Some investors asked on the investor interaction platform: the futures price of nickel and stainless steel fluctuated sharply recently, and the company’s main raw material is stainless steel. Does the company have hedging operation in futures in terms of raw materials? If yes, is there a large loss?
Zhejiang Cayi Vacuum Container Co.Ltd(301004) ( Zhejiang Cayi Vacuum Container Co.Ltd(301004) . SZ) said on the investor interaction platform on March 9 that the company’s current business is mainly OEM / ODM, that is, after receiving customers’ orders, the company organizes production and delivery according to the order quantity. The stainless steel raw materials used in production are basically purchased on demand, and occasionally stock up some spot when the market price is low. The company has not conducted hedging operation in terms of futures.
