When the exchange rate broke 7, some people said that the depreciation was close to the end, but in the past two days, the US dollar exchange rate continued to rise, which once exceeded the 7.27 mark. For sellers with the United States as the main market, this is another good news for sprints in the peak season. Such as superstar technology and Anke Innovation have a large share of sales in the US market. Due to the changes in the US dollar exchange rate, they have benefited from profit.

However, the rising cost of raw materials and port congestion caused by foreign strikes, or the income brought about by changes in exchange rates. Foreign trade enterprises and cross -border sellers still have a lot of resistance to maintain growth and profits in the peak season, because some foreign customers have begun to prices.

01

The increase in the exchange rate of the dollar is close to 15%

Data show that on the evening of October 19, the RMB exchange rate against the US dollar fell below the early low in the offshore market. More offshore RMB to the US dollar exchange rate that reflects the expectations of international investors fell below 7.23, 7.24, 7.25, 7.26, and 7.27 on October 19, the lowest in the market fell to 7.2731, and it refreshed 7.2675 on September 28. The lowest point.

Since January this year, the US dollar has risen against the RMB exchange rate close to 15%.

(In the past year, the exchange rate of the US dollar against the RMB, the screenshot comes from XE)

A few days ago, the China International Trade Promotion Commission issued a report on the foreign trade situation in the third quarter of the foreign trade situation. The report shows that the effectiveness of the stability of the economy and the implementation of the implementation of foreign trade policies began to be concentrated in the third quarter. In the first half of the year, the enterprises reflected the strong relief of the issues of freight, energy, funds, and exchange rates.

The survey shows that 45.1%of foreign trade enterprises said that the confidence in foreign trade development in the third quarter has gradually recovered; 30.31%of foreign trade enterprises are expected to achieve year -on -year growth, which increases by 4.09 percentage points from the second quarter; More optimistic, although the expectations of small and micro enterprises are weaker, it has improved compared with the second quarter.

For foreign trade export companies, there is a favorable side of the rise in the US dollar against the RMB exchange rate. Guangdong refrigerator cold cabinet export company Oma Electric's export in 2021 accounted for nearly 87%of total revenue. Oma Electric stated that the relevant mechanism of foreign exchange sets has been established to resolve the impact of the significant fluctuation of exchange rate fluctuations on the company's operations. The devaluation of the renminbi can reduce the purchase cost of foreign customers, and it is conducive to winning more foreign customers' orders.

In order to reduce the impact of exchange rate fluctuations on profits, Oma Electric plans to carry out a long -term foreign exchange settlement business in 2022. The total scale of foreign exchange sets of foreign exchange sets is: the cumulative amount of US dollar currency does not exceed 2 billion U.S. dollars, and the cumulative amount of euro currencies cumulative amounts The cumulative amount of no more than 800 million euros and yen currency does not exceed 15 billion yen.

However, for export companies, due to the repeated domestic epidemic, some factories are blocked from time to time, the cost of raw materials has risen sharply, and the benefits brought by exchange rates will be offset. Taking refrigerators as an example, in terms of raw materials, the main raw materials produced by refrigerators in refrigerators include steel, plastic, copper, aluminum, etc., accounting for more than 85%of the refrigerator manufacturing costs. The prices of the main raw materials are still rising, in the first half of 2022, LME London Metal Exchange) The average price of copper spot settlement was as high as 9761 US dollars/ton, an increase of 7.4%year -on -year, and once exceeded the $ 10,000/ton mark; $ 3,000.

02

Selling in the third quarter of profit exceeding expectations

The depreciation of the renminbi can improve its profit margin for exchanges that use the US dollar to settle foreign exchange. Judging from the third quarter of 2022, which was just disclosed by superstar technology, the revenue of 3.601 billion yuan in the third quarter, an increase of 11.5%year -on -year, and a net profit of 622 million yuan, an increase of 47.1%year -on -year, which has increased the profit margin increased profit margin in the US dollar. Great relationship. According to the research report of CICC's superstar technology, benefiting from the rapid appreciation of the US dollar, the financial expenses of superstar technology in the third quarter of the third quarter of the financial expenses formed a revenue of 83 million yuan, which was 0.12 million yuan in the same period last year. Thanks to this, the net profit margin of superstar technology in the third quarter was 17.3%, an increase of 4.2%and 3.6%year -on -year.

Since the second quarter of this year, the renminbi has been depreciating channels and has contributed to the gross profit margin and financial expenses of superstar technology. If the currency value continues the current level in the future, its contribution will continue in the future. In addition, CICC analysis believes that overseas is affected by a series of factors such as energy prices and labor wages. The manufacturing costs continue to rise, overseas supply will continue to be damaged. The trend of improving the share of Chinese enterprises may continue, and it is expected to continue to obtain the performance of the industry.

Of course, some overseas markets are sold in multiple overseas markets. The currency used may include the US dollar, euro, yen, pound, Australian dollar, etc., and not a single currency quotation. Therefore Change. This is the case of Anke's innovation. Although the US dollar has shown an upward trend, the yen and the euro have depreciated sharply, bringing a certain pressure on its income performance in Japan and Europe.

Zhu Qiocheng, general manager of New Oriental Industry and Trade, suggested that everyone adhere to the principle of "risk neutrality", actively manage foreign exchange risks, and comprehensively adopt various methods such as foreign exchange sets to reduce the adverse effects of exchange rate fluctuations. It can be seen that Anke Innovation, Lege, Superstar Technology and other industries have been selling for foreign exchange sets of preservation business this year to reasonably reduce the risk of financial expenses and future exchange rate fluctuations.

However, some people in the industry pointed out that the core principles of the hedging period of time preservation are to determine uncertainty and make enterprises good accounts, so as to make profits in production and operation activities, not to fry foreign exchange. The so -called loss is only an opportunity cost, but some small and medium -sized foreign trade enterprises have not received good service guidance in commercial banks, and most of them are tens of thousands of dollars small amounts. The cost is actually very high. Therefore, some foreign trade companies choose whatever they choose Essence

In fact, according to the cross -border understanding of Hugo, the relevant departments have also found the above problems and introduced the corresponding policies. On October 8th, the State Administration of Foreign Exchange released the "Continuous Improvement of Enterprise Exchange Risk Management Capability", which clearly proposed to reduce the comprehensive cost of foreign exchange sets of small and medium-sized enterprises, including guiding foreign exchange trading centers for free 2022-2023 small and medium-sized enterprises foreign exchange foreign exchange from small and medium-sized enterprises from 2023 The derivatives transaction related to the interbank foreign exchange market transaction fee is expected to be free of 11 million yuan in 2022, corresponding to about 2.3 trillion yuan of small and medium -sized enterprises' foreign exchange sets.

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