On the evening of August 27, Lake Electric released its semi-annual report for 2018. In the first half of the year, it achieved operating income of 2.822 billion yuan, a year-on-year increase of 9.32%; net profit attributable to shareholders of listed companies was 204 million yuan, down 9.27% year-on-year.
Lake Electric said that in the first half of 2018, it is proposed to pay a bonus of 20 yuan (including tax) for every 10 shares, and a total dividend of 802 million yuan. On August 28, Lake Electric opened the daily limit, and the stock price was 28.14 yuan.
During the reporting period, the income from the main business income of Lake Electric accounted for about 64% of the total, and the export accounted for a relatively large proportion, while also a certain percentage of exports to the United States.
Regarding the issue of 10% tariffs imposed by the United States on China’s $200 billion worth of goods, Lake Electric said that 10% taxation will not have a significant impact on its US export business, and implementation time and specific commodities are still unclear, and customers will also In its own situation, it seeks to apply for tax exemption from the US government. If the US tax rate on China's 200 billion US dollars of goods is raised from 10% to 25%, the company may adopt measures to open factories overseas.
It is reported that the Trump administration announced on July 10 that it intends to impose a 10% tariff on China's US$200 million worth of goods exported to the United States, and announced a list of target products.
On August 1, the US Trade Representative Office (USTR) announced that US President Trump is considering raising the tariff from 10% to 25% for the tariff of 200 billion US dollars worth of Chinese exports to the United States.
China National Grid understands that the products in this round of target products include refrigerators, air conditioners, freezers, dryers, electrical storage radiators, electrical space heaters, air conditioners (no refrigeration). , Vacuum cleaner, Kitchen waste disposer, Electric fry pan, Electric hair clipper, Electric appliance parts, Electric appliance parts, Electric shaver and hair clipper parts, Dishwasher parts, One-way AC motor, Vacuum cleaner zero part.
According to industry analysts, small household appliances such as vacuum cleaners and electric baking appliances are second to none in terms of the proportion of exports to the US and the growth rate of exports. Therefore, the proposed tariff increase measures will have a greater impact on the export of Chinese vacuum cleaners. .
In addition, because small household appliances such as vacuum cleaners have the characteristics of small size and low damage rate, they are called smooth-type household appliances. In view of the obvious cost advantages in China, the overseas layout of small household electrical appliances enterprises is relatively low, and the production capacity is mainly concentrated in China. .
The industry believes that since the accession to the WTO, the proportion of China's household electrical appliances exports has increased continuously, and the resulting trade surplus is very conspicuous. Therefore, foreign trade friction may become a 'normal'. China's household electrical appliance enterprises are improving the global industrial chain and brand layout. , should use a variety of ways to avoid trade friction risks with a longer-term perspective.