Naipu Mining recently stated at an investor relations event that overseas gross margin is expected to increase further in the future. On the one hand, with the increase in overseas revenue, depreciation and amortization of fixed assets is expected to drop from the current 11% to a reasonable level; on the other hand, an overseas OEM customer with a low gross margin terminated an annual agreement this year, and the overseas customer's share of revenue will decline in the future, which is beneficial to the overseas comprehensive gross margin level.

Naipu Mining recently stated at an investor relations event that overseas gross margin is expected to increase further in the future. On the one hand, with the increase in overseas revenue, depreciation and amortization of fixed assets is expected to drop from the current 11% to a reasonable level; on the other hand, an overseas OEM customer with a low gross margin terminated an annual agreement this year, and the overseas customer's share of revenue will decline in the future, which is beneficial to the overseas comprehensive gross margin level.