What are the pricing principles and logic for Silver Porcelain by Tiancheng products?

The company mainly adopts two pricing strategies: cost-plus pricing and market pricing.

• Cost-plus pricing: Calculates the basic cost based on ceramic, gold and silver raw materials, and processing fees, and then determines the retail price by applying a corresponding multiple.
• Market pricing: Based on the fundamental cost, comprehensive factors such as processing difficulty, material loss, production volume, application scenario, and scarcity are considered.