The furniture industry still has a hard time 2015: financial capital intervention is not a good idea

China Coatings Network
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In the past 2014, when reporters attended a number of furniture enterprise activities, asked a lot of furniture industry tycoons 2015 outlook, basically everyone expressed confidence in the market, but also optimistic about the development prospects of enterprises. However, the author of this paper believes that the furniture industry in 2015 still has a hard time: industrial restructuring will lead to the collapse of some enterprises, and want to reverse the situation of financing means may also affect the survival of enterprises themselves. Too many Chinese furniture enterprises are shortcomings and advantages
at the end of the Lunar New Year, in the mood, will want to calculate the past year's losses. What about China's furniture industry in the past year? I believe everyone has a number in their hearts.
the Internet, I saw someone list a table detailing how many furniture businesses had closed down during the year, as if no one had listed how many new businesses had been set up. There are too many Chinese furniture enterprises, perhaps because the entry threshold is too low. I heard there are 5-6 million, 5 million employees. The total capacity of the U.S. furniture industry may be one-third, or a little higher, in China, but their furniture manufacturers have fewer than 5,000, and Japan's total furniture industry has one-tenth the capacity of China, but the number of workers is just over 100,000. Our factory number is too many, too much labor, is the disadvantage is also the advantage, the disadvantage needless to say, the advantage is that we still have a lot of room for improvement and development.
, it is normal to dump some factories in 2014, even if there are factories closed this year, which is the inevitable phenomenon caused by industrial restructuring. Financial capital intervention is not a good way for companies to upgrade
the State Council Development Research Center's structural adjustment proposals for traditional industries:
- strictly control new production capacity;
- phase out and exit backward production capacity;
- strict environmental energy consumption standards;
- financial capital mergers and acquisitions;
- encourage enterprise equipment upgrading.
furniture industry is difficult to control new production capacity, but also rely on the market to eliminate those so-called "backward" enterprises, but the state has the ability to environmental protection, fire and other regulations, to shut down enterprises. At the end of last year, for example, thousands of small furniture factories in Fengxian, Shanghai, were ordered to close. Personally, I think it's a bad suggestion to encourage financial capital to step in. The United States has some of the original good furniture enterprises, by the financial capital into, the outsider led the industry, the result is the collapse. Like the FBI.
financial capital is rich, to buy shares in furniture enterprises, it is easy, the problem is management, those engaged in finance, how to manage the furniture industry?
even more outrageous in the U.S., and now there's a "new way to play" called Leveraged Buyouts. What do you mean? Is you like ×× enterprises, you want to buy, but there is not enough money, financial institutions can lend you money to buy, is it absurd to say that you use the ×× enterprises that do not belong to you as collateral, the purchase price out to buy ×× enterprises? The key is to have a moving plan. In this way, ×× enterprises did not fail, the original operation is not very good, may be the market cyclical low tide, or other reasons, shortcomings of the operation of funds, want to sell. Now well, someone borrowed money to buy, this to buy people, after hand, the first thing to find a way to squeeze money to pay back the financial company, so the funding gap enlarged, said that the person who took over do not understand the line, can not operate, ×× the possibility of the existence of enterprises is certainly reduced. The government should help enterprises upgrade their equipment
or encourage enterprises to upgrade their equipment. But if incentives are not, the government should provide some assistance, such as the Singapore government, updating equipment, providing interest-free loans, and applying for the government to pay for some of it, as well as the cost of retraining staff. Compared with other industries, the furniture industry in the 38 industries surveyed by the State Council is:
- industry sales margin of about 6%, ranked 22;
- industry asset-liability ratio of about 50%, ranked 25;
- industry fixed asset investment growth of about 25% YoY, ranked 21.
All the indicators are in the middle down, but those industries with good indicators are state-owned monopoly industries, such as tobacco, finance, oil and gas, and we are better than the apparel, textile, paper, food processing and even electronics industries. This is in the current furniture industry is still in the structural adjustment before, to some extent, "modern" before the situation, after the big wave of sand, the furniture industry will have a better future.
, however, we still have a hard time in 2015. Conclusion
Although the 2015 home market environment is not so satisfactory, but the home enterprises in addition to maintaining self-confidence, more should be aimed at their own shortcomings, think of survival measures, after all, the survival of the slightly fittest this truth is understood by everyone.