An investor asked a question on the investor interaction platform: Hello, secretary, please introduce the impact of exchange rate fluctuations on your company’s performance as of the question date in the second quarter. At the same time, the auto market has soared recently. Please introduce your company’s long-term plan for the expansion of your products in the auto market and whether you have entered the ranks of auto giant suppliers at present. Thank you
Jiangsu Boiln Plastics Co.Ltd(301003) ( Jiangsu Boiln Plastics Co.Ltd(301003) . SZ) said on the investor interaction platform on May 19 that the company’s main business income includes domestic sales income and export income (divided into direct export and domestic export). In recent years, the proportion of export income in main business income is roughly 65% – 70%. The company’s export income is mainly priced and settled in US dollars. The fluctuation of RMB exchange rate will have a certain impact on the company’s income, exchange gain and loss and operating performance. In addition, in 2021, the company accounted for about 5.8% of the revenue in the automotive industry, mainly focusing on the business with relatively high technical content such as safety parts. Its main customers include global auto parts manufacturers such as anbofu and Autoliv, specifically involving downstream terminal products such as line speed connector, electric vehicle charging base, airbag explosion box, etc. For details, please refer to the prospectus disclosed by the company and the corresponding annual report.
