Wenzhou Smes Are Afraid To Pick Up &Nbsp; &Nbsp; Nearly 40% Enterprises Will Stop Production At The End Of The Year.

"The first step in restructuring is the eyeglasses industry. At present, there are already relatively large enterprises in the 3~5 industry to discuss restructuring matters with Xintai group."

After Hu Fulin returned to Wenzhou, the chairman of Wenzhou Xintai group, the most eye-catching group of "running road", how to reorganize Xintai has become the focus of attention of all parties.

Yesterday, the chairman of Wenzhou SME Development Association, who had communicated with Xintai group's internal management staff, said Zhou.

The Xintai incident is not a case in Wenzhou. It is not only a microcosm of Wenzhou's entity economy, but also a true portrayal of the pain of Wenzhou's traditional manufacturing pformation.

Reporters visited a number of enterprises in Wenzhou found that Wenzhou SMEs have a single dare not receive, money can not earn the quandary, survival pressure even bigger than 2008.

Insiders pointed out that if the government does not cure, at the end of the year, nearly 40% enterprises will be closed down.

"It's really painful to do business now."

This is the first sentence of Zhong Qiang, a boss of lighters in Wenzhou, who met the reporter.

"During the financial crisis, we took more orders and earned less money.

According to Zhong Qiang, there were more than 4000 enterprises in Wenzhou before making lighters, and only more than 100 registered now, and only 50 were normal production.

The rapid shrinking of the industry is closely related to the current economic environment.

"Especially RMB appreciation and manpower cost have the greatest impact.

This year, the cost of manpower has increased by 20% over the past year, and the RMB exchange rate has also risen. 95% of the company's exports depend on exports, all of which have directly cut profits.

Now the profit margin of the whole industry has dropped from the past 30%~50% to the present 3%~8%. "

Zhong Qiang said.

Clothing, shoe leather and other industries are also the same.

Li Pan, a Wenzhou shoe maker, said that a ton of shoe materials had risen by three thousand or four thousand yuan since the end of last year, representing a 3 yuan increase in a pair of shoes.

The price of glue doubled and the wages of workers increased by 20%.

"This year is the most difficult year for small and medium-sized enterprises."

Li Pan said.

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Zhou Dewen, President of Wenzhou Association of small and medium enterprises, told reporters that a large number of traditional small and medium enterprises now have a profit margin of only 3%~5%, and the pressure of survival is bigger than that of the financial crisis.

According to the statistics of Wenzhou economic and Trade Commission, in the first three months of this year, the sales value of 35 export oriented enterprises in the city decreased by 7% compared with the same period last year, and the profit dropped by 30% over the same period last year.

At the same time, the amount of orders decreased, and the average amount of single orders fell 16.7% compared with the same period last year.

Zhou Dewen said that in the first half of this year, manufacturing industry was faced with multiple challenges such as rising labor costs, rising raw materials and appreciation of the renminbi.

Most of the manufacturing industries in Wenzhou are labor-intensive and export oriented enterprises. These factors directly increase the burden on enterprises, and about 20% of enterprises in Wenzhou have been shut down and semi shut down.

If the government fails to cure, it may reach 3~4 by the end of the year.

Since the beginning of this year, the tightening of banks and the difficulty of bank loans have made SMEs more difficult to finance because of their small scale.

In the case of banks unable to pay loans, and before the bank loans need to be repaid, in this case, SMEs have to rely on private lending.

Some short-term interest rates are as high as 6~8 cents.

It takes about 3 minutes in the long run.

"This is simply drinking poison to quench thirst.

The profit of an enterprise is only around 3%, and the annual interest rate of Wenzhou's private financing is 30%~50%, which is not new. The profit of the company is far from enough to repay interest.

When the capital chain broke, the boss fled and killed himself.

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However, other industries are very fast, especially the real estate industry.

According to Chen Jie, a leading local logistics and real estate enterprise leader (a pseudonym), most of the enterprises in Wenzhou rely on traditional manufacturing industry to accomplish the primitive accumulation of capital, and they have invested money in the fast growing industry. Wenzhou,

Among them, Wenzhou has the most capital in mining and real estate.

Almost all the cities are crazy about "big business building, small and medium-sized enterprises buying houses".

It is reported that in 2010, the list of top 100 enterprises in Wenzhou, more than 40 manufacturing enterprises involved in real estate development.

Some enterprises, such as factories and projects, are financing platforms, lending to banks and then investing in real estate and other industries.

After the tightening of money, loans became difficult. Many SMEs were in urgent need of capital, and money became scarce resources. The private lending market expanded unprecedentedly, and some small and medium sized enterprises that did not lack money began to take out guarantees and other businesses.

This also exacerbates the risk of survival for SMEs. Once a company is associated with a guarantee, another business will be implicated.

"At the beginning of this year, I put forward the danger of Wenzhou's industrial hollowing out, which seems to have been fulfilled."

Zhou Dewen said.

Corporate voice:

Saving confidence is more important than saving the market.

Talking about the future development, Zhong Qiang is pessimistic: now saving confidence is more important than saving the market.

We all have no confidence in industry.

Invest 3 million yuan to "Lao Gao" (Wenzhou people's abbreviation for usury), move, and the cost of production in one year has come back.

The reason is still insisting, one is because of social responsibility, after all, so many employees are employed; the other is the hard work of their hard work.

"We hope that the government can give a stable financial environment instead of taking a short time to release it. When it is released, everyone is expanding the scale and expanding the production scale. When the government needs to invest again, the government tightens up.

The operation of enterprises can not be closed.

How to pform:

Stabilizing the financial policy environment

In fact, the pformation started a few years ago, but is it easy to succeed in pformation?

The fall of Hu Fulin's running road and Xintai group may reflect the pain of the pformation of Wenzhou enterprises in recent years.

Hu Fulin said publicly that he has been seeking pformation in recent years and wants to engage in industries with high added value and high profit margins.

In the process of pformation, funds have been invested heavily, such as the input of solar technology, the brand investment of glasses and the investment of chain stores.

If the government can support Xintai policy in the pformation, the bank can make it clear that loan funds are not easy to lend. Then Xintai will have confidence to go ahead, otherwise it will fail in the half way of pformation.

Hu Fulin's words resonate with the industry: "to pform, we must first have a stable financial and policy environment.

Transformation is like a snake's molting, it is suffering, but it is disturbed by the external environment. Not only does the skin decay, but the snake will die. "

A boss gives a figurative metaphor.

Jin Xiangrong, vice president of the school of economics, Zhejiang University believes that small businesses should take the road of specialization and take part in the value chain division of large and medium-sized enterprises, instead of competing with large enterprises at the same level, leading to price competition and other vicious commercial competition.

Government measures:

Improving the tolerance of non-performing loans

Entrepreneurs generally reflect that banks not only fail to lend aid to SMEs when they are most difficult, but adopt discriminatory lending policies.

And the shortage of funds is the biggest predicament for the development of SMEs.

Zhang Yourong, director of the Wenzhou banking regulatory bureau, said he intends to increase the tolerance rate of non-performing loans to SMEs.

At present, the rate of bad loans in Wenzhou is 0.37%, which is more suitable to 1%~2%, so that 6 billion ~120 billion yuan will be released.

Wenzhou will examine and classify enterprises with financial difficulties before the end of October, and give strong support to enterprises that do not have many problems.

For enterprises that break up and bankrupt, the creditor's rights will be restructured under the intervention of banks.

At the same time, more credit lines will be leaning to small and micro businesses.