Alan Lau: And then another question is in relation to the port charges. Because I recall that in 4Q last and first — and the first quarter this year, they report charges affecting the margin. So what is the situation of the port charges in the U.S. in 2Q? And what do you expect in 3Q with the acceleration in the clearance of the products?
Charlie Cao: So for the port charges and the — in the first quarter, we have RMB400 million port charges for the U.S. And because it’s an modules and very high storage costs and the second quarter and they improved a lot to RMB200 million 1 quarter. And starting from the third quarter, we believe the port charges where they are very small numbers and because our models have been cleaned up and speed up this on the U.S. cost side.
Alan Lau: So this is an excellent second development action. So it leads to the next question as to how much U.S. shipment has been sold to the U.S. in the first and second quarter?
Charlie Cao: You mean — the percentage, right, the total…
Alan Lau: Yes.
Charlie Cao: The Against the total segments, it’s 5% to 10% in that range.
Alan Lau: Understood. So for this year, after we raised our guidance to 70 to 75 gigawatt, 5 to 7 — 5% to 10% is around like 4 to 7 gigawatts. So next year, our target [indiscernible]. Is it correct?
Charlie Cao: It’s roughly 10% of mark [ph] is shipments next year. And it could be in a range, let’s say, above 10 gigawatts and depending on the — let’s say, particularly the supply part, the poly part, we are confident with the 10% — the 10 gigawatts is kind of the base.
Alan Lau: So that’s actually quite a strong improvement from this year, like 4 to 7 gigawatts to 10 gigawatts still. So I would like to know what is your expectation on U.S. installation next year on this part. But at this year, probably U.S., I don’t think the base [indiscernible]. So I think the company is implying market share gains in next year, right?
Pan Li: Yes. It’s kind of a go back to normal strategy, right? So in the last 2 years’ time, we have got — let’s say we got stocked by different regions, different reasons. And now we have seen positively since go back — start to go back to normal. That’s why we are expecting a kind of normal market share or normal stable supply from Jinko to U.S. market. That’s why we expect around 10% of our total shipment that goes to U.S. market next year.
Alan Lau: So it’s — so what is your expectation on U.S. installation in 2024 then?
Pan Li: Well, it depends. It’s really — we see a robust demand there. So it’s really a question of whether the supply will be normal or it will be, let’s say, strictly under the U.S. LPA inspection, right? That will decide what could be the size of U.S. market. It could be somewhere from 30 gigawatts to even up to 50 gigawatts. It really depends on the supply side.
Alan Lau: So my last question is basically the for the polysilicon supply correspondent. Because 12 gigawatts, approximately, you still need quite a lot of polysilicon like probably around like 20,000 or 30,000 tonnes [ph]. So have we locked in that supply already?
Charlie Cao: Majority part, we have locked. And the overstate capacity is 100,000 — sorry, 10,000 metric tons — 100,000 metric tons which can support, let’s say, I think here roughly 50 gigawatts. And we take 20% market share from the — let’s say, poly supply side, we are confident and as well as some of the overseas capacity, we still have some flexibility to increase the capacity. So we’re thinking we can achieve that.
