Group 1: Business Overview - The company's revenue in Q1 2025 showed a year-on-year increase, indicating an improvement in profits and a recovery in downstream customer demand [2] - The pace of international expansion is accelerating, which is expected to enhance industry conditions [2] Group 2: Regulatory Impact - The new regulations on safety requirements for electric vehicle batteries impose higher quality standards, prompting industry players to enhance their quality control measures [2] - This is anticipated to promote overall industry development [2] Group 3: Technological Development - The company is a leading player in lithium battery testing technology and has established a strategic layout for solid-state battery clients, achieving bulk deliveries to major battery manufacturers [2] - Battery testing is crucial in the development process, significantly influencing battery performance [2] Group 4: Industry Trends - The implementation of a 60-day payment term policy by several automotive companies is expected to positively impact cash flow within the new energy vehicle supply chain [3] - The company will continue to monitor industry trends and enhance accounts receivable management accordingly [3]