Quanzhou shoe companies are facing cost pressures

From the trend of many sports shoes brands have announced price increases, the rising prices of raw materials and other footwear companies have brought a lot of pressure. However, although the production cost of enterprises is rising, the prosperity index of Quanzhou enterprises is also rising.

The Quanzhou Survey Team of the National Bureau of Statistics recently learned that in the first quarter, the city’s entrepreneur confidence index and business climate index were 127.0 and 117.3, respectively, which were 3.4 points and 5.1 points higher than the same period of last year, respectively. Both were in the boom period.

The data shows that in the first quarter, 63.2% of the purchase price of raw materials and energy of industrial enterprises rose significantly, while 58.2% of industrial enterprises' production costs increased significantly.

Entrepreneur confidence improves

In the first quarter, compared with the fourth quarter of last year, the company’s production and operation status was 28.6% preferred, 60% were flat, and only 11.4% had business deviation. The business climate index was 117.3, which was 5.1 points higher than the same period of last year. The economy is still booming. However, due to the impact of the Spring Festival holiday, business climate index in the first quarter fell by 13.7 points, and the intensity of business expansion weakened.

From the perspective of the size of the company, the prosperity index of large and medium-sized enterprises was 127.6. Among them, the large-scale business climate index was 131.7, and the medium-sized business climate index was 125.9, continuing to operate in the medium-range economy. The business climate index of small businesses was 100.8, which was an increase of 1.5 points over the same period of last year and reached the critical point of prosperity.

Large cost pressure

The increase in the purchase price of raw materials and energy and the increase in manpower cost have increased the production cost of the company and, to a certain extent, affected the operating conditions of the company. Statistics show that the buying prices, production costs, and profitability index of industrial enterprises' raw materials and energy are 39.7, 54.0, and 87.1, respectively, all showing signs of slump.

On the basis of raising the deposit reserve ratio six times last year, the deposit reserve ratio was raised twice in the first quarter of this year, which has a certain impact on corporate finance. According to the survey, the corporate financing boom index was 89.6, down 6.6 points from the previous quarter, and was in a sluggish range.

In addition, from the perspective of business climate forecast and forecast, it is expected that the economic situation of the city will continue to stabilize and improve in the second quarter of this year.