Demei: The company's current inventory reserves are sufficient.

During the institutional research on April 9, Deming Li stated that the company currently has sufficient inventory reserves, and the overall inventory strategy is mainly based on the principle of stocking as needed and dynamically adjusting. At the same time, the company flexibly manages based on customer demand and market changes. The company has mature supply chain management capabilities and has maintained stable cooperation relationships with top upstream suppliers in the industry for many years, which can effectively ensure the stable supply of core raw materials and support the continued expansion of the business scale.