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Zhejiang Yiwu Launches "Enterprise Profit War"

2011/10/25 19:09:00 29

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Zhejiang Yiwu Defend Enterprise Profit War

In October 18th,

RMB

US dollar

exchange rate

The median price was 6.3749, which was 266 basis points lower than the 6.3483 before a week (October 10th -10 16).

However, this exchange rate fluctuation can not relieve everyone's concern about the appreciation of the renminbi.

A week (October 10th -10 16), before the US Senate passed the RMB exchange rate bill, like hanging the "Damour and Chris sword", it is likely to break the bottom line of the profits of many foreign trade enterprises in Yiwu.

Some foreign trade enterprises are worried that if the profit margins are not large enough, the price increase will lead to the loss of orders.

Merchants reflect: profit margins have been greatly compressed.

According to the person in charge of a processing foreign trade enterprise, the clothing and accessories produced by the factory are mainly exported to the United States. Exchange rate fluctuation is the most concerned issue for export oriented enterprises. The RMB appreciation against the US dollar is 1%, and the profits of the enterprises will be increased.

shrink

2%~3%.

Since 2011, the appreciation rate of RMB against the US dollar has reached 3.7%, and the accumulation of corporate profits has dropped by more than 6%.

Therefore, from the second half of 2010, the phenomenon of "single dare not answer" appeared in some foreign trade enterprises in Yiwu.

Market trends: enterprise concerns

Order

Loss

Many people in the industry are worried that the final implementation of the RMB exchange rate bill just passed by the US Senate will have a greater impact on the export of Yiwu's small commodities whose profits are not high enough.

The consequence of RMB appreciation is that profits can not be guaranteed, and enterprises can increase their quotations, such as price increases, which may directly lead to the loss of orders.

Prior to that, the relevant press spokesman of the Organizing Committee of the Canton fair said that the uncertainty of the RMB exchange rate made buyers and exporters more inclined to sign short lists and small bills.

The way to deal with it is: foreign trade enterprises are guaranteed by multiple channels.

profit

The issue of RMB appreciation is no longer two days a day.

In Yiwu, many foreign trade enterprises and businesses are trying to compete with exchange rate fluctuations.

It is reported that in order to cope with the rising production costs and the appreciation of the renminbi, some toy companies have developed a variety of inflatable toys which are practical and entertaining through technological innovation, and the prices of products are two or three times higher than that of ordinary products, and the profit margins are relatively high.

According to another introduction, when a company signs a long-term contract with foreign investors, it often locks in a price for a period of time, such as fixing a fixed dollar price in the next two or three months, which allows both parties to take risks together.

Or, the two sides directly agree that the price will be determined according to the fluctuation of exchange rate.

In addition, when doing business with Southeast Asian customers, some Yiwu merchants and foreign trade enterprises have begun to use RMB settlement gradually.