GGAC: The company's regulator product prices are relatively stable

GGAC recently stated during an institutional research that the prices of its regulator products are relatively stable. The increase in gross profit margin for regulators last year was due to two reasons: first, the raw material prices in the first three quarters of last year were lower year-on-year; second, the product structure adjustment in 2024 led to an increase in the proportion of high-margin product sales. In recent years, the company's gross profit margin for regulators has remained relatively stable. The price fluctuations of upstream raw materials for regulators are mainly influenced by supply and demand relationships, so if the supply and demand relationship is relatively stable, the likelihood of significant fluctuations in raw material prices is low