In predicting oxidants concentration, the most important fact is to select a suitable photochemical reaction mechanism. Sensitivity analysis of $O_3$ and other important photochemical oxidants concentrations was conducted by using CBM-IV model. The predicted oxidants concentration was considerably related with the initial concentration of formaldehyde, $[NO_2]/[NO],;NO_x$, RH and RCHO. As the initial concentration of formaldehyde increased, concentration of $NO_2$ increased. $O_3$ concentration was proportional to the $[NO_2]/[NO]$ ratio. When the initial concentrations of RH and RCHO were high, photochemical reaction was more reactive, including more rapid conversion of NO to $NO_2$ and increased oxidants. Also, the sensitivities of ozone formation to rate constants, $K_l,;K_2;and;K_3$ in the $NO_2$ photolysis were studied.