More than half of your company's revenue comes from overseas. Will the sharp fluctuation in exchange rates have an impact on your company's revenue?

2023-10-10 17:47
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Baolong Technology: Hello investors, thank you for your attention to Baolong Technology! In the first half of 2023, the company's overseas revenue accounted for 57% of its main business, of which North America accounted for 31% and Europe accounted for 22%. The company's overseas revenue is priced in foreign currencies. In the first half of 2023, the euro appreciated significantly against the RMB by 6.12%, and the US dollar appreciated against the RMB by 3.75%, which had a favorable impact on the group's revenue.