The ways for companies to increase profits are:
1. Reduce product costs, which is the main way to increase profits. In the case of constant product prices, the lower the cost of the product, the higher the profit.
2. Increase the output of products that meet social needs. It can increase the sales volume of products, increase sales revenue, and can relatively save the fixed cost of enterprises, reduce the unit cost of products, and thus increase the profits of enterprises.
3. Improve product quality. It can increase the number of qualified products, reduce the loss of scrap and repair products, reduce the cost of waste loss in product costs, and increase profits. In the case of quality and price, quality products are sold at a higher price, and more profits can be obtained.
4. Reduce fixed assets and working capital footprint, saving fixed assets and working capital expenses.
5. Strictly control non-operating expenses and increase non-operating income.

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