As more and more companies enter the wardrobe market, in the new market environment. The cost of all aspects of the wardrobe industry has risen sharply, and the profit margin has gradually become smaller. In the next few years, the wardrobe market will surely mature further, and the profitability of the wardrobe industry will also enter the era of meager profit. Due to the characteristics of the industry, the wardrobe products have high requirements for capital turnover, resulting in excessive financing costs, which will restrict the development of the wardrobe enterprises. Therefore, wardrobe enterprises should be prepared for danger in the current stage, and at this stage, efforts should be made to solve the problems of difficult loan financing and high financing costs.
Nowadays, the “bottleneck†of funds facing the development of small and medium-sized enterprises in domestic wardrobes is particularly serious. They have the common characteristics: the net profit margin of sales and the gross profit margin of sales are not high, the capital turnover is fast, the capital demand is large, and their own funds cannot meet the demand at all, and they must continue to operate normally by frequent financing.
Wardrobe enterprises often need to pay in full for the orders of the upstream boards of the industry. Sometimes they need to pay for the downstream end users. In addition, the constant updating of hardware equipment and technical processes also requires a large amount of capital. Therefore, the wardrobe enterprises are in the upstream and downstream of the capital chain. In bad situation.
In addition to its own active transformation and upgrading, the wardrobe enterprises also need external support and support. For example, banks can provide financing support for enterprises that have long been engaged in wardrobe production, good qualifications and high credibility. Banks can develop financial products that adapt to the characteristics of wardrobe enterprises, simplify loan review procedures, and actively explore commercial banks to provide effective ways to provide interest subsidies or risk compensation for SME loans, increase the proportion of credit to wardrobe enterprises, especially small and medium-sized wardrobe enterprises, and promote bank support. The guarantee mechanism will carry out the guarantee loan business for the wardrobe enterprise, crack the "bottleneck" of the wardrobe enterprise financing, and promote the smooth flow of the whole wardrobe industry "health" to achieve healthy development.
In addition, the government should also appropriately strengthen the attention and policy support for the wardrobe industry. In fact, the wardrobe business hopes that the relevant state departments will adopt legal and administrative means to regulate the development of the industry and create a fair market competition environment for the wardrobe industry; the government will introduce relevant support policies for wardrobe enterprises and formulate plans for the development of the wardrobe industry.
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Ningbo Yinzhou Hengxi Winbate Household Product Manufacturer , https://www.nbwinbate.com