描述
此次增值稅率下調(diào),產(chǎn)業(yè)鏈中議價(jià)能力較強(qiáng)的家電企業(yè)受益較為明顯,對(duì)于未來利潤(rùn)有間接拉動(dòng)作用。根據(jù)產(chǎn)業(yè)鏈上下游溢價(jià)能力決定凈利潤(rùn)影響幅度。增值稅稅率下調(diào)對(duì)企業(yè)的利潤(rùn)影響分四種情形:1)含稅賣價(jià)和含稅買價(jià)都不變:成本端受損、收入端改善;2)含稅賣價(jià)下降,含稅買價(jià)不變:成本端受損收入端不變;3)含稅賣價(jià)不變,含稅買價(jià)下降:成本端不變收入端改善;4)含稅賣價(jià)下降,含稅買價(jià)下降:成本端和收入端都不變。企業(yè)實(shí)際經(jīng)營(yíng)過程中,行業(yè)競(jìng)爭(zhēng)格局、上下游議價(jià)能力都對(duì)企業(yè)凈利潤(rùn)彈性影響各有差異。
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