Sino-US trade friction has been going on for nearly a month since late March and is still escalating. China's Ministry of Commerce spokesperson peak on April 19 said that at present, China and the United States have not yet conducted any bilateral negotiations on the US "Article 301" investigation and the US list of proposed products for taxation products in China.
Recently, ZTE’s ban on sales has caused waves in the Chinese semiconductor industry. The 7-year ban on ZTE’s ban has become the biggest focus of Sino-US trade wars in the past few weeks. The strong blow against ZTE is considered to be a strategic deterrent to the Chinese government and industry in order to increase the bargaining chip of the trade war.
The difficulty of ZTE represents, to a certain extent, the status quo of China's manufacturing - enough to be strong enough. It is said that China is completely dependent on imports on the chip. China has made some achievements in the field of chips.
Returning to the theme of Sino-US trade friction, this Sino-US trade friction has become the focus of widespread attention on the interactive platform of investor relations in A-share listed companies.
Sanan Optoelectronics said on the interactive platform that the company’s chips sold directly to the US last year accounted for no more than 5%. At present, the trade war has not yet been finalized, and there is still a certain publicity period. It is still unclear whether changes will occur during the period. In addition, US customers will also protect their own interests and will find ways. So there is no way to assess the impact.
Hongli Zhihui said that the United States issued a list of proposed tariffs for Chinese products involving three LED products, namely 85414020 (light-emitting diode LED), 85419000 (dio-tube, etc.), 9033020 (LED for LCD backlight). , has little to do with the company. In the first three quarters of 2017, the company's export revenue from LED devices to the US accounted for less than 0.1% of the company's operating income, and basically had no impact.
Guo Xing Optoelectronics executive Xu Zhenfeng said in the micro-interview of e company that the most influential factor for the company's export business is the exchange rate. The RMB exchange rate has appreciated by nearly 10% in the past year. For trade friction, the main problem is patents. At present, the company has invested heavily in research and development, laying out patented technologies, and bypassing the restrictions on patents in the US market as much as possible to minimize the impact.
Lianchuang Optoelectronics said that the company's LED related products are not directly exported to the United States, so the Sino-US trade war has little impact on the company.
Jufei Optoelectronics said that the company is currently operating normally. We will continue to pay attention to the Sino-US trade war and pay attention to the risks.
Sunshine Lighting said on the interactive platform on the morning of March 27 that the company's exports to the United States accounted for about 20% of total revenue. According to current official reports, the company's products have not been clearly included in the scope of taxation.
Chenfeng Technology replied that about 20% of the company's products are sold abroad. Major overseas markets include India, Southeast Asia, and the European Union. At present, the company's main exporting countries or regions do not set special trade barriers for the company's products. The trade dispute has less impact on the company.
Zhouming Technology responded on the platform. The company's export business covers many countries around the world, of which exports to the United States account for 20%-25% of the total operating income. LED display is a very subdivided field in the electronics industry. It is not within the scope of direct taxation. At present, the company has not received any taxation notice. The company has set up a subsidiary in the United States and will pay close attention to this trend. Consider a positive solution.
Alto Electronics said that with the substantial increase in the company's domestic business volume, the company's overseas business accounted for a lower proportion of the company's total business volume. The company's overseas business is dominated by the European and Japanese markets. The business that exports to the US market accounts for a very low proportion of the company's total business volume, so the company as a whole is largely unaffected by fluctuations in US trade policy.
Lehman shares said on the platform that the company's business is currently under normal development, and the company will pay close attention to China-US trade policy and exchange rate changes. According to the data, in 2016, Lehman’s US revenue accounted for 28% of total revenue.
In response to the investor’s question “How does the Sino-US trade war affect the company?â€, Igor said that US President Trump signed a presidential memorandum on “Intellectual Property Infringement†in China, and this information has no direct impact on the company. The company's products are all independent intellectual property rights.
Infineon (300582) said on April 10th in the interactive platform that the company's main products are LED driver power supplies. As of now, the list of 232 and 301 taxation products that have been published in the United States does not include products such as LED driver power supplies. Both the company headquarters and the US subsidiaries are closely watching developments.
Judging from the feedback of the above 12 listed companies, the Sino-US trade war has not directly affected the business of LED-related companies in China. The main influencing factors are still reflected in the exchange rate.
