For example, in 2006, the affiliated enterprises of Yanbian Forestry Group only reduced their income by 12 million yuan due to the change of exchange rate. The profit of Jilin Xin Yuan Wood Co., Ltd. decreased by more than 7 million yuan due to the appreciation of Renminbi.2, directly increase corporate exchange losses, increase financial costs. The rising exchange rate of RMB has caused the export enterprises to suffer direct foreign exchange loss and foreign exchange losses under the accrual basis when they settle foreign exchange.
As a result, the more exports, the greater the foreign exchange loss, the greater the foreign exchange accounts receivable, and the more losses the enterprises will have in settling foreign exchanges. For example, Hunchun Forest Hill Wood Co., Ltd.
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