Zhangzidao Group announced that its wholly owned overseas subsidiary, Zhangzidao Fisheries Group USA, has recently received refunded US tariff payments. As of the announcement date, the cumulative refunded tariffs and interest totaled 1,307,633.23 US dollars, comprising 1,250,680.18 US dollars in tariffs and 56,953.05 US dollars in interest. Converted at the average central parity rate of 6.8932 for the first half of 2026, this amounts to approximately 9.01 million yuan. The refund stems from a February 2026 US Supreme Court ruling that the US government exceeded its statutory authority in imposing tariffs under the International Emergency Economic Powers Act, rendering the tariff measures void from the outset and requiring refunds of collected tariffs to importers. The company said that, in accordance with Chinese accounting standards, the refunded taxes and interest are expected to be recognized in current-period profit or loss for 2026, with no adjustment to prior-year profit or loss. The specific accounting treatment and the amount of impact on profit or loss will be subject to confirmation by the auditor.
Zoneco Group Co LtdUS Supreme Court ruling voids tariffs, leading to refund of $1.31M, boosting 2026 profit.
Subsidiary receives refunded tariffs and interest due to court ruling, increasing income.
