(2) In terms of market demand, the market demand for China's EL cold light film industry continued to rise in 2025, among which the demand for consumer electronics products increased particularly significantly. According to industry reports, the demand for EL cold light films by consumer electronic products such as smartphones and tablets increased by 25% year-on-year to 1 billion pieces. At the same time, the demand for EL cold light sheets in the outdoor lighting and public lighting fields has also maintained a steady growth, with an annual compound growth rate of about 15%. Taking a city’s road lighting renovation project as an example, the project adopted a large number of L-cold light sheet products in 2025, which is expected to save more than 50% of electricity.