Our thinking is one of things does not
depreciation.
我们思想是一种不会贬值的东西。
Mary can't bear the
depreciation of the enemy.
玛丽受不了敌人的蹂躏。
Land for
depreciation of assets.
土地为无折旧的资产。
The company will have to account for the
depreciation of its assets over time.
公司需要计算其资产随时间的折旧。
The car's value depreciates significantly in the first year after purchase.
汽车在购买后的第一年价值会大幅贬值。
He claimed tax deductions for the
depreciation of his business equipment.
他为商业设备的折旧申请了税收减免。
The rapid technological advancements led to the quick
depreciation of last year's model.
技术迅速进步导致去年的机型快速贬值。
In accounting,
depreciation is a method of allocating the cost of a tangible asset over its useful life.
在会计中，折旧是将有形资产的成本在其使用寿命内进行分配的方法。
The
depreciation of the currency has made exports more competitive in the global market.
货币贬值使得出口在全球市场更具竞争力。
Real estate generally appreciates over time, unlike most other assets that depreciate.
不像大多数会贬值的其他资产，房地产通常随着时间增值。
The company took a large
depreciation expense on its old machinery this quarter.
本季度，公司对其旧机器设备计提了大额折旧费用。
Understanding
depreciation schedules can help businesses plan their capital expenditures better.
理解折旧计划能帮助企业更好地规划资本支出。
The
depreciation of the furniture and office equipment is calculated using straight-line
depreciation.
家具和办公设备的折旧是采用直线法计算的。
Adjusted EBITDA, or earnings before interest, tax, depreciation and amortization, increased from $311.4 million in 2021 to $453 million in 2022, a CAGR of 20.6 percent.
调整后的息税折旧摊销前利润（EBITDA），即息税折旧和摊销前利润，从2021年的3.114亿美元增至2022年的4.53亿美元，复合年增长率为20.6%。
Given that Elkem has consistently adhered to the dual-growth and green leadership strategies, Zhang stressed that the dual-growth strategy signifies the company's commitment to achieving a well-balanced geographical distribution and value chain, with the goal of realizing annual business growth exceeding 5 percent and maintaining an EBITDA (earnings before interest, taxes, depreciation and amortization) margin of at least 15 percent each year.
鉴于埃尔肯一贯坚持双重增长和绿色领导战略，张强调，双重增长战略意味着公司致力于实现地理分布和价值链的平衡，目标是实现超过5%的年业务增长，并保持每年至少15%的息税折旧摊销前利润率。
Amer Sports' earnings before interest, taxes, depreciation and amortization reached 557 million yuan.
Amer Sports的息税折旧及摊销前利润达到55.7亿元。
Even though the supply and demand imbalance and bottlenecks still linger, the company saw its earnings before interest, taxes, depreciation and amortization surge to $4 billion in the first quarter, compared with $1.5 billion during the same period last year.
尽管供需失衡和瓶颈仍然存在，该公司第一季度的息税折旧及摊销前利润（EBITDA）还是激增到了40亿美元，而去年同期这一数字为15亿美元。
Pharmaceuticals grew earnings despite a decline in sales, EBITDA (earnings before interest, taxes, depreciation and amortization) before special items at pharmaceuticals advanced by 2.6 percent to 6.016 billion euros.
尽管销售额有所下降，但药品业务的利润仍实现增长；调整后的制药业务息税折旧摊销前利润(EBITDA)增长2.6%，至60.16亿欧元。
The conglomerate's earnings before interest, tax, depreciation and amortization (EBITDA) fell 10.5 percent, which it attributed largely to the negative effect of foreign exchange.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 3.7 percent to 145.9 billion.
The currency is recovering from a period of depreciation following the UK referendum on European Union membership.
Adidas was hereby able to offset significant currency headwinds resulting from the depreciation of the dollar with positive effects from a better pricing and product mix.
China and other Asian markets contributed 133 percent growth in segment revenue and a 258 percent surge in operating EBITDA (earnings before interest, taxes, depreciation and amortization) in the 2017 financial year, according to the company's 2016-17 annual report.
A tightening of liquidity also helped the yuan reverse last year's depreciation.
The company's 2017 interim results show that HGC's earnings before interest, taxes, depreciation and amortization rose 2 percent year-on-year to HK$682 million in the first six months of the year.
Ista, which provides energy and water metering, posted earnings before interest, taxes, depreciation and amortization of 370 million euros in 2016 on sales of 850 million euros.
Wanda's investment comes as Chinese investment is pouring into London property at an unprecedented rate, fueled by the depreciation of the pound that resulted from uncertainties around the UK's decision to leave the European Union.
In general, currency depreciation encourages capital inflows and stifles capital outflows, thereby keeping cross-border capital movements generally stable.
However, when bandwagon effects emerge, currency depreciation can lead to larger-scale capital outflows, thus affecting domestic financial stability.
Many people are concerned that the interest rate drops in China will lead to a depreciation of the renminbi.
The average depreciation rate of currencies in developing nations — relative to the United States dollar over the past three decades — has approached 90 percent, whereas the RMB has appreciated.
Therefore, since a mild depreciation of the RMB is also beneficial to exports and job creation, there is no need to worry too much about it at present.
Although the depreciation of the RMB exchange rate in recent months has increased the profitability of export-oriented enterprises and enhanced the willingness of foreign customers to place orders to a certain extent, the overall external demand for China's exports has not yet improved, Zhang said.
Affected by the Fed's interest rate hikes, smaller economies such as Lebanon have suffered from capital outflows, currency depreciation, high foreign debt and asset price declines, and their economies have fallen into recession.
But the renminbi may still feel some depreciation pressure from the greenback in the near term as the Fed rate hike cycle has yet to end while COVID-19 uncertainties remain in China, she said.
In addition, the depreciation of RMB against the US dollar will further enhance the competitiveness of Chinese goods in overseas markets.
"Globally, compared with the currencies of major developed and emerging markets, the depreciation of the renminbi is at an average level.
The renminbi has been no exception, and began to show depreciation signs in mid-April.
Additionally, moderate depreciation is conducive to economic stability.
Drastic currency depreciation soaring to 30 to 50 percent, or even higher, which has been seen in some developing countries, will not happen in China.
Lessons from the past show that most dramatic depreciation periods take place in countries with high inflation or trade deficits.
According to significant depreciation cases recorded by the International Monetary Fund ever since the Bretton Woods system came to an end in the early 1970s, 148 out of the 157 cases — during which currencies depreciated by at least 15 percent in a single year — were concurrent with inflation or trade deficits.
Only nine depreciation cases happened when inflation was low or the nation reported a trade surplus.
These depreciation cases can be further attributed to five different reasons.
One is when economies face serious external crises, like the depreciation in South Korea between 2008 and 2009 and in Malta in 1993.
Second is when an extremely relaxed monetary environment causes depreciation, such as in Sweden in 2009 and in Japan in 2013.
Fourth, over-evaluation of a country's currency resulted in depreciation in Japan in 1996 and in the Netherlands in 1997.
The fifth scenario involves excessive credit and foreign debts, which caused depreciation in Indonesia in 2001.
There is no depreciation pressure piled up from the past.
Cross-border capital flows have remained stable and the renminbi is not experiencing the depreciation pressure that it underwent between 2015 and 2016.
The soaring US dollar index arising from continued interest rate hikes adopted by the US Federal Reserve is one major reason for the renminbi's recent depreciation.
Recent currency depreciation has helped stabilize China's macroeconomy in the sense of enhancing Chinese export attractiveness, elevating price competitiveness of various import substitutes and boosting demand.
Moderate depreciation is not troubling.
What should be avoided is any large-scale renminbi depreciation.
Excessive intervention will only result in stronger market expectations of unidirectional depreciation and more downward pressure on the currency.
Malpass said that currency depreciation will make debt levels for developing countries more burdensome, and the rise in interest rates adds to that pressure.
Nevertheless, experts noted that renminbi internationalization still faces multiple challenges, particularly the renminbi's recent depreciation pressure and headwinds facing the Chinese economy.
Shortly after Liu's remarks, the PBOC announced on Monday that it would reduce the foreign exchange reserve requirement ratio by 2 percent to 6 percent on September 15, a move experts said will help alleviate the depreciation pressure of renminbi.
Despite the depreciation against the dollar, due to monetary tightening in the United States, renminbi has increased against all the other currencies in the Special Drawing Rights basket this year, Liu said.
Japan's smaller share in China's total exports was mainly due to the sharp depreciation of the Japanese yen since the end of May, which has weakened Japan's import capacity.
In the first four months before the sharp depreciation of the yen, Chinese exports to Japan accounted for 4.97 percent of China's total exports, higher on a yearly basis.
Under such a comparison, it can be seen that China's easing will not result in capital outflow or depreciation in the renminbi exchange rate.
The currency depreciation in these major economies has brought stagflation and downside risks, said Xu Hongcai, deputy director of the China Association of Policy Science's economic policy committee.
He added that the renminbi's recent depreciation against the dollar is due to short-term shocks, such as a resurgence in COVID-19 cases, and is unlikely to alter the country's long-term development potential or derail the future internationalization of the renminbi.
Huang Yiping, chairman of the academic committee of the China Finance 40 Forum, said the Fed's ongoing tightening could shrink global liquidity and pile on the pressure of capital outflows and currency depreciation on many developing economies.
Zhang Liqing, director of the Central University of Finance and Economics' Center for International Finance Studies, said the yuan may continue to face depreciation pressure this year as US tightening underpins the dollar and the epidemic situation in major Chinese cities aggravates economic uncertainties.
They called for better COVID-19 containment as soon as possible and stronger policy support to stabilize the Chinese economy, which will help shore up market confidence and keep the depreciation pressure of the yuan manageable.
The People's Bank of China, the nation's central bank, announced on Monday evening that it would reduce the foreign exchange reserve requirement ratio by 1 percentage point to 8 percent on May 15, a move experts said will help alleviate the depreciation pressure of the yuan.
Going forward, it will become necessary for China to strengthen macroprudential management to prevent excessive capital outflows if the yuan sees severe depreciation, said Zhang Liqing, director of the Central University of Finance and Economics' Center for International Finance Studies.
According to Zhang, the yuan could continue to feel the pressure of depreciation this year, which may increase Chinese exporters' profits and help boost export growth.
Shao Yu, chief economist at Shanghai-based Orient Securities, said he expected the depreciation pressure of the yuan to remain manageable given China's relative stability in economic fundamentals and export resilience.
Market analysts said the pressures of capital outflow and yuan depreciation will remain manageable, given that China's real interest rates, which subtract inflation and dictate real investment returns, are still performing at a higher level than counterparts in the US because of mild inflation in China.
The consensus among economists is that strong industry revival, reduction in inventories, higher appetite for risk and depreciation of the US dollar all combined to push commodity prices higher.
For instance, divergent policies between China and the US and trade frictions between the two countries led to the continuous depreciation of the yuan and narrowing spread between Chinese and US government bond yields in 2018, while China saw a net inflow of foreign investment despite headwinds in 2018.
This year, micro, small and medium-sized enterprises, or MSMEs, which purchase new equipment worth more than 5 million yuan with a three-year depreciation period, are entitled to a one-off deduction of total purchase costs from taxable income.
For those with equipment depreciation periods of four, five or 10 years, they are eligible for a 50 percent deduction.
The renminbi will see depreciation pressure and the independence of China's monetary policies will be affected.
The renminbi also faces depreciation pressure to some extent.
While the US is taking a tighter grip, China demonstrates the demand for a relaxed monetary policy, which will put more pressure on the yuan's depreciation this year.
However, there are factors that may exert depreciation pressure on the currency.
Sustained currency depreciation or appreciation hardly happens with large economies, and it is "even more impossible" for China, Liu said, as the country has been prudent in launching stimulus measures.
Such measures as lowering project capital contribution as appropriate, proper tax incentives, intensified funding support from government special bonds and accelerated depreciation will be explored in a holistic way, to step up support for projects featuring clean and efficient use of coal.
In addition, for qualified capital expenditures of enterprises, one-time pre-tax deduction or accelerated depreciation and amortization are allowed in the current period of expenditure; and income from tourism, modern services, high-tech industries and new overseas direct investment in the cooperation zone shall be exempted from the corporate income tax.
The pressure of renminbi depreciation will increase in the second half of this year, but the trend will continue to fluctuate in both directions, the institutes said.
Moreover the US dollar index is rising and the Federal Reserve has tightened its policies ahead of schedule, which also will put depreciation pressure on the renminbi.
Eventually, this currency depreciation restores competitiveness and leads to higher exports, and thus stronger growth, which makes it easier for them to service their debt.
Weak growth at a time of rising US yields is associated with currency depreciation.
Monetary easing overseas and the massive fiscal stimulus in some developed economies may push up inflation, which will lead to currency depreciation, including the US dollar.
The depreciation of the US dollar also helps propel domestic steel product prices and imports, Chen said.
Xu Xiangchun, information director and analyst with Mysteel, an iron and steel consultancy, said he also believes that steel demand will rebound, and expectations of inflation due to US dollar depreciation will likely shore up China's steel prices this year.
"The COVID-19 pandemic is still expanding in some emerging and low-income countries, resulting in economic recession, currency depreciation, unbalanced fiscal revenue and spending, and growing debt.
Rising gold prices have not dented consumer demand for jewelry in China — and this trend will likely continue due to factors like yuan depreciation, need for safe-haven assets and the upcoming traditional wedding season, experts said.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) rocketed 175.8 percent, going from 292 million yuan to 806 million yuan compared to the same period last year.
Li said that technological innovation could improve efficiency and reduce the cost of electric cargo vehicles in the way of extending the lifespan of charging piles to reduce service costs, enhancing battery capacity to increase range and reducing battery depreciation costs.
Tan said that steel export may maintain resilience in the short term supported by the depreciation of yuan against the US dollar.
S&P Global (China) Ratings said expanding scale will help enterprises achieve economies of scale, reduce energy consumption per unit, depreciation and costs, and support their bargaining power with upstream and downstream industries, it said.
标普全球(中国)评级表示，扩大规模将有助于企业实现规模经济，降低单位能源消耗、折旧和成本，并支持其与上下游行业的议价能力。
"The depreciation of the yuan against the US dollar, Sino-US trade tensions, the sluggish macro economy, the transfer of some airlines to the new Beijing Daxing International Airport, and the grounding of the B737 MAX jets are among the factors expected to contribute to a challenging second half for the airline companies," he added.
"These regional headwinds will drive a 3 to 4 percent decline in aggregated earnings before interest, taxes, depreciation and amortization (EBITDA) through 2019.
Demand in the fourth quarter is expected to stay strong due to China-US trade tensions (which enhanced gold's safe-haven asset status), the growing strength of the US dollar, and the depreciation of the Chinese yuan, they said.
State-owned Chinese airlines have reported sluggish growth in the first half year, dampened by rising oil prices and the depreciation of the yuan.
"The price drop due to the China-US trade tensions, the growing strength of the US dollar, and the depreciation of the RMB will further drive gold demand in the second half.
The technology solves another problem as well: depreciation.
In this way, people can pay much less to buy an electric car and not worry about the depreciation of aged batteries.
Other buyers worry about the depreciation risks in these rapid updates.
The downturn was attributable to the depreciation of emerging market currencies that pulled down the repatriated revenue from emerging economies.
Choosing to rent a vehicle, the customer has the ownership of the vehicle as long as he pays off the rental expense every month, which exempts the customer from worrying about vehicle depreciation, insurance and maintenance, according to Polestar.
The first reason is mainly caused by alternative mobility solutions which have very competitive pricing (taxis or chauffeur-based vehicles with strong consumer incentives); the latter is mainly caused by car depreciation, upfront investment in offline solutions (maintenance team) and insurance.
Reindustrialization is occurring against the backdrop of a clamor for tax depreciation allowances or deductions for research and development by Hong Kong companies in the Greater Bay Area.
“在港企呼吁于大湾区内为研发活动提供税收折旧减免的大背景下，再工业化进程正在展开。”
Tax breaks will also be granted to businesses that invest in basic research, while policies will be improved on the accelerated depreciation of equipment and tools, and on preferential corporate income tax for new-tech and high-tech enterprises.
According to the report, China will work to raise the deduction coverage for small and medium sci-tech enterprises from 75 percent to 100 percent, grant tax breaks to enterprises that invest in basic research, and improve policies on accelerated depreciation of equipment and tools and on preferential corporate income tax for new and high-tech enterprises.
根据报告,中国将提高科技型中小企业研发费用加计扣除比例至100%,对企业投入基础研究实行税收优惠,完善设备器具加速折旧、高新技术企业所得税优惠等政策。这表明中国正致力于通过财政和税收政策支持科技创新,鼓励企业增加研发投入,特别是对科技型中小企业和基础研究的支持,以促进经济高质量发展和产业升级。同时,优化税收政策也有助于减轻企业负担,激发市场活力,推动创新链与产业链深度融合,为建设创新型国家提供有力支撑。这些措施体现了中国政府对科技创新的高度重视,以及通过改革和完善相关政策体系,营造有利于科技创新的良好环境的决心。
It posted third-quarter revenue of 741 million yuan ($115.0 million), up 59 percent year-on-year, and a quarterly adjusted earnings before interest, taxes, depreciation and amortization of 368.4 million yuan, representing a 61.6 percent yearly growth.
Experts close to the central bank said the statements have shown monetary policymakers' determination to safeguard foreign exchange market stability after taking resolute steps to mitigate the transitory depreciation pressure of the renminbi while upholding the dominant role of market forces in foreign exchange rate formation.
Such irresponsible comments and moves, which, as we see things, only function to damage prospects and trigger sharp volatility in banking shares, also exacerbated cross-border capital outflows and renminbi depreciation pressure.
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