On May 4th, Shenghong Technology declared that it has forged solid cooperative alliances with key raw material suppliers, ensuring a consistent and reliable supply of essential materials. The cost of raw materials stands as a pivotal determinant in shaping the company's product pricing strategy. To counter the volatility risks associated with raw material prices, the company adopts a dual-pronged approach. On one front, it engages in pricing negotiations with downstream customers, taking into account the prevailing trends in raw material costs, thereby facilitating a fair distribution of cost burdens. On the other hand, the company is committed to minimizing the repercussions of raw material price fluctuations by leveraging technological advancements and fostering deeper strategic partnerships within the supply chain.

At present, the primary raw materials essential for crafting high-end products exhibit a reduced susceptibility to the whims of commodity price swings. Consequently, the pricing for Shenghong Technology's premium offerings remains unflinchingly stable.