In terms of profitability, our battery business maintains a robust performance with a gross margin reaching 36.2% in the Q2, an impressive 20.9 percentage points higher than the same period in 2023 and surpassing most competitors. This demonstrates the exceptional quality of our batteries and our strong market position. So far this year, our battery business achieved a net profit of $11,680,000 in the Q1, and we have sustained this positive trend with a net profit of $7,89,000 in the 2nd quarter, resulting in consecutive profitable quarters. For the first half of twenty twenty four, our Battery Division's revenue has increased by 55% year over year to $80,440,000 with a gross margin of 39% and a net profit of approximately $19,58,000 As of August 1, 2024, our 2 primary production facilities in Dalian and Nanjing have accumulated a substantial order backlog totaling yen 410,000,000 or approximately $57,000,000 which remains undelivered. For our non customers whose names were disclosed before, Power OAK has placed orders amounting to approximately $66,400,000 or about $9,300,000 Viessmann Group has secured orders worth a substantial €213,000,000 equivalent to approximately US233,000,000 dollars Jingpeng Group has committed to orders totaling around US62.64 million dollars roughly US8.78 million dollars Additionally, the cumulative order volume with Anchor has reached $103,000,000 or approximately $11,430,000 We anticipate continued order placements from these established clients and are optimistic about receiving substantial new orders from the Indian market in the latter half of this year.
