Core Viewpoint - The company clarified the difference between product delivery cycles and inventory turnover days, indicating that longer cycles are due to specific industry requirements and have implemented measures to optimize cash flow and operational efficiency [1] Group 1: Product Delivery and Inventory Management - The product delivery cycle is defined as the time from order signing to product delivery, which ranges from 3 to 6 months [1] - Inventory turnover days are longer due to the need for special integrated circuits to undergo multi-scenario validation and safety stock requirements [1] - The company acknowledges that the longer accounts receivable cycle is related to downstream customer settlement processes and industry characteristics [1] Group 2: Financial Impact and Optimization Measures - The extended collection period may increase funding costs and impact profits [1] - The company has implemented several optimization measures, including an order-driven production model to reduce raw material inventory [1] - Strengthening collection management through a phased payment mechanism aims to improve cash flow [1] - The company is enhancing operational efficiency through digital systems [1] - Relevant financial impacts have been disclosed in periodic reports [1]