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Fuling Zha Cai: Currently unaffected by rising costs such as packaging materials, with no overall price increase plan at this time.
Fuling Zhacai stated at the investor conference call on March 31 that the company’s raw material bok choy head procurement has basically been completed, and the overall purchase price is roughly the same as last year. The cost of bok choy head raw materials accounts for about 45% of the total cost, and packaging materials account for about 20%. Currently, there has been no impact from rising costs of packaging materials and other inputs. In the future, if influenced by oil prices, costs may increase to some extent, but overall they remain controllable. The company currently has no plans to raise product prices overall. In the future, targeted price adjustments may be made for different channels and new product launches to meet market and promotional needs. (People’s Financial News)