公司称，因为成本和管理费用的上升，导致上半年的净利润率从去年同期的16.8%，下降到今年的14.9%。

The company said its net profit margin fell to 14.9% in the first half from 16.8% in the year-earlier period as sales costs and management expenses rose.

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私募基金公司收取的费用正在急速上涨，其中较为典型的是2%的资产管理费用还有20%的，这些费用现在都不能装进自己的口袋了。

THE high fees that private-equity firms charged in the boom, typically 2% of the assets they oversee (the “management” fee) and 20% of the upside (the “performance” fee), are harder to pocket now.

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甚至在削减了管理费用与营销开支后，唱片公司还是觉得拿不出多少钱浪费在星途黯淡的乐队身上。

Even after cutting overhead and marketing costs, labels find themselves with little money to waste on bands that will not endure.

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