The company's stator and rotor exports account for a large proportion. With the continued depreciation of the RMB, will this have a significant impact on the company's profit increase?

2025-01-13 09:00
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Changying Precision: Hello investors, thank you for your attention to the company. In 2021, the company's export business accounted for about 15% of its revenue, and exchange rate fluctuations have a certain impact on the company's profitability. In Q1 2022, the overall exchange rate fluctuations showed a narrow range of fluctuations. Although it had a certain impact on profitability, through the use of foreign currency products, the impact was within a relatively small range in the short term; at the same time, the company is currently actively negotiating with customers to gradually change the settlement model from foreign currency settlement to RMB settlement. From a longer-term perspective, the impact of foreign currency exchange rates on profitability is within a certain small range. Thank you