Yanjinpuzi: The overall price trend of Konjac flour is downward, and most of the main raw materials have been locked in price.

Yanjin Puzi stated in a phone conference on April 8 that the price of konjac powder is expected to increase significantly in 2025, but the company has been able to mitigate cost pressures through operational strategies, resulting in continued improvement in the gross margin of konjac products. In 2026, the overall trend of konjac powder prices in the company's core raw materials is expected to decline, especially in the third and fourth quarters of 2025, although a significant decrease cannot be anticipated in the short term. In addition to konjac powder, the company's main raw materials include various oils, potato flour, flour, milk powder, and sugar, most of which have already been price-locked; packaging materials may cause some disruption to costs in the short term, but the overall impact is controllable. The company believes that its control strategies on raw materials and packaging materials are robust, and cost fluctuations can be effectively controlled through early price locking, strategic supplier cooperation, and combined procurement.