Transfer from: financial sector
Source of this article: AI telegrams in financial circles
On June 6, it was reported in the financial sector that there were investors on the interactive platform Luyang Energy Conservation Question: What is the specific reason for the extremely low gross profit rate of the company's automobile liner products and industrial filter products this year? Are the gross profit rates in previous years also in single digits? What is the average gross profit rate of the industry? What improvement plans does the company have, except for the synergy that may be brought about by the so-called acquisition. thank you.
The company replied that the gross profit margin of automobile liner products and industrial filter products in 2023 was mainly affected by the retroactive adjustment of the accounting standards for business combinations under the same control. After the integration in 2023, the overall gross margins of Yixing Gaoqi and Qinai Shanghai are constantly improving. The company is focusing on continuously localizing raw materials, improving capacity utilization, and increasing synergy with existing businesses of listed companies to achieve expected profitability.
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