而且考虑到毛利润只计入了直接生产成本，却排除了销售、流通、管理及财务费用，因此实际利润增长率还要小的多。

But gross margins take account only of the direct costs of production; they exclude selling, distribution, administrative and financial costs, which have all risen more slowly.

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而且考虑到毛利润只计入了直接生产成本，却排除了销售、流通、管理及财务费用，因此实际利润增长率还要小的多。

But gross margins take account only of the direct costs of production; they exclude selling, distribution, administrative and financial costs, which have all risen more slowly.

youdao