A Rapid Adjustment Of The RMB Exchange Rate Has Made The Textile And Garment Industry Profitable.

2016 new year has just begun.

There has been a rapid adjustment. The RMB exchange rate in the inter-bank foreign exchange market has fallen by 700 points against the US dollar.

Some analysts believe that the depreciation of the renminbi may be a bad thing for the real estate, aviation, banking and other sectors, but for non-ferrous metals, textile and garment related export industries, it is an excellent positive.

Textile and garment industry is profitable.

Compared with the computer industry with booming export business, the development of A share listed companies in textile and apparel industry, which has always been concerned by the market, has not been much noticed abroad.

For A share related listed companies, analysts believe that the depreciation of the RMB will benefit the export business, especially in the United States accounts for a relatively high proportion of textile and clothing leading companies.

On the one hand, it helps to increase the company's orders. On the other hand, most of the companies settle in US dollars.

Among them, more textile and garment industry analysts pointed out that the spot exchange rate of RMB against the US dollar fell sharply, mainly in US dollar settlement, and the export business accounted for a relatively large number of textile and apparel listed companies, which is expected to usher in a positive phase.

In response, people from Listed Companies in the textile and garment industry indicated that the depreciation of the RMB is conducive to the competitiveness of the company in the international market, which is conducive to developing export markets and increasing revenue.

However, according to "Securities Daily" reporter, the industry generally agreed that the textile and garment industry will not be as optimistic as the market imagined.

According to the data of flush statistics, the listed companies of textile and clothing which accounted for more than 50% of the company's main business were taken as an example. In the first half of 2015, nearly half of the listed companies had negative growth in foreign businesses, while the growth rate of other listed companies which were growing abroad was not large.

In response, another textile and apparel listed company told the Securities Daily reporter that the depreciation of the renminbi will not necessarily bring more export profits.

"Although the depreciation of the renminbi will yield exchange gains, the company's customers will also press down on the depreciation of the renminbi."

More than 20 companies overseas business increased 10 times

Take the first half of 2015 as an example, according to the flush statistics, nearly 140 listed companies' overseas main business grew by more than 1 times. Among them, 21 major listed companies, such as Pulitzer, East China computer, Yangzi new material and high energy environment, grew by 10 times over the same period.

From the division of flush industry, the listed companies with large growth rate belong to chemical industry, computer equipment industry, building materials industry, environmental protection engineering and service industry, port water pportation industry, publishing media industry, machinery and equipment industries.

In the view of professionals, the biggest influence on RMB depreciation is the listed companies whose foreign main business accounts for over 50%.

According to flush statistics, there were intercontinental oil and gas, Netac science and technology in the first half of 2015.

The main business of the 13 listed companies increased by 100% over the same period.

It is understood that the oil and gas business of intercontinental oil and gas accounts for 83.16% of the main business revenue. In the first half of 2015, the oil and gas business revenue of the company reached 543 million yuan.

At the same time, the company's overseas business income accounted for 83.16% of the company's main business.

At present, the intercontinental oil and gas company has been suspended from the opening of the market in September 21, 2015 due to major issues in the planning and acquisition of energy companies.

According to the statistics collected by the Securities Daily reporters, we find that nearly 50% companies listed in foreign companies account for more than 40 of the company's main business. They belong to the computer, telecommunications and other electronic equipment manufacturing industries.

Among them, nearly 30 companies' foreign businesses grew year-on-year, while only 8 companies' foreign businesses fell year-on-year.

According to the flush statistics, Netac technology, Xinwei group, Angjie technology, and British foreign business increased by more than 100% in the first half of 2015.

From the main business of the above companies, the export revenue of Angjie technology in the first half of 2015 was as high as 591 million yuan, and its operating profit was 148 million yuan, accounting for 93.37% of the company's main business revenue.

It is understood that the main business of angel cleaning technology is the production and sale of internal and external functional devices used in consumer electronics such as laptops and mobile phones.

Similar to Anji science and technology.

Based on the world's leading technology and patents in the field of flash memory application and mobile storage, it specializes in R & D, production, sales and related technology patent operation of flash memory applications and mobile storage products.

And Xinwei group's main business is the offshore public network industry.

In September 24, 2015, the company announced that the company held sun Chongqing Xinwei Communication Technology Co., Ltd. and African wireless (Tanzania) Co., Ltd. signed the "McWiLL core network system equipment sales contract" and "McWiLL base station system equipment sales contract", the total amount of the contract amounted to 420 million US dollars.

There are market participants analysis, from the computer business in the foreign business grew higher than the number of listed companies are high-tech patents listed companies.