Some investors asked Yiqiu Resources (601388) a question, Hello, Secretary of the Board! Is the company’s current procurement channel for scrap aluminum raw materials domestic or foreign? How much does HNA’s transportation fee affect the company’s overall cost of purchasing scrap aluminum raw materials from abroad? Please introduce it in detail, thank you.
The company replied, thank you for your attention to our company. The procurement channels of raw material scrap aluminum for the company’s aluminum alloy ingot business are mainly foreign. 90% of the company’s aluminum alloy ingot product cost is raw material, and HNA transportation costs do not account for Up to 2%, the impact on the company’s cost is small, thank you!
Link to this article：Yiqiu Resources: The procurement channels of scrap aluminum, the raw material required for the company’s aluminum alloy ingot business, are mainly foreign
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