China Resources Wei said in the agency's research notes that due to full orders in hand and tight supply of production capacity, the company implemented two rounds of product price adjustments in February and July, respectively. The second round of price adjustment negotiations was basically completed in July, and the increase and coverage increased significantly compared to the first round. Due to the impact of the order delivery cycle, there will be some lag on the reporting side, and it is expected that the positive effects brought about by the price increase in the third quarter will be further evident. Market supply and demand are expected to remain tight in the second half of the year. The company is full of orders and maintains a positive trend in pricing subsequent products.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.