natgillin/translations-raw huggingface dataset:
Whilst the investigation established the existence of a significant volume of imports at dumped and undercutting prices, it also established the strength in demand in the electric bicycle market which somewhat limited the negative effects on the profit margin of the Union Industry.
Zbornica CCCME je še navedla, da je najverjetnejša razlaga, da se stopnja dobička med letom 2015 in obdobjem preiskave ni znižala zaradi pritiska kitajskega uvoza, temveč zaradi naložb industrije Unije v povečanje njene proizvodne zmogljivosti.
This observation includes the period between 2016 and the IP, pointed out by the CEIEB, where the sharp increase in imports from the PRC coincided with a relatively small decline in sales of the Union industry due to the continued strength in consumption.
Zbornica CCCME je trdila, da Komisija navedenega argumenta ni obravnavala.
Nevertheless, the Commission observed that the profit margin of the Union industry declined in all years but one and was overall at depressed levels.
Navedena pripomba je bila analizirana v oddelku 5.2.3 začasne uredbe, zlasti v uvodni izjavi 221, kjer je Komisija pojasnila, da naložbe v osnovna sredstva niso bistveno vplivale na dobičkonosnost industrije Unije.
Furthermore, the conclusion of material injury is not based on a single indicator.
Ker ni bilo dodatnih informacij, je bila trditev zavrnjena.
Other indicators, of which some of financial nature such as cash flow, were analysed together with the evolution of the profit margin to conclude to a situation of material injury.
Združenje CEIEB je po dokončnem razkritju ocenilo, da ciljna stopnja dobička v višini 4,3 % ni znatno višja od stopnje dobička v obdobju preiskave, ki je znašala 3,4 %, in navedla, da raven dobičkonosnosti industrije Unije v obdobju preiskave ne dokazuje škode.
The claim had therefore to be rejected.
Kakor je navedeno v uvodni izjavi 198 začasne uredbe, je industrija električnih koles strukturno denarno intenzivna panoga.
The CCCME further submitted that that the most likely explanation of the decline in profit margin between 2015 and the investigation period was not due to the pressure from Chinese imports but the Union industry's investments to increase its production capacity.
Zato je pomembno preveriti, ali lahko dosežena dobičkonosnost ustvari zadosten denarni tok, ki bi ohranil dejavnosti industrije Unije.
The CCCME claimed that that argument had not been considered by the Commission.
Kakor je prikazano v preglednici 11 začasne uredbe, je bil denarni tok industrije Unije v obdobju preiskave slab, znašal pa je komaj 0,6 % prihodka od prodaje.
That comment was analysed in section 5.2.3 of the provisional Regulation, notably under recital (221) where the Commission explained that capital expenditure did not have a material impact on the profitability of the Union Industry.
Zato je pri oceni finančnih rezultatov industrije Unije kot celote (brez ločenega upoštevanja dobičkonosnosti) ohranjena ugotovitev glede slabih finančnih rezultatov industrije Unije.
In the absence of additional information, the claim was therefore rejected.
Zbornica CCCME je po dokončnem razkritju navedla, da bi velike naložbe in zaposlovanje lahko proizvajalcem Unije povzročili znatno večje fiksne stroške in pomembno vplivali na dobičkonosnost, zlasti če bi bila izkoriščenost zmogljivosti majhna.
Following final disclosure, the CEIEB assessed that the target profit margin of 4,3 % was not significantly higher than the profit margin during the investigation period of 3,4 % and submitted that the level of profitability of the Union's industry during the investigation period was not evidence of injury.
Kar zadeva naložbe, so te, kakor je prikazano v uvodni izjavi 197 začasne uredbe, v obravnavanem obdobju znašale največ 2 % prodaje.
As stated in recital (198) of the provisional Regulation, the electric bicycle industry is a structurally cash-intensive business.
Komisija je zato menila, da industrija Unije ni izvedla „velikih naložb“, ki bi lahko pomembno vplivale na dobičkonosnost v obravnavanem obdobju.
It is therefore important to see whether the profitability achieved can generate a sufficient cash-flow to sustain the operations of the Union industry.
Kar zadeva zaposlovanje, je zbornica CCCME trdila, da se je ogromno povečanje zmogljivosti močno odrazilo v znatni rasti števila zaposlenih.
As demonstrated in Table 11 of the provisional Regulation, the cash flow of the Union industry was weak during the investigation period, accounting for a mere 0,6 % of sales turnover.
Vendar je prav tako jasno, da je večje zaposlovanje spodbudila tudi pomembna rast proizvodnje.
Therefore, when assessing the financial performance of the Union industry as a whole, and not looking at the profitability in isolation, the finding concerning the poor financial performance of the Union industry is maintained.
Komisija je ugotovila, da je zlasti med letoma 2014 in 2016 zaposlovanje veliko bolj odsevalo proizvodnjo kot proizvodno zmogljivost.
Following final disclosure, the CCCME noted that large investments and employment could entail substantially increased fixed costs for the Union producers and have a significant impact on profitability, especially if capacity utilisation was low.
V obdobju preiskave, ko sta se prodaja in proizvodnja Unije negativno razvijali kljub rastoči potrošnji Unije, industrija Unije ni mogla znižati zaposlenosti, kar je pripeljalo do zmanjšanja produktivnosti na zaposlenega.
As regards investments, as shown in recital (197) of the provisional Regulation, during the period considered investments represented no more than 2 % of sales.
Taka upadajoča produktivnost in posledični negativni učinek na dobičkonosnost industrije Unije pa sta neposredno povezana z rastočimi količinami dampinškega uvoza kitajskih električnih koles v obravnavanem obdobju.
The Commission considered therefore that the Union industry made no ‘large investments’ which could have had a significant impact on profitability during the period considered.
Ker drugih pripomb glede dobičkonosnosti, denarnega toka, naložb, donosnosti naložb in zmožnosti zbiranja kapitala ni bilo, so bili sklepi iz uvodnih izjav 192 do 199 začasne uredbe potrjeni.
As regards employment, the CCCME argued that the huge capacity increase was closely reflected in a substantial employee growth.
Sklep o škodi
It is, however, also clear that the increase in employment was also driven by a significant increase in production.
Po uvedbi začasnih ukrepov so zbornica CCCME in štirje kitajski proizvajalci izvozniki navedli, da v analizi škode niso bili obravnavani dejavniki konkurenčnosti.
The Commission found that, in particular between 2014 and 2016, the employment mirrored the production much more closely than the production capacity.
Trdili so, da je bilo v pritožbi priznano, da uvoz iz LRK ni bil težava trga do leta 2016, dokler je bil osredotočen na nizkocenovni in srednjecenovni segment trga Unije, in da bi se analiza škode morala osredotočiti na ta posebna segmenta.
During the investigation period, where the Union sales and production developed negatively despite a growing Union consumption, the Union industry was not able to decrease employment, leading to a decreasing productivity per employee.
En uvoznik je še trdil, da bi škoda, če bi bila dokazana, pravzaprav vplivala ali bila osredotočena na nizkocenovni segment električnih koles ter da je po njegovih izkušnjah ni bilo v visokocenovnih segmentih trga.
Such a decreasing productivity and the consequent negative impact on the profitability of the Union industry is however directly linked to the increasing quantities of dumped imports of Chinese electric bicycles during the period considered.
Ne glede na dejstvo, da so trditve zbornice CCCME temeljile na napačnem razumevanju pritožbe, Komisija spominja, da njene ugotovitve niso temeljile na pritožbi, temveč na lastni preiskavi in ugotovitvah glede dampinga, škode in vzročnosti.
In the absence of any other comments on profitability, cash flow, investment, return on investments and ability to raise capital, the conclusion set out in recitals (192) to (199) of the provisional Regulation were confirmed.
Kakor je ugotovljeno v uvodni izjavi 249 začasne uredbe, je preiskava pokazala, da je industrija Unije dejavna v vseh segmentih trga.
Conclusion on injury
Ker tako razlikovanje zadevnega izdelka zato ni bilo upravičeno, je bilo treba trditev zavrniti.
Following the imposition of provisional measures, the CCCME and four Chinese exporting producers submitted that competition factors had not been addressed in the injury analysis.
Zbornica CCCME je po dokončnem razkritju trdila, da Komisija v začasni uredbi ni opisala, kako je opredelila „začetne izdelke“, omenjene v uvodni izjavi 249 začasne uredbe.
They claimed that the complaint admitted that imports from the PRC had not been a market issue until 2016, as long as they focused on the low and mid-level segments of the Union market and that the injury analysis should have focused on these specific segments.
Poleg tega je trdila, da je treba učinek kakršne koli rasti uvoza iz LRK (in tudi tretjih držav) v zadnjih letih oceniti ob upoštevanju posebnih tržnih segmentov, v katerih so bila ta uvožena električna kolesa prodana.
One importer further claimed that injury, if proven, would essentially affect or focus on the low-end segment of electric bicycles and, based on its own experience, did not exist in the high-end segments of the market.
V zvezi s tem so „začetni izdelki“ tista električna kolesa, ki imajo v strukturi kontrolne številke izdelka osnovne lastnosti.
Notwithstanding the fact that the CCCME's claims were made on an inaccurate reading of the complaint, the Commission recalls that its conclusions were not based on the complaint but on its own investigation and findings concerning dumping, injury and causality.
Opredelitev „začetnih izdelkov“ se razlikuje od domnevne diferenciacije trga na segmente.
As established in recital (249) of the provisional Regulation, the investigation has shown that the Union industry is active in all market segments.
Kakor je navedeno v uvodni izjavi 42, nobena zainteresirana stran, čeprav jih je v preiskavi več podalo podobne trditve glede segmentacije, ni predložila dokazov, ki bi upravičili ali dopuščali morebitno segmentacijo trga.
Such differentiation of the product concerned was therefore not warranted and the claim had to be rejected.
Zlasti nobena zainteresirana stran ni predložila nobenih fizičnih ali drugih objektivnih meril, ki bi podprla analizo na podlagi segmentacije trga, kakor je opisano v uvodnih izjavah 45 in 46.
Following final disclosure, the CCCME argued that the Commission had not described in the provisional Regulation how it characterised the ‘entry-level products’ mentioned in recital (249) of the provisional Regulation.
Zbornica CCCME je tudi trdila, da sta bila uvoz iz LRK in proizvodnja pritožnikov domnevno v večinoma ločenih tržnih segmentih, saj je izguba tržnega deleža industrije Unije prizadela predvsem proizvajalce Unije, ki niso pritožniki, kakor je opisano v uvodni izjavi 117.
It also claimed that the impact of any growth in imports from the PRC (also from third countries) in recent years must be assessed having regard to the specific market segments in which those imported electric bicycles were sold.
Kljub temu, kakor je že navedeno v uvodni izjavi 118, analiza škode zajema industrijo Unije kot celoto, ne le pritožnikov.
In that respect, ‘entry-level products’ are those electric bicycles which have the basic characteristics in the PCN structure.
Nesporno je, da je industrija Unije utrpela znatno izgubo tržnega deleža v višini 24 odstotnih točk, pretežno zaradi kitajskega uvoza, ki je v obravnavanem obdobju pridobil 17 odstotnih točk tržnega deleža.
The definition of ‘entry-level products’ is different from the alleged differentiation of the market in segments.
Združenje CEIEB se ni strinjalo z ugotovitvijo Komisije o škodi.
As stated in recital (42), although several interested parties put forward similar claims concerning segmentation, no one provided evidence that would have justified or allowed for a possible segmentation of the market.
Trdilo je, da je bila industrija Unije zelo uspešna, razen pri obdržanju tržnega deleža.
In particular, no physical or other objective criteria were provided by any interested party, which would support an analysis based on a segmentation of the market, as described in recitals (45) and (46).
Združenje CEIEB je prav tako trdilo, da so se kazalniki zmogljivosti, izkoriščenosti, obsega prodaje in zaposlenosti v obravnavanem obdobju pozitivno razvijali in da so negativne ugotovitve Komisije temeljile na nedoslednih in kratkih obdobjih analize.
The CCCME also argued that since the loss of market share of the Union industry mostly affected Union producers other than the complainants, as explained in recital (117), the imports from the PRC and the production of the complainants has allegedly been in largely distinct market segments.
Združenje CEIEB je zlasti trdilo, da je bilo pri prodaji analizirano obdobje 2016–OP, pri izkoriščenosti zmogljivosti pa obdobje 2014–2016.
However, as already mentioned in recital (118), the injury analysis covers the Union industry as a whole, not only the complainants.
Zbornica CCCME in štirje proizvajalci izvozniki so navedli, da je navedba iz uvodne izjave 205 začasne uredbe, da so se vsi tam navedeni kazalniki „negativno razvijali“, napačna in zavajajoča.
It is undisputed that the Union industry suffered a significant loss of market share of 24 percentage points, mainly to Chinese imports, which gained 17 percentage points of market share during the period considered.
Navedene zainteresirane strani so trdile, da sta bila v obravnavanem obdobju kazalnik „rasti“ v smislu proizvodnje in prodaje ter prodaja v smislu vrednosti in količine izrazito pozitivna.
The CEIEB disagreed with the Commission's conclusion on injury.
Poleg tega so trdile, da se je „zmogljivost“ industrije Unije znatno povečala ter da so se v obravnavanem obdobju zvišale tudi dobičkonosnost in cene.
It claimed that the Union industry had performed extremely well with the exception of retention of market share.
Zbornica CCCME je dodala, da se v obravnavanem obdobju v nasprotju z navedbami iz uvodnih izjav 204 in 205 začasne uredbe kazalniki uspešnosti, zlasti dobičkonosnost, niso poslabšali.
The CEIEB further argued that indicators of capacity, utilisation, sales volumes and employment had developed positively throughout the period considered and that the Commission's negative findings were based on inconsistent and shorter periods of analysis.
Nazadnje, zbornica CCCME je trdila, da je nizka stopnja dobička leta 2014 lahko le poslovna napaka samih proizvajalcev Unije, saj je pritožnik sam priznal, da uvoz iz LRK do leta 2016 ni rasel in ni bil konkurenčen.
In particular, the CEIEB claimed that for sales the period analysed was 2016-IP, while for capacity utilisation the period was 2014-2016.
Komisija spominja, da je namen njene analize škode oceniti raven škode, ki jo je utrpela industrija Unije.
The CCCME and four exporting producers submitted that the statement made in recital (205) of the provisional Regulation that all of the indicators cited there ‘developed negatively’ was false and misleading.
To zajema oceno pomena posameznih kazalnikov uspešnosti, njihovih razmerij in razvoja v obravnavanem obdobju.
Those interested parties claimed that the indicator of ‘growth’ in terms of both production and sales, and the sales in terms of both value and volume, was substantially positive over the period considered.
Preprosta primerjava končnih točk ločeno obravnavanih posameznih kazalnikov ne more odražati gospodarskih trendov v industriji Unije.
Further, it was claimed that the Union industry ‘capacity’ increased substantially and that both profitability and prices had also increased during the period considered.
V zvezi s tem je bila ugotovitev glede kazalnika rasti pojasnjena v uvodnih izjavah 177 do 200 začasne uredbe, oprta pa je bila na precejšnje in rastoče razlike med razvojem potrošnje in razvojem prodaje industrije Unije, kar je vodilo do zelo pomembne izgube tržnega deleža.
The CCCME added that contrary to had been stated in recitals (204) and (205) of the provisional Regulation, performance indicators and notably profitability were not depressed during the period considered.
Kakor je pojasnjeno v uvodnih izjavah 201 do 203, se je vpliv teh razlik sčasoma razširil na proizvodnjo, zaloge, zmogljivost, izkoriščenost zmogljivosti in raven zaposlenosti.
Finally, the CCCME claimed that since the complainant itself had admitted that the imports from the PRC did not start to grow and become competitive until 2016, a low profit margin in 2014 could only have been the commercial fault of the Union producers themselves.
Poleg tega je stopnja dobička, kakor je pojasnjeno v uvodni izjavi 204, v vseh letih razen enem ostala na resda nizki ravni in kazala padajoč trend.
The Commission recalls that the purpose of its injury analysis is to assess the level of injury suffered by the Union industry.
Ker je panoga električnih koles denarno intenzivna in se opira na bančno financiranje, je treba pri analizi finančnega položaja upoštevati preoblikovanje dobička v denarne tokove iz poslovanja, ki niso bili zadostni, poleg tega pa so bili precej pod stopnjami dobička.
It involves an assessment of the relevance of each performance indicator, their relationships and evolution in and within the period considered.
Komisija je zato v splošnem potrdila, da so bili trendi, navedeni zgoraj v tej uvodni izjavi, značilni za slab in negativen položaj, ter potrdila svoj sklep, da je industrija Unije utrpela znatno škodo.
A mere comparison of the end points of each indicator taken separately cannot reflect the economic trends at work in the Union industry.
Trditve zbornice CCCME je bilo zato treba zavrniti.
In that regard, the finding concerning the indicator of growth was explained in recitals (177) and (200) of the provisional Regulation and relied on the substantial and growing divergence between the evolution of consumption and the evolution of the sales of the Union industry which translated into a very significant loss of market share.
Združenje CEIEB in dva uvoznika so trdili, da so se ugotovitve znatne škode opirale predvsem na oceno Komisije, da je industrija Unije izgubila tržni delež zaradi uvoza, ne da bi upoštevala, da je bilo tako izgubo mogoče pripisati strukturnim napakam, kot so nezmožnost pravočasne prepoznave potencialnih priložnosti, zgodnje naložbe v proizvodno zmogljivost, neprivlačni izdelki in neustrezni prodajni kanali.
As explained in recitals (201) to (203), the impact of this divergence spread over time on production, stocks, capacity, capacity utilisation, and employment level.
Komisija je najprej ugotovila, da se zdi, da navedene navedbe nasprotujejo trditvam zbornice CCCME in kitajskih proizvajalcev izvoznikov, da je na trgu električnih koles v Uniji prevladovala industrija Unije, da je uvoz kitajskih električnih koles postopoma šele pred kratkim dosegel primerljivo kakovost in konkurenčnost, ter nazadnje, da so najverjetnejši vzrok za škodo pretirane naložbe v proizvodno zmogljivost industrije Unije.
Furthermore, considering that the electric bicycles business is cash intensive and relies on bank financing, the analysis of the financial position must take into account the translation of profits into operating cash flows which was insufficient and well below profit margins.
V tem okviru je Komisija ocenila, da bi bilo tako trditev mogoče obravnavati, samo če bi bila natančno opredeljena in kvantificirana.
Overall, the Commission therefore confirmed that the trends referred to earlier in this recital characterised a depressed and negative situation and confirmed its conclusion that the Union industry suffered material injury.
Opozorila je, da je izguba tržnega deleža sicer pomemben element njene analize škode, vendar ta nikakor ni omejena nanjo.
Finally, the Commission disagreed with the CCCME's claim that the low profit margin of the Union Industry in 2014 could only be its commercial fault since the complainant had admitted that imports from the PRC did not start to grow and become competitive until 2016.
V zvezi s tem Komisija napotuje na analizo drugih kazalnikov škode in svojo ugotovitev nelojalnega nižanja prodajnih cen, ki podpirata njeno celovito analizo škodo.
The Commission assessed that that claim was based on an inaccurate reading of the complaint and, in any case, that it was contradicted by the investigation's findings which showed that imports from the PRC had a significant market share of 18 % in 2014 and had already doubled in volume by 2016.
Komisija je zato navedeno trditev zavrnila.
The claims of the CCCME had therefore to be rejected.
Združenje CEIEB je po dokončnem razkritju navedlo, da je Komisija v uvodni izjavi 115 dokumenta o splošnem dokončnem razkritju navedla, da je že sam obstoj nelojalnega nižanja prodajnih cen dovolj za izpolnitev pogoja pomembnosti, in izrazilo nestrinjanje.
The CEIEB as well as two importers claimed that the findings of material injury centrally relied on the Commission's assessment that the Union industry had lost market share to imports without considering that such loss was attributable to structural flaws such as the failure to recognise potential opportunities at the right time, make earlier investments in production capacity, unappealing products and inadequate sales channels.
Komisija ne vidi take navedbe v uvodni izjavi 115, ki se nanaša na „analizo drugih kazalnikov škode in svojo ugotovitev nelojalnega nižanja prodajnih cen, ki podpirajo njeno celovito analizo škodo“.
First the Commission observed that those statements seemed to contradict the claims of the CCCME and Chinese exporting producers who stated that the market of electric bicycles in the Union was dominated by the Union industry, that imports of Chinese electric bicycles had just gradually caught up in quality and competitiveness and eventually that the most likely cause of injury was an excessive investment in production capacity of the Union's industry.
Argument je bil zato zavrnjen.
The Commission's further noted that the CEIEB claimed both that the Union industry did extremely well during the period considered (as stated in recital (146)) and that its business model and management was affected by structural flaws and other shortcomings stated in recital (151) of such a scale that it would explain why the sales of the Union industry grew by only 20 % over the period considered when imports from the PRC increased by 250 %.
Po uvedbi začasnih ukrepov so zbornica CCCME in štirje proizvajalci izvozniki trdili, da je razvoj nezaupnih indeksiranih kazalnikov vzorčenih proizvajalcev Unije večinoma izpodbil sklep Komisije, da je industrija Unije utrpela znatno škodo v smislu člena 3(5) osnovne uredbe.
In that context, the Commission assessed that in order to be considered, such claim should have been precisely specified and quantified.
Glede na standardno prakso Komisije in kakor izhaja iz uvodne izjave 166 začasne uredbe, je Komisija obravnavala mikroekonomske kazalnike škode, pri tem pa je uporabila preverjene podatke vzorčenih proizvajalcev Unije.
In any event, the Commission recalled that whilst the loss of market share was an important element of its injury analysis, the latter was not limited to it.
Navedeni kazalniki so pripomogli k ugotovitvi znatne škode, vendar jih ni mogoče razumeti, kot da sami sestavljajo celotno ugotovitev znatne škode (ali da v zvezi s tem nadomeščajo celotno določitev škode, ki jo je opravila Komisija).
In this regard, the Commission refers to the analysis of other injury indicators and its finding of undercutting, all of which play into its assessment of the overall injury analysis.
Kar zadeva makroekonomske kazalnike škode, so bili ti ugotovljeni za celotno industrijo Unije.
The Commission therefore rejected that claim.
Ker drugih pripomb ni bilo, je Komisija potrdila svoje sklepe o škodi iz uvodnih izjav 200 do 206 začasne uredbe.