Core Viewpoint - The company has been developing its industrial hemp business since 2019, establishing a production base in Tengchong, Yunnan, and obtaining necessary licenses for cultivation and processing [1] Company Overview - The company has acquired the "Industrial Hemp Cultivation License" and "Industrial Hemp Processing License," enabling it to engage in the entire process of cultivation, extraction, processing, and sales [1] - The company's industrial hemp extract products include high-purity CBD crystals (99%) and full-spectrum CBD oil (50%), among other specifications [1] Business Development - The industrial hemp business is currently in its early development stage, contributing less than 0.1% to the company's total revenue [1] - The company is closely monitoring domestic and international policies related to industrial hemp, indicating a proactive approach to market changes [1] - If downstream demand increases, the company plans to leverage its large-scale production capacity and significant cost advantages to capture market growth [1]