Qfin Holdings, Inc.

I will quickly translate my question. So my question, thanks for management teams to giving this opportunity. So my question is about the management strategy for capital light and capital heavy assets. Can you help us break down the current profit margins of capital light and capital heavy loans? And how does the management view the proportion of capital light and capital heavy loans in the future? So compared with the goals of loan volume, will companies be more focused on the profitability in 2024? Thank you.

Thank you, Sandy.

Regarding new assets, from the perspective of take rate, the profitability of these two assets, we should say that we have worked hard to make these two assets It is basically balanced at a take rate of 3%. The heavy assets are slightly higher than 3%. We will also use our detailed operation and configuration of the green assets to make it close to 3%. So they are not that different in nature. Regarding the future, from the point of view of asset ratio, we should say It's not about the absolute proportion as our main goal. We should say that we are balancing our profitability and the long-term health of our entire asset pack as our ultimate goal. We maintain a relatively dynamic balance state. This is their proportion. From the future, these two... from the point of view of liquidity and cash flow, we have the same logic. We don't consider cash flow as our only priority, and we don't consider liquidity as our only priority. Because if we consider liquidity first, we can actually, like some platforms, um um um Okay.