Actually, since the end of last year, costs have risen significantly across our supply chain: raw material prices for stainless steel, aluminum, and zinc alloy have all increased, and surging crude oil prices have driven up logistics and transportation costs, also the USD/CNY

exchange rate has declined continuously.

All these factors have contributed to the rising in the prices of end products.

Now the increase in global production costs due to regional conflicts is already reflected in all industries (Even the production tools we use for processing, such as drill bits,

have increased in price several times over.) and does not appear likely to decline significantly in the short term.