On May 18, in the early stage, aiming at the problems of poor trade chain, blocked collection and distribution channels and low port operation efficiency, Shanghai Customs successively launched 10 measures to fight the epidemic, protect people’s livelihood, help enterprises and promote development, as well as a notice to accelerate the customs declaration and lifting of goods at Shanghai port, and cooperated with the customs of the Yangtze River Delta region to ensure the safety and stability of the supply chain of the industrial chain.
Customs data show that since late April, the freight volume and total import and export value of Shanghai port have gradually stabilized and rebounded. The agency pointed out that the expectation of RMB devaluation is expected to thicken the export enterprises mainly settled in foreign currencies through exchange gains. On the other hand, the maritime freight rate continues to decline, superimposed with tariff exemption, and the improvement of various factors is expected to drive the boom recovery of the export industry, which is conducive to the recovery of the valuation of enterprises with a high proportion of overseas.
According to the theme database of financial Associated Press, among the relevant listed companies:
Hunan Huasheng Co.Ltd(600156) the main export markets are the European Union, the United States, South Korea, Japan and South America. The company’s overseas revenue accounted for more than 83% in 2021.
Jiangsu Jujie Microfiber Technology Group Co.Ltd(300819) Anhui “superfine fiber fabrics and finished products reconstruction and expansion project” has been put into operation successively, “superfine fiber impregnated fabrics construction project” is currently under construction. In 2021, the company’s operating revenue accounted for 53.07% of its export products.
