The first half of this year is coming to an end. With the impact of the global recovery, the continuous increase in global product demand drives up the price of raw materials in the market. In addition, driven by the US$1.9 trillion economic stimulus policy, exchange rate fluctuations have become more frequent, and global shipping demand has increased since the end of 2020, and the concentration of shipping vessels has accelerated the sharp increase in shipping costs. The combined influence of a variety of factors has caused global product prices to rise. Under such a general background, the control of product prices has become particularly important. How to ensure that the product quality remains unchanged while ensuring that the product price tends to be generally stable has become the biggest problem. Wellwares uses a series of control measures to avoid the adverse effects of market shocks. Minimize the level of price increase.

1. Foreign exchange lock and RMB settlement

Because the recent exchange rate fluctuations of the U.S. dollar are relatively large, in order to prevent the expected price fluctuations, we have adopted two methods to solve the problems that will occur. First, we have signed a long-term agreement with the bank to stabilize the exchange rate within the range of comparative advantage to ensure Product quotations will not be adjusted due to short-term exchange rate fluctuations. In addition to this method, the use of RMB settlement to avoid exchange rate risks is recognized by more and more countries, and we also support the use of RMB settlement to prevent product price fluctuations. Further stabilize prices.

2. Stocking and warehouse

In the context of the revitalization of the global retail market, the demand for products has greatly increased, and due to the shortage of global raw materials, the price of raw materials in the global market has skyrocketed, and the price of long-term products will inevitably show an upward trend. Wanwei supports stocking in advance. To ensure the stable delivery of long-term orders, we also have a 1,000 square meter warehouse. It can hold 50-60 standard size containers.

3. Factory cooperation and material planning

The stability of the supply of goods is an important way to ensure the stability of the price, relying on the establishment of in-depth cooperation with the factory. Further stabilize product prices in a cooperative manner to ensure that the prices will not undergo major changes in a short period of time. In addition, we will introduce the superior technology and design according to the current development trend of the ceramic market. Recommend product designs suitable for the local market. In terms of packaging, the carton packaging design is reasonably designed to save the use of materials, thereby saving unnecessary cost and waste.