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How Can Garment Enterprises Get Out Of Financing Difficulties?

2008/11/13 11:22:00 38

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Since the beginning of this year, the price of raw materials, the appreciation of RMB and the rising cost of labor have led to the difficulties of the small and medium-sized enterprises in China.

How can SMEs cope with the problems of financing, export and pformation and upgrading?

Guangzhou Hao Yuan garment factory, located in Xintang Town, is an export processing denim garment factory mainly produced by OEM. It has more than 1000 workers, 23 lines and 90% products.

"We need to reduce the cost of management, operate flexibly, expand the high-end market and the domestic market."

Wu Peng, director of the factory, calculated that the raw materials of the enterprises increased by 10%, wages increased by 15%, and the cost of coal, electricity, grain and food also rose.

This year's export volume is about 3500000, only RMB appreciation, exchange rate from 8.264 to 6.8 dollars, less 20 million yuan.

How much is the cost and profit of a pair of jeans now?

The factory reported a small account: fabric, labor, washing water, accessories, management, tax, total: 49 yuan, the exchange rate after the export tax rebate, the cost is $6.44, the export price is about 6.8 U. S. dollars, the profit is 05 dollars, equivalent to 3.5 yuan.

The selling price to the United States is more than 20 dollars, 3 times.

"Coping with this year's difficulty depends on flexible management.

This year, the profits of enterprises are higher than last year. "

Wu Peng, director of the factory, said that the first thing is to rely on the large volume of business and make low-grade jeans.

This part accounts for 70% of the volume.

But it can solve employment and maintain operation.

The two is to rely on high-end export market to make up for the profit gap.

The three is to reduce the cost of management and extend the profit chain.

Four, we should strive to expand the domestic market, improve design and R & D capability, and create our own brand.

The potential and profit of the domestic market are greater than that of exports.

I believe that as long as we stick to our teeth and carry out the pformation and upgrading of processing trade enterprises, we will be able to overcome difficulties in this round of competition.

"Entrepreneurs should also consider certain social responsibilities. The key is to stick to it."

Wu Peng told reporters that in the future, it is necessary to improve the garment industry entry threshold and rebuild industry credit.

In the past, enterprises paid arrears to customers, which increased the cost of capital and increased the pressure between the upstream and downstream industrial chains.

"We must try our best to open up the domestic market and get rid of the difficult situation by walking on two legs and turning the two wheels together."

Wu Peng said that this year, enterprises will strive to open up the domestic market, unremitting efforts, and gradually create their own brand market.

It is hoped that the government can help small and medium-sized enterprises to pform and upgrade and expand the domestic market through financing support and reducing taxes.

How can SMEs get out of financing difficulties?

Liu Huanquan, deputy director of Guangdong economic and Trade Commission and director of the Provincial Bureau of small and medium enterprises, said that in the first half of this year, Guangdong had provided 30 billion 50 million yuan financing guarantee for more than 10 thousand small and medium-sized enterprises.

By increasing financial support, perfecting the credit guarantee system, supporting policy guarantee institutions and developing direct financing, Guangdong will fully solve the financing difficulties of small and medium-sized enterprises, support and guide SMEs to increase their capability of independent innovation, increase R & D investment, brand innovation and new market development capabilities.