Fuling shares: The imposition of "reciprocal tariffs" in the United States will increase the adverse impact on the company's operations

On April 6, Fuling announced that the company's products are mainly exported, and the United States is the company's main sales market. Since June 2018, the Sino-US trade friction, the United States has imposed a 25% tariff on some Chinese goods exported to the United States, and some of the company's main products, such as plastic straws, are also within the scope of the above tariffs. The company has transferred part of the production capacity of the tariff products to overseas through the production capacity deployment of production bases in the United States, Indonesia and Mexico, thus reducing the impact of the tariff on the company. However, the production capacity and output of the company's overseas production bases are relatively low, and most of the production capacity and output are still in the Taizhou production base in China. The company's products sold to the United States are still mainly exported from the Chinese production base. The US tariffs still have a significant impact on the company's operations. At present, the company's production and operation are normal, and the company will continue to pay attention to and evaluate the specific impact of tariff matters on the company's operating performance.