哈尔斯：OEM板块泰国基地产能布局导致毛利率波动

Core Viewpoint - The company addressed the decline in gross margin during an online investor communication, attributing it primarily to the impact of the international trade environment and various cost increases associated with its OEM business expansion in Thailand [1] Group 1: Financial Performance - The fluctuation in gross margin is mainly influenced by the international trade environment [1] - The company's operating costs have risen significantly due to various factors, including the acceleration of production capacity in Thailand and the immature overseas supply chain [1] Group 2: Operational Challenges - The company is experiencing increased costs and expenses across various segments due to the expansion of its OEM business [1] - Additional losses are attributed to the transitional phase of ramping up production, which has not yet stabilized [1]