According to several media reports, on February 7 local time, the Bureau of industry and security (BIS) of the U.S. Department of Commerce issued a statement announcing the inclusion of 33 entities headquartered in China in the “unverified list (UVL)”. According to the regulations of the U.S. Department of Commerce, when U.S. entities export, re export or transfer items governed by the export administration regulations to these entities, they must apply for an export license.
On the evening of February 8, Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) , Yaoming biology and other companies announced the impact of this incident on the company.
statement of listed companies
It was announced on February 8 that only Guangzhou Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) entered UVL, which will not affect listed companies and other subsidiaries. The company is concerned that BIS recently released an updated UVL. This list includes Guangzhou Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) , a wholly-owned subsidiary of the company. Since its establishment, Guangzhou Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) has focused on the R & D, production and sales of sheet metal laser and automation equipment, and provided customers with high-quality comprehensive solutions for sheet metal laser and automation.
The entry of Guangzhou Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) into UVL has no significant adverse impact on the operation and financial status of listed companies. The main reason is that only Guangzhou Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) enters UVL and does not affect listed companies and other subsidiaries. According to preliminary statistics, the purchase amount of Guangzhou Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) in 2021 is about 2.45 million yuan, of which 156000 yuan is imported from the United States, which is very small. In 2021, the operating revenue of Guangzhou Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) was about 4.5 million yuan, of which the revenue from exporting to the United States was 0 yuan (the above data were not audited). The company will further analyze and evaluate the impact of this matter on the future development of the company, continue to communicate with all relevant parties and do a good job in various response work.
From the stock price performance, on February 8, Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) closed at 45.85 yuan / share, down 7.41%.
On February 8, Yaoming biotechnology announced that the company had noticed that BIS had included two subsidiaries of the company, Wuxi Yaoming Biotechnology Co., Ltd. and Shanghai Yaoming Biotechnology Co., Ltd. in the unverified list. According to the company’s understanding, the reason why the above subsidiaries are included in the unverified list is that the relevant agencies of the U.S. government are unable to carry out the necessary verification procedures in order to export the corresponding equipment from U.S. suppliers. The unverified list is different from the entity list.
The event will not have a significant adverse impact on the services provided by the company to global customers, and all businesses are advancing steadily. At the same time, since there is no need to import relevant instruments and equipment after the construction of relevant facilities in Shanghai and Wuxi, the impact of this event on the company’s import is also relatively small. Nevertheless, the company is actively taking temporary measures to remove these subsidiaries from the unverified list. The trading of the company’s shares has been suspended on the Hong Kong Stock Exchange since 10:51 on February 8. The company has applied to the stock exchange to resume the trading of the company’s shares from the morning of February 9.
On February 8, Yaoming biology closed at HK $62.25/share, down 22.77%.
response from the Ministry of Commerce
Earlier, according to several media reports, BIS issued a statement on February 7 local time, announcing that 33 entities headquartered in China would be included in the so-called “unverified list”. Companies on this list must be subject to stricter export controls because U.S. officials cannot routinely verify them. Most of the companies included in the list are electronics companies, but there are also optical companies, a wind turbine blade company, as well as the University’s national laboratory and other companies. After the 33 Chinese entities were included, the total number of entities on the list reached about 175. Other countries with entities on the list include Russia and the United Arab Emirates.
On February 8, when answering a reporter’s question on BIS’s inclusion of 33 Chinese entities in the “unverified list” of export control, a spokesman for the Ministry of Commerce pointed out that China has taken note of the relevant announcement of the US government. China firmly opposes the inclusion of Chinese entities in the “unauthenticated list” on the grounds that “their integrity cannot be verified due to the unsatisfactory completion of end-user visits”. In recent years, the United States has used export control as a tool for political repression and economic bullying, and has constantly taken unilateral measures to suppress and contain enterprises, institutions and individuals of other countries, creating difficulties and obstacles to normal economic and trade cooperation between Chinese and American enterprises, seriously undermining the international economic and trade order and free trade rules, and posing a serious threat to the global industrial chain supply chain, which is not conducive to China, Not good for the United States, not good for the whole world. The United States should immediately correct its wrong practices, return to the right track of win-win cooperation, and work with the international community to make more contributions to the stability of the global industrial chain, supply chain and world economic recovery.
