海外铜管产品的竞争，实际是中国铜管加工企业之间在海外的竞争，公司在海外9个国家拥有12个基地，公司海外产能远超同行，公司海外铜管产能占中国企业在海外铜管产能约三分之二，退税政策的调整，会显著提升公司在海外基地生产产品的竞争力。公司的印尼铜箔项目是国内铜箔加工企业唯一海外项目，已试生产，明年将实现批量生产供货，退税政策的调整将极大的提高印尼铜箔基地的战略地位与海外竞争力。Zhejiang Hailiang (002203.SZ) announced in a public notice on November 15, 2024, according to the Ministry of Finance and the State Taxation Administration...
According to the announcement issued by the Ministry of Finance and the State Taxation Administration on November 15, 2024, under the 15th announcement of 2024 regarding the adjustment of export tax rebate policy, effective from December 1, 2024, the export tax rebate rates for certain refined oil, photovoltaic, battery, and some non-metallic mineral products will be reduced from 13% to 9%; the export tax rebate for aluminum materials, copper materials, as well as chemically modified animal, plant, or microbial oils, fats, and other products, will be abolished.
The adjustment of the export tax rebate policy this time, cancelling the export tax rebate for aluminum and copper materials, mainly involves the company's copper tube products for export. Moreover, over 90% of the company's exported products are processed using imported materials, and the processing business model is based on processing fees as the tax base, hence the impact of the tax rebate adjustment is minimal. The company is one of the earliest in the industry to deploy a global strategy, possessing rich global experience and operational capabilities to deal with various trade and tax policy changes. After the new policy was introduced, the company actively adjusted its operational strategy, starting from November 18, 2024, all product exports will be adjusted to processing with supplied materials or processing with imported materials.
The competition for overseas copper tube products is actually competition among Chinese copper processing enterprises overseas. The company has 12 bases in 9 countries overseas, with its overseas production capacity far exceeding its counterparts. The company's overseas copper tube production accounts for about two-thirds of the total copper tube production capacity of Chinese enterprises overseas. The adjustment of the tax rebate policy will significantly enhance the competitiveness of the company's product production at overseas bases. The company's copper foil project in Indonesia is the only overseas project of domestic copper foil processing enterprises, with trial production already carried out and planned for mass production and supply next year. The adjustment of the tax rebate policy will greatly elevate the strategic position and overseas competitiveness of the Indonesian copper foil base.
The company will further accelerate the progress of its overseas strategy: tapping into the production capacity of mature bases in ten overseas locations such as Vietnam, Thailand, Germany, and the USA, while also expediting the construction progress of the Morocco base's production capacity to promptly increase the overall overseas production capacity, further enhancing its global competitiveness.
