Benefiting From The Export Tax Rebate Rate Increase, The Profits Of Lu Tai A Increased By 21 Million This Year.

Since August 1st, adjustment of the export tax rebate rate for some textiles and garments has begun to benefit textile enterprises.

Lu Tai A (000726.SZ) said today that since the export of our company's products is the main factor, the adjustment of the export tax rebate rate will have a greater impact on the company's performance in the second half of the year and in the future.

According to the company's financial department, according to the import and export plan of 8~12 month in 2008, the total profit of the company is about 21 million 80 thousand yuan after the export tax rebate rate is raised.

Orient Securities believes that the increase in the export tax rebate rate will directly increase the profit of enterprises and increase one percentage point, which is equivalent to 1% of the total export volume of the general trade.

But in the short term, the export tax rebate rate will create trading opportunities for the industry, but in the long run, it is not conducive to industrial pformation and upgrading.

Last Friday, Lu Tai A closed at 8.88 yuan.