On June 12, Xin Hongye disclosed on an interactive platform that downstream automotive manufacturers have opted for early payment of invoices, a move that is poised to benefit the company in multiple ways. These prepayments are expected to enhance cash flow, curtail financial expenses, and augment financial maneuverability. Xin Hongye vows to proactively seek mutually beneficial payment arrangements while maintaining its commitment to delivering top-notch products and services.