Shennan Circuits is benefiting from investment in AI computing power infrastructure and product iteration and upgrades. Demand for its PCB, packaging substrate, and PCBA businesses is growing, and the company's overall plant capacity utilization rate remains high. Demand for its computing power-related business continues to improve, with orders fully booked for AI servers, high-speed switches, optical modules, and processor substrates. The company has established stable partnerships with a number of core customers in the computing power and chip sectors. As the share of high-value-added computing power products increases and capacity at its various bases steadily ramps up, the product mix continues to optimize, profitability improves quarter by quarter, and the long-term growth prospects are promising.