Pret: Rising Crude Oil Prices Increase Costs, Multiple Measures Taken to Mitigate Pressure

An investor asked on the interactive platform toPritiMay I ask whether the recent surge in petrochemical product prices and supply chain disruptions will significantly increase the company's raw material costs, and what measures the company has taken in response? Regarding the above question, Translate the above content into English and output the translation result directly, without any explanation.PritiDear investor, thank you for your attention. Affected by the international situation, crude oil prices have risen significantly, and the prices of upstream bulk petrochemical products have also increased rapidly, which will lead to higher costs for the company's modified materials business. Currently, the supply of raw materials is stable. In response to the pressure caused by the rising raw material prices, the company will continue to optimize its supply chain management, strengthen strategic cooperation with core suppliers, and actively address the impact of cost fluctuations through flexible adjustment of procurement strategies and optimization of product structures. At the same time, the company will actively communicate with downstream customers to jointly face the cost pressure caused by the rise in raw material prices, ensuring the security of the industrial supply chain. The company will also accelerate the development of new application areas and optimize its product structure to cope with the pressure brought by rising raw material prices. Thank you for your attention to the company. Thank you!