On June 19, Gelunhui reported that ST Baili (603959.SH) stated on an interactive platform that the company currently has full orders on hand, and the company will do its utmost to ensure the smooth completion of existing orders, while strengthening the control of subsidiaries and processes, implementing cost reduction and efficiency improvement measures to ensure operation as well as compressing all costs and expenses to improve operational efficiency and strive to turn loss into profit. With the fluctuation of the new energy industry development trend, the company will optimize existing resources and processes, improve the company's operational efficiency to a certain extent by reducing staff and costs; through overall fund management, consolidating repayment responsibility, strengthening cost control measures to ensure the stability of the company's cash flow, and ensuring timely payment of employee salaries. In the face of various challenges at the industry and company level, the company has adjusted the strategy of overseas operations, adopted a more stable approach to adapt to the development of the industry, and meet customer needs.