The second paragraph: the market pressure is great, and the industry profits are declining.
Like other chemical enterprises, Honghui new materials have also been affected by market pressure. With the increasingly fierce competition in the industry and the implementation of environmental protection policies, many enterprises have to reform and upgrade their production processes. In this case, the cost pressure of Honghui new materials is also increasing, which leads to the decline of product prices. In addition, market demand is also a factor. At present, the overall demand in domestic and international markets is not strong enough, and customers are more sensitive to product prices when supply exceeds demand. This is also the reason why the price of Honghui new materials products has not continued to rise like most chemical companies.
The third paragraph: the company actively responded and made various arrangements.
In the face of changes in the market environment, Honghui New Materials is still actively responding. In order to reduce production costs and improve product quality, the company has continuously invested in product research and development and improvement of production technology. In addition, the company has also strengthened market expansion and actively sought new market space. At the same time, the company has enhanced its awareness of customer service, not only in terms of product quality, but also in terms of service quality and after-sales service. On the whole, although the price of Honghui new materials has declined in the short term, the company's market competitiveness is still strong and it has long-term development potential.