jiayou
Posts 12
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In terms of taxes, compared to HK $ 21.57 million in 2013 income tax expense, Eagle International taxes and fees overall decreased by HK $ 6.2 million, HK $ 15.36 million, while the actual tax rate from 22.8% surged from 18.5 to 41.3 percent. Mainly because of Jiangxi and Indonesia Banten two production bases in Guangdong Province, the tax loss is not deductible for tax original plant. In addition, a subsidiary Nike Free 5.0 Mens company located in Guangdong Province, the end of tax concessions enjoyed by half, also pushed up the overall effective tax rate group. Eagle International said that in order to increase flexibility, the processing mode for the original group of subsidiaries into the domestic feed processing mode. Although the company no longer enjoy preferential raw material exempt from VAT, but after the transition can open up their own subsidiaries domestic and overseas market, looking for more cost-effective partner in favor of group development. In addition, net profit Eagle International also showed a declining trend during the year. March 31, 2012 to March 31, 2014, the company's annual net profit was HK $ 121 million, HK $ 73,040,000, HK $ 21,870,000. During the reporting period, net profit attributable to shareholders decreased from HK $ www.cheaproshfreerun.co.uk 73,042,013 a year earlier to HK $ 21.87 million, down 70%. Compared with last year, net profit margin fell from 5.1 to 1.5%, from the 2013 earnings per share also dropped to HK $ 14.6 HK $ 4.4.Now, with the increase in costs and pressure of RMB appreciation, and Southeast Asia competition, foundry shock consolidation is inevitable, industry or a new round of "shuffle." All along, the Chinese footwear market in Quanzhou, Fujian Province all play an important role, but this year, Quanzhou footwear exports situation is not satisfactory. Quanzhou footwear exports in the first half this year, recently released data show that although export prices rose, but exports declined year on year. At the same time, the reporter found that in the first half of this year, Wenzhou, Taizhou Wenling footwear exports also declined. In this regard, the industry believes that this is mainly due to the recent years, domestic labor costs and the price level rising, pushed up the export price of shoes, while the comparative advantage of labor costs waning, foreign orders are relatively low cost to the elements Vietnam and other Southeast Asian countries, the transfer of foreign technology to upgrade safety standards is to raise the threshold of export, to a certain extent, affected the Quanzhou and other places shoe exports. Latest Customs statistics show that in the Nike Air Max 90 Womens first half of this year, Quanzhou footwear exports nearly 230 million pairs, with the 3.6% decrease compared to last year; the average price rose 12.5%. Reporters learned that the situation is not a single case of Quanzhou, Wenzhou, Wenling, Taizhou and other places also appeared in the same situation. In the first half of this year, Wenzhou footwear exports to 13.027 billion yuan, down 3.92 percent. Wenling China Customs Office data show that the first half of this year, Taizhou Wenling footwear exports to total $ 513 million, down 3.94%. Shoes and apparel industry Magang independent commentator told the "Daily News" reporter, at present, three major bases in China's footwear products are Quanzhou, Wenzhou, Guangzhou, Chengdu shoes export more, it is also an important base for four export data places can be basically represent New Balance 410 Womens the overall situation of the country.
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