On July 14, Wei Jianjun, founder and chairman of Great Wall Motor, published an article stating that Great Wall Motor today released a performance forecast for the first half of the year, and overall sales and revenue increased year-on-year. I will also give you honest feedback on the real reason for the decline in profits. The first is the deferral of the recovery of benefits from overseas tax policy subsidies; the second is due to exchange rate fluctuations. In particular, it is important to note that although superficial numbers are important, we are more concerned about the healthy development of the enterprise. At the channel management level, we sell much more and distribute less. The domestic inventory and sales ratio is superior to the industry average to ensure the healthy operation of enterprises and dealers.

On July 14, Wei Jianjun, founder and chairman of Great Wall Motor, published an article stating that Great Wall Motor today released a performance forecast for the first half of the year, and overall sales and revenue increased year-on-year. I will also give you honest feedback on the real reason for the decline in profits. The first is the deferral of the recovery of benefits from overseas tax policy subsidies; the second is due to exchange rate fluctuations. In particular, it is important to note that although superficial numbers are important, we are more concerned about the healthy development of the enterprise. At the channel management level, we sell much more and distribute less. The domestic inventory and sales ratio is superior to the industry average to ensure the healthy operation of enterprises and dealers.