industry? Everyone's first reaction is that the most promising one is the lithium battery. I don't know if you have heard this conclusion. My conclusion is that I think the most flexible is photovoltaic . Let me give you a brief account of PV: In 2024, we exported about 200 billion yuan worth of PV, which accounted for about 20% of our total scale. Our export volume increased by 30%, but last year, our export volume fell by 30% compared with the same period last year. Behind this is a price decline. This price decline, in fact, from the point of view of the support of China's economics, is in fact that we have given this benefit to others. As you know, photovoltaic is an industry in which China accounts for 85% of the global output. Our competitiveness is absolutely No.1, but the whole industry does not make money. Such an industry, once the administrative means are used, its flexibility will be very large. As you can see, the price of polysilicon has risen rapidly by 5,000 yuan per day to 45,000 yuan/ton recently. All downstream enterprises have begun to raise their prices. The asset prices of the components they used to have to withdraw have come up, so its flexibility is very large. Photovoltaic is definitely No.1.
