An investor asked a question on the investor interaction platform: since last year, the company has borrowed hundreds of millions of yuan of loans from two major policy banks. Although the annual interest rate is not higher than 2.5%, the total cash on the company's account and bank financial management is more than 2.5 billion yuan. There is a lot of cash in the account to repay the loan, which makes people worry about the authenticity of the company's accounts (Kangmei pharmaceutical, etc.), please explain it reasonably, thank you!
Xiamen Intretech Inc(002925) ( Xiamen Intretech Inc(002925) . SZ) said hello on the investor interaction platform on March 5. (1) Honest management is one of the core values of the company. There is no financial fraud you are worried about. (2) The company's product sales are mainly settled in US dollars. The holding of US dollar assets is relatively large, and the fluctuation of exchange rate will have a great impact on the company. The company's increase in US dollar liabilities is conducive to risk hedging and reduce exchange risk. (3) The company uses some idle self owned funds to purchase financial products, mainly to improve the use efficiency of funds and increase investment income.
