Yuefeng Aluminum released a record of investor relations activities on November 19.
Q: How does the adjustment of aluminum export tax rebate affect the orders in hand?
A: After the introduction of the aluminum export tax rebate adjustment policy, the company actively communicated with foreign customers, the orders placed by foreign customers are based on the actual production and business arrangement needs, and foreign trade orders have high-end and customized attributes, foreign customers said that the company still needs to continue to cooperate with the completion of product delivery, and the contract performance of orders in hand has no impact.
Q: After the adjustment of aluminum export tax rebate, will the company consider raising the price of foreign trade sales?
A: China's aluminum processing capacity is expected to exceed 60% of the global aluminum processing capacity, with greater advantages in industrial supporting, process technology, mature industrial workers, etc. Foreign markets have greater dependence on China's aluminum exports, and the expansion of foreign aluminum processing capacity requires a long period and no processing cost advantages. According to the latest policy, the company can actively negotiate with foreign merchants to increase aluminum processing fees to offset the impact of aluminum export tax rebate adjustment.
Q: What is the impact of the adjustment of aluminum export tax rebate on aluminum prices?
A: For a long time, the export of aluminum has a certain adjustment effect on the price difference of aluminum ingot at home and abroad. On November 15, after the release of the aluminum export tax rebate adjustment policy, the futures market has initially reflected the impact of the policy, and the price of Lun aluminum has risen sharply.
Q: Will the adjustment of the aluminum export tax rebate have a greater impact on the company's profits?
A: The adjustment of aluminum export tax rebate began in December, and the company has made a variety of response plans to actively respond to changes in the market environment. At present, foreign aluminum prices have risen, the company has communicated with foreign merchants to increase product processing fees, to minimize the adverse impact of the tax rebate rate reduction.
Q: What measures will the company take to deal with the change in foreign trade policy?
A: The company has rich experience and ability to deal with various trade and policy changes. In the early stage, the company already has feed processing business, and the proportion of feed processing will be increased in the later stage. At the same time, the company has processing bases overseas, and will increase the proportion of overseas orders in the future. In addition, the company's recycled aluminum products are green and low-carbon, and most of the products have completed carbon footprint certification, which is favored by the market in the context of global carbon neutrality and will enjoy a green premium. The company has further extended the deep processing capacity, improve the added value of products, give full play to the advantages of cost control ability, steadily increase the market share, and ensure the sustainable development of enterprises.
