AVIC Jonhon Optronic: Gold price impact on costs is smaller than budgeted at the beginning of the year; main pressure comes from copper and silver.

AVIC Jonhon Optronic stated at its earnings briefing on October 29 that gold prices have fluctuated significantly since the beginning of this year. Currently, the impact of gold prices on costs is smaller than the initial budget, with the main pressure coming from copper and silver. Due to the large volume of civilian business and relatively low unit prices, the impact of copper and silver prices has clearly exceeded that of gold. The company will also continue its efforts in cost control and move forward under pressure.