The United States once again unreasonably suppressed Chinese enterprises.
On February 7 local time, the Bureau of industry and security (BIS) of the US Department of Commerce announced that 33 entities headquartered in China would be included in the so-called “unverified list” (hereinafter referred to as UVL). (check the list: it is unreasonable to suppress Chinese enterprises! The US Department of Commerce will include 33 Chinese entities in the so-called “unverified list”)
Source: https://www.federalregister.gov
The report said that companies included in this list must accept stricter export controls because U.S. officials are unable to conduct routine verification.
Yao Ming’s shares fell sharply
Cdmo Yaoming biology and Yaoming Biology (Shanghai) are listed in the above UVL list. On the morning of February 8, Hong Kong stock Yaoming biological fell 22.77% and suspended trading. The latest total market value of the company was HK $262.4 billion. Hong Kong stocks Wuxi Apptec Co.Ltd(603259) fell more than 20%, and Wuxi Apptec Co.Ltd(603259) A shares fell by the limit.
Wuxi Apptec Co.Ltd(603259) issued a midday announcement that neither the company nor its subsidiaries were included in the “unconfirmed list” by the U.S. Department of Commerce. The current production and operation of the company is normal. The company noticed today’s media report that Wuxi biologics (Cayman) Inc. Two subsidiaries of are listed. Yaoming biology is an independent listed company, and the company does not hold any shares of YaoMing biology.
According to the data, although the ultimate controlling parties of YaoMing biology and Wuxi Apptec Co.Ltd(603259) are the same, the businesses of the two companies operate independently and the business scope is also different. The former focuses on macromolecules and the latter focuses on small molecules.
According to reports, Yaoming biology executives said in a conference call organized on the morning of China Securities Co.Ltd(601066) on the 8th that the main reason for being listed in UVL was that covid-19 epidemic interrupted the investigation, and the U.S. Department of commerce could not come to China for inspection. “At present, the company’s lawyer team in the United States is working urgently and preparing to negotiate with the U.S. Department of Commerce tomorrow.”
Yaoming biological said in a statement that the UVL list is not a more well-known “entity list” or “blacklist” of the United States. The company is welcome to check at any time to remove it from such list. The company is also taking interim measures to remove these subsidiaries from the list before inspection.
several A-share companies are involved
Most of the companies included in the UVL list are electronic companies, but there are also optical companies, a wind turbine blade company, the National Laboratory of the University and other companies.
China Securities Journal · China Securities Taurus reporter comparison found that in addition to Yaoming biology, there are many A-share companies involved.
As of the morning closing on the 8th, Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) fell 7.59% in the morning. Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) is a comprehensive solution provider of laser and automation equipment. It is mainly engaged in the R & D, design, production and sales of laser and automation equipment in consumer electronics, power battery, sheet metal processing and other industries. It has formed strong advantages in the field of comprehensive application of laser, automation and intelligence.
In addition, both Shenzhen Deren Electronic Co.Ltd(002055) and Hubei Xingfa Chemicals Group Co.Ltd(600141) subsidiaries were included in the UVL list, and the two companies closed down nearly 3% on the morning of the 8th.
In response to the fact that the United States had previously “blackmailed” a number of Chinese institutions, the spokesman of the Ministry of foreign affairs stated on many occasions that China has always opposed the United States’ act of generalizing the concept of national security and unreasonably suppressing Chinese enterprises. China will, as always, resolutely safeguard the legitimate and legitimate rights and interests of Chinese enterprises.
Unreasonable pressure! 33 Chinese entities including Yaoming biology and Suzhou Gyz Electronic Technology Co.Ltd(688260) were included in the “unverified list” by the US Department of Commerce
Yao Mingsheng: “unverified list” is not a well-known “entity list” or “blacklist” of the United States
Yaoming biological executives: the company is ready to negotiate with the U.S. Department of Commerce on the listing of UVL
Wuxi Apptec Co.Ltd(603259) : neither the company nor its subsidiaries are listed in the “unconfirmed list” by the U.S. Department of Commerce
Luxshare Precision Industry Co.Ltd(002475) response: stock price fluctuations are affected by the market and are not included in the “unverified list”
