Reasons for the decrease of profit rate of Zhejiang Xianghai Pharmaceutical Company from 20 19 to 202 1.
The price of raw materials has gone up. According to official website, Zhejiang Xianghai Pharmaceutical Co., Ltd., Zhejiang Xianghai Pharmaceutical Co., Ltd. needs a large number of Chinese herbal medicines and other raw materials in pharmaceutical production in 20 19 years. Due to the high price of Chinese herbal medicines, the production cost of enterprises increases, which affects the sales profit rate from 20 19 to 202 1.