Core Viewpoint - The company, Xinbao Co., Ltd. (002705), has indicated that approximately 75% of its business comes from exports, primarily settled in US dollars, and the recent rapid appreciation of the RMB may impact its export operations [1] Group 1: Business Operations - The company exports account for about 75% of its total business [1] - The export transactions are mainly conducted in US dollars [1] Group 2: Currency Risk Management - The company acknowledges that the short-term rapid appreciation of the RMB will have a certain impact on its export business [1] - To mitigate foreign exchange risk, the company will enhance its foreign exchange risk management through measures such as using foreign exchange derivatives for hedging and strategically timing currency settlements [1] Group 3: Long-term Strategy - In the long run, the company aims to improve its core competitiveness to enhance its market pricing power [1] - The company is committed to maintaining stable and sustainable operations [1]
新宝股份:人民币短期内快速升值对公司出口业务会产生一定的影响