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5 profit cut off half of the export of household electrical appliance enterprises respond to four s by fsb cwqc





Article Author Biography
5 profit cut off half of the export of household electrical appliance enterprises respond to four s by
Article Posted: 08/04/2011
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5 profit cut off half of the export of household electrical appliance enterprises respond to four s


 
Business,Business News,Business Opportunities
"In order to reduce

We will spread throughout the production facilities. "Mr. Li in a few years ago has been proved to its vision. July 21, has always been of concern to the appreciation of RMB has finally settled, the central bank revalued the yuan by 2%, which means that all export enterprises faced with how to solve the 2% increase in cost. This is the profit of 3% -5% export of household electrical appliances enterprises, will be a very severe test. However, with

Similarly, already familiar with the international export market, home appliances business, seems to have good relevant preparations.

Identity tide over the crisis

"In fact, the RMB appreciation is what we expected after we signed with our customers

Time, also has a hand, such as stated in RMB

Under the contract how changes in enforcement. "

Assistant Zhao Weimin, president, said, "but now official exchange rate adjustment, and not all customers are willing to take the 2% increase in costs. Therefore, we can only consult with them as far as possible, the feelings of identity for customers."

Zhao introduced the people, specific practices that have signed contracts for clients, and customers as possible negotiations for a direct price increase of 2% or and shared half of the loss of customers. While preparing

, The total price by 2% raise offer, taking into account the possibility of further appreciation of the yuan must also explain to the customer, if the yuan revaluation, the exchange rate further increased

Will offer a direct price increase, and that contracts were also signed to go.

Have long engaged in foreign trade business appliance Ningbo Deye Technology Group Co., Ltd. Foreign Trade Vice Minister Wang Tao said the same view: "In fact, the two EU directives WEEE, and ROSH has greatly increased our cost, and now still have to endure the loss of 2%, definitely can not afford our own, so now the order is a direct price increase of 2%, the customer has any comments then gradually consultation, and future orders will have to fight to raise prices by half , shared with customers. "

, However, recognized the feelings of our customers are still limited, and the annual export of billions of appliances large enterprises, effective financial means to be a better way. In response, the United States, group vice president, said spokesman Huang Xiaoming, the United States the early appreciation of the RMB has made preparation of measures, including settlement by bill advance on (to the letter of credit clearing), full use of hedging and other financial instruments. "In short, these exchange rate adjustment of 2% should not affect us. But not a place is estimated that, in the next revaluation of the yuan is likely to continue the case, we have to do relevant preparation, such as the next step will follow-up study exchange rate movements, in product innovation, structural adjustment and cooperation with major efforts such as customer billing. "

Zhao financial means people will be the solution as the main view, "the receivables, we consider the further appreciation of the yuan may be, in order to avoid possible losses caused because the appreciation of the present air-conditioning is Galanz take the initiative to strengthen ties and banks, to consider whether some of the forward letter of credit can buy time, to reduce losses to a minimum. "Zhao said the people, while Glanz also forward the letter of credit by banks and the buyout a" far of arbitrage "to" fixed rate "other methods to minimize export losses.

Adjust product structure to speed up innovation

A bank in the United States serving

That, in fact, in addition to hedging and other financial means business after the combination of circumstances can take a flexible approach, such as adjusting product structure.

The long run, exchange rate adjustments affect only the export of settlement changes in the way enterprises, but also the structure of the product of a "revolution", in fact, only increase the technical content of their products, with core technology to increase the domestic air conditioners

Bargaining chips, and enhance ability to resist risks, otherwise, domestic appliances business will always be in a "buyer's market", subject to foreign economic

Constraint. This major home appliance company deeply understands.

"In the past we were more concerned about is how to reduce costs internally, to gain in price

Advantage; changes now is the dominant factor in the price should be less and less, companies must think about a new way to compete, and that is with the 'price' relative 'value'. "Huang Xiaoming said that many household electrical appliance enterprises have to be prepared in this regard.

Speed up overseas production

But at least there is one thing to make fun of the appliance business, although the cost of increased exports, but the cost of overseas acquisitions and expansion has reduced a lot. It is understood that, in response to appreciation of the renminbi, TCL has accelerated in the ASEAN region and India are now in production, and improve Vietnam, Indonesia and other strongholds of the production. According to the plan, TCL the region this year

Number to 160 million units, a 50% increase over last year. Moreover, it will promote the air-conditioning and

Other white appliances are in production. As with TCL, Midea Group is also preparing to accelerate overseas through

To avoid the pressure for appreciation of the cost dilemma.

The one hand, the path of internationalization of enterprises to speed up the "going out" pace; the other hand, both within the export business has adjusted its strategy accordingly, according to Zhao for the people presented as an export-oriented business, Galanz air export and domestic market share is 6:4, and now, after the yuan appreciation will be a corresponding increase in the proportion of domestic sales.

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