Regarding the reason for the decline in operating cash flow in the third quarter, Ningde Times responded that in recent years, upstream companies in the lithium battery supply chain were under high pressure. Starting in the third quarter, the company took the initiative to adjust supplier payments, giving priority to supporting partners with R&D capabilities, innovative spirit, and active cooperation with the company's production expansion, including a combination of shortening account periods, advance payments, and R&D capital support. The measures taken by the company to support supply chain enterprises may continue for some time to promote the healthier and more sustainable development of the industrial chain. Operating cash flow may have a phased impact, but in the long run, it will not affect the company's cash profitability, and it will return to a relatively healthy level in the future.

Regarding the reason for the decline in operating cash flow in the third quarter, Ningde Times responded that in recent years, upstream companies in the lithium battery supply chain were under high pressure. Starting in the third quarter, the company took the initiative to adjust supplier payments, giving priority to supporting partners with R&D capabilities, innovative spirit, and active cooperation with the company's production expansion, including a combination of shortening account periods, advance payments, and R&D capital support. The measures taken by the company to support supply chain enterprises may continue for some time to promote the healthier and more sustainable development of the industrial chain. Operating cash flow may have a phased impact, but in the long run, it will not affect the company's cash profitability, and it will return to a relatively healthy level in the future.