Xinhua News Agency, June 18, Tiandi online issued an announcement on abnormal fluctuations in stock trading. The company's gross profit margin is affected by industry competition, supplier cooperation policy, customer structure, the proportion of channel sales and other factors. If the company's industry competition intensifies in the future, the supplier cooperation policy changes adversely, or the company's share of channel sales continues to increase, the company's operating performance and overall gross profit margin are at risk of further decline.