Export Tax Rebates Will Be Lowered By &Nbsp, And Textile Companies Worry That Profits Will Be Squeezed.

Yesterday,

Export tax rebates will not be eliminated in July.

Due to rumors that China Chemical Fiber Association has confirmed this matter, "daily economic news" reporter quickly contacted the association secretary general Zheng.

He said that because the export tax rebate reduction needs the relevant government departments' final notification, the association can not prove it in advance.

However, the export tax rebate will not be reduced from 16% to 11%.

Once it comes true, it will affect the small and medium-sized enterprises to a large extent.

However, under the rumour of tax rebate, the textile sector has gone against the market.

On Monday, Shen Wan textile clothing index rose 0.4%, ranking 23 in the 23 industry index.

According to statistics, among the top 10 textile stocks, 4 companies accounted for over 30% of export revenue in 2010.

They are "[28.50 6.42%" (002034, closing price 28.5 yuan), Shandong Ruyi [15.43 4.26%] (002193, closing price 15.43 yuan), Golden Eagle [8.80 3.17%] (600232, closing price 8.8 yuan) and Chinese clothing [14.99 2.67%] (000902, closing price 14.99 yuan).

Senior researcher, first editor of textile net Wang Wang Qian told reporters that at present, there is no final conclusion on textile export tax rebate, but there is such a statement, which is also in line with China's foreign trade development trend.

Judging from past experience, the reduction of textile export tax rebate may be in July.

But there is little chance of a one-time reduction of 5 percentage points.

Because many textile SMEs export gross profit margin is only 1~2 percentage point.

Once the export tax rebate is reduced to 11%, many of them will lose money or even close down.

Large and medium-sized exporters need to see bargaining power. If the export proportion is above 40%~50%, there will be a certain risk.

In contrast, clothing and domestic companies with channels and brands will be less affected.

Judging from the current situation, the indicators of the textile industry are decreasing.

The export situation is still grim in the second half of this year.

Listed companies: tax rebate will reduce profits

How much impact will the export tax rebate reduce on the relevant export companies?

The daily economic news reporter called Lu Tai A[11.29 -1.31% as an investor (000726, closing price of 11.29 yuan), and its secretaries said that once the export tax rebate has been lowered, it will have some impact on the company.

However, in 2007, the tax rebate rate had also been as low as 11%.

It was later raised.

For the company, because of a certain proportion of imports, the effect of the tax rebate reduction will be weakened under the policy of first exemption from tax.

[8.99 0.56%] (002083, closing price 8.99 yuan) securities affairs representative told reporters that the export tax rebate rate reduction will reduce the profits of enterprises, but this is a national policy, the company should not deal with many ways, and it is not good, so improve product prices, because fear of the loss of orders.

In addition, even if the company has imported business and imported photovoltaic equipment from Germany, because the latest policy is to surrender first instead of exemption from tax first, it has little effect on the export tax rebate rate reduction.

However, it is estimated that the export tax rebate rate will be reduced to 11% at a low rate.

Statistics show that Lu Tai is the leader of textile exports.

In 2010, its domestic income ratio was only 23.12%, and the total income ratio of Europe, America, Southeast Asia and Japan and South Korea reached 51%.

Over the same period, the share of export sales of Fu sun shares reached 62%, nearly double that of domestic sales.

Reporters learned that China's textile export tax rebate dropped from 13% to 11% in July 2007.

In the six months since August 2008, the tax rebate rate has increased from 11% to 16%.

Data show that in July 2007, Shen Wan textile and apparel index rose 23%, winning 5 percentage points in the same period.

In the same month, Lu Tai A and URI's shares rose 20% and 25% respectively.