Several SSE-Listed Companies State: Limited Impact of U.S. Tariff Increases

Cailianpress, April 6 (Reporters Cui Ming and Fang Yanbo)

The U.S. "reciprocal" tariffs have caused ripples in the global market, but many SSE-listed companies have expressed through various channels that the impact of the tariffs on their businesses is limited.

In the communications and consumer electronics industries, Quectel Wireless Solutions Co., Ltd.'s revenue from direct export to the U.S. in 2024 accounts for a very low proportion, with little impact; Huaqin Technology Co., Ltd.'s overseas business accounts for about 50%, with the revenue from direct sales to the U.S. accounting for only 10%, and the impact of tariff adjustment is controllable.

In the steel industry, one SSE-listed company said that China's export scale of steel to the U.S. is small. The domestic steel industry has already made preparations to cope with external challenges, and as long as supply is controlled effectively, the U.S. tariff policy should not significantly impact the industry's long-term development.

In the food and beverage industry, companies deepen domestic substitution to mitigate external supply chain risks effectively. For instance, Eastroc Beverage (Group) Co., Ltd. has basically achieved 100% localization layout in its raw material procurement, production bases, and key equipment.

Some commodities, such as semiconductors, have previously been restricted by high U.S. tariffs but are currently exempt from "reciprocal tariffs." Meanwhile, starting April 10, China will impose a 34% tariff on U.S. goods.

Some companies have implemented targeted strategies to reduce the impact of tariffs. Ningbo Boway Alloy Material Company Limited has established production capacity in the U.S. to circumvent tariff risks, and its projects in Vietnam are aimed at the European and Indian markets in the future. It is also adjusting its business strategies to reduce the impact of tariffs on export orders to the U.S. A car company has reduced exports to the U.S. since the end of last year, and this time, it is not greatly affected by the "reciprocal tariffs".

In the publishing industry, Xinhua Winshare Publishing and Media Co., Ltd., Jiangsu Phoenix Publishing & Media Corporation Limited, and other publishing leaders primarily operate within China, using domestically sourced raw materials and their limited copyright exports are mainly directed towards the "Belt and Road" regions, making the U.S. tariffs nearly inconsequential to their performance.

The above information is provided for reference purposes only and does not constitute investment advice.