Reasons for Kyle Automobile's Profit Decline in Recent Years

The reasons for the decline in profits are as follows:

1. Due to the sharp rise in raw material prices, the procurement cost increases and the comprehensive gross profit margin of products decreases.

2. Nanchang Kema Co., Ltd., a subsidiary, promoted slimming and fitness around its core business, and implemented personnel diversion and resettlement, resulting in a large number of dismissal benefits.