On July 31, during an interactive platform Q&A session with investors, Shenzhen Topband Co.,Ltd. addressed the factors behind its recent profit margin pressure.

The company explained that the temporary profitability squeeze is primarily driven by the appreciation of the Chinese yuan against the US dollar and rising raw material prices.

To mitigate these headwinds, the company outlined a strategy involving hedging measures, locking in prices through long-term raw material procurement agreements, and passing on costs downstream. Investors were advised to refer to the company's periodic reports for detailed business performance data.