Sehmai Foods recently said at an online exchange meeting with institutional investors that the increase in the cost of raw food this year is a factor that cannot be ignored. Most of the company's raw food comes from Australia, and the price of imported raw food will rise in 2024, which will have an impact on the company's profits. Furthermore, there are many uncertainties about the exchange rate between the RMB and the US dollar, and the devaluation of the RMB will also have an impact on costs. However, the company has estimated these factors in advance and has taken various measures to deal with them. On the one hand, the company is promoting diversification of the raw grain supply chain. On the other hand, the company began implementing a cost reduction plan in the supply chain last year. In terms of other raw materials, packaging materials, logistics, etc., it has reduced costs through annual tenders, etc., and hedged the rise in raw grain prices to a certain extent. At the same time, in terms of management, more detailed control methods have been adopted at the back end. Of course, the most important thing is open source, which means continuing to expand sales. The company has also taken more proactive measures, using some long-term measures to reduce the impact of exchange rate fluctuations.