RMB Exchange Rate Continues To Fall, Textile And Garment Exports Warmer

In the middle of February, since the middle of February, the RMB exchange rate has continued to decline, and the export dependence is higher than the "P" _blank "href=" //www.sjfzxm.com/ "textile" /a "a" target= "_blank" href= "target=" > clothing > enterprises, so enterprises welcome the good opportunity for the market to warm up.

At the same time, along with the improvement of foreign trade situation, the export growth of the spinning and weaving industry has been rising. Some foreign trade enterprises are accelerating the export market sales.

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< p > according to the latest data from the General Administration of customs, China exported about 28 billion 617 million US dollars of textile and apparel in January 2014, an increase of 15.9% over the previous year, a record high.

Of which, export textiles amounted to 10 billion 537 million US dollars, an increase of 14.78% over the same period last year, and exports of clothing increased by 18 billion 79 million US dollars, up by 16.56%. over the same period. In this regard, Zhang Yansheng, Secretary General of the national development and Reform Commission, said that in several major export categories, textile and apparel < a target= "_blank" href= "//www.sjfzxm.com/" > shoes < /a > after 9 years of structural adjustment and pformation and upgrading, the export growth rate reached 11.2% in 2013, and it is expected to reach 13.4%. < /p > in 2014.

< p > a number of spun apparel industry insiders believe that the recent devaluation of the RMB for the spinning and weaving industry is mainly due to the growth of order performance and exchange earnings. Compared with other export industries, the market reaction of the spinning and weaving industry will be more obvious.

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Less than P, Jialin Jie (002486), whose export proportion accounts for more than 95% of the company's revenue, is now mainly exported to Europe, Japan and the United States.

Dong Yun Lingyun said that the current order is stable, and the US market is getting warmer. The depreciation of the RMB is generally good for the company.

However, due to the advance of orders, the company's first quarter performance will not have a big impact, and the positive effect will appear in the second half year and the whole year's performance.

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< p > Jialin Jie 2013 annual report shows that the company achieved sales revenue of 896 million yuan, net profit of 99 million yuan, an increase of 10.57% over the same period, and a substantial increase in 148.66%. net profit mainly stems from the increase in gross margin. The gross profit margin of export increased by 4.09% compared with 2012. Lingyun said that in 2013, the export structure of the company was adjusted, and the proportion of high-end products with higher gross margin increased, coupled with the demand for outdoor products, the export performance was good.

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< p > under the trend of gradual warming of export market, Jialin Jie Hubei Jiayu expansion project will also help foreign trade sales. It is understood that the project is expected to be put into operation in the first phase of November this year.

Lingyun said, the first phase of the project will contribute 5 million meters of output, all for export.

In addition, Jialin Jie maintains 15%~20%'s new product every year and improves the added value of new products in terms of exports.

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Less than 002083 years, the import and export volume of P is ranked first in the same industry for more than 10 consecutive years. Its insiders say that the depreciation of RMB is good for the company, because the raw material of the company is mainly imported cotton, which can form hedging and reduce production consumption through the company's production efficiency.

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< p > according to the forecast of VSI share performance, the net profit attributable to shareholders of Listed Companies in 2013 was 90 million 125 thousand yuan, up by 707.22%. compared with the same period last year, which is mainly due to an increase in the proportion of sales of medium and high grade products sold by the company.

The above figures also revealed that the growth of the emerging market performance in 2013 was obvious, and the gross profit rate in the Middle East, Eastern Europe and Africa was relatively high.

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Less than P, it is reported that in 2014, the company will set up design companies in major overseas countries, such as Europe and the United States, with a view to becoming closer to the international market.

These people said that the company is now full load production, is constantly improving the proportion of high-end products.

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Zhang Bin, director of the global macroeconomic Office of the Institute of world economics and politics of the Chinese Academy of Social Sciences, said that the fall in the RMB exchange rate is a short-term phenomenon. It is expected to have little impact on the overall situation of "a href=" //www.sjfzxm.com/news/index_c.asp "foreign trade < /a >, and the recovery of foreign trade in textile and clothing industry is mainly due to the improvement of the economic situation in Europe and the United States." P "

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