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Analysis Of Textile Fixed Assets Investment In The First Half Year

2008/8/14 17:33:00 24

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Textile Industry Fixed Assets Clothing Shoes And Hats

According to the statistics of the National Bureau of statistics, in 2008 1-6, the total investment of fixed assets in the textile industry above 5 million yuan was 448 billion 350 million yuan, an increase of 10.97% over the same period in 2008. The actual investment reached 126 billion 729 million yuan, accounting for only 28.27% of the planned investment, an increase of 14.24% over the previous year. The number of new projects started to be 3220, down 11.10% from the same period last year, and 1100.

From the main investment areas, fixed asset investment is still concentrated in Shandong, Jiangsu and Zhejiang provinces.

Among them, the 1-6 month plan of Shandong Province invested 57 billion 283 million yuan, 397 new projects in the period, 153 completed projects, 22 billion 926 million yuan in actual investment, 66 billion 94 million yuan in 1-6 month plan in Jiangsu Province, 472 new projects in the period, 197 projects have been completed, and the actual investment has been 19 billion 4 million yuan; the 1-6 month plan of Zhejiang province has invested RMB 197 yuan, and the new projects have been built up in the period.

Analysis

Li Jun, editor in chief of textile resources, said that from the national perspective, the actual investment growth of major industries such as Hunan, Henan, Jiangxi and Anhui in the first half of May this year increased by more than 30%. The former four provinces actually invested 25 billion 943 million yuan in fixed assets in April, accounting for 20.47% of the total number of new projects and 771 of the total number of new projects, accounting for 23.94% of the total number of new projects.

Affected by tight monetary policy and credit policy, most of the new coastal projects in the coastal provinces have dropped to varying degrees. The main provinces and cities are Jiangsu and Shanghai. The actual investment in Shanghai has dropped by 56% over the same period, which is the most widely pferred province.

Judging from the completed projects, there are four provinces and cities with more than 100 completed projects, namely, 197 in Jiangsu and 153 in Shandong, 153 in Henan and 141 in Hebei, and 90 in Jiangxi.

In terms of industry, fixed assets investment is mainly concentrated in cotton and chemical fiber textile and dyeing and finishing industry, clothing shoes and hats, chemical fiber manufacturing, textile products and needle weaving industry.

For more than 1-6 months, five industries plan to invest 413 billion 62 million yuan, accounting for 92.13% of the total textile industry investment; the actual investment is 115 billion 554 million yuan, accounting for 91.18% of the national textile investment; 1015 completed projects, accounting for 92.27% of the national textile completion projects.

The proportion of investment in cotton and chemical fiber dyeing and finishing industry is the highest. 1-6 months cotton and chemical fiber textile dyeing and finishing industry plans to invest 131 billion 818 million yuan, accounting for 29.40% of the whole country. The actual investment has reached 37 billion 683 million yuan, accounting for 29.74% of the whole country, and 306 construction projects have been completed.

Cotton and chemical fiber textile processing and manufacturing industry actually completed investment of 33 billion 214 million yuan, while cotton and chemical fiber dyeing and finishing completed investment of 4 billion 469 million yuan in the same period.

From the perspective of matching the upstream and downstream of the cotton textile industry chain, the textile processing ratio is high, and the downstream printing and dyeing finishing investment is insufficient, which is bound to affect the digestion of upstream products.

Cotton textile processing industry has been overcapacity for a long time, and upstream cotton and other raw materials gap is bigger, prices continue to rise and downstream demand is slowing down. The profit of cotton textile industry is getting worse and worse, the overall industry profit margin is less than 3%, the investment scale of cotton spinning industry should be compressed, and the added value of products should be increased. At the same time, the investment will be appropriate to swim down, dyeing, finishing and processing.

Analysis

Clothing shoes and hat manufacturing industry accounted for 31% of the total investment in 1-6 months. The actual investment was completed by 39 billion 378 million yuan, and 406 of the construction projects were completed, of which the textile and garment industry actually invested 37 billion 620 million yuan.

The overcapacity of garment industry is normal, but there are still few clothing brands with influence in the industry. There are few brands with international influence. Industry investment is still concentrated on conventional production capacity, homogenization is serious, and brand building with high added value is lacking. In 1-7, clothing export growth slowed down to less than 10%, less than 8%. The major trade countries such as the United States, Hongkong, Japan and so on showed a negative growth in China's clothing imports, mainly due to the price effect brought by the appreciation of the renminbi. The investment structure of the clothing industry should be shifted to brand building instead of simple capacity expansion.

The proportion of investment in chemical fiber manufacturing industry is relatively high. In 1-6 months, the chemical fiber manufacturing industry actually completed investment of 12 billion 916 million yuan, and completed 48 construction projects.

The number of finished projects made of viscose fiber reached 12, and the investment was 2 billion 254 million yuan.

At present, the viscose industry has been overcapacity, and the profits of the industry have been declining. Compared with the same period last year, it is not the same as the same period last year. There are 27 projects in the construction of the new capacity, and the current situation of overcapacity is worrying. In the first half of the year, there are still 27 projects in the polyester fiber industry, of which 5 of the completed projects are completed, and the actual investment is 4 billion 100 million yuan.

The above data show that the investment in the fixed assets of textile industry has declined, and the actual investment has increased by less than 15%.

This year, domestic and foreign markets are facing grim situation, slowing demand growth, rising cost of raw materials, accelerating RMB appreciation and so on. This is completely different from last year's situation.

Textile resources Editor Li Jun believes that the textile industry has appeared from the southeast coast to the north-west part of the industry and sub regional gradient pfer, the growth of investment in some provinces and cities in mainland China has obviously accelerated. However, industrial pfer is only an expedient measure for the development of the textile industry. From a long distance perspective, the textile industry must achieve a healthy and sustainable development. It is by no means a short-term profit driven blind expansion of production capacity without considering the dynamic development of the industry. The upgrading of the industry is necessary. The export tax rebate callback of two percentage points has become a reality. The state increases the financial subsidy to solve the existing pressure of the industry, but it only brings a script src=> for the upgrading of the industry.