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Hunan Huasheng (600156.SH): Currently no cooperation with Dunhuang Net.
Gelonghui reported on April 21 that Hunan Huasheng (600156.SH) stated on the investor interaction platform that the company's cross-border e-commerce business has maintained a stable development trend in recent two quarters, without any unexpected growth. Currently, the company’s business is progressing in an orderly manner according to the established Global Strategy, and we are continuously monitoring market dynamics and Industry trends, actively exploring new opportunities for business growth. As of now, the company has no cooperation with Dunhuang.com.
Hunan Huasheng (600156.SH): Received the decision letter for administrative regulatory measures.
On April 16, Gelonghui reported that Hunan Huasheng (600156.SH) announced that it received the administrative supervision measures decision letter from the China Securities Regulatory Commission Hunan Supervision Bureau regarding corrective measures to be taken against Hunan Huasheng Co., Ltd. and warning letters to be issued to the responsible individuals. The company has the following issues: 1. Inaccurate information disclosure. The company did not assume primary responsibility for the trading business of colored woven products conducted in 2021-2022 and should have recognized the revenue from the related business using the net method. The company used the gross method for accounting, leading to incorrect financial data in the semi-annual and annual reports for 2021-2022.
Hunan Huasheng (600156.SH): The proportion of export Business to the USA is low, accounting for about 2.34% of the company's total revenue in 2024.
On April 10, 2023, Hunan Huasheng (600156.SH) stated on the interactive platform that the company attaches great importance to the policy changes regarding trade tariffs. After careful assessment and research, the impact of recent USA tariff policies on the company's Business is explained as follows: 1. The company's export business to the USA accounts for a low proportion, about 2.34% of the company's total revenue in 2024, so the recent adjustments to the China-USA trade tariff policy have a relatively small impact on the company; 2. The company is actively exploring more new markets, such as Australia and other markets with demand similar to the USA, while also increasing efforts to expand into countries involved in the Belt and Road Initiative Concept to cope with the reduction in USA Orders.
Huasheng Shares: Summary of Huasheng Shares 2024 Annual Report
Huasheng Co., Ltd.: Huasheng Co., Ltd. 2024 Annual Report
Huasheng Co., Ltd. 2024 Annual Report
Hunan HuashengCO.,Ltd's (SHSE:600156) 29% Price Boost Is Out Of Tune With Revenues
