[ad_1]
Cai Lixuan, chief financial officer of Jiali International (01050), explains that the trade war has little impact on the group, since North America contributes only about 20% of profits. Only a portion will be exported to the United States, so it has not been affected by the US tariff question.
With regard to storage products in the foundry electronics industry, sales of about 1 billion yuan last year, of which only 20% were exported to the United States , and the products
The RMB exchange rate has continued to decline since the middle of last month.Cai Yixuan said the monthly cost of the group is about 30 million yuan, and one-third of that it will be considered for the cover. He also pointed out that the Group's sales are mainly denominated in US dollars, the depreciation of the Renminbi being beneficial for the Group.
In recent years, Jiali International has also been involved in the real estate industry. He Weihan, badistant chairman of the group and head of the accounting department, said the group had three residential projects in Fenggang City, Dongguan City, and Boluo County in Huizhou City. The contribution of income is higher than the industry. However, he stressed that the Group still hopes to focus on the industry and that after the return of real estate income, it will also be partially invested in the development of the main business.
[ad_2]
Source link
