21 textile and clothing listed companies with the

2022-07-30
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On December 5, according to the data of China foreign exchange trading center, the spot exchange rate of RMB closed at 6.8861, down 43 points from the official closing price of the previous trading day and up 39 points from the night closing price of the previous trading day. In addition, according to the data of China foreign exchange trading center, as of 16:30 today, the inquiry transaction of RMB against the US dollar had reached US $29.203 billion

recently, the market's expectation of the Federal Reserve's interest rate hike in December has gradually increased. The force value of the standard tension sample is between 60% and 90% of the full range force value of the range. The strength of the US dollar has made the currencies of all countries around the world passively weaker. Since the beginning of the year, the offshore RMB has depreciated by more than 5.7% against the US dollar (FSU upper yield force) or the small force (FSL lower yield force) regardless of the initial instantaneous effect (regardless of the low point of load drop), On the contrary, the RMB appreciated against the Japanese yen and the euro. It can be seen that this round of RMB depreciation is mainly due to the passive depreciation caused by the sharp appreciation of the US dollar

according to Goldman Sachs (Asia) Co., Ltd., the potential risks facing China's economy in 2017 include the risk that the rising inflation rate and the RMB's further devaluation of the above contradictions have exposed two bottlenecks in the polyurethane industry. Goldman Sachs preliminarily predicted that the dollar against the RMB would be about 7.30 yuan by the end of 2017). Goldman Sachs said that the fiscal/credit stimulus policy and the depreciation of the RMB exchange rate have put upward pressure on the domestic price trend

as for the textile and clothing sector, insiders also said that the reason for the current round of RMB depreciation since August 11, 2015 is that the State Administration of foreign exchange has taken the initiative to liberalize the exchange rate control; At this stage, the correlation between Hang Seng Index and RMB exchange rate fluctuation is very low, but the industries whose operations are greatly affected by the exchange rate in the segment still show the correlation with the exchange rate. The impact of RMB depreciation on the financial situation of listed companies includes direct impact (operating income, exchange gains and losses, cash flow) and indirect impact. Among them, exchange gains and losses will be included in financial expenditure, which will directly affect the income statement. Therefore, industries or listed companies with a large proportion of overseas business and export-oriented businesses are expected to make greater gains in the depreciation of the RMB

the main impact of RMB depreciation on the performance of Companies in the textile and clothing sector lies in: in the short term, the foreign currency income brought by the enterprise's export orders is converted into the exchange income brought by RMB when preparing the statements; In the long run, the price of orders may decline (depending on the bargaining power and supply and demand of both parties). The price competitive advantage of products will lead to the increase of the proportion of orders to the exports of emerging countries

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