Fengfan Co., Ltd. (601700.SH): The adoption of low price competition strategies by some companies in the industry may adversely affect the company's profitability

Zhitongcaijing · 2d ago

Zhitong Finance App News, Fengfan Co., Ltd. (601700.SH) issued a risk warning notice stating that the company's transmission and transformation tower industry is a fully competitive industry, with a large number of manufacturers and a high degree of product homogenization. Some enterprises in the industry adopt a low price competition strategy, which may adversely affect the company's profitability. Investors are invited to pay attention to industry competition risks.

As the scale of the company's overseas business expanded, the share of the company's foreign-related orders and foreign currency settlements increased. Affected by fluctuations in the international foreign exchange market, changes in the RMB exchange rate will have an impact on the company's exchange gains and losses and the profit level of overseas projects, drawing investors' attention to exchange rate risks.