Shenzhen China Bicycle has seen a recovery in orders this month after the United States ruled that Chinese bicycle manufacturers were not involved in dumping.
Financial controller Colin Chan said the B-share company's customers had been held back from making orders since last April, before a ruling by the US authorities on the dumping charges.
They were worried about higher costs if punitive anti-dumping duties were imposed on the company's products.
Confidence was restored after the US authorities cleared the charges on June 4 and its customers resumed making new orders.
'However, it is unlikely that our sales will bounce back to the level in 1993 and 1994,' Mr Chan said.
He said the company would see improved sales this year over last year.
China Bicycle suffered a 63 per cent plunge to 51.25 million yuan (about HK$47.61 million) in net profits last year, despite only a 15 per cent drop in turnover, when its export sales were severely hit by the anti-dumping charges for nine months.
