Shandong Hiking International Co.,Ltd (China)

Shandong Hiking International Co., Ltd. is a company located in Qingdao. The company's main products and services include textiles, aquatic products, ships, and tin materials. The company faces challenges due to factors such as global demand contraction, increased international trade frictions, domestic policy uncertainties, significant exchange rate fluctuations, and rising costs. These challenges have led to a decrease in prices for textile exports and aquatic product agency services, putting pressure on the company's operations. Additionally, the international market price decline of tin materials has increased the costs of the company's subsidiary, Xinhua Jin (Qingdao) Technology Materials Co., Ltd., resulting in a significant decrease in revenue and profit. To address these challenges, the company has taken proactive measures such as launching high-value-added export products, actively exploring new markets in South America and Africa, reducing overall labor costs, promoting innovation in domestic trade business through product structure adjustments, and collaborating with brand and e-commerce platform operators. These measures have ensured the stability of the textile export business. Meanwhile, the subsidiary, Qingdao Materials, has adjusted its product structure to increase the production of marketable varieties and expedited the certification process for new customers, preparing for sales expansion and the development of high-quality clients.