The written permission of CICC and the speaker. No organization or individual is allowed to punish, forward, reprint, disseminate, copy, edit, or modify the meeting contents and relevant information in any form. CICC reserves the right to investigate the relevant legal liability. Good evening, investors. Thank you for your precious time tonight. I'm Huang Tianqing, an analyst at ZTE. This morning, we also published a detailed report on the Hong Kong stock phone chain. The title is Apple's AI-era Hong Kong s ...