ZTE says nearly 40 companies say it’s not as good as asking for help
Source: Vision of China: Zhang Wenxiang Li Qiaoyu US government sanctions regarding the progress of ZTE, sparked worldwide attention.
After accepting the US government’s export ban on the 4th, ZTE officially released a press conference on April 20 to respond.
”Such sanctions will put the company in shock immediately.
“Yin Yimin, chairman of ZTE, admitted that the sanctions imposed by the United States government on ZTE’s blockade into a huge crisis will directly affect the company’s 80,000 employees’ working rights.
According to incomplete statistics from the reporter of Securities Daily, nearly 40 listed companies such as Fenghua Hi-Tech, Changying Precision, and Runjian Communication have clearly stated that the scale of cooperation between the company and ZTE has been reduced, and the impact of the sanctions on ZTE may ignore the company.
Sanctions will be fully resolved April 20, 2018, ZTE announced a press conference at its Shenzhen headquarters and is committed to responding to U.S. government sanctions.
According to reports, Yin Yimin conducted the press conference and answered two questions from the media. The press conference lasted about 10 minutes.
At the meeting, ZTE stated frankly that the sanctions would bring a huge crisis to ZTE and “put the company into a state of shock immediately.”
”The sanctions will directly affect the right to work of the company’s 80,000 employees.
Yin Yimin believes that in addition to causing significant damage to the interests of company employees and the company ‘s 300,000 shareholders worldwide, the sanctions have directly harmed the interests of many individual operators worldwide and millions of American consumers.
Yin Yimin accused the US government of sanctions to “extend the minute problems infinitely.”
He is also particularly good at ZTE’s opposition to the corrections made by the US Department of Commerce and politicization of trade issues. The company will resolve sanctions by all means permitted by law.Shareholders’ interests, conclusion of responsibilities to customers and partners.
In essence, Yin Yimin also expressed his confidence in ZTE going out of bounds. “ZTE’s products have a market in the country, and with the support of 1.3 billion people, we have the ability and determination to weather difficulties.
Yin Yimin also commented on the current status of ZTE’s current chip core technology being controlled by others.
“We are also seriously reflecting, and we must increase investment in research and development.
“Yin Yimin said.
ZTE’s punishment caused widespread concern among market participants. At a news conference, Yin Yimin responded to the reasons for the conflict in ZTE’s internal management.
”Export control is a complex system. ZTE’s business is complex and it has a large number of employees. To ensure that each employee and business will not be negligent at any time, we need to work harder.
Yin Yimin introduced that the president of ZTE directly leads the compliance committee. In 2017, ZTE spent more than USD 5,000,000 on compliance, and plans to invest more resources in 2018. At present, the company has more than 6 organizations.
50,000 employees conduct compliance training and provide more than 130,000 pages of documents.
In this evening, on the evening of April 22nd, ZTE issued another announcement saying that the company has learned lessons from export control compliance in the past, highly changed its export control compliance work, and considered compliance as the cornerstone of the company’s strategy and the replacement of operations andBottom line.
The company established a compliance management committee directly led by the president; formed a global team of senior export control compliance experts; established and optimized ZTE’s export control compliance management structure, systems and processes; and implemented SAP trade compliance management and control tools(GTS); cooperate with independent compliance supervisors to carry out regulatory work; transform export control compliance work with continuous investment.
The company has taken and is taking measures to comply with the denial order, actively communicate with relevant parties and seek solutions.
Nearly 40 listed companies have clarified their relationships. As a result of their business dealings with A-share listed companies, the sanctions against ZTE will have an impact on A-share listed companies and have also attracted industry attention.
”Securities Daily” reporter found that on the investor interaction platform, Shenzhen Tianma A, Tianfu Communication, Borch Technology and other five listed companies responded that ZTE was its customer, of which three companies’ commitments have recently contradictedDecline.
In addition, according to incomplete statistics from reporters of the Securities Daily, nearly 40 listed companies such as Fenghua Hi-Tech, Changying Precision, and Runjian Communication have clearly stated that the scale of the company’s cooperation with ZTE is small, and the impact of the sanction on ZTE on the company can affectignore.
”On the whole, ZTE does not have the ability to provide technology exclusively in most areas, so ZTE was sanctioned, mainly because it hindered the companies in the upstream of the industry chain, but had less impact on downstream companies.
The upstream companies that are relatively affiliated to ZTE are mainly small companies.
“Fu Liang, an independent telecommunications analyst, told a Securities Daily reporter that if a ZTE company is sanctioned, the impact on the relevant industry chain will mainly be reflected in the short term, and the overall impact on the entire industry will not be large.
But yesterday, things turned a corner.
A senior U.S. Department of Commerce official revealed that US officials had approved ZTE ‘s request for more information late last Friday.
The official said that according to official regulations, ZTE did not have the right to bring an administrative lawsuit, but US officials agreed to subsequently accept the evidence through informal procedures.
The official also said that no sanctions were appropriate.
At the same time, the spokesperson of the Ministry of Commerce responded to the inquiry yesterday when responding to a question about US Treasury Secretary Mnuchin’s consideration of coming to China for dialogue, saying that China has received the information that the United States hopes to come to Beijing to resolve economic and trade issues, and China welcomes this.
More than 20 listed companies are paying attention to “China Core” and “China Core” is really hot.
”Securities Daily” reporter According to the Flush iFinD statistics, as of April 20, the chip concept index has increased by 4 since April.
63%, while the three major stock index A-share market in the same period, the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index and the ChiNext Index fell 3 respectively.
07%, 4.23% and 6.
The broad prospects of the “China Core” concept listed company and the policy support behind it led to a carnival of funds. In just one trading day on April 20, the turnover of chip concept stocks reached 535.
900 million yuan.
Investors ‘enthusiasm for” China Core “has aroused market attention. There are listed companies on the investor relations interactive platform to remind investors to stay away from the concept of following the hype, highlighting the risks of investment, and caution in entering the market.
Some brokerages pointed out in an interview with the “Securities Daily” reporter that do not over-hype the concept, and the profit cycle of the chip industry is relatively inaccurate.
”Securities Daily” reporter combed according to the Shanghai Stock Exchange and the Shenzhen Stock Exchange Investor Relations Interactive Platform. During the period from April 16 to April 22, more than 20 listed companies revealed that the company was related to “China Core” during the investor exchange process.The layout of the industrial chain.
Taking Dingxin Communication as an example, the company stated on the interactive platform that the company’s research and development chips mainly include three categories: transformer chips (including narrowband and broadband), bus communication, energy meter chipset, spiral body chip itself is the leading domestic and internationalIt doesn’t matter to replace imports; bus communication chips are used for fire alarm systems; board-level applications such as power meter chipset MCUs, metering chips, and power chips are mainly to improve design cost competitiveness and automated manufacturing, and individual chips replace imports.
In addition, the acquisition of companies in the chip industry has become another important way for listed companies to deploy the chip industry.
A few days ago, Huaxi shares stated on the interactive platform that its stake in Lanqi Technology was 2.
It is understood that Lanqi Technology is a Chinese chip company, and was ranked the first Chinese IC unicorn company in the “2018 China Semiconductor Market Annual Conference and the Seventh IC Industry Innovation Conference”.
In addition, Huasheng Tiancheng, Changying Precision and other companies also rank as “chip concept stocks” by acquiring companies in the chip industry.
It is worth mentioning that Kun Cai Technology, which is researched and developed by the military pearlescent materials, also forcibly “spotted attractions” when investors asked about the application of the company’s products in the chip industry, saying: “Company products can replace imported products.The main products are coatings, plastics, automobiles, cosmetics, inks, leather, ceramics, building materials, seeds and other industries. I believe that it can also be used on chips.
“Some people from the securities firm told the Securities Daily reporter that listed companies in the chip industry pointed out that many companies are now beginning to make arrangements in the chip field. The main reason is the state’s policy support.
Investors can pay attention to the company’s R & D expenditures when investing in listed companies in related industries. For listed companies that borrow and acquire companies in the chip industry, they must pay attention to the synergy between their businesses.
Companies such as Huichuan Technology and Zhongke Information have been suggested to invest in related industries.
A listed company responded and said, “Each company’s development stage and development strategy are different. We will make strategic choices based on the company’s operating conditions, technology, and capabilities.
“According to incomplete statistics from the reporter of the Securities Daily, a total of 20 companies have clearly stated that they have not 武汉夜网论坛 been involved in chip-related business.
Regarding the phenomenon that investors are enthusiastic about the concept of “China Core”, some listed companies suggest that investors follow the concept of value investment, stay away from the speculation of following the trend, highlight that investment has risks, and be cautious when entering the market.
Another brokerage person admitted to the reporter of “Securities Daily” that “China chip” R & D requires a process, and the profit cycle will be relatively replaced.
Source: Securities Daily Original headline: ZTE claims that “seeking others is better than asking for oneself” Nearly 40 listed companies say that the joint impact is small