Gelonghui October 17th | Anhui Zhongyuan New Materials (603527.SH) recently stated at an online meeting that the company's main products are purple copper plate, strip and foil materials, with the raw material being electrolytic copper. The rise in copper prices is due to the increase in the price of raw material, electrolytic copper, which does not have a positive impact on the company's performance nor does it lead to an increase in processing fees. The pricing model for the company's products is based on copper prices plus processing fees. While customers set prices with us, we purchase electrolytic copper, which effectively mitigates the risk of fluctuating prices. However, the cost increase brought about by the rise in copper prices will bring certain pressure to the working capital, raising the cost of capital.