Yumin Liu: Adding a couple points on here, Amit, is that when we mentioned DSA, we also mentioned IPP. In the future, we will also make those two numbers apparent or transparent to all our investors that as we said earlier, our IPP gross profit margin will be $24 million to $26 million. And we expect our DSA contribution to the company will become more and more, beyond $6 million, beyond $10 million. And after we implemented the DSA strategy globally, this number will become the similar backbone to the company as an IPP. The goal for our company is, we try to use our limited cash, $70 or $100 million to build up enough IPP so to secure operating cash flow positive and full year profitability from the production revenue. And then, DSA will be adding on top of it, plus our core business of the development and flip. And we see that we are getting into the very healthy cycle at this time starting from 2024.
Amit Dayal: So is this DSA Emeren creation or is this something that is happening across the industry now?
Yumin Liu: Yes and no –
Amit Dayal: Solar developers –
Yumin Liu: In fact, starting from four years ago when Ke and I joined the company, we did not have much cash in our reserve. So we started our DSA model in the new market, especially in Europe. And now we have about two dozen different DSA partners in Europe and about two-thirds of them are the ones we’d lock into the projects. So that means, way through the DSAs acquiring or lock into the project portfolios and way are the buyer paying the milestones based on the milestones to the small developers. And one-third of those DSA partners will go the other way. That is the one I’ve had mentioned with Matrix, with Glennmont and all those are the ones we are supplying projects to the buyer. So it is a pretty typical exercise in the market, especially in Europe.
Amit Dayal: Okay, understood. That’s all I have, guys. I’ll take my other questions offline. Thank you so much.
Yumin Liu: Thank you, Amit.
Operator: Thank you. I’m not showing any further questions in the queue. I’d like to turn the conference back to Mr. Liu for any closing remarks.
Yumin Liu: Okay. Thank you, operator. In conclusion, the future of solar energy is extremely promising and we are positioned to fully capitalize on the accelerating adoption of the solar technology across the globe. With our exceptional expertise in developing and operating solar projects, extensive network of industry partnerships and strong financial position, we are making great strides towards our global – our goal to become a top global renewable energy company. We are thrilled about the bright future of the solar energy and are excited to be at the forefront of this incredible transformation towards a more sustainable future. Thank you again for joining the call. You may now disconnect.
Operator: Thank you. This concludes the conference. Thank you for your participation. You may now disconnect.
