Huayang Co., Ltd.: The company's business involves photovoltaic module manufacturing, with cell components sourced externally, and does not directly reserve silver.

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Daily Economic News AI Express. There is an investor who asked a question on the investor interaction platform: Hello! The silver price’s prior surge was astonishing and has eroded some of our company’s profits from photovoltaic equipment. Recently, silver has seen a significant drop. Is it necessary to appropriately increase our silver reserve when prices are low? What measures will you take going forward to deal with the extreme volatility in precious metal prices?

Hua Yang Co., Ltd. (600348.SH) said on April 1 on the investor interaction platform that its business is the manufacturing of photovoltaic modules, and that its cell wafers are sourced externally, so it does not directly store silver. The company will, at an opportune time, increase its purchase of low-priced cell wafers in order to lower production costs.

(Reporter Zhang Mingshuang)

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Daily Economic News

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