Financial Data and Key Metrics Changes - Consolidated revenue increased by 36.5% year-over-year to $60.9 million, compared to approximately $44.6 million in the same period last year [4] - Consolidated net income attributable to shareholders reached $2.65 million, representing a 150-fold increase year-over-year [8] Business Line Data and Key Metrics Changes - Hitrans, the battery raw material segment, generated approximately $27.2 million in revenue, a 143.7% increase year-over-year [4] - Battery Business revenue grew 0.7% year-over-year, stabilizing after a short-term volume decline [5] - Net loss for Hitrans narrowed to $2.1 million, an 18.8% improvement from $2.6 million in the same period of 2024 [8] - Battery segment's net income rebounded by 122.7% to $4.53 million, compared to $2.04 million a year ago [8] Market Data and Key Metrics Changes - The raw material market is recovering, contributing positively to Hitrans' performance [9] - Demand for Model 32140 batteries remains robust, with production capacity fully utilized and a significant backlog of orders [5] Company Strategy and Development Direction - The company is expanding production capacity with the Nanjing phase 2 facility expected to add 2 GWh of capacity, with mass production beginning in mid-November 2025 [5][6] - A new product line for the Model 40135 has been commissioned at the Dalian facility, adding 2.3 GWh capacity [6][7] - The company is pursuing overseas manufacturing expansion, contingent on updates to China's export control policies [9] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about Hitrans returning to profitability in the coming quarters due to the recovery in the raw material market [8] - The company anticipates that the new production lines will enhance earnings performance and contribute to sustainable value for shareholders [9] Other Important Information - The company has signed a term sheet with a major publicly listed company in Asia to jointly develop an overseas lithium battery production base [9] Q&A Session Summary Question: Customer concentration in the LEV division and sustainability of light electric vehicle sales - Management highlighted strong development in the LEV business, particularly in Southeast Asia, with ongoing communications with top OEMs in India [14] Question: Market outlook for Hitrans regarding potential oversupply - Management indicated that Hitrans will focus on improving the quality and performance of current products, expecting stronger performance in the coming quarters [15] Question: Expected production capacity above 6 GWh and securing production equipment - Management confirmed that all necessary equipment has been installed, with mass production expected by Q1 next year, achieving 6 GWh in accordance with customer orders [16][17]