Gelonghui, April 16 | Fuhanwei (300613.SZ) said at an investor relations event that the company's outlook for gross margin in 2024 has taken into account many factors. First, the gross margin of smart IoT products is relatively low, especially compared to professional video processing and in-vehicle products. As the share of smart IoT products in the company's business increases, the overall gross margin may be affected to a certain extent. Second, the increase in upstream costs, particularly the rise in storage costs, will put pressure on gross margins. Although it may take some time for these cost increases to be reflected in downstream product prices, overall, the company expects gross margin to show downward pressure in 2024, but the company will meet this challenge by improving efficiency and optimizing the cost structure.