Meaning of ?P in string pattern

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My Code:
pattern = r"(?P<First_Year>[1-2][0-9]{3})/?(?P<Second_Year>[0-9]{2})?"

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What I expected to happen:

What actually happened:

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what is the meaning of ?P<First_Year> ? I don’t understand why we need it to solve the problem ?

I would recommend first going through, in detail, the previous Step of that same Mission. It explains what ?P<...> is.

Kindly check this link(Named capturing group concept)