Tan Can: Continue To Improve The Textile Export Tax Rebate Rate Is Unlikely To Serve

Editor's note: Ministry of Finance, State Administration of Taxation jointly

issued a notice on the 21st, starting from November 1 to adjust again, textiles Clothing Commodity export tax rebate rate, some textiles, clothing, toys export tax rebate rate to 14%, textile and clothing section 2 of midday today, closing up 2.27% has gone against the tide. Investment opportunities in the textile industry is already there? What should be noted that the risk?

Guests: Tan to the textile industry researcher Dongxing Securities

Sohu Securities: textiles and clothing export tax rebate rate by 1%, today's market performance has also led the gains, how he sees today's market performance?

Tan can: First of all, the whole plate, it is certainly a good policy. However, before the fact, because of the export tax rebate rate on textile and clothing is 13%, Aug. 1 has been raised once, now is the transfer of a percentage point, so the positive efforts of the industry in general is not too large for rate increases. Countries that export textiles and clothing is still a grim, that this percentage may be a rough calculation of the whole industry could export to these companies could bring the entire 7.6 billion, about 7.6 billion estimate such an increase in profits. This is one reason for the export before the export growth rate has been declining, in addition to some of the more crucial factor or from some domestic factors, some of the factors from the industry itself, production costs, as well as labor costs, as well as RMB appreciation.

Sohu securities: from the data view, a loss this year, the textile industry since the company more than 11,000, a loss was extended to about a quarter, from the export tax rebate rate in the history of the case, the historical average is 15%, which is not mean that there is increased export tax rebate rate of space?

Tan can be: I think from 13% to 14% mentioned only one percentage point, the state may now be considered the one hand, some policies to raise my confidence, and the other side may also think that the majority of textile and garment exports are still in the low-end products is relatively low value-added products, as a long-term oriented or advocacy of high value-added products, for some enterprises, small and medium enterprises may be more upset in the long run this may be an inevitable trend, is also a must After the pain, consider this, do not rule out further enhance the export tax rebate rate of space, but the possibility is not too much has been raised.

Sohu Securities: If you are so analyzed by the entire textile and apparel section to its investment opportunities here?

Tan can be: I think one thing, many textile and apparel market is too pessimistic, leading to a lot of stock might be too pessimistic, in fact, should the performance was good, this is a view from the stage to adjust the low, but there are too many stocks are suppressed powerful, many appeared fallen too far.

Fundamentals from the total consideration, results in the long run there is no major problem, but now the low price of these stocks can be considered.

Tan Can: Continue To Improve The Textile Export Tax Rebate Rate Is Unlikely To Serve

By: xtxtx

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