend within its means on the investment side. In 2023, the company will take the initiative to carry out strategic adjustments to focus on its main business, implement cost reduction and efficiency improvement measures, streamline the organizational structure, optimize personnel allocation, strengthen supply chain management, and continuously improve the company's operational decision-making efficiency and market perception. In 2024, the company will reasonably control the R&D investment of pre-research nature, further improve resource utilization, and strive to improve profitability. Thank you for your attention.