September 12, 2018 / 9:24 AM / a year ago

FACTBOX-Chinese companies affected by the Sino-U.S. trade war

    Sept 12 (Reuters) - Since March, the United States has levied taxes on Chinese imports of aluminium and steel, and the world's two
largest economies have applied tariffs to $50 billion of each other's goods. 
New duties on $200 billion of Chinese imports will start to hit consumer products directly, including furniture, lighting products,
tyres, bicycles and car seats for babies.            
Below are some companies whose businesses have or will be affected by U.S. tariffs, based on their first-half earnings reports. 
 Company              Sector               Trade war impact                             Strategies 
 Yinbang Clad         Metal                Export volume to the U.S. slumped 20 pct in  Vigorously expand domestic market as well as
 Material Co Ltd                           first half; Domestic demand also affected    export markets outside the U.S. including India,
                                           by trade frictions                           Southeast Asia, Europe and Middle East 
  ZTE Corp            Telecommunications   Swung to a loss of 8.4 billion yuan in H1    Improve compliance, buy export insurance 
                                           due to U.S. sanctions and fines              
  Dongguan Mentech    Telecommunications   Says Sino-U.S. trade frictions brings        To strengthen investment in R&D 
 Optical & Magnetic                        challenges to China's telecommunication      
 Co                                        industry, weakens demand                     
 Kennede Electronics  Electronics          Suffered currency loss of 8.5 million yuan in H1 due to yuan volatility triggered by the trade
 MFG Co Ltd                                war
 Jiangpu Tongrun      Equipment making     Products included in the U.S. tariff list;   To develop new products and new markets
 Equipment                                 says trade friction brings uncertainty to    
 Technology Co                             third-quarter results                        
 Zhongji Innolight    Equipment making     Says company's overseas sales vulnerable to trade frictions  
 Zhejiang             Electronics          Says escalating trade war could affect production and operation, disrupt supply chain 
 Crystale-Optech Co                        
   Sinotrans Air      Transport            says escalating trade war could affect its logistics business in H2. 
 Development Co                            
 NAVINFO Co           Electronics                                                       Says in face of Sino-U.S. trade frictions, will
                                                                                        strengthen business ties with other regions such
                                                                                        as Europe and Israel.
  Jiangsu Nanfang     Machinery equipment  says future exports to U.S. will be          To consider market substitute strategies 
 Bearing Co                                affected by tariffs                          
  Shandong Nanshan    Metal                Exports affected by trade frictions          To expand sales in other overseas markets, such
 Aluminium Co Ltd                                                                       as Europe, Japan and Southeast Asia
 Hangzhou Greatstar   Equipment making                                                  Has been actively looking for manufacturing bases
 Industrial Co                                                                          outside China. It is moving some production to
                                                                                        the U.S., and in June agreed to acquire a
                                                                                        European company. 
 Shandong Linglong    Tyre making                                                       Plans to invest roughly $1 billion in Serbia as
 Tyre Co Ltd                                                                            part of its globalization strategy. It will also
                                                                                        build manufacturing bases in Europe and the U.S.
 China Jushi Co Ltd   chemicals            Products included in U.S. tariff list        To accelerate globalization strategy
 Kingclean Electric   Home Appliances      says overseas sales, which account for 64    Says considering opening factories overseas 
 Co                                        pct of total revenue, is vulnerable to       
                                           trade protectionism                          

 (Reporting by Samuel Shen and John Ruwitch; Editing by Alex Richardson)
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