The central parity rate of RMB hits a new low, and textile export companies are expected to benefit

On the 30th, the central bank announced that the central parity rate of RMB against the US dollar was 6.5784, a significant decrease of 294 basis points from the previous trading day. This price set a five-year low since February 2011. Affected by this, the RMB fell against the US dollar in both onshore and offshore markets. The market has reached a consensus on the long-term depreciation of the RMB.

Analysts said that this round of depreciation of the RMB has actually returned to the normal channel, so the market has not reacted much to it. The direct reason is that the probability of the Federal Reserve raising interest rates in June and July has greatly increased. In addition to the hawkish remarks of Federal Reserve officials in the April meeting minutes, Yellen once again emphasized in her speech last Friday that “interest rates will be raised in the next few months.” “It’s appropriate”, this move greatly boosted the US dollar; at the same time, the British referendum on leaving the European Union is another ticking time bomb. Driven by multiple backgrounds, the textile industry, which is mainly export trade, is expected to benefit.

Huafang Co., Ltd. is one of the leading enterprises in the domestic textile printing and dyeing industry. The industry involves printing and dyeing, clothing, home textile products and other fields. It has a printing and dyeing cloth production capacity of 280 million meters, an annual home textile finished product production capacity of 10 million pieces (sets), and a clothing production capacity of 3 million. Thousands of pieces. The company plans to raise no more than 900 million yuan, of which 150 million yuan will be used to build an intelligent research and development center for the entire textile industry chain based on Industry 4.0 and designed in accordance with the national 2025 manufacturing plan. It will establish the company’s digital and intelligent technological innovation for the entire textile industry chain. system to cultivate independent brands. After the company’s “smart factory” is completed, it will enhance the industry’s innovation capabilities, promote the integration of textiles and strategic emerging industries (Aiji, net worth, information), accelerate the elimination and transformation of backward production capacity, and help the company smoothly transform into a brand owner. As the government promotes supply-side reforms to boost consumption upgrading, the company is expected to seize the opportunity with its intelligent and branded layout.

Jihua Group is the munitions production and support base for the Chinese military and armed police forces, and is the main supplier of government uniform uniform units and professional uniform units. The company has become China’s largest and oldest military and light industrial manufacturing enterprise, with an annual production capacity of 60 million sets of professional clothing, 150 million pairs of various professional shoes and boots, 120 million meters of gray cloth, and 160 million meters of dyed cloth. . With the continuous deepening of product structure and industrial structure adjustment, the company has formed business sectors such as professional clothing, professional shoes and boots, leather shoes, textile printing and dyeing, and protective equipment. The company has a relatively complete industrial chain from the production and procurement of raw materials, scientific research and innovation, to product manufacturing, sales and services, which can meet the individual requirements of customers and provide system integration services. At present, the company is promoting high-end brand building with the “JH1912” brand as the core, comprehensively promoting the upgrading of Jihua’s brands.

Vosges Co., Ltd. is currently the home textile company with the largest production scale and the highest level of technical equipment in the world. It ranks first in the national home textile industry in terms of export volume. In 2012, the company launched a b2c e-commerce product experience platform and is committed to establishing a one-stop b2c e-commerce product experience platform for home textiles with “China’s leading brand of supporting soft home furnishings” as the core. At present, the company has established three platforms: Vosges Mall, Vosges Tmall Mall, and Jieyu Tmall Mall. The company’s goal is to strive for sales in the domestic market to exceed 3 billion yuan by the end of the “Twelfth Five-Year Plan” and to build Vosges into China’s leading brand of supporting soft home furnishings. At present, the company’s new product conversion rate has reached more than 80%, supporting the company’s global market and brand operations, and gradually moving towards high value-added links in the industrial chain.

Lutai A is a highly integrated textile enterprise integrating spinning, dyeing, weaving, finishing and garment making. Its leading products are yarn-dyed fabrics and shirts. More than 80% of the company’s products are exported, and the market covers more than 30 countries and regions including Japan, South Korea, the United States, the United Kingdom, and Italy. As a leader in the textile manufacturing industry, we look forward to the gradual release of production capacity and flexible customization business.

AAA

Disclaimer:

Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.