Every AI newsletter, investors ask questions on the investor interaction platform: Hello. My question is: 1. How long is the production cycle after material procurement. 2。 There is a time difference between purchase and order delivery. Is the product price calculated according to the purchase cost at the time of delivery or the market price at the time of delivery? 3。 There are high inventories in the company’s third quarterly report. Now the steel price has fallen, will there be inventory impairment?
Anhui Honglu Steel Construction(Group) Co.Ltd(002541) (002541. SZ) said on the investor interaction platform on December 25 that 1. The delivery cycle is arranged according to the customer’s delivery plan, and the delivery of small and medium-sized orders is basically completed within three months; Large orders are delivered in batches and stages, so the production cycle of such orders is longer. 2. The company’s orders are settled in the form of fixed comprehensive unit price lump sum. Some large orders are settled in batches or stages according to the fluctuation of market steel price. 3. The company focuses on steel structure processing. In the third quarter of 2021, the company signed many new orders and needed raw material turnover. In order not to affect production, the company prepared goods. Through information management, the company realizes effective and rapid control over the whole process of procurement, production picking, warehousing and final accounts, which not only greatly reduces the production cost, but also improves the material turnover and production efficiency. The company does not have inventory impairment.
(Daily Economic News)
