Partial model rebate rate increased to 17% home appliance Enterprises Benefit Limited

Source: Internet
Author: User
Keywords Treasury
The Ministry of Finance 8th issued a notice to improve the export rebate rate of some goods, home air-conditioning, refrigerators, washing machines, some models of export tax rebate rate from 14% to 17%.  A large domestic air-conditioning Enterprise international division director of China Securities News reporter said that the increase in export rebate rate to the enterprise help is limited, because most domestic enterprises are mainly OEM, the tax rebate rate increased profits will be obtained by overseas buyers.  Less beneficiary model The Great Wall Securities researcher Hechi pointed out that in the Treasury's announcement of the tax rebate product list, home appliance products are not many models, the entire household appliances industry has limited impact.  According to the 8th release of the Ministry of Finance and Finance [2009]88 "on the further improvement of the export tax rebate rate of some goods," the category of the export tax rebate involves air-conditioning, refrigerators, washing machines, television transmission equipment, etc., but the number of specific products under each category is limited. For example, the air conditioner will only increase the export drawback rate of the independent window or wall air conditioner to 17%, the refrigeration capacity ≤ 4,000 kcal/when the parts of the air-conditioning increased to 15%. Refrigerator, the volume is greater than 500 liters refrigeration-refrigeration equipment, such as refrigerator products Export tax rebate increased to 17%; washing machine, dry volume ≤10kg washing machine parts and so on to 15%, power ≤0.4kw refrigeration, freezer with stepless variable speed compressor export tax rebate to 17%; Radio broadcasting,  Televisions are raised to 17% with sending devices, Black-and-white or other monochrome television receivers. Foreign buyers profit an industry insider told the China Securities News reporter, each time the government to improve the export tax rebate rate, overseas buyers will ask to reopen the price, and ultimately, overseas buyers get most of the benefits.  However, for enterprises, the improvement of export tax rebate, will help the enterprise cash flow improvement.  Huangxiaoming, vice president of the United States, has told the media that the increase in export tax rebate will enhance the competitiveness of related products in the international market, but it is difficult to say how much the impact on specific performance, because the increase in tax rebate rate by the entire industry chain share. As far as domestic enterprise strength is concerned, it is still a long way to go to give up the foundry to do the independent brand. Gree Electrical Appliances Chairman Zhu Jianghong recently in the company shareholder meeting, "Gree electrical appliances have been the internationalization of their own brand as the company's established strategy, if always OEM production, the company has no bargaining power and bargaining chips, but the construction of the brand is not easy, is a long-term process, the need to accumulate slowly, step-by-step walk.  "Great Wall securities researcher Hechi that recently, the government has introduced household appliances" to replace the old ", air-conditioning products, such as subsidies and other policies, this is to improve the domestic market energy-efficient products consumption has a strong stimulus, in the overseas market demand is sluggish, home appliance enterprises should have more expectations of the domestic market. In addition, business people also called for the financial sector to speed up the rate of tax rebate, after the increase in export tax rebate, the time to cash more.
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