Homogenization Overcapacity Textile Enterprises In Trouble

Zhejiang Zongheng group's capital chain breaks down Collapse 。

Industry insiders pointed out that the majority of domestic textile enterprises excessively pursue scale and despise the improvement of their own ability financial crisis The main reason for the fracture of Shizi gold chain. In addition, the homogenization of the textile industry overcapacity also led to the industry recently into business difficulties.

After Hualian Sanxin, Asia's largest PTA enterprise, stopped production at the end of September, Zhejiang Zongheng group, another leading enterprise in Shaoxing, Textile City, recently broke its capital chain. Preliminary capital verification showed that Zongheng group was insolvent and had a deficit of 2.3 billion yuan. The chairman of the company was under surveillance.

According to statistics, since 2008, some Textile industry Most of the regions, such as Shaoxing in Zhejiang Province, Tangqiao town in Zhangjiagang in Jiangsu Province, Dongguan City in Guangdong Province, and so on, have been seriously affected. Leading enterprises such as Hualian Sanxin, Jianglong holding, Jinxiong Textile Group, Wuhuan spandex and other leading enterprises have been shut down and on the verge of bankruptcy. Wang Qianjin, chief editor of the first textile network, pointed out that there is a common feature behind the series of events, that is, textile enterprises have indeed fallen into unprecedented difficulties.

Wang Qianjin said that there are many in China Textile enterprises All of them pursue the scale too much and do not strengthen the ability, and rely on bank loans to maintain the superficial prosperity of enterprises. Once such enterprises with unhealthy business structure encounter such problems as the sharp deterioration of domestic and international economic situation, the decline of industry prosperity, and the national monetary tightening in 2008, they will also suffer a devastating blow. Although in order to support the struggling textile industry, the government has used almost all the policy tools, including increasing the export tax rebate rate, adjusting the processing trade policy, tax reduction, interest rate reduction and so on, the industry prosperity has not been significantly improved.

Wang Qianjin stressed that when local governments rescue enterprises on the verge of bankruptcy, they need to address both the symptoms and the root causes. They must recognize that the essence of the current plight of the textile industry is homogenization, serious overcapacity, and the global economy financial crisis This process is only exacerbated in advance.

Therefore, in order to solve the urgent needs of enterprises and slow down the impact of the rapid cooling down of the industry or the collapse of enterprises, it is also necessary to lay a foundation for long-term development, resolutely eliminate some uncompetitive production enterprises and prevent new potential crises in the future.

Data released by the National Bureau of statistics on December 10 showed that China's November review of this article (0) other comments initiated topics (0) relevant information (0) producer price index (PPI) of the financial information community (0) increased by 2% over the same period of last year. The sharp drop in the year-on-year growth rate of PPI is a lagging reflection of the economic downturn. Deflation is often accompanied by a large fluctuation of PPI. At present, we need to pay close attention to the risk of deflation.

In addition, the industry expects that the growth rate of industrial added value, which is the best indicator of enterprise operation, may slow down to 5% in November, the lowest year-on-year increase in 14 years. The new low growth rate of industrial added value undoubtedly means the entry of macro economy“ severe winter ”。 Under the background of long-term overselling and inventory expansion, textile enterprises will enter the first 10-year period of inventory expansion, and the phenomenon will also be prominent in the first 10 years.

Editor in charge: vivi