Petpal Tech.: It is expected that port fees will not have a significant impact on the company's current performance

Zhitong
2025.10.15 08:14

An investor asked Petpal Tech about the high port fees imposed by the United States on vessels owned, operated, or constructed in China starting from October 14, 2025. Will this increase the shipping costs of Petpal Tech's products exported to the U.S.? Petpal Tech stated on the interactive platform that most of the company's export business adopts the FOB model, meaning that after completing the production of relevant products, customs clearance, and loading the goods onto the ship according to the sales contract or order signed with the customer, the company recognizes revenue, and the shipping costs are borne by the buyer. A small portion of the export business adopts the DAP model, where the company is responsible for delivering the goods to the designated location of the other party. It is expected that the port fees will not have a significant impact on the company's current performance, and the company has been closely monitoring this matter