one thing at this point, as the very low growth of its main brand, chengdu grew by 1%, weakest number for the past three years. as for other close competitors like china resource and price, yenjiang brewery posted 0%. i think the slowing down economy and weakening of consumption power play a role in the weaker numbers. >> there are also signs of falling margins for tsingtao. i wonder if it isn't just the m&a activity across the sector that's supporting its price right now. >> yeah. >> chengdu grew by 9%, mainly driven by activities from the last year. and i also noticed chengdu lower, dividend payout for this year -- for these few years, piling up cash, mainly waiting for better opportunity for acquisition or opportunities. concentration ratio for top four players increased from 14.6% to 58% for the past five years, so i think the consolidation is still going on. the pace is slowing down. >> another reason is there are very few -- few sizeable targets left in the market. >> great point. thanks for your time today. >>> in japan more trouble for sharp corporation. we have this story liv