Export Tax Rebate Adjustment Textile "Laugh" Chemical "Worry"

Today, a number of Listed Companies in two cities have announced the impact of the export tax rebate adjustment on the company's future performance. The listed companies in textile industry have increased profits in the second half of the year due to the increase in export tax rebates, while the chemical industry companies have cancelled the export tax rebates for some products, and the expected profits will be negatively affected.

Jiangsu sun expects profit growth

In July 31, 2008, the Ministry of Finance and the State Administration of Taxation jointly issued the notice on adjusting the export tax rebate rate for some textiles and garments. Since August 1, 2008, the export tax rebate rate of some textiles and clothing has increased from 11% to 13%.

Jiangsu sunshine (600220) announced today that the export tax rebate rate adjustment will have a certain impact on the company's second half year and future business performance.

Based on export sales figures for 1-6 months in 2008, the company expects to increase its pre tax profit by about 6 million yuan in the second half of the year, while the price of export commodities remains unchanged.

Nanfang shares (600250) announced that the export tax rebate rate adjustment will slow down the operational pressure of the textile and garment export industry to a certain extent, but it is expected that the adjustment of the export tax rebate rate will not have a significant impact on the company's performance in 2008, thanks to the continuous appreciation of the renminbi, the substantial increase in raw materials and labor costs, and the sensitivity of the main trading partners to product price information.

Zhejiang Fu run (600070) and Taiji industry (600667) announced that the export tax rebate rate adjustment will not have a significant impact on the company's second half year and future business performance as the proportion of textile exports is small.

Jiangsu sainty (600287) said that the company's main clothing exports, exports accounted for about 80% of the total import and export volume, clothing and textile exports accounted for about 60% of the company's exports.

The adjustment of the export tax rebate rate of garments and textiles will enhance the profitability of the company's hand contracts in the short term.

However, due to the fierce competition in the garment export industry, the profit level is affected by many factors such as the global industry competition, the level of domestic industry development and the price leading ability of buyers and sellers. The company thinks that the increase of export tax rebate rate has no significant impact on the performance.

Hunan Haili two products cancel tax refund

Chemical industry companies are worried about the cancellation of export tax rebates for some products.

Hunan Haili (600731) announced today that the products listed in the list of export tax rebates are related to Budweiser and Do-win.

In 2007, the total export value of the products of the company and its subsidiaries amounted to about 286 million yuan, including the total export value of the products that were abolished in the export tax rebates, which amounted to about 71 million 744 thousand yuan. The total export value of products from January 2008 to June totalled about 199 million yuan, including the total export value of the export tax rebates, which amounted to about 57 million 689 thousand yuan, and the exported products were still executed according to the original export tax rebate policy.

The announcement said that the cancellation of export tax rebates for the two products would have a negative impact on the company's performance in the second half of the year.

In the face of policy changes, the company will actively communicate with customers and take measures to minimize the negative impact.

Sharon A (000553) announced today that the cancellation of some export tax rebates for pesticide products had little effect on the company's performance in the second half of the year.

The company said that the export contracts for major export products were signed before August 1, 2008, because the products involved in the company were small and the export volume was small. According to the notice, the tax rebate rate was adjusted according to the adjustment.

Therefore, the company said the above announcement had little effect on the performance of the second half of 2008.