We expect Q226 results to remain modest, as meaningful contributions from overseas projects are likely to materialize only in H226, while existing businesses continued to face headwinds in H126. Domestic data center demand has been constrained by high- end GPU shortages, limiting the pace of new build-outs, while global energy storage demand has also seen some pressure from higher lithium prices. That said, we view these challenges as largely temporary. The underlying demand environment remains healthy, and ...