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Senlin Qilin: The company has currently conducted the first round of price increases after considering multiple factors.
Gelonghui April 8 | Sen Qilin stated on the interactive platform that the Middle East situation is causing disturbances, leading to an upward trend in global crude oil prices. Some of the company’s raw material prices are positively correlated with international crude oil trends, creating a phased pressure on the company’s raw material costs. However, there is a relative lag between raw material market prices and the company’s cost side. The company adjusts its procurement pace and inventory strategies based on production needs and raw material market conditions. Currently, after comprehensively considering factors such as product costs, end-user demand, and brand positioning, the company has implemented the first round of price increases to minimize the impact of raw material fluctuations.