SD HEAD(SZ:002810) Mei Ri Jing Ji Xin Wen·2025-12-22 05:55Core Viewpoint - Shandong Heda has received a significant reduction in anti-dumping and countervailing duties from the U.S. Department of Commerce, which is expected to positively impact the company's financial performance and operational strategy [1][5][9]. Group 1: Anti-Dumping and Countervailing Duties - The final anti-dumping duty rate for Shandong Heda is set at 18.71%, a substantial decrease of 153.53 percentage points from the preliminary ruling [1][5]. - The countervailing duty rate for Shandong Heda is 6.90%, while other Chinese producers face rates ranging from 3.14% to 8.81% [5]. - The initial anti-dumping duty rate was 172.24%, indicating a significant improvement in the final ruling [5][6]. Group 2: Financial Implications - The reduction in duties will lead to a refund of previously paid high guarantee deposits, positively affecting the company's financial results [5][6]. - The sales of hard empty capsules to the U.S. accounted for 62.38% of the total revenue during the investigation period, highlighting the importance of this market for the company [6]. Group 3: Strategic Initiatives - In response to trade barriers, Shandong Heda is accelerating its plans to establish a manufacturing facility in the U.S. as part of its globalization strategy [7][10]. - The company aims to diversify its market presence beyond the U.S., with products already being sold in over 100 countries, including Germany, France, and Japan [10]. - The establishment of a U.S. plant is seen as a critical step to mitigate risks associated with international trade tensions and to enhance market penetration [10].