Group 1: Financial Management and Risk Control - The significant increase in accounts payable is primarily due to the investment in the "Fujilai (Shandong) Specialty API and Intermediate CMO/CDMO Construction Project" [2] - The company aims to ensure project funding needs while controlling debt scale and financial risks through coordinated project construction and financial management [2] - The company has implemented measures such as credit assessment and collection tracking to optimize accounts receivable management and reduce bad debt risk [3] Group 2: Investment Strategies and Returns - The company utilizes idle funds for entrusted financial management to enhance the efficiency of fund usage and improve returns, without affecting normal operations [3] - The increase in income tax expenses is mainly due to a significant rise in investment income during the current period [3] Group 3: Inventory and Supply Chain Management - The company plans to continuously optimize inventory structure and strengthen market trend analysis to adapt to changes in market demand [3] - The reduction in inventory balance since the beginning of the year has positively impacted profits due to the reversal of inventory impairment provisions [3] Group 4: Project Development and Future Outlook - The "Fujilai (Shandong) Specialty API and Intermediate CMO/CDMO Construction Project" is progressing as per the scheduled timeline, with expected contributions to revenue and profit post-production [5] - The company is focused on enhancing its core competitiveness in the specialty API and intermediate sector to inject new momentum into sustainable development [5] Group 5: Shareholder Communication and Governance - The company emphasizes compliance with legal regulations regarding shareholder reduction plans and will ensure timely information disclosure [2] - The sustainability of government subsidies remains uncertain, and the company is monitoring potential new support projects or policies [3]