---
title: "JP Morgan lists the Chinese stocks that are most negatively impacted by the appreciation of the RMB (Table)"
description: "JP Morgan listed the companies affected by the appreciation of the RMB on the earnings of Chinese stocks, indicating that a 5% appreciation of the RMB against the USD will negatively impact the net pr"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/275404223.md"
published_at: "2026-02-10T04:57:44.000Z"
---

# JP Morgan lists the Chinese stocks that are most negatively impacted by the appreciation of the RMB (Table)

> JP Morgan listed the companies affected by the appreciation of the RMB on the earnings of Chinese stocks, indicating that a 5% appreciation of the RMB against the USD will negatively impact the net profits of several companies. The affected companies include SHENZHOU INTL, Super Ocean International, SMIC, USISH, COWELL, Longi Green Energy, SINOCERA MATERIAL, Zhejiang Dingli, Sany, XCMG, WUXI BIO, WUXI XDC, Jereh Holdings, and Sinopec Oilfield Service, with an expected impact range of 7% to 15%

Stock│Estimated Impact on Net Profit from a 5% Appreciation of RMB against USD

Shenzhou International (02313.HK)│High single-digit number

Superbloom International (02111.HK)│High single-digit number

SMIC (00981.HK)│High single-digit number

USISH (601231.SH)│Approximately -10%

COWELL (01415.HK)│Approximately -10%

Longbai Group (002601.SZ)│Approximately -15%

SINOCERA MATERIAL (300285.SZ)│Approximately -13%

Zhejiang Dingli (603338.SH)│Approximately -7%

Sany (600031.SH)│Approximately -8%

XCMG (000425.SZ)│Approximately -9%

WUXI BIO (02269.HK)│Approximately -10%

WUXI XDC (02268.HK)│Approximately -10%

Jereh (002353.SZ)│Approximately -12%

Sinopec Oilfield Service (01033.HK)│Approximately -8%

### Related Stocks

- [688981.CN - SMIC](https://longbridge.com/en/quote/688981.CN.md)
- [83192.HK - A BOS RMB MM-R](https://longbridge.com/en/quote/83192.HK.md)
- [02313.HK - SHENZHOU INTL](https://longbridge.com/en/quote/02313.HK.md)
- [600031.CN - Sany](https://longbridge.com/en/quote/600031.CN.md)
- [03192.HK - A BOS RMB MM](https://longbridge.com/en/quote/03192.HK.md)
- [02268.HK - WUXI XDC](https://longbridge.com/en/quote/02268.HK.md)
- [300285.CN - SINOCERA MATERIAL](https://longbridge.com/en/quote/300285.CN.md)
- [03420.HK - A VP RMB MM](https://longbridge.com/en/quote/03420.HK.md)
- [600871.CN - SSC](https://longbridge.com/en/quote/600871.CN.md)
- [00981.HK - SMIC](https://longbridge.com/en/quote/00981.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| China c.bank: to reduce foreign exchange risk reserve ratio for foreign exchange sales to 0% from 20% effective March 2 | China c.bank: to reduce foreign exchange risk reserve ratio for foreign exchange sales to 0% from 20% effective March 2 | [Link](https://longbridge.com/en/news/277121239.md) |
| SDI's Stock Pops as China's Sinocera Plans to Buy Australian Dental Materials Firm for USD110 Million | Shares of SDI surged over 45% to AUD1.28 after announcing its acquisition by China's Sinocera for AUD166 million (USD109 | [Link](https://longbridge.com/en/news/277428719.md) |
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| 19:31 ETSANY präsentiert auf der CONEXPO 2026 neue Maschinen, intelligente Technologien und Dienstleistungen | SANY will showcase its comprehensive North American portfolio, technologies, and services at CONEXPO-CON/AGG 2026 in Las | [Link](https://longbridge.com/en/news/276960728.md) |
| 04:34 ETSANY to Unveil New Machines, Smart Technology, and Service at CONEXPO 2026 | SANY will showcase its North American portfolio at CONEXPO-CON/AGG 2026 in Las Vegas, featuring 32 machines and 17 attac | [Link](https://longbridge.com/en/news/276864661.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.