Core Viewpoint - The company is significantly impacted by the increased tariffs imposed by the United States, leading to substantial fluctuations in its stock price [1] Group 1: Company Response to Tariffs - In response to the U.S. tariff policy, the company has established a production base in Thailand, with 70% of products exported to the U.S. being produced there starting in 2024 [1] - The tariff rate in Thailand is lower than that in China and Vietnam, which helps the company maintain a relatively lower impact in the competitive environment [1] Group 2: Revenue and Production Insights - The revenue generated from products exported to the U.S. does not exceed 40%, regardless of whether they are produced in China or Thailand [1] - The company's ODM business utilizes FOB trading methods, which mitigates the impact of tariff increases on costs [1] Group 3: Future Strategies - The company plans to enhance the proportion of shipments from Thailand and is considering establishing a production line in the U.S. to diversify risks [1]