Guqi Velvet Material: The company's main business focuses on high-grade down materials

Securities Star News, Gu Qi Rong Cai (001390) responded to investor questions on the investor relations platform on March 6.

Investor: Could the company’s Secretary explain the reasons for the increase in inventory in the third quarter? Is it due to the company’s proactive procurement based on a comprehensive assessment of future market prices, or is it caused by a decline in sales? Or are there other reasons for the inventory increase?

Gu Qi Rong Cai Secretary: Dear investor, hello! The company’s main business focuses on high-grade down materials. The inventory mainly consists of four categories: white ducks, gray ducks, white geese, and gray geese. The current inventory level aligns with the company’s operational strategy, long-term goals, and market environment, and the operation is stable. Thank you for your attention!

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