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IV. Capital Operation and Future DevelopmentChina Great Wall continued to increase investment in R&D. In 2022, the R&D expenditure reached 1.322 billion yuan, up 6.01% year-on-year, and its technology R&D capability continued to increase. The company benchmarks the first-class enterprises in the industry, deeply finds the shortcomings of analysis ability, clarifies the direction of ability improvement, strengthens the capacity building of independent hardware, software, testing and data technology in the field of computing industry, and further consolidates the technical foundation. In the field of system equipment, mastering a number of key technologies can help improve the quality and efficiency of array production, break through technical difficulties, and the capacity index is better than the industry level. In addition, China Great Wall has successfully built a research and development team composed of top talents in the industry, continuously strengthened key core technology research and improved the research and development capability of high-end computing products.China Great Wall brand has a long history. As the pioneer and leader of China's independent computer industry, Great Wall brand has a wide range of industry cognition and group impression. In the past year, the company has continuously expanded the market influence and reputation of the Great Wall brand by holding several influential market activities, and the brand connotation and brand value have been steadily improved.

IV. Capital Operation and Future DevelopmentGuided by serving the national strategic needs, China Great Wall focuses on the high-quality development of independent intelligent computing industry, implements the strategy of "core-end integration, end-network integration, two-wheel drive and organic development", and builds a solid foundation for intelligent computing, which has become an important guarantee force for the national network information industry. The company continues to optimize its business structure, concentrate superior resources to make its main business stronger and better, and form a professional business development pattern with clear main responsibilities and clear main business. At the same time, China Great Wall has built a new operation system, implemented five special actions, strengthened cost reduction and increased efficiency, created new value through supply chain management, continuously improved its technology research and development capability, significantly enhanced its product supply capability, improved its market expansion capability and enhanced its brand influence.Guided by serving the national strategic needs, China Great Wall focuses on the high-quality development of independent intelligent computing industry, implements the strategy of "core-end integration, end-network integration, two-wheel drive and organic development", and builds a solid foundation for intelligent computing, which has become an important guarantee force for the national network information industry. The company continues to optimize its business structure, concentrate superior resources to make its main business stronger and better, and form a professional business development pattern with clear main responsibilities and clear main business. At the same time, China Great Wall has built a new operation system, implemented five special actions, strengthened cost reduction and increased efficiency, created new value through supply chain management, continuously improved its technology research and development capability, significantly enhanced its product supply capability, improved its market expansion capability and enhanced its brand influence.

The outstanding performance of China Great Wall in the field of innovation is not only reflected in its technological innovation and market expansion ability, but also in its profound understanding and positive response to the national innovation strategy. As the leader of the information industry, China Great Wall will continue to play a role as a benchmark, strive to become a strategic scientific and technological force in the field of national network information, and contribute strong kinetic energy to building a network power and a digital China.China Great Wall continued to increase investment in R&D. In 2022, the R&D expenditure reached 1.322 billion yuan, up 6.01% year-on-year, and its technology R&D capability continued to increase. The company benchmarks the first-class enterprises in the industry, deeply finds the shortcomings of analysis ability, clarifies the direction of ability improvement, strengthens the capacity building of independent hardware, software, testing and data technology in the field of computing industry, and further consolidates the technical foundation. In the field of system equipment, mastering a number of key technologies can help improve the quality and efficiency of array production, break through technical difficulties, and the capacity index is better than the industry level. In addition, China Great Wall has successfully built a research and development team composed of top talents in the industry, continuously strengthened key core technology research and improved the research and development capability of high-end computing products.China Great Wall brand has a long history. As the pioneer and leader of China's independent computer industry, Great Wall brand has a wide range of industry cognition and group impression. In the past year, the company has continuously expanded the market influence and reputation of the Great Wall brand by holding several influential market activities, and the brand connotation and brand value have been steadily improved.