On December 15, Gelonghui, Tianyuan Pet (301335.SZ) recently stated during a survey from institutional investors that the company's overseas sales are mainly quoted and settled in US dollars. Since the cost side of the company's overseas sales portion is mainly denominated in RMB, exchange rate fluctuations from quotation to delivery and revenue confirmation will affect the company's gross margin level; at the same time, exchange rate fluctuations from delivery to payment settlement will cause the company to generate exchange gains and losses. In recent years, the exchange rate of the RMB against the US dollar has fluctuated greatly. For example, future fluctuations in the RMB exchange rate will increase, on the one hand, it will affect the price competitiveness of the company's product exports, and on the other hand, exchange gains and losses will cause fluctuations in the company's performance.

In order to cope with the impact of exchange rate fluctuations, the company will actively and promptly pay attention to changes in international exchange rates and adopt reasonable settlement methods. Accelerate settlement speed, and cooperate appropriately with financial institutions according to the scale of import and export business to carry out forward foreign exchange hedging and related business to lock in exchange costs and minimize the impact of exchange gains and losses.