Your company's year-end Euro cash and cash equivalents (converted into RMB) fluctuated down from RMB 110,083,800 in 2016 to RMB 35,541,300 in 2021, while US dollar cash and cash equivalents fluctuated up from RMB 27,715,200 in 2016 to RMB 40,025,200 in 2021. During the same period, the entire overseas revenue achieved a relatively stable growth. Does this indicate that the company's overseas business growth mainly depends on non-European business? And the European business was greatly affected by Brexit after 2016? Or are there other reasons? Such as the epidemic? Please answer

2025-01-13 08:50
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Changying Credit: Hello, investors. In 2016, the company's euro settlement income accounted for 42.8% of export income, US dollar settlement income accounted for 56.58% of export income, and cross-border RMB settlement accounted for 0.62% of export income; in 2021, euro settlement income accounted for 48.3% of export income, US dollar settlement income accounted for 47.41% of export income, and cross-border RMB settlement accounted for 4.29% of export income. From the perspective of export income structure, the proportion of euro zone income to export income is on the rise, and the proportion of RMB export income to export income is also on the rise. Thank you!