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JPMorgan listed Chinese stocks that are significantly affected by RMB appreciation, leading to reduced profitability (table).
Share│Estimated impact on net profit for every 5% appreciation of RMB against USD: Shenzhou International (02313.HK) │ High single-digit percentage Supreme Crystal (02111.HK) │ High single-digit percentage SMIC (00981.HK) │ High single-digit percentage Universal Scientific Industrial (601231.SH) │ Approximately -10% Gaw Capital (01415.HK) │ Approximately -10% Lomon Billions Group (002601.SZ) │ Approximately -15% Guoci Materials (300285.SZ) │ Approximately -13% Zhejiang Dingli (603338.SH) │ Approximately -7% Sany Heavy Industry (600031.SH) │ Approximately -8%
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