Due to the lack of entry barriers, the sintered stone vanity top industry is highly competitive. Some factories resort to purchasing special offer slabs for as low as $1.5 per square meter, utilizing low-quality adhesives and cutting costs on packaging materials to compete at lower prices. This aggressive pricing strategy has led to a decline in quality for importers. The industry-wide vicious competition has resulted in reduced profits for all players, including importers, with no discernible barriers to entry. We are concerned that if profitability continues to diminish across the board, dealers may gradually withdraw from this product. To address this, we plan to offer exclusive, specific styles to designated VIP customers. This strategy aims to enable customers to adopt a differentiation strategy in the market, avoiding direct price collisions with competitors.
