RMB Depreciation, Textile And Garment Export Warming

Since mid February RMB rate The textile and garment enterprises with a high degree of dependence on exports have welcomed a good opportunity for the market to pick up. At the same time, along with the improvement of foreign trade situation, the export growth of the spinning and weaving industry has been rising. Some foreign trade enterprises are accelerating the export market sales.

According to the latest data from the General Administration of customs, China exported about 28 billion 617 million US dollars of textile and clothing in January 2014, an increase of 15.9% over the previous year, a record high. Among them, export textiles amounted to 10 billion 537 million US dollars, an increase of 14.78% compared with the same period last year, and export clothing was 18 billion 79 million US dollars, an increase of 16.56% over the same period last year. Regarding this, Zhang Yansheng, Secretary General of the academic committee of the national development and Reform Commission, said recently that in several major export categories, textile and clothing footwear had been adjusted for 9 years and transformed and upgraded. In 2013, the export growth rate reached 11.2%, and it is expected to reach 13.4% in 2014.

Many spun apparel industry insiders believe that the near future Devaluation of RMB The good performance of the spinning and weaving industry is mainly in order performance growth and exchange earnings. Compared with other export industries, the market reaction of the spinning and weaving industry will be more obvious.

Jialin Jie (002486), whose export proportion accounts for more than 95% of the company's revenue, is now mainly exported to Europe, Japan and the United States. Dong Yun Lingyun said that the current order is stable, and the US market is getting warmer. The depreciation of the RMB is generally good for the company. However, due to the advance of orders, the company's first quarter performance will not have a big impact, and the positive effect will appear in the second half year and the whole year's performance.

Jialin Jie 2013 annual report shows that the company achieved sales revenue of 896 million yuan, net profit of 99 million yuan, respectively, an increase of 10.57%, 148.66%. The substantial increase of net profit mainly stems from the increase of gross profit margin, of which the gross profit margin of export is 4.09% higher than that of 2012. Lingyun said that in 2013, the export structure of the company was adjusted, and the proportion of high-end products with higher gross margin increased.

stay Exit With the gradual warming of the market, Jialin Jie Hubei Jiayu expansion project will also help foreign trade sales. It is understood that the project is expected to be put into operation in the first phase of November this year. Lingyun said, the first phase of the project will contribute 5 million meters of output, all for export. In addition, Jialin Jie maintains 15%~20%'s new product every year and improves the added value of new products in terms of exports.

Fu Shi shares (002083) towel import and export volume ranks first in the same industry for more than 10 consecutive years. Its insiders say that the depreciation of RMB is good for the company, because the raw material of the company is mainly imported cotton, which can form hedging and reduce production consumption by increasing production efficiency through the company.

according to Sun Fu stock Performance forecast, 2013 attributable to shareholders of listed companies net profit of 90 million 125 thousand yuan, an increase of 707.22% over the same period. This high growth is mainly due to an increase in the proportion of sales of medium and high grade products sold by the company. The above figures also revealed that the growth of the emerging market performance in 2013 was obvious, and the gross profit rate in the Middle East, Eastern Europe and Africa was relatively high.

It is reported that in 2014, Fu Tian shares will set up design companies in major overseas countries, such as Europe and the United States, with a view to becoming closer to the international market. These people said that the company is now full load production, is constantly improving the proportion of high-end products.

Zhang Bin, director of the global macroeconomic Office of the Institute of world economics and politics of the Chinese Academy of Social Sciences, believes that the fall in the RMB exchange rate is a short-term phenomenon and is expected to have little impact on the overall foreign trade situation. The recovery of foreign trade in the spinning and weaving industry is mainly due to the improvement of the economic situation in Europe and the United States.