Core Points - The U.S. Department of Commerce has made a preliminary ruling on anti-dumping duties for "thermoformed molded fiber products" from China and Vietnam, with the company facing a duty rate of 470.63% as a mandatory respondent [1] - The preliminary countervailing duty rate is set at 5.99% for the company, while other Chinese producers face rates ranging from 6.38% to 153.25% [1] - Cumulatively, the total tariff rate, including previous tariffs and the preliminary ruling, amounts to 646.62% [2] Company Impact - Approximately 52% of the company's revenue in the 2024 fiscal year is expected to come from exports to the U.S., with the domestic factory's shipments to the U.S. in Q1 2025 accounting for about 52% of total sales [2] - The company's Thai factory, which has a production capacity of 35,000 tons of biodegradable tableware from sugarcane residue, is expected to mitigate the impact of the anti-dumping investigation [2] - The company has engaged a professional legal team to respond to the investigation and has filed a complaint with the U.S. Department of Commerce, which plans to conduct an on-site verification in June 2025 [2]
众鑫股份：美国商务部对原产自中国、越南热成型模塑纤维产品发起反倾销、反补贴调查初裁结果