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Industry & Supply Chain Analysis

2025-11-21

The upstream of the industrial chain primarily involves raw material supply, such as steel (accounting for 50%-60% of costs), whose price fluctuations directly affect product pricing. Midstream manufacturing is concentrated in the Yangtze River Delta and Pearl River Delta regions. Downstream sales channels are diversifying, with online sales rising to 32%, and B2B platforms (e.g., JD Industrial) driving channel flattening.

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