The figure is around 1/5 to 1/3 of the total. This mainly depends on the production technology. It is notable that Shenzhen Sunlanrfid Technology Co., Ltd has been decreasing the proportion regarding the cost of material to the total figure. When the business was just founded, the proportion was much larger. This is because at that time, the technology in the whole industry was backward. Having developed for so many years, our technology is mature and we can control the cost of rfid tag well. We also import advanced production equipment to increase the output while reducing the input. This also makes results. We are sure that the cost would be further reduced in the near future, in the context that the industry is developing rapidly and our company is leading the industry development.
Sunlanrfid is immensely influential in the train smart card industry. The UHF Inlay Prelam series is one of the main products of Sunlanrfid. train smart card is fantastic with its unique shape. The product is highly resistant to substances such as oil and chemicals. Sunlanrfid is actively investing in new technology research and development, world-class design capabilities, and superior manufacturing processes. The product has inside chips which are more precise than traditional smart chips.
The foremost imperative for us to achieve is business sustainability. We have the ambition and confidence to make our production procedures greener and reasonable no matter from the perspective of resource utilization and emission treatment.