Exchange losses have a significant impact on the performance of listed companies. The question of "increased revenue but not increased profit" challenges exchange rate risk management and control.

The hard-earned profits are 'eaten up' by exchange rate fluctuations in just one quarter. This may be the voice of many listed companies in this year's first quarter report. Sany Heavy Industries incurred approximately 800 million yuan in exchange losses, while Lek Electric's net profit attributable to shareholders plummeted by over 90% year-on-year. In the recent flurry of first quarter reports, exchange gains and losses have become a core variable affecting the profit and loss statements of some listed companies. The current situation of "increased revenue but not increased profit" is questioning the exchange rate risk management capabilities of businesses. Several experts emphasize that with the normalization of the two-way fluctuation of the RMB exchange rate, exchange rate risk management has become a "mandatory course" for Chinese companies expanding overseas.