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Reasons for the rising cost of Jiamei packaging

the price of upstream raw materials has increased, and the sales volume of products has decreased.

1. Rising prices of upstream raw materials: The prices of upstream raw materials, such as tinplate, aluminum and pop-top lid, have fluctuated, resulting in increased costs and delayed adjustment time.

2. The sales volume of products decreased, etc.: The sales of downstream food and beverage customers were blocked and the demand for terminal consumption was insufficient, and the orders of Jiamei packaging traditional superior products decreased significantly, resulting in a significant decline in sales volume.