Textile Enterprises Want To Raise The Price Of &Nbsp; Will The Renminbi Enter The Rising Channel?

According to the market research center, the appreciation of RMB has great influence on the five major sectors, such as real estate, aviation, textile, paper making and gold.

Because China's textile and garment enterprises are mainly small and medium-sized enterprises, the sensitivity to RMB appreciation is very strong. When the profit margin is approaching the breakeven point, if the RMB appreciation restarts or even accelerates this year, most enterprises will have no profit.

In September 16th,

The Ministry of finance of Xiangcai securities expects that the appreciation of RMB will be between 3%-5% this year, which is the upper limit for most enterprises.

Most

RMB appreciation has a certain negative impact on China's exports.

Insiders pointed out that the appreciation of RMB has increased the cost and quotation of China's textile and clothing, thereby losing the competitive advantage of China's products in the international market to a certain extent, and the export will be restrained.

Part of the bargaining power of enterprises will be able to shift part of the appreciation pressure through price increases, while the uncompetitive enterprises will be the first to be hit.

At present, the import and export enterprises usually use the US dollar for valuation and settlement, and the resulting exchange rate risk is mainly borne by domestic enterprises.

If the export commodity is locked in foreign currency price, the depreciation of foreign currency will lead to a decrease or even a loss in the profits of enterprises, especially for the large scale complete sets of equipment products with high technology content and long construction period. The exchange rate fluctuates greatly, and the exchange rate risk faced by enterprises is bigger.

I learned from the interview that most export textile enterprises are considering increasing the price of export products to offset the impact of RMB appreciation on enterprises.

In addition to the way to raise the price of products, there are also ways to hedge RMB appreciation by means of hedging.

The staff of the Securities Department of 002083.SZ said to the author that the appreciation of the renminbi was very sudden. The company could only consider raising the price gradually after receiving the bill in the future.

At present, the company is relying on financial products to make up for the loss of RMB appreciation.

Lu Tai A (000726.SZ) securities department staff said that the company's export products have been raising prices this year, in addition, the company is hedging through the way to deal with the appreciation of the renminbi.

In addition, some enterprises adopt RMB settlement to avoid losses caused by RMB appreciation.