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Public Textile Enterprises Look Forward To Bank Interest Rate Reduction And Financing

2008/11/25 11:40:00 23

After the good news that the export tax rebate will be pferred to 17%, the State Council also puts forward supporting measures to support the light textile industry.

On November 19th, Premier Wen Jiabao chaired a State Council executive meeting to study and deploy policies and measures to promote the healthy development of light textile industry.

The conference study identified 6 policy measures to promote the healthy development of the textile industry (referred to as the six countries).

Wang Qian, editor in chief of China's first textile network, said that the conference has identified 6 policy measures to promote the healthy development of the textile industry.

Although many measures have been biased towards small and medium-sized textile enterprises, the implementation of the policy is still a problem.

Wang Qianjin believes that the 6 policies introduced can solve the pressure problem of textile enterprises, but textile enterprises still face another bigger problem. The problem is demand. Whether export demand or domestic demand is a difficult problem for future spinning enterprises, it is also a problem that can not be solved by policy.

On 19-24 November, the Securities Daily reporter interviewed a number of textile listed companies.

In response to these 6 policies, most listed companies are more concerned about the improvement of the export tax rebate rate.

　　孚日股份：成本正逐渐下降中

F & G shares textile products: decorative products for towel series.

Exports account for about 80% of total profits.

The company's policies are:

The third is to further reduce the tax burden and alleviate the cost pressure.

We should continue to raise the export tax rebate rate of textiles, clothing and some light industrial products, and clean up and cancel all unreasonable charges involved in light textile enterprises.

Fifth, encourage and guide financial institutions to increase financial support.

We should actively support financial institutions in expanding credit capital, simplify the process of approval, open up a "green channel" for credit, promote innovation in financing products, promote and develop export credit insurance and other businesses, encourage and support the development of credit guarantee institutions, and effectively solve the financing difficulties of textile and small and medium enterprises.

Expert comment: Wang Qian said that at present, the market rumors that the export tax rebate rate may be adjusted to 17%, which will be suitable for all listed companies with export business.

Although the policy is not stated, specific measures will be issued immediately.

Company viewpoint: "the fact is that if the export rebate rate is raised by 1 points, the profit of our company will increase by 1 million yuan in a month. Therefore, if the export tax rebate rate can be adjusted to 17%, the company will make a big profit. In addition, the cost of the company's cost will gradually decrease as the cost of cotton, information, market, coal and electricity is decreasing and the export tax rebate rate will be raised."

He also put forward: "because the company is a listed company, so there is no big problem of financing difficulties. In comparison, we hope that the loan interest rate of banks can be reduced."

　　鲁泰A：净利润将增8000万元

Lu Tai A textile products: shirts, shirts, yarn dyed fabrics, lint.

Exports account for about 80% of total profits.

The company's policies are:

The third is to further reduce the tax burden and alleviate the cost pressure.

Fourth, we should actively expand exports, consolidate and expand the international market.

We should suspend the "real pfer" policy of margin trading in light textile processing trade, and make full use of the central foreign trade development fund to support light textile enterprises in marketing, R & D and M & A activities.

Expert comment: Wang Qian said that the suspension of the "real pfer" policy for the textile processing trade ledger will be very helpful to small and medium-sized textile enterprises, though it can not play a key role, but it can alleviate the financial pressure of enterprises to a certain extent.

Company viewpoint: Lu Tai A Dong mi Qin Guiling said: "if the export tax rebate rate can be adjusted to 17%, then the company will increase its net profit of 80 million yuan next year.

The suspension of the policy on margin will increase the liquidity of the company, but it will not be too much.

In addition, Qin Guiling is not optimistic about the introduction of the policy to reduce the cost pressure of the company. She said: "even if the cost is reduced, the selling price of products will be adjusted accordingly, so the impact of cost reduction on performance is not easy to say."

雅戈尔：加大内需将促使国内竞争过烈

YOUNGOR textile products: shirts, suits, casual wear, woven fabrics.

Mainly domestic sales, export products accounted for 1/3 of total profits.

The company's policies are:

Fifth, encourage and guide financial institutions to increase financial support.

Actively support financial institutions to expand credit funds, simplify the approval process, and open up a green channel for credit.