How to deal with the rise in aluminum prices? Hongxin Technology responds

Regarding the issue of "how the company will respond to the rise in aluminum prices", Hongxin Technology stated during institutional research that the main raw material for the company's products is aluminum bars. The purchase price of aluminum bars is based on the average price of spot prices in the Shanghai Changjiang Nonferrous Metals Market or the average price of "SMMA00 aluminum" on the Shanghai Nonferrous Network, plus a certain processing fee. Therefore, the price trend of the company's main raw materials is basically consistent with the trend of public market prices. After years of operation, the company has established long-term and stable cooperation relationships with its main raw material suppliers, and purchases are made through the signing of annual framework contracts and the submission of specific procurement requirements each month.