Core Viewpoint - The Japanese Minister of Economic Revitalization, Akizawa Ryozo, stated that U.S. tariffs will lead to a global slowdown, resulting in decreased exports and weakened demand, which will subsequently impact the Japanese economy [1] Group 1 - U.S. tariffs are expected to cause a global economic slowdown [1] - The slowdown will lead to a decline in exports [1] - Weakened demand due to tariffs will affect the Japanese economy [1]

金十数据8月1日讯，今天上午油价开盘几乎没有变化，布伦特原油价格接近72美元/桶。有分析师称， 对原油而言，关税的影响是双向的。由于广泛的贸易关税影响预计将减缓经济增长，这将对石油需求产 生负面打击。然而，美国的其他相关处罚——尤其是那些威胁针对俄罗斯石油买家的处罚——可能会扰 乱供应，从而支撑油价。 分析师：美国关税对油价的影响可能是双向的 布伦特原油 ...

Core Viewpoint - The market's muted reaction to the latest U.S. tariffs suggests that investors may have already anticipated these developments and adjusted their portfolios accordingly [1] Market Reaction - Analysts note that market volatility remains orderly, indicating a lack of panic among investors [1] - There has been no significant sell-off in growth assets such as U.S. stock index futures and Bitcoin, nor a substantial shift towards safe-haven assets like the U.S. dollar and gold [1]

Core Viewpoint - The U.S. tariffs create a lose-lose situation, leading to higher costs for American consumers [1] Group 1 - The Vice President of Brazil emphasizes that U.S. tariffs will result in increased prices for products, ultimately affecting American consumers [1]

赛峰集团首席执行官：在法国设立新工厂的决定与美国关税或最近的跨大西洋关系无关。 ...

加拿大央行货币政策报告未提供经济预测，但指出美国关税带来的不确定性。 ...

Group 1: Company Overview and Market Conditions - The overall business situation from April to June remained stable, with export sales affected by U.S. tariffs and order cycles, leading to a slowdown in sales but still maintaining normal levels [2] - Domestic market competition has intensified, prompting the company to adjust marketing strategies and actively promote market expansion, resulting in steady growth in shipment volume [2] Group 2: Impact of U.S. Tariffs - Export sales to the U.S. are primarily impacted by tariffs, with the highest tariff reaching 145%, causing many customers to adopt a wait-and-see approach; however, orders are gradually returning to normal after the retention of a 30% tariff [3] - Tariffs are generally borne by customers through FOB arrangements, with some costs reflected in product pricing, and the company also absorbs part of the tariff [3] - The company maintains close communication with customers to develop countermeasures and plans to participate in 29 trade shows in 2025 to explore other overseas and domestic markets [3] Group 3: Financial Performance and Future Outlook - The impact of tariffs on gross profit margins is uncertain and will be clarified in the 2025 semi-annual report; however, the expected change is not significant [3] - The company has not seen a reduction in customer reliance on its products, and the demand in the U.S. market remains relatively stable, particularly for bathroom products [3] - The company aims to maintain its advantages in plastic bathroom pumps while significantly developing stainless steel pumps, with plans to expand product categories and sales channels [4] Group 4: Dividend Policy - The company has historically maintained a high cash dividend ratio, with cumulative net profit of CNY 2.773 billion and cumulative cash dividends of CNY 2.255 billion, exceeding 80% of net profit [4] - Future dividend distributions will depend on the company's development needs and actual operating conditions, subject to approval by the board and shareholders [4]

阿迪达斯首席执行官：集团拥有强大的供应链。将对最终关税进行定价审查。我们并未因美国关税而取 消任何订单。 ...

日产首席执行官：美国关税对本财年的负面影响从之前预期的至多450亿日元下调至300亿日元。 ...

Group 1 - Brazilian stock index maintains a gain of over 0.7% [1] - Brazilian real appreciates against the US dollar by over 0.3% [1] - Finance Minister Haddad states that the Lula administration will have congressional support in addressing US tariffs [1] Group 2 - No special actions are required before August 1 [1] - Haddad has communicated with the team of US Treasury Secretary Yellen and may have a phone call with her [1]