bamboo flooring business

 
wangkiky 1997
according to Mr. Jin's introduction, the company was originally a specialized export-oriented flooring factory in the past more than 10 Year has been engaged in overseas sales. However, since the beginning of this year, the RMB exchange rate against the US dollar rising, if the export of the floor or in accordance with the original sale price, the company's profits will be compressed, and now has to cost the edge of sales. Export enterprises are most afraid of is the exchange rate changes, especially the RMB exchange rate against the US dollar, as long as the appreciation of the renminbi, exports to be affected, the higher the appreciation, the greater the loss of profits. The company's main customers include some European countries, the United States, Asia, South Korea, Japan, and these countries checkout is through the dollar, and timber companies and other raw materials through the yuan, that is,

the renminbi equivalent of product variants Price reduction. He calculated for the author, January 8, the yuan against the US dollar exchange rate of 6.8279, and November 29 to 6.6675, according to the exchange rate difference of 0.1604 basis, the export of 10 million US dollars of products, the company earn less money to Up to more than 160 million yuan. Although Mr. Jin is not willing to disclose to the author of the company's specific export volume is how much, but he told the author, according to the export situation in previous years and export growth in recent years, 'a good month's exports may reach Tens of millions of dollars', that is, by the exchange rate changes brought about by the loss is not just a 1.6 million. The appreciation of the RMB continues to intensify,

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