Core Viewpoint - The company, Spring Power (603129), announced that its wholly-owned subsidiary in the U.S., CFMOTO POWERSPORTS, INC. (CFP), received a notice from the U.S. Customs and Border Protection (CBP) regarding a classification adjustment for UZ products exported from its Chinese factory, which will require retroactive tax payments totaling $19.3287 million [1] Group 1 - The classification adjustment involves historical tariff payments for UZ products exported from the Chinese factory to the U.S. [1] - As of October 23, 2025, the total amount of related bills received by CFP is $19.3287 million [1] - The company is assessing the impact of these adjustments on its financial results for the year 2025, considering the uncertainty surrounding future tax bills and appeals [1] Group 2 - The company has effectively mitigated the cost pressure from U.S. tariffs by diversifying its production capacity through facilities in Thailand and Mexico [1] - As of September 2025, sales in the U.S. accounted for less than 30% of the company's total revenue, indicating reduced reliance on the U.S. market [1] - The classification adjustment is not expected to have a significant adverse impact on the company's future operations [1]
春风动力:子公司收到美国海关和边境保护局账单