Textile Industry: Multiple Pressure Indicators Increase Steadily And Slow Down

Recently, the Ministry of industry of China Textile Industry Association and China

The report points out that since the beginning of this year, the main operational indicators of China's textile enterprises above Designated Size have maintained a relatively fast growth trend, but under the pressure of many pressures, the growth rate of key indicators has slowed down month by month.

First, statistics.

Secondly, the industry.

Among them, the 1~5 growth rate of chemical fiber industry decreased by 42.53 percentage points compared with the first quarter, and the printing and dyeing industry dropped by 16.80 percentage points.

At the same time, the pace of structural adjustment of investment accelerated, and the investment in central and western regions increased significantly.

In 1~5 months, the investment in the central and western regions increased by 59.82% and 41.18% respectively, up by 32.76 percentage points and 14.12 percentage points higher than that in the eastern region.

Meanwhile, the proportion of investment in the central and western regions has continued to increase.

1~5 months, the central region accounted for 29.31% of the national investment ratio, 4.33 percentage points higher than the same period last year, and the western region accounted for 7.17% of the national investment ratio, representing a 0.26 percentage point increase over the same period last year.

Third, textile and garment exports grew faster and slowed down.

In 1~6 months, China's textile and clothing exports totaled US $111 billion 725 million, up 25.73% over the same period last year, and the growth rate increased by 3.69 percentage points over the same period last year, down 0.47 percentage points and 1.32 percentage points respectively over the first 5 months and the first 4 months.

In the first 6 months, the export volume exceeded 4 US dollars in a single month in 4 months.

The concrete performance is: the textile clothing export price promotion contribution is prominent, the quantity growth rate obviously drops.

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1~5 months, textile and clothing exports

Fourth, domestic market growth is still important for industry development.

Fifth, industry profit growth has dropped.

In 2011 1~4, the total profit of the industry increased by 46.89% over the same period last year, down 10.70 percentage points and 6.68 percentage points from the first two months and the first quarter respectively.

Among them, the profit growth rate of chemical fiber industry dropped most obviously, 1~4 month growth rate dropped 26.32 percentage points compared with 1~3 months, wool textile industry, silk industry, cotton spinning industry also fell faster.

At the same time, the profit margin of the 1~4 industry reached 5.12%, 12.02% higher than that of the same period last year, and the profit margins of cotton spinning, chemical fiber, garment and textile machinery industry were above the average profit rate.

Enterprises below the scale are running poorly, and the growth rate of corporate sales revenue and profit is only a single digit growth, far below the growth level of Enterprises above designated size.

The report analyzes the main factors affecting the development of the industry in the second half of this year.

Judging from the international situation, the global economic recovery in the second half of 2011 is still lacking new growth momentum. In order to expand the money supply and increase the growth mode of stimulating demand by the government, there is a lack of sustainability. The employment improvement in the developed economies is still slow, and the trend of deterioration has been in the near future.

Judging from the domestic situation, in the second half of this year, affected by industrial decline and slowing economic growth, the implementation of domestic monetary policy will shift from emphasizing the effectiveness of curbing inflation to paying attention to maintaining the stability of economic growth, and the orientation of monetary policy will be finely adjusted to "relative tightening and directional easing".

Textile small and medium enterprises at this stage, most of the level of profitability is not optimistic, will largely affect the enthusiasm of bank lending, the overall financing environment is still tight, financing costs will continue to improve.

Growth rate, especially with the adjustment of raw material prices, will probably slow down the growth of export prices in the second half of the year, or will drive the total export growth of the industry to further slow down; the domestic demand market will remain stable overall, and the annual growth rate of clothing retail sales will still exceed 20%. Under the influence of high prices and macro-economic downturn, the growth rate of the clothing commodities will be slowed down compared with the previous year. The prices of raw materials such as cotton and chemical fiber will continue to show a downward trend in the future, and the cost pressures of the downstream enterprises will gradually decrease. The upstream enterprises may be faced with problems such as insufficient demand and poor sales. The overall growth of production, sales and profits will continue to slow down, and the industry will continue to face higher external risks. Enterprises must strengthen risk control and enhance their resilience so as to maintain stable and healthy development of the industry. The report forecasts the industry trend in the second half of the year, and the international market demand is difficult to improve rapidly in the second half of this year, which will affect the export volume of the industry.