The result of the double counter end of the baby bunny is more than expected

Every reporter liying today, has been under pressure in the United States "double back" survey of the Baby Rabbit (002043, closing price of 3.69 yuan) ushered in the investigation of the final outcome, the company will apply to 59.46% of anti-dumping duties and 13.58% of countervailing duty. In May this year, the United States Department of Commerce announced the initial results of the 22.14% anti-dumping duty, the final cut is undoubtedly more stringent.　　More than that, the company's export business to the US has begun to suffer a rapid decline after the US launched a "double counter" investigation. "Double counter" tax rate total 70% Baby Bunny Bulletin shows that the U.S. Department of Commerce has decided to levy anti-dumping and countervailing duties on hardwood and decorative plywood originating in China, according to the United States Department of Commerce on September 17 on the final outcome of the anti-dumping and countervailing investigation on hardwood and decorative plywood originating in China, which applies to 59.46%　　Anti-dumping Duties and 13.58% countervailing duties. It should be noted that on May 3 this year, the company announced that the United States Department of Commerce on April 29 found that the company has dumping behavior, the initial determination of the company applicable to 22.14% of anti-dumping duty.　　Today's final outcome is clearly several times tougher than previously expected. However, in accordance with the U.S. procedure, the formal imposition of "double counter" tariff before the United States International Trade Commission to make a positive final.　　According to the latest schedule, the U.S. International Trade Commission will release the final results around October 31.　　The export business has been affected by the double whammy, apart from the immediate high punitive tariffs, Rabbit's export business to the U.S. began to suffer since the US launch of the two-counter investigation last October. The Half-year report showed that the company's export earnings fell 14.98% year-on-year in the first half of 2013. In terms of exports to the United States alone, the company's exports to the United States accounted for 9.44% of total revenue in 2012, accounting for 38.85% of total exports, but in the first half of the year, the company's exports to the U.S. share of total revenue fell to 6.01%, the proportion of total exports to 33.3%. The daily economic news reporter also noted that the company's export business gross profit margin has been significantly higher than domestic sales. 2012 and the first half of 2013, the company's export gross profit margin of 18.99% and 19.88%, and the same period of gross domestic sales margin of 13.11% and 11.18% respectively.　　The sharp decline in export orders for high margins has had a big impact on the company's future performance, with the company predicting a year-on-year decline in net profit for January-September this year 0~30%.　　Under this pressure, the company has to put forward, will actively use the traditional sales channels and network trade platform to consolidate and stabilize the original customers, while actively developing new customers and new markets, especially in Asia, South America, Africa and other emerging markets to make up for the weakness of traditional market demand. Wood Plate or general commitments according to the Xinhua news Agency, the U.S. Department of Commerce said in a statement of 17th that China's exports of hardwood and decorative plywood to the United States are dumping and subsidies, dumping margins of 55.76% to 121.65%, the subsidy range is 13.58% to 27.16%, the above products are proposed to levy anti-dumping and countervailing duties.　　The U.S. Department of Commerce data shows that the 2012 U.S. imports of hardwood and decorative plywood value of $748 million. It should be noted that the A-share listed companies in the flooring industry, currently announced by the "double counter" punitive tariffs affect only the baby rabbit. But analysts believe that the huge punitive tariffs on the domestic enterprises engaged in the export of wood flooring is undoubtedly a whole blow. Reporter noted that, including Corona Wood (002354, closing price of 14.55 Yuan), Space board industry (300344, closing price of 7.80 yuan), Jilin Forest Workers (600189, closing price of 7.16 Yuan), Del Home (002631, closing price 10.93 yuan), Great Asia Technology ( 000910, the closing price of 5.22 yuan) and so on many companies are also engaged in the production of wood flooring and export business to the United States.