Regarding The Export Value Of Chinese Ceramic Products

On November 7th, the General Administration of Customs announced that from January to October this year, the total import and export value of China's goods trade was 36.02 trillion yuan, a year-on-year increase of 5.2%; Exports amounted to 20.8 trillion yuan, an increase of 6.7%; Imports amounted to 15.22 trillion yuan, an increase of 3.2%. The import and export trade of goods has achieved steady growth. Among them, the export value of ceramic products was 125.73 billion yuan, a year-on-year decrease of 14.3%. Since April this year, the cumulative export value of ceramic products has been negative, and has been declining for seven consecutive months, with the decline gradually expanding. In terms of export volume, the cumulative export quantity of ceramic products has increased compared to last year, but the growth rate has gradually decreased. According to expert analysis, Chinese exporters are trying to stimulate market demand and increase purchasing volume by lowering prices, while maintaining an increase in export quantity and a decrease in export prices, which to some extent reduces export value.

For our domestic building materials industry, comprehensive factors such as the gradual decline of real estate dividends, changes in consumer preferences, ecological changes in the building materials industry, and intensified industry competition have brought severe challenges to the building materials industry. Moreover, due to the significant year-on-year decline in industry prices and revenue scale, it is difficult to dilute fixed costs, which has a negative impact on profit achievement. Hasin Building Materials should follow the market appeal and increase investment in e-commerce channels. At the same time, we will continue to pay attention to overseas markets. From the perspective of revenue proportion, overseas business accounts for a relatively high proportion of our main business and has great potential for improvement in the future.