According to the Ministry of Finance, with the approval of the State Council, it was decided to increase the export tax rebate rate for some commodities. Among them, the export tax rebate rate for luggage, shoes, hats, umbrellas, hair products, toys, furniture and other commodities was increased to 15%. Effective June 1, 2009. The specific execution time shall be based on the export date indicated by the customs on the "Export Goods Declaration Form (Exclusive for Export Tax Refund)".
Due to the impact of the global financial crisis caused by the US subprime mortgage crisis, it has caused a certain negative impact on the export of the furniture industry. The export tax rebate rate for furniture is increased to 15%. From the list of commodities, it is mainly wooden furniture. This move will support enterprises in the industry to reduce the burden, help export-oriented furniture companies to expand the export market, and keep Chinese furniture in the international market. Market competitiveness.
Data show that from January to April 2009, the furniture industry's production maintained steady growth, and the industry's cumulative total industrial output value was 93.244 billion yuan, an increase of 7.2% year-on-year. Among them: wooden furniture was 51.304 billion yuan, an increase of 12.9%; metal furniture was 25.487 billion yuan, a decrease of 2.3%; bamboo and rattan furniture was 1.253 billion yuan, an increase of 28.5%; plastic furniture was 1.282 billion yuan, an increase of 5.8%.
In terms of listed companies, wooden furniture companies with a large proportion of exports benefit greatly from this. Such as Meike (600337: 6.08, +0.03, ↑ 0.5%), Yihua Wood (600978: 5.34, -0.01, ↓ -0.19%), etc. In 2008, the share of furniture exported by Meike was 62%, and the company ’s furniture manufacturing industry realized foreign exchange earnings of US $ 167,778,300 and EUR 1,186,600. In 2008, the company achieved operating income of RMB 195,711,900, a decrease of 2.85% from the same period of the previous year. The decrease was due to the impact of the international financial crisis in the second half of 2008. Foreign customers demanded delayed orders and shipments, which caused the company ’s export revenue to decline over the same period of the previous year. To achieve; net profit attributable to the owner of the parent company was RMB 62,636,600, a decrease of 41.28% over the same period of the previous year, because inflation in the first half of 2008 caused the company ’s labor costs and raw material costs to increase significantly, resulting in a higher gross profit margin than the previous year The same period of decline, plus the second half of the year due to the impact of the global financial crisis led to the company's export revenue decreased.
Yihuamu is the owner of furniture and flooring, and most of its products are exported. The proportion of products exported in 2008 was 98%. In 2008, the company produced 292,275 sets (pieces) of furniture, a decrease of 17.18% from the previous period; the total sales of furniture was 290,189 sets (pieces), a decrease of 9.93% from the previous period; realized furniture sales revenue of 159,508,900 yuan, a decrease of 12.63% from the previous period, of which Affected by changes in sales volume and structure, furniture sales revenue decreased by RMB 241,0197,700. Affected by changes in sales price, furniture sales revenue increased by RMB 11,147,500; furniture sales cost was RMB 115,271,780, a decrease of 12.37% from the previous period, of which sales volume The impact of changes in structure and structure reduced the cost of furniture sales by 214,842,600 yuan, and the impact of changes in unit costs increased the cost of sales by 55,964,600 yuan.
Hexagonal Wire Netting
Hex netting is commonly known as chicken wire, poultry wire, poultry netting, and hexagonal mesh. Hex netting is a widely used and versatile Wire Mesh. It is often used to build chicken coops or other fencing for chickens or other animals. Additionally, hex netting is an economical product used to secure other materials in place, such as insulation to roofs. Hex netting is also ideal for lawn and garden and other home projects.
Hexagonal Wire Netting,Galvanized Hexagonal Wire Netting,Pvc Coated Hexagonal Wire Netting,Hexagonal Wire Netting-Galvanized Before Weave
HENGSHUI YUZHENG IMPORT AND EXPORT CO., LTD. , https://www.yzironnails.com