The hottest topic in May is about who can take over optical modules and become the new core of the A-share Growth Enterprise Market. Some people have mentioned commercial aerospace, which I’ve never participated in. I took a look at these companies—they’ve applied for a ton of satellite launch space quotas, but honestly, their technology is still far behind state-owned aerospace and Long March rockets. And state-owned rocket technology is also lagging behind SpaceX. Beyond technology, the U.S. allows private companies to handle military launches, which China simply can’t do. This is destined to be an industry without a real demand-driven market. As for China’s village-to-village 5G rollout, the network demand is also just a false proposition.