Log in to the Sina Finance APP and search for [Xinphi] to see more evaluation grades

At present, 26 A-share listed companies have disclosed voluntary information disclosure announcements on the impact of the U.S. tariff policy adjustment on their business, involving semiconductors, consumer electronics and other fields, and most companies said that the impact was limited.

Source: photo.com

Listed companies in the electronics industry have spoken intensively, and most companies have limited influence

According to the data of Choice Financial Terminal, as of the evening of April 10 (the time of the announcement), 26 A-share listed companies have disclosed voluntary information disclosure announcements on the impact of the adjustment of the U.S. tariff policy on the company's business.

According to the first-level classification of Shenwan Industry (2021), 15 of the 26 listed companies are in the electronics industry.

Among them, there are 7 companies in the "electronics-semiconductor" industry, including Jiangfeng Electronics (300666. SZ), Cambrian (688256.SH), Shanghai Silicon Industry (688126. SH), Loongson Zhongke (688047. SH), Lihewei (688589. SH), Shengong Co., Ltd. (688233. SH) and so on.

There are 3 companies in the "electronics-consumer electronics" industry, namely Xiechuang Data (300857. SZ), Yingqu Technology (002925. SZ), Guanghong Technology (300735. SZ）。

There are 3 companies in the "Electronics-Other Electronics II." industry, including Jiuzhiyang (300516. SZ), Click(002782. SZ) and so on.

"Electronic-optical" and "electronic-component" two sub-industries each have one company, respectively, Chenzhan Optoelectronics (003019. SZ) and Victory Giant Technology (300476.SZ).

In the field of semiconductors, the Shanghai silicon industry announced that the impact of the tariffs on the company's existing direct procurement is limited and is still under control. In 2024, the company's domestic subsidiary's sales to the United States will account for only 2% of the company's total revenue. The company will continue to increase and accelerate the demonstration and progress of domestic suppliers, strive to achieve the introduction of more domestic suppliers as soon as possible, increase the proportion of domestic supply, and enhance the company's ability to resist risks in the global layout.

Jiangfeng Electronics disclosed that the company has realized the localization of raw material procurement and the localization of the industrial chain through years of layout, and has built a safe and stable supply chain system. The impact of this tariff policy on the company's existing procurement business is small. In addition, the company's main products, high-purity metal sputtering targets and semiconductor parts, have the characteristics of high degree of customization, high technical content, strong customer stability, etc., and have a wide range of customer resources. 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. The tariff policy has little impact on the company's overall operation. At present, the company's orders are sufficient, the operation is normal, and the business is progressing steadily without significant impact.

According to Cambrian's announcement, the company's overseas customer revenue will not exceed 1% in 2023 and 2024. The additional tariffs will not have a substantial impact on the company's operation and management.

Loongson Zhongke and Lihe Micro both said that they have no business in relevant areas and are not affected by tariff policies.

In the field of consumer electronics, Guanghong Technology announced that this round of tariffs has no impact on the company's overall operation. The products produced in the company's factories in India and Bangladesh are supplied to local customers, and the products are sold locally by customers. Some of the products produced at the Vietnam factory are sold to the United States, but the Vietnam factory adopts the EXW (Ex Works Works) trade method, and the company does not bear customs duties. The U.S. tariffs have no impact on factories in Vietnam.

In addition, Guanghong Technology expects to complete the acquisition of AC Corporation, a France-based EMS company, during the year. After the completion of the acquisition, the company added new manufacturing bases in the Americas (Mexico), Europe (France) and Africa (Tunisia), further improving its global industrial layout and flexibly adjusting its supply chain strategy to cope with the impact of tariffs.

Yingqu Technology's products directly exported to the United States are mainly household engraving machines, healthy environment products and some intelligent component products. Before the announcement of the "reciprocal tariff" policy, most of the company's products have been produced and delivered in Malaysia and Hungary. In addition, the company mainly adopts the FOB trade model with overseas customers, and the sea freight and tariffs are borne by the customer, and the impact of tariff increases on the company is relatively small. At present, the company's intelligent manufacturing bases are carrying out various business activities in an orderly manner, and the relevant tariff policies are expected to have a limited impact on the company's overall operation.

According to Xiechuang data, the company is basically not affected by the adjustment of the tariff policy from a comprehensive measurement of business proportion, trade mode and delivery channels.

Chenzhan Optoelectronics disclosed that from 2024, the company has built a production base in Thailand and mass production by the end of the year, and 70% of the company's products exported to the United States have been changed to Thailand. The company's overall exports to the United States accounted for no more than 40% of revenue. In addition, the ODM business mostly adopts the FOB method for the customer's trading terms, which reduces the impact of tariffs on the company's costs. The company will continue to increase the proportion of production and shipments in Thailand to revenue and further diversify risks.

Victory Giant Technology disclosed that in the first quarter of 2025, the company's PCB products directly exported from Chinese mainland to the United States accounted for less than 1%. The direct impact of this round of tariffs on the company's revenue and profit is minimal. At present, the company's major customers have sufficient orders in hand, and various businesses are progressing steadily and have not been affected.

Jiuzhiyang's announcement shows that since 2019, 100% of the company's sales revenue has come from the domestic market, and the "reciprocal tariff" has limited impact on the company's business.

Listed companies in multiple industries speak out

In Shenwan's "Machinery and Equipment-General" industry, Kunzhou Shipbuilding Intelligent (301311. SZ) and other companies responded to the topic of tariff impact.

Kunzhou Shipbuilding Intelligence said that only some of the company's components are purchased from North America, the company's supply chain is relatively stable, and the U.S. tariffs have little impact on the company's product exports, and the domestic tariffs have limited impact on the company's existing business and overall production and operation.

In the "light industry manufacturing-packaging and printing" industry, Wang Zi New Materials (002735. SZ) said that in 2024, the company's sales turnover to the United States will account for about 6%, and the adjustment of the U.S. tariff policy will not have a significant adverse impact on the company's production and operation.

In addition, Korrun shares (300577. SZ) is mainly engaged in the research and development, design, production and sales of leisure bags, suitcases, business bags, apparel and related accessories. The company estimates that the sales revenue in the U.S. market will account for about 15% in 2024, which is relatively low. At present, the company's products sold to the United States are mainly produced by the Indonesian manufacturing base. The impact of this additional tariff on the company as a whole is limited.

CSSC Emergency (Rights Protection) (300527. SZ) disclosed that only a very small part of the company's parts are indirectly purchased from North America, and the company's supply chain is very stable. The company actively expands overseas markets, deeply cultivates Southeast Asia, Africa and South America, and the company and its subsidiaries do not sell products to North America. The impact of this round of tariffs on the company's overall production and operation is extremely limited, and the company's production and operation are normal.

Chuan Jinnuo(300505. At present, the main export areas of its products include South Asia, Southeast Asia, South America and other regions, and there is no import and export business in North America, and its operation is not affected by the "equivalent tariffs" of the United States.