---
title: "Citi from \"The Big Banks\": The preferred order for export stocks is Techtronic Industries, Shenzhou International, and STELLA HOLDINGS"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/260829588.md"
description: "Citi released a report indicating that the United States will impose a 100% tariff on Chinese imported goods starting November 1, which may lead to fluctuations in related stocks. The expected volatility is lower than during the retaliatory tariff period implemented in 2025. Citi's preference order for Chinese exporters is Techtronic Industries > Shenzhou International > STELLA HOLDINGS, recommending to sell Zhejiang Dingli, QuanFeng, and other companies, while maintaining a neutral rating on Yealink"
datetime: "2025-10-13T04:13:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260829588.md)
  - [en](https://longbridge.com/en/news/260829588.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260829588.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/260829588.md) | [繁體中文](https://longbridge.com/zh-HK/news/260829588.md)


# Citi from "The Big Banks": The preferred order for export stocks is Techtronic Industries, Shenzhou International, and STELLA HOLDINGS

Citi released a report stating that U.S. President Trump announced that the U.S. will impose an additional 100% tariff on Chinese imports starting November 1, and will implement export controls on all key U.S. software. The bank is uncertain about the duration of this policy, but related stocks may experience volatility during this period. However, the degree of volatility should be lower than during the retaliatory tariff period in Q2 2025, as the new tariffs only apply to manufacturers exporting directly from China to the U.S.

Citi pointed out that the top five companies with the highest sales proportion (and that produce or source in China) are Zhejiang Dingli (603338.SH) (42%), QuanFeng (02285.HK) (30%), Stanley Black & Decker (SWK.US) (15%), Juxing Technology (002444.SZ) (15%), and Yilian Network (300628.SZ) (12%), which may face significant profit impacts. Among Chinese exporters, Citi's stock preference order is Techtronic Industries (00669.HK) \> Shenzhou (02313.HK) \> STELLA HOLDINGS (01836.HK), considering the Federal Reserve's interest rate cut cycle and the extremely low proportion of Chinese imports in their U.S. sales. It is recommended to sell Zhejiang Dingli, QuanFeng, Tuobang Co., Ltd. (002139.SZ), and Anhui Heli (600761.SH), while maintaining a "neutral" rating on Yilian Network

### Related Stocks

- [Techtronic Industries Company Limited (TTNDY.US)](https://longbridge.com/en/quote/TTNDY.US.md)
- [TECHTRONIC IND (00669.HK)](https://longbridge.com/en/quote/00669.HK.md)
- [STELLA HOLDINGS (01836.HK)](https://longbridge.com/en/quote/01836.HK.md)
- [Shenzhou International Group Holdings Limited (SHZHY.US)](https://longbridge.com/en/quote/SHZHY.US.md)
- [SHENZHOU INTL (02313.HK)](https://longbridge.com/en/quote/02313.HK.md)

## Related News & Research

- [Jefferies Adjusts Shenzhou International Group Holdings' Price Target to HK$47 From HK$50, Keeps at Hold](https://longbridge.com/en/news/281164584.md)
- [Guan Chao's Loss Balloons in 2025](https://longbridge.com/en/news/281314987.md)
- [Warren Buffett Bet Big On Oil In Q4: Here's How Much Berkshire Hathaway Is Up On Chevron Stock In 2026](https://longbridge.com/en/news/281213097.md)
- [Zhongtai Securities Sticks to Its Buy Rating for Wasion Holdings Limited (3393)](https://longbridge.com/en/news/281141455.md)
- [Warren Buffett Says He'd Buy 'A Whole Lot' Of Apple If It Gets Cheaper— And He's Not Losing Sleep Over Cashing Out $100 Billion Stake](https://longbridge.com/en/news/281202027.md)