Group 1 - The company disclosed its investor relations activities, including participation in performance briefings and roadshows, with significant interest from institutions regarding its energy storage business progress [1] - For Q2 2025, the company expects module shipments to be between 7.5-8.0 GW, with an annual forecast of 25-30 GW, balancing price and volume considerations [1] - The company anticipates energy storage system shipments of 2.4-2.6 GWh for Q2 2025, with an annual estimate of 7.0-9.0 GWh, adjusting expectations due to uncertainties in tariffs [1] Group 2 - The company has approximately 91 GWh of energy storage system orders as of March 31, 2025, with a signed contract value of $3.2 billion, indicating strong future order support [2] - The company noted that the current tariff policies have eased, allowing for better order arrangements and normal shipment levels in markets outside the U.S. [2] - The company highlighted that the profitability of large-scale energy storage is influenced by upstream cell prices and downstream demand, with healthy margins in markets like the U.S., Canada, and the EU [2] Group 3 - The company recognizes high entry barriers in system integration compared to hardware sales, emphasizing the need for localized technical support and long-term service capabilities [3] - The company is cautious about domestic capacity expansion in the current photovoltaic market, focusing on optimizing capacity structure towards energy storage and high-profit overseas markets [3] - The company continues to invest in R&D for various technology routes, prioritizing commercial value during the industry's consolidation phase [3]