Drag on profits due to exchange rate factors such as decline in exports of light industry enterprises in China generally conservative orders, hoping to keep the exchange rate stable.
China Light Industry Arts & Crafts Import & Export Chamber of Commerce in November of 45 export enterprises in light industry carried out the survey, from June 19 to restart the Chinese yuan has 45 export enterprises in light industry There appears to lower profits of 35, accounting for 78% of the total. If in the future revaluation of the RMB exchange rate of 1 percentage point, 45 companies will have 20 more than 3% margins.
Secret the best e-commerce platform Confidential! Market may find that reversal of the recent institutional changes have occurred in capital flows! Main funding is plotting a new layout! Pegasus Footwear Wuzhen Chang, chairman of Guangzhou yesterday to accept the" Business News" interview about the company this year was the exchange rate of about 2% of the profits eaten, now more than 50% of the raw materials are sourced in China, the exchange rate is now For businesses, like the" warm boiled frog" , close to boiling point, and footwear enterprises in Southeast Asia, the Chinese shoe cost competitive advantage is increasingly weak.
Wuzhen Chang said proximal raw material prices are also very powerful, but it is a global problem, with other countries or regions of the shoe business in this respect are on the same starting line, but the exchange rate and labor costs would result in more and more difficult to digest corporate, labor costs this year rose 20% to 30%, coupled with exchange rate fluctuations, some orders had to give up, price is not so easy, order more conservative. Pressure not only export markets, RMB appreciation makes purchasing power of China's foreign, together with China this year - started the ASEAN Free Trade Area in Southeast Asia into China zero tariff shoes, Southeast Asia, taking part of the shoe will be carved up the Chinese market.
According to the current order trends, light industry enterprises generally agreed that next year's exports will continue to pick up, this involved in the investigation of 45 companies, there are 32 export growth next year will be more than 10%, 71%. Shenzhen City Industrial Development Co., Ltd., general manager of Valley Kun Wu said that from the just concluded 108th Canton Fair situation, the next toy export orders also good, South America, Russia and other market orders faster growth rate, while the European and American markets are relatively stable. Expected costs continue to rise next year, many customers want to immediately at the current price of orders throughout the year, but business in general would not easily take a large single, long list, unless they accept price increases.
" Our profits are down this year, toys already thin profits, orders for next year will certainly be price increases, is expected to labor, raw material costs will stabilization of the exchange rate is the most uncertain factors, we have a price increase is mainly based on the expected exchange rate to adjust next year, orders for 2,3 month, the RMB against the U.S. dollar by 6.5 to offer, while orders for next year in October to 6.2 the exchange rate quotations and orders to the bank lock according to the exchange rate." Gu Wu said.
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