On April 9, A-share listed companies intensively disclosed announcements in response to U.S. tariff policies.

Chenzhan Optoelectronics admits that tariffs have a wide impact on the industrial chain, but the company has already laid out through overseas production bases such as Thailand and Mexico. Guanghong Technology announced the acquisition of AC Company, a French company, to accelerate the implementation of production capacity in Mexico, Europe and Africa. At the same time, a number of listed companies have opened the "disk protection mode", and the big blue chips Midea Group and COSCO Shipping Holdings have begun to enter the repurchase.

Chenzhan Optoelectronics and many other companies disclosed their overseas layout

Chenzhan Optoelectronics (SZ003019, share price 26.38 yuan, market value 4.608 billion yuan) said that the tariff hike is a global event and has an impact on almost all participants in the industry. Accordingly, when assessing the impact of this incident on the company, it is necessary to take into account the tariff rate imposed on the competitor's production area. Chenzhan Optoelectronics said that the company has built a production base in Thailand from 2024 and will mass produce it by the end of the year. It is reported that 70% of the products exported to the United States by Chenzhan Optoelectronics are produced in Thailand, and the company is relatively affected in the entire competitive environment due to the relatively low tariff rate imposed on Thailand. In addition, the customs duties incurred when goods shipped through Thailand enter the U.S. are mainly paid by the importer (client).

Jiangfeng Electronics (SZ300666, share price 68.71 yuan, market value 18.231 billion yuan) said that in 2024, the company's product revenue exported to the United States will account for about 1.19% of the company's total operating income, which is relatively low. Therefore, the U.S. tariff policy has little impact on the company's overall operation.

Guanghong Technology (SZ300735, share price 23.38 yuan, market value 17.943 billion yuan) said that the U.S. tariffs have no impact on the company's overall operation. The Company expects to complete the acquisition of AC S.A., an EMS (Electronic Manufacturing Services) company headquartered in France, during the year. "After the completion of this acquisition, the company will add new manufacturing bases in the Americas (Mexico), Europe (France) and Africa (Tunisia), further improving the global industrial layout, and can more flexibly adjust the supply chain strategy to cope with the impact of tariffs," Guanghong Technology said. ”

Xiechuang Data (SZ300857, share price 91.55 yuan, market value 22.453 billion yuan) said that the company's direct export to the United States accounted for a relatively small proportion of product revenue, and most of it has been produced and delivered by overseas intelligent manufacturing bases.

Qiangbang New Materials (SZ001279, share price 33.86 yuan, market value 5.418 billion yuan) said that the company currently has no direct business with customers in the United States, and the company's business is mainly concentrated in more than 60 countries and regions such as Europe, East Asia and Southeast Asia.

Loongson Zhongke (SH688047, share price 137.65 yuan, market value 55.198 billion yuan) said that at present, the company has no income from the United States, and the United States has no negative impact on the company due to tariffs.

Fuchuang Precision (SH688409, share price 49.43 yuan, market value 15.136 billion yuan) said that the company's main export destinations are the United States, Singapore, Malaysia, Japan, etc., and in 2024, the company's products will be directly exported to the United States, accounting for about 11% of the main business income. "Based on the commercial terms signed with major international customers, the cost of tariffs will be borne by the customer, and the relevant policy changes will not lead to an increase in the company's costs," said Fuchuang Precision. ”

In addition, Lihe Microelectronics (SH688589, share price 25.01 yuan, market value 3.031 billion yuan) said that the company has no export business to North America, and the company's business and operation are not affected by the current round of U.S. tariff policy; Wang Zi New Materials (SZ002735, stock price 8.20 yuan, market value 3.132 billion yuan) said that according to the preliminary calculation of internal data, the company's sales turnover to the United States will account for about 6% in 2024. The adjustment of the U.S. tariff policy will not have a material adverse impact on the company's production and operation.

A number of listed companies such as Goertek and Dongshan Precision disclosed repurchase plans

On April 9, a number of listed companies also disclosed buyback plans.

Goertek (SZ002241, share price of 18.88 yuan, market value of 65.905 billion yuan) said that its chairman proposed to repurchase the company's shares, with a total repurchase fund of not less than 500 million yuan (inclusive) and no more than 1 billion yuan (inclusive), which is subject to the share repurchase plan approved by the company's board of directors.

Dongshan Precision (SZ002384, share price 23.16 yuan, market value 39.509 billion yuan) announced that it intends to repurchase shares, with a total repurchase fund of 100 million yuan to 200 million yuan, and the repurchase price is no more than 48.78 yuan per share.

Shandong Expressway (SH600350, share price 10.64 yuan, market value 51.626 billion yuan) said that its chairman Mr. Fu Baixian proposed that the company repurchase part of the shares through centralized bidding transactions. The total amount of funds for the repurchase of shares is between RMB200 million and RMB300 million, subject to the share repurchase plan approved by the Board of Directors and the General Meeting of Shareholders.

Sichuan Changhong (SH600839, share price 9.34 yuan, market value 43.116 billion yuan) said that its chairman, Mr. Liu Jiang, proposed to buy back shares, with a total of 250 million yuan to 500 million yuan.

Zhongtai Securities (SH600918, share price of 5.98 yuan, market value of 41.672 billion yuan) said that the company's chairman Mr. Wang Hong proposed that the company repurchase part of the company's shares through centralized bidding transactions, with a total amount of 300 million yuan to 500 million yuan to repurchase shares, which is subject to the share repurchase plan approved by the board of directors and the shareholders' meeting.

Energy Conservation Wind Power (SH601016, share price 2.82 yuan, market value 18.255 billion yuan) announced that its chairman Mr. Jiang Likai proposed to repurchase shares, with a total amount of 100 million yuan to 200 million yuan to repurchase shares, which is subject to the share repurchase plan approved by the board of directors and the general meeting of shareholders.

Guotai Junan (SH601211, share price 16.20 yuan, market value 285.6 billion yuan) announced that it proposed by Mr. Zhu Jian, chairman of the board, that it intends to repurchase shares with no less than 1 billion yuan (inclusive) and no more than 2 billion yuan (inclusive).

In addition, a number of listed companies, including Midea Group (SZ000333, share price of 69.67 yuan, market value of 533.697 billion yuan), COSCO Shipping Holdings (SH601919, stock price of 13.49 yuan, market value of 214 billion yuan), have begun to buy shares in the secondary market on April 9.

Cover image source: Visual China-VCG41N1354372881