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    Haining And Tongxiang Fur Suffer From Financial Crisis

    2009/4/2 17:43:00 42028

    "The Jiaxing Municipal Industry and Commerce Department issued a sampling survey of the living conditions of private enterprises, showing that 88% of the 109 enterprises have good or normal operating conditions, and the increase of business income accounts for more than 70%."


     

    Under the influence of the financial crisis, what is the survival situation of the most affected SMEs?

    The day before yesterday, the sample survey results of the survival of private enterprises released by the industrial and Commercial Department of our city showed that more than 80% of the small and medium-sized enterprises were in good condition.

    It is reported that the survey covers the whole city's second manufacturing industry.

    According to the survey, 88% of the 109 enterprises are in good or normal condition, and their operating income has increased by more than 70%.

    The survey results show that the impact of smaller enterprises is larger than that of larger enterprises. The impact of labor intensive industries such as sanitary ware, clothing and fasteners is greater than that of capital intensive industries, and the impact of export-oriented enterprises is greater than that of domestic enterprises.

    Of the 38 export enterprises surveyed, although the total export volume increased by 60%, the sea salt fasteners, Haining and Tongxiang fur and Pinghu sanitary ware industry were greatly affected by the financial crisis.

    For example, some sanitary ware enterprises in Pinghu are concentrated in Russia, Ukraine and other countries. Due to the financial crisis, the orders from these two countries have been exhausted, and the enterprises are in a semi shutdown state.

    Not only that, the increase in production costs also makes some enterprises unbearable.

    It is reported that in the first half of last year, with the double test of raw material prices, the continuous compression of profit margins, the sharp fall in raw material prices in the second half of the year, the sharp depreciation of inventory materials and the decline of product prices, the small and medium-sized enterprises in our city suffered a great loss.

    "Although governments at all levels have introduced policies and measures to reduce the burden on enterprises, they still feel the burden is heavier."

    Some business executives in an interview with reporters said frankly.

    The survey data show that in the factors affecting the development of enterprises, it is considered that the price of raw materials is 27.5%, the tax burden is 35.8%, and the total amount of tax rises is 68.8%.

    The difficulty of financing still exists.

    The survey shows that nearly 80% of SMEs have financing shortfalls and need financing, accounting for nearly 60% of loans from banks "very difficult" or "relatively difficult".

    As for the problem of financing, 45.9% of enterprises said they would reduce investment and tighten their financial system, 23.8% of them would lay off staff, and 11.9% of enterprises would choose half stop production.

    However, despite many difficulties, there are still 80% enterprises expressing confidence in this year's development, because with the emergence of various policies to enhance the efficiency of regulation and the experience of enterprises in coping with the financial crisis, many enterprises have become more calm and strong.


     

     

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