Ministry Of Industry Issued The First Half Of The National Textile Industry Operation

This year, China's textile industry has responded positively to Japan's earthquake, North Africa's turbulence, slow recovery in developed economies, increased interest rates and reserve requirement ratio, appreciation of the renminbi, cotton and so on. raw material Price fluctuations, labor and energy costs and other adverse factors, through changing the way of development, and constantly improve the level of technology, management and marketing, production, exports and profits grew steadily in the first half of the year, but the growth rate slowed down. Cotton spinning industry was affected by the fluctuation of cotton prices, and some small and medium-sized textile enterprises were operating difficultly.

1. The overall operation of the industry is generally good.

(1) production has maintained rapid growth.

In the 1-6 month of 2011, the industrial output value of textile enterprises above Designated Size reached 23938 billion yuan, up 30% over the same period last year. The industrial added value of Enterprises above designated size increased by 9.9% compared with the same period last year, and the growth rate dropped 2.3 white points year-on-year. The rate of production and marketing reached 97.6%, which was basically the same as that of the same period last year.

In 1-6 months, the output of chemical fiber production in textile enterprises above Designated Size reached 16 million 260 thousand tons, an increase of 15.3% over the same period last year. The output of chemical fiber increased by 20% in June compared with that in April and May. The yarn production increased by 13 million 410 thousand tons, an increase of 11.2% over the same period last year, and the yarn output increased by 13.4% over the same period last year. The growth rate in June increased by 6.3 or 4.8 percentage points in April and May, respectively. The output of cotton increased by 13.4% over the same period last year, and the output of the textile products increased by a year earlier.

(two) investment has maintained steady growth. chemical fiber Investment growth slowed down

In 2011 1-6, the total investment of China's textile enterprises over 5 million yuan was 295 billion 600 million yuan, an increase of 37.6% over the same period last year. Among them, the cotton textile industry invested 75 billion 400 million yuan, an increase of 46.2% over the same period, an increase of 12.4 percentage points compared with the first quarter; the chemical fiber industry invested 30 billion 300 million yuan, an increase of 53.3% over the previous year, the growth rate dropped 55.7 percentage points from the first quarter; the clothing industry invested 88 billion 600 million yuan, an increase of 40.1% over the previous year, and the growth rate increased by 6.8 percentage points over the first quarter.

(three) good sales and steady economic growth.

2011 1-6, clothing shoes and hat needle textile The retail sales above the class limit amounted to 372 billion 700 million yuan, an increase of 23.9% over the same period last year, and the growth rate increased by 0.1 percentage points over the same period last year. The export of textiles was US $45 billion 900 million, an increase of 28.8% over the same period last year. The growth rate was 3.5 percentage points lower than that of the same period last year. The export of garments and accessories reached US $65 billion 800 million, up 23.7% over the same period last year, and the growth rate increased by 7.7 percentage points over the same period last year. In 1-5 months, the total profit of textile enterprises above Designated Size (including textile machinery) amounted to 97 billion 700 million yuan, up 42.9% from the same period last year, with a profit margin of 5.1%.

Two, problems facing

(1) the fluctuation of cotton prices has a great impact on the textile industry.

Since March, prices of textile raw materials such as cotton have continued to decline, and in July 20th cotton prices (level 328) were 21396 yuan / ton, which is 31.5% lower than this year's peak. Large fluctuations in cotton prices have a greater impact on the textile industry. First, the wait-and-see atmosphere is strong, which affects the confidence of the industry. Cotton prices continue to fall, resulting in the back road enterprises do not dare to order, to increase the stock intention, the whole industry chain sales sluggish. The two is the increase in inventory and the decrease in operating rate. According to our survey in Xinjiang, cotton textile enterprises generally doubled their inventories, and some enterprises' inventories reached 3 months, an increase of 2 times. Cotton textile industry association sampling survey, cotton spinning industry capacity utilization rate of about 80% (more than 95% last year), production and sales rate is only 87%. The three is the sharp compression of profit space. At present, the price of 32 cotton yarn is 29500 yuan / ton, even if the cotton is purchased at the current price, the loss of ton yarn will reach 1000 yuan.

(two) the pressure of production cost plus the trend of transfer of ambassadorial orders is more and more obvious.

The rise of labor costs, appreciation of RMB, fluctuation of raw material prices, and increase of loan interest rates have increased the operating costs of enterprises and affected the international competitiveness of textile enterprises. In 1-5 months, the number of garments imported from the United States increased by 6.3% over the same period last year. The number of garments imported from China decreased by 0.8%. The number of imported garments from Vietnam, Bangladesh and Indonesia increased by 17.8%, 15.8% and 17.5% respectively. The number of imported cotton products from the United States decreased by 6.1% over the same period last year. The number of imports of cotton products from China decreased by 13.4%, and the number of imported cotton products from Vietnam, Bangladesh and Indonesia increased by 9.4%, 9.1% and 10.1% respectively. The number of imported wool products from the United States increased year by year, and the number of imported wool products from China decreased, and the number of imported gross products from Vietnam, Bangladesh and Indonesia increased respectively. This shows that the competitiveness of China's textile and clothing in the international market has declined, and some orders have been transferred. Many enterprises reflect that the order this year dropped by about 20%.

(three) textile enterprises are facing difficulties in financing and increasing financing costs.

Since the beginning of this year, the central bank has raised the deposit reserve ratio for the 6 time, and the deposit reserve ratio of large and medium-sized financial institutions has reached a high level of 21.5%. This year, the benchmark interest rate for one-year lending and lending in China's financial institutions has increased by 0.75 percentage points. The increase of the reserve ratio and interest rate not only increases the difficulty and cost of bank financing, but also raises the financing interest rate of private credit funds, which is especially serious for some small and medium-sized textile enterprises which are mainly financing by private banks. 1-5 months, the interest rate of textile industry increased by 37.8% compared with the same period last year, which is 6.7 percentage points higher than that of main business revenue.

Three, the trend of textile industry in the second half of 2011, {page_break}

The textile industry will continue to grow in the second half of this year, but the risk of steady growth will increase. First, the growth of international market demand will slow down. Political turmoil in some parts of the world and natural disasters in some areas have led to an increase in Global trade risk. The European debt crisis and the high US fiscal deficit will drag the recovery process of the world economy, and the global economy will continue to recover, but the pace will slow down. Two, the domestic demand market will continue to maintain rapid growth. With the improvement of people's income and the acceleration of urbanization, the domestic demand market will continue to maintain a relatively fast growth. However, influenced by inflation and other factors, the consumption capacity of textile and clothing will be affected. Three, the factors that restrict steady growth are increasing. The sharp reduction of cotton and other textile raw material prices has reduced the profit margins of enterprises; the high base in 2010 made it difficult to maintain a high growth rate this year; the current cost pressures of textile industry were prominent, cotton and other textile raw materials were highly oscillating, labor and energy prices continued to rise, credit policies gradually tightened, and the terminal price transmission of products was lagging behind and unsmooth. Above all, the growth rate of the industry will decline compared with the first half of the year.