Taihong Wanli: Based on market conditions, at the beginning of the year, measures such as price locking were used to mitigate the risk of raw material price fluctuations.

Recently, Taihong Wanli released a record of investor relations activities. It noted that the main raw materials for the company's products are aluminum and steel, and different customers have different mechanisms for responding to material price fluctuations. Some customers adopt centralized procurement or price linkage models, so material price fluctuations have a relatively small impact on the profits of the company's corresponding business; for other customers, because the company has been deeply engaged in the industry for more than 20 years and is relatively sensitive to changes in the market and material prices, it generally actively avoids the risk of raw material price fluctuations based on market conditions by locking in prices at the beginning of the year, thereby ensuring stable performance.