−Removed: Quantitative and Qualitative Disclosures About Market
−Removed: Foreign Exchange Risk
−Removed: While our reporting
−Removed: currency is the US dollar, almost all of our consolidated revenues and consolidated costs and expenses are denominated in RMB.
+Added: Quantitative and Qualitative Disclosures About Market Risk
+Added: Exchange Risk
+Added: our reporting currency is the US dollar, almost all of our consolidated revenues and consolidated costs and expenses are denominated
All of our assets are denominated in RMB except for some cash and cash equivalents and accounts receivables.
−Removed: As a result, we are
−Removed: exposed to foreign exchange risks as our revenues and results of operations may be affected by fluctuations in the exchange rate
+Added: As a result, we
+Added: are exposed to foreign exchange risks as our revenues and results of operations may be affected by fluctuations in the exchange rate
between US dollar and RMB.
−Removed: If the RMB depreciates against the US dollar, the value of our RMB revenues, earnings and assets as
−Removed: expressed in our US dollar financial statements will decline.
−Removed: We have not entered into any hedging transactions in an effort to
−Removed: reduce our exposure to foreign exchange risk.
−Removed: Although we are generally
−Removed: able to pass along minor incremental cost inflation to our customers, inflation such as increases in the costs of our products
−Removed: and overhead costs may adversely affect our operating results.
−Removed: We do not believe that inflation in China has had a material impact
−Removed: on our financial position or results of operations to date, however, a high rate of inflation in the future may have an adverse
−Removed: effect on our ability to maintain current levels of gross margin and selling and distribution, general and administrative expenses
−Removed: as a percentage of net revenues if the selling prices of our products do not increase in line with the increased costs.
+Added: If the RMB depreciates against the US dollar, the value of our RMB revenues, earnings and assets as expressed
+Added: in our US dollar financial statements will decline.
+Added: We have not entered into any hedging transactions in an effort to reduce our exposure
+Added: to foreign exchange risk.
+Added: we are generally able to pass along minor incremental cost inflation to our customers, inflation such as increases in the costs of our
+Added: products and overhead costs may adversely affect our operating results.
+Added: We do not believe that inflation in China has had a material
+Added: impact on our financial position or results of operations to date, however, a high rate of inflation in the future may have an adverse
+Added: effect on our ability to maintain current levels of gross margin and selling and distribution, general and administrative expenses as
+Added: a percentage of net revenues if the selling prices of our products do not increase in line with the increased costs.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.