exported 12,120,000 U.S. dollars in 2006, up 453.42% over the same period of last year. The foreign exchange earnings from exportation amounted to 10,650,000 U.S. dollars, up by 466.49 percent over the same period of last year. The exchange loss was 630,000 yuan,
an increase of 380,000 yuan over 2005, an increase of 152 %. Yichun Yaxin Wood Products Co., Ltd. in 2005 the exchange loss of 1.84 million yuan in 2006 to 940,000 yuan. ( the impact of tax policy adjustments In 2006 the state adjusted the tax policy for wood products three times in a row,
including 5% consumption tax on solid wood flooring, parquet; export tax rebate rate of multilayer boards, wooden doors, furniture, plywood, etc. from 13% Reduced to 11%; from January 1, 2007 onwards, cancel the parquet export tax rebate (VAT, consumption tax);
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