NEWS
Ministry of Finance from June 1 will be furniture from the export tax rebate rate to 15%, which will support the industry reduce the burden of enterprises and help enterprises to expand export-oriented furniture export market.
Ministry of Finance News, approval of the State Council decided to raise some of the goods of the export tax rebate rate. One luggage, shoes and hats, umbrella, hair products, toys, furniture and other commodities, the export tax rebate rate to 15%. Since June 1, 2009 from the Executive. Specific execution time in order to "export goods declaration (export tax rebate special)" Customs of the export date indicated.
Due to the U.S. sub-loan crisis of the global financial crisis influence on the export of the furniture industry, a certain negative impact. The furniture of the export tax rebate rate to 15%, judging from the list of goods, mainly wooden furniture, which will support the industry reduce the burden of enterprises and help enterprises to expand export-oriented furniture export market, to maintain China's furniture in the international market.
Statistics show that in 2009 January-April, the furniture industry to maintain steady growth in production, industry-wide gross industrial output value totaled 93.244 billion yuan, an increase of 7.2%. Of which: wood furniture, 51.304 billion yuan, an increase of 12.9%; metal furniture 25.487 billion yuan, down 2.3%; Network for Bamboo and Rattan Furniture 1.253 billion yuan, an increase of 28.5%; plastic furniture 1.282 billion yuan, an increase of 5.8%.
In respect of listed companies, the larger the proportion of exports of wooden furniture industry to benefit from the larger. Grams such as the United States shares (600337:6.08, +0.03, ¡ü 0.5%), Yi-hua wood (600978:5.34, -0.01, ¡ý -0.19%) and so on. Grams of the United States share of furniture exports in 2008, representing a ratio of 62%, the company exports furniture manufacturing industry 16,778.73 million and € 1,186,600. Company to achieve 2008 revenues 195,711.89 million, representing a 2.85 percent year-on-year decline, the reasons for the decline in the second half of 2008 by the international financial crisis, orders for foreign customers to delay the reporting period resulting in shipping companies export revenues decline over the same period to; attributable to the parent company to achieve a net profit of 6,263.60 million owners, representing a reduction of 41.28% over the same period the previous year, due to inflation during the first half of 2008 led to the company labor costs and increased raw material costs, thus the level of gross margin over the previous year decline over the same period, combined with the second half by the impact of the global financial crisis resulted in lower export revenues.
Yi-hua main wood furniture and floors, most of the export products. The export of products in 2008, representing a ratio of 98%. Furniture Company in 2008 the total production of 292,275 sets (pieces), a 17.18 percent decline in the previous period; total sales of 290,189 sets of furniture (pieces), representing 9.93 percent decline in the previous period; achieve 159,508.98 million in furniture sales, representing a 12.63% decline in the previous period, which by sales volume and changes in the structure of the impact of reduced sales of furniture 24,210.97 million, subject to the sales price to make the change to increase sales of furniture 1,147.05 million; furniture 115,271.78 million for the cost of sales, representing a 12.37% decline in the previous period, which affected sales and changes in the structure of the effect of reducing the cost of sales of furniture 21,842.96 million increased by changes in unit cost impact of 5,569.64 million increase in cost of sales.
Ministry of Finance News, approval of the State Council decided to raise some of the goods of the export tax rebate rate. One luggage, shoes and hats, umbrella, hair products, toys, furniture and other commodities, the export tax rebate rate to 15%. Since June 1, 2009 from the Executive. Specific execution time in order to "export goods declaration (export tax rebate special)" Customs of the export date indicated.
Due to the U.S. sub-loan crisis of the global financial crisis influence on the export of the furniture industry, a certain negative impact. The furniture of the export tax rebate rate to 15%, judging from the list of goods, mainly wooden furniture, which will support the industry reduce the burden of enterprises and help enterprises to expand export-oriented furniture export market, to maintain China's furniture in the international market.
Statistics show that in 2009 January-April, the furniture industry to maintain steady growth in production, industry-wide gross industrial output value totaled 93.244 billion yuan, an increase of 7.2%. Of which: wood furniture, 51.304 billion yuan, an increase of 12.9%; metal furniture 25.487 billion yuan, down 2.3%; Network for Bamboo and Rattan Furniture 1.253 billion yuan, an increase of 28.5%; plastic furniture 1.282 billion yuan, an increase of 5.8%.
In respect of listed companies, the larger the proportion of exports of wooden furniture industry to benefit from the larger. Grams such as the United States shares (600337:6.08, +0.03, ¡ü 0.5%), Yi-hua wood (600978:5.34, -0.01, ¡ý -0.19%) and so on. Grams of the United States share of furniture exports in 2008, representing a ratio of 62%, the company exports furniture manufacturing industry 16,778.73 million and € 1,186,600. Company to achieve 2008 revenues 195,711.89 million, representing a 2.85 percent year-on-year decline, the reasons for the decline in the second half of 2008 by the international financial crisis, orders for foreign customers to delay the reporting period resulting in shipping companies export revenues decline over the same period to; attributable to the parent company to achieve a net profit of 6,263.60 million owners, representing a reduction of 41.28% over the same period the previous year, due to inflation during the first half of 2008 led to the company labor costs and increased raw material costs, thus the level of gross margin over the previous year decline over the same period, combined with the second half by the impact of the global financial crisis resulted in lower export revenues.
Yi-hua main wood furniture and floors, most of the export products. The export of products in 2008, representing a ratio of 98%. Furniture Company in 2008 the total production of 292,275 sets (pieces), a 17.18 percent decline in the previous period; total sales of 290,189 sets of furniture (pieces), representing 9.93 percent decline in the previous period; achieve 159,508.98 million in furniture sales, representing a 12.63% decline in the previous period, which by sales volume and changes in the structure of the impact of reduced sales of furniture 24,210.97 million, subject to the sales price to make the change to increase sales of furniture 1,147.05 million; furniture 115,271.78 million for the cost of sales, representing a 12.37% decline in the previous period, which affected sales and changes in the structure of the effect of reducing the cost of sales of furniture 21,842.96 million increased by changes in unit cost impact of 5,569.64 million increase in cost of sales.
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