Since the beginning of this year, the prices of the main raw materials of Midland New Materials have risen sharply, which has led to a sharp increase in the direct material cost of the company's production costs, which has led to a sharp drop in the gross profit margin of the company's main products, masterbatch and cyanuric chloride, and thus the decline of Midland New Materials.
Midland New Materials Co., Ltd. is the first listed company with masterbatch as its main product in domestic domestic enterprises.