Core Viewpoint - The company emphasizes that its production and operations must consider multiple factors, including market demand, inventory structure, customer orders, customized requirements, resource endowment, and long-term development [1] Pricing Strategy - The company's product pricing is primarily based on fluctuations in raw material prices, while also taking into account customer demand, its own cost structure, production cycles, and market conditions during negotiations with clients [1] - The sales price of the company's products is mainly determined through a cost-plus model, where prices, order quantities, and technical specifications are negotiated on a one-on-one basis with major customers [1] - Customers typically reference the average raw material prices from a period prior to contract signing to determine pricing levels [1] Market Dynamics - There is a certain lag in the transmission of raw material price changes to the sales prices of finished products due to factors such as pricing models, market competition, and coordination of customer relationships [1]

Core Viewpoint - The company emphasizes that its production and operations must consider multiple factors, including market demand, inventory structure, customer orders, resource endowment, and long-term development [1] Pricing Mechanism - The sales price of the company's products is primarily determined using a cost-plus pricing model [1] - Prices, order quantities, and technical specifications are negotiated on a one-on-one basis with major customers, typically on an annual, semi-annual, or quarterly basis [1] - Customers reference the average price of raw materials over a period prior to contract signing to determine pricing levels [1] Price Transmission - There is a certain lag in the transmission of raw material price changes to the sales prices of finished products due to factors such as pricing models, market competition, and customer relationship management [1]