SERES's second quarter gross profit margin analysis and product prices

SERES expects the gross profit margin in the second quarter to be higher than the 21.5% in the first quarter. As the company also has other parts and fuel vehicle businesses, the actual gross profit margin of the M7 may be higher than 22%, and the gross profit margin of the M9 is even higher. In addition, the company's regular negotiations with suppliers help reduce costs, and the sales price of the models is relatively strong. It does not adopt a price discount model, but only provides equity gifts in stages.