Core Viewpoint - The signing of the "Technical Development Contract" with Tsinghua University is primarily for research purposes, with significant uncertainty regarding the development outcomes and their commercialization [1] Group 1: Company Impact - The technical development contract does not have an impact on the company's main business operations, which remain unchanged [1] - The company does not expect any significant effect on its operating performance for the year 2025 due to this contract [1] Group 2: Product and Market Context - The main products sold by the company's subsidiary, Fengshan Quannuo, are sodium-ion and lithium-ion battery electrolytes, which currently generate a small revenue scale [1] - The industry market for these products is highly competitive, and the company does not engage in revenue related to solid-state battery electrolyte materials [1]