Every AI newsletter, investors ask questions on the investor interaction platform: does the devaluation of RMB have an impact on the company and whether derivatives hedging business has been carried out?
Blue Sail Medical Co.Ltd(002382) (002382. SZ) said on the investor interaction platform on January 9 that the company’s medical and protective gloves business is mostly settled in US dollars. The depreciation of RMB against the US dollar will increase the RMB conversion price of the company’s products, so as to improve the company’s operating revenue and the gross profit margin of products, which has a positive impact on the company’s profits to a certain extent. In order to prevent and avoid the risk of exchange rate fluctuations, the company also carried out derivatives transactions.
(source: Daily Economic News)
