The highly anticipated Hunan Sanan Silicon Carbide Project had lower revenue in the second half of 2023 than in the first half, which was significantly lower than expected. Please explain the reasons in detail.

Sanan Optoelectronics: Hunan Sanan will achieve an overall annual revenue of 951 million yuan in the second half of 2023 due to the rhythm of customer purchases. The third-generation semiconductor power electronic products represented by silicon carbide are important core components that support the sustainable development of industries such as new energy vehicles, photovoltaic energy storage, high-speed rail transit, and smart grids, and their application penetration in various fields is accelerating. The company's automotive-grade 1200V/16mΩ silicon carbide MOSFET for the main drive of electric vehicles has overcome reliability issues and passed the AEC-Q101 standard, and has been verified by key new energy vehicle customers; industrial-grade 1700V/1Ω and 1200V/32mΩ silicon carbide MOSFETs have been shipped on a small scale in the photovoltaic and charging pile fields. Hunan Sanan will accelerate the epitaxy of silicon carbide substrates, high-efficiency and high-reliability silicon carbide diodes, and a full range of 2000V/1700V/1200V/650V silicon carbide MOSFET products, continue to provide customers with high-quality products and services, and contribute to expanding the company's benefits.