Greetings, and welcome to the China Automotive Systems third quarter 2013 conference call. (Operator Instructions) It is now my pleasure to introduce your host, Kevin Theiss of Grayling. Thank you, Mr. Theiss, you may begin.

Thank you for joining us today and welcome to China Automotive Systems 2013 third quarter and nine months conference call. My name is Kevin Theiss, and I am with Grayling, China Automotive's U.S. Investor Relations Advisor. Joining us today are Mr. Hanlin Chen, Chairman; Mr. Qizhou Wu, Chief Executive Officer; and Mr. Jie Li, Chief Financial Officer; and Mr. Daming Hu, Chief Accounting Officer of China Automotive Systems. They will be available to answer questions later in the conference call and we will help with translation. Before we begin, I would remind all listeners that throughout this call, we may make statements that may contain forward-looking statements. Forward-looking statements represent estimate and assumptions only as of the date of this call. As a result, the company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors including those described under the heading Risk Factors in the company's Form 10-K Annual Report for the year-end December 31, 2012, and under the heading Risk Factors in the company's Form 10-Q for the three months ended September 30, 2013, filed with the Securities and Exchange Commission on November 13, 2013, respectively; and the documents filed by the company from time-to-time with the Securities and Exchange Commission. The company expressly disclaims any duty to provide any forward-looking statements in this call whether as a result of new information, future events or otherwise. I will provide a brief overview and summary of the 2013 third quarter and nine months results, and then I will turn to the management to conduct the question-and-answer session. The 2013 third quarter and nine months results are unaudited numbers under U.S. GAAP. For our call today, I will review the financial results in U.S. dollars. Industry comment. We achieved record high sales…

(Operator Instructions) Our first question comes from the line of Jeff Linroth with Leaving It Better.

Last year you had mentioned that you expected to see gross margins about 20% this year. What's been the biggest challenge in getting gross margin to 20% and should we anticipate getting their any time soon?

First nine months of our gross margin averaged about 19%. On annual basis we're looking at around 19% as well. The reason our gross margin is relatively weak this year is due to the product mix. This year we expanded some new contracts with some customers in the low-end steering system products. So because of the sales growth in that category, it changed our product mix and affected our overall gross margin, blended gross margin. To counter that going forward in 2014, we're going to -- first, we're trying to improve our component procurement that will help us with the gross margin and on the other side, we are increasing EPS sales, electric power steering product sales. That's a high-end product, so in balance that will overall lift the gross margin. So in short, 2014 will be a better year.

Just one more question. It's really good to see the continued growth at Chrysler. Please talk just a little bit about GM and Ford, whether you've had conversations with them or bid on programs to supply product to them? Leaving It Better: Just one more question. It's really good to see the continued growth at Chrysler. Please talk just a little bit about GM and Ford, whether you've had conversations with them or bid on programs to supply product to them?

Couple of updates. Let's start from Chrysler. Starting from month of September, we started to increase our daily production for Chrysler line from 700 units a day to 800 units a day. We are in the second project with Chrysler mainly in the Dodge RAM pickup trucks 350 model. So that's progressing well. We have another project in talk, we'll make announcement when that project start moving. Regarding Ford, we are on a trial run with Ford. It's a relatively smaller volume project of 30,000 units. It's our first project, but we are looking to expand it through their pickup trucks as well. On GM, currently GM is still supplied by [indiscernible]. We're still waiting for opportunities to get into the GM product line.

In terms of other emerging markets, we are looking at the Western Africa country. The first one we are going to make some breakthrough is Brazil. So please expect something coming out first half of 2014. We're going to make announcement in Brazil, regarding our Brazil business.

Thank you. It seems there are no further questions at this time. I'd like to turn the floor back over to management for closing comments.

Thank you for attending China Automotive Systems' 2013 third quarter earnings conference call. We look forward to speaking with you.

Thank you. This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation.