Products are cut to small profit margins of Zhejiang Textile enterprises experience and advanced technology to help break deadlock - small profits,

Products are cut to small profit margins of Zhejiang Textile enterprises experience

and advanced technology to help break deadlock - small profits,

Before chasing corporate lending by banks, enterprises are now one month to submit a bank statement, believe it would reduce loan-to-face; before more than 30% profit growth year after year, and now can maintain profit growth has been grin, not careful loss ... ... their top hundred enterprises in Zhejiang, the brother of their respective industry-level enterprise, surrounded by a variety of adverse factors attacks, this year is weather-beaten.

Last week, the industry leader in Zhejiang joint interview with every mention of a common difficulties, we all complained to each other; when they heard it not be implemented for their solution, we communicate with each other; when hear each other survive the difficulties facing their own, they start celebrating ... ... but one thing they think is the same: the difficulties often, quite in the past is victory!

Cathaya Group, the yuan appreciation pressure faced by textile exporters; Hangzhou Steam Turbine & Power Group, looking at the steel prices had risen rapidly machinery manufacturing enterprises; Hangzhou Zhongce Rubber, is over 10,000 employees and labor-intensive manufacturing enterprises ; Putian Eastern Communications, has been brilliant the way, the difficulties of communication companies now Lu-yu ... ... two of them are listed companies, while the other two have passed 50-year-old evergreen Zhejiang enterprises.

Present predicament, are appreciative of every enterprise, big companies is, believe it may be loss of thousands of yuan, hold a point is a victory. Their advantage is that over the years through numerous storms, and look at how they adopted piecemeal measures.

Earn less this year, would rather not lose customers Diuqian

A mention textile export company, many people first thought is: some badly. RMB appreciation, reduced export tax rebates, credit crunch ... ... which one are not noodles. Cathaya is a major operation silk, textiles, clothing and other import and export business of enterprises, last year's record is close to 6 billion yuan sales income, total imports and exports 800,000,000 U.S. dollars, of which exports 780,000,000 U.S. dollars, a typical export-oriented enterprise. Trading subsidiary six branches, six Trading subsidiaries, 11 production companies holding.

Difficulties: RMB appreciation, nearly half of the profits to be eating

"Last year and the first half of the RMB appreciation is not so much." Cathaya Group, a responsible person said, "This year our profit of RMB appreciation not a large space in the first half compared to last year despite sales little difference, but a full profit fell 48%. "

A typical example, Cathaya under a trade group based subsidiary in Shanghai, the main job of home textiles exports, China's annual exports to the world textile trade in total about 3 billion U.S. dollars, which accounted for 15% of a company can ?? such an outstanding company, this year the loss occurred. The reason is simple, mainly dependent on the U.S. market, increase business volume of RMB appreciation to reduce, for two reasons let a good company, good from profit to loss.

There is also a subsidiary company set up the first year profit, fast annual growth rate, net profit reached 20 million yuan last year, but the sudden loss of the year: the exchange rate costs eat up 10%, labor costs eat up 10%.

Moves: Trick a sharp sword with good financial

"Forward exchange settlement", "Export Trade", NDF (non-deliverable forward foreign exchange) ... ... these words may be a bit professional, but not for foreign trade companies, a little strange. But the sword is not everyone makes the move.

Last Cathaya Group has 70 million dollars of trade volume to use these tools to reduce foreign exchange risk by about 5%. But since most trade-based subsidiary of the registered capital of only a few million, the individual is small, banks are reluctant to do that this year they decided to take the lead by the parent company, combined with high-quality trade-based subsidiary, with the Bank for as long as the exchange rate can ease the pressure are willing to try. "If the operation properly, the exchange rate risk can be reduced more than half."

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