Analysis Of Economic Operation Data Of Cotton Textile Industry In The First Half Of 2011

In the first half of this year, China

The feelings of enterprises are also reflected in the weakening of a series of data and indicators.

In spite of the new statistical method, the data of the National Bureau of statistics above the standard of Enterprises above designated size is annual sales income of more than 20 million yuan, and its economic indicators are difficult to reflect the actual operation of small and medium-sized enterprises. However, through the analysis of relevant data, we can still see the current difficulties faced by the industry.

The pressure of pformation and upgrading of China's cotton textile industry is more prominent.

The total output of gauze is steadily increasing.

According to the statistics of National Bureau of statistics, China's scale is above the first half of 2011.

Yarn production growth rebounded slightly, cloth production growth continued to slow down.

According to the National Bureau of statistics, in the first half of 2011, the yarn production of 3909 large scale spinning enterprises in China reached 13 million 413 thousand tons, an increase of 11.14% over the same period last year, and 3586 of the above scale weaving enterprises completed 28 billion 340 million tons of cloth production, an increase of 15.36% over the same period last year.

Compared with the cumulative growth rate of 1~5 over the same period, the growth of yarn production rebounded slightly, and the trend of slow growth in cloth production did not change, but the slowdown slowed down somewhat.

In June, the output of single month yarn was 2 million 608 thousand tons, the output of single month cloth was 5 billion 560 million meters, and the growth of the chain grew by more than 8%.

The yarn and cloth production areas continue to move to the central and western regions.

Compared with last year, enterprises in the central and western regions above Designated Size

Profit margins and production and sales rates fall.

In the two months of April and May, the average profit margin of cotton textile enterprises was only 4.90%, and the average production and marketing rate dropped to 97.90%, reaching the lowest level since the fourth quarter of 2009.

According to the statistics of 1~5 in 2011 of the National Bureau of statistics, the number of Enterprises above Designated Size (hereinafter referred to as cotton textile enterprises) in China's cotton textile industry is 8725, and the deficit is 9.25%, of which the deficit in May is 113.3% higher than that in April.

1~5 month, the total industrial output value of cotton textile enterprises in China (current price) was 584 billion 570 million yuan, an increase of 34.9% over the previous year, and the value of export delivery was 44 billion 780 million yuan, an increase of 22.7% over the same period last year. The main business income was 570 billion 900 million yuan, an increase of 34.8% over the same period last year. The total profit was 29 billion 890 million yuan, an increase of 49.7% over the same period, and the growth rate of these indicators slowed down compared with the first quarter.

1~5 month, the main business cost, the main business tax and additional year-on-year growth of 34%, 26.2%, business, management, financial costs increased to 23.4%, 29.3%, 43% respectively.

The main business and tax growth slowed by about 7 percentage points compared to the first quarter, and the growth rate of management and financial costs in three fees accelerated, especially the growth rate of financial costs increased significantly.

It can be seen that the adjustment of the national macro monetary policy has great influence on the cotton textile enterprises, which has brought great pressure to the capital turnover and cost of the enterprises.

The profit margin of cotton textile industry in 1~5 month was 5.26%, slightly lower than that in the first quarter, and the average profit margin in April and May was only 4.90% in two months.

1~5 month cotton textile industry production and sales rate of 98.11%, slightly lower than the first quarter, in April and May, the average production and sales rate dropped to 97.90%, reaching the lowest level since the fourth quarter of 2009.

Restorative growth of new projects

In the first half of this year, the number of new construction projects totaled 1752, an increase of 3.4% over the previous year, and 1091 completion projects, an increase of 36% over the previous year.

According to the National Bureau of statistics, in the first half of 2011, China's cotton and chemical fiber textile processing industry (including 5 million yuan and above urban and rural fixed assets investment) actually completed investment of 75 billion 410 million yuan, an increase of 46.19% over the same period last year, accounting for 46.3% of the textile industry investment.

In the first half of this year, the number of new construction projects totaled 1752, an increase of 3.4% over the previous year, and 1091 completion projects, an increase of 36% over the previous year.

From the single month situation in June, compared with the single month in May, the actual investment amount has increased by 25.5%, the number of new projects has increased by 31.2%, and the number of completed projects has increased by 12.3%.

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Decline in import and export of cotton textiles

According to data from the General Administration of customs, China's cotton textile and apparel exports totaled US $34 billion 171 million in 2011, an increase of 23.72% over the same period last year, slowing down compared with 1~4 months, and the trade balance of US $31 billion 181 million, an increase of 24.21% over the same period last year.

Cotton textile trade has slowed down.

According to the data of the General Administration of customs, China's cotton textile and apparel exports totaled US $34 billion 171 million in 2011, an increase of 23.72% over the same period last year, which was slower than that in 1~4 months. The trade balance of US $31 billion 181 million was 24.21% higher than that of the same period last year. The main reason is that the cost of raw materials and other products has increased significantly over the past year and the appreciation of RMB has accelerated. This has resulted in an increase in export prices and a rise in the surplus.

Among them, the total export of cotton textiles was 11 billion 3 million US dollars, an increase of 30.15% over the same period last year, 4 percentage points slower than that in 1~4 months, and the total export volume of cotton garments was 23 billion 168 million US dollars, an increase of 20.88% over the same period last year, a slight slowdown compared with that of 1~4 months.

In terms of imports, 1~5 cotton textile and apparel imports totaled US $2 billion 990 million in 2011, an increase of 19.01% over the same period last year, a marked slowdown compared with 1~4 months.

The total imports of cotton textiles amounted to US $2 billion 436 million, an increase of 13.48% over the same period last year, which is 5 percentage points slower than that in 1~4 months. In May, imports in April decreased by 14 percentage points compared with that in April, mainly due to the sluggish domestic market and the lack of downstream demand. The total imports of cotton garments amounted to US $553 million, an increase of 51.5% over the same period last year, the same as that of the 1~4 month.

Imports and prices of raw cotton are falling.

In 2011 1~5, China's total imports of raw cotton totaled about 1 million 205 thousand tons, down 11.75% compared to the same period last year. In May, the monthly import volume decreased by 31.30% compared with that in April.

As of May 31, 2011, 2010/2011 cotton imported 2 million 90 thousand tons of raw cotton in China.

The total export volume of chemical fiber staple was 526 thousand and 800 tons, an increase of 87.31% over the same period, and the total import volume was 199 thousand tons, an increase of 4.77% over the same period last year.

The import and export volume of cotton yarn has declined rapidly, but it is still in deficit.

China's cotton yarn imports totaled 357 thousand and 500 tons in 1~5 months in 2011, a decrease of 25.49% compared with the same period last year. The decline was further larger than that in 1~4 months; the total export volume was 208 thousand and 600 tons, a decrease of 13.01% over the same period last year, and the decline was also more than 1~4 months, indicating that domestic and international markets were affected by the sharp fluctuations in cotton prices, and demand fell by two times.

The export of chemical fiber staple yarn is enlarged and the surplus is remarkable.

Chemical fiber short fiber yarn imports totaled 46 thousand and 900 tons, down 6.41% compared with the same period last year, the decline is larger than that of 1~4 months, further validating the weak market demand; the total export volume of 268 thousand and 600 tons, up 21.61% over the same period last year, indicating that the demand for low-end chemical fiber yarn in the international market is rising.

Exports of cotton fabrics showed a downward trend.

In 2011, 1~5 cotton textile exports totaled 5 billion 460 million meters in China, a slight increase of 1.3% over the same period last year, a decrease of 7.13% in May, a total of 2 billion 540 million meters, and a growth rate of less than 1%.

The two categories of fabric export unit prices still maintained a high growth rate, the growth rate was 43% and 35% respectively. The annual growth rate of the import unit price was about 20%.

Judging from the export situation of sub varieties, the total export volume of China's cotton fabric in mid 2011 was 870 million and 750 million meters, respectively, which increased by 12.15% and 11.27% compared to the same period in 2011. The growth rate of grey fabric exports slowed by nearly 10 percentage points over that of 1~5 months.

Cotton price fluctuations cause trouble

According to the investigation by the relevant organizations, the stock of cotton textile enterprises has increased by 1 times, and some enterprises' stock has reached 3 months, an increase of 2 times.

According to the field investigation of China Cotton Textile Industry Association, entrepreneurs generally feel that the current difficulties are greater than the financial crisis period. There are many unfavorable factors and uncertain factors in the market.

The instability of cotton prices is still the most important problem in the industry, and the decline of cotton grades is more serious.

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 the investigation by the relevant organizations, the stock of cotton textile enterprises has generally doubled, and some enterprises' stock has reached 3 months, an increase of 2 times.

The cotton textile industry association of China has made a sampling survey. The cotton textile industry has a capacity utilization rate of about 80% (more than 95% last year), and its production and marketing rate is only 87%.

The three is the sharp compression of profit space.

At present, the price of 32 cotton yarn is 27400 yuan / ton, even if the cotton is purchased at the current price, the loss of ton yarn will reach about 1000 yuan.

Order pfer trend is obvious

In 1~5 months, the number of imported cotton products from the United States dropped by 6.1% over the same period last year. The number of imported cotton products from China dropped 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 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.

The adjustment of cotton prices and the adjustment of macro policies such as money and industry have made enterprises more cautious in their orders, and even have to give up long lists and large orders.

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 imported cotton products from China dropped 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 by 12.7% over the same period last year.

This shows that the competitiveness of China's textile and clothing in the international market has declined, and some orders have been pferred. Many enterprises reflect that the order this year dropped by about 20%.

Increase in financing costs

1~5 months, cotton textile enterprises main business costs, main business taxes and additional year-on-year growth of 34%, 26.2%, business, management and financial expenses grew by 23.4%, 29.3%, 43%, respectively, textile enterprises interest payments grew 37.8% over the same period.

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Since the beginning of this year, the central bank has raised the deposit reserve ratio for the 6 time; the one-year deposit and loan benchmark interest rate 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 textile industry interest expense increased by 37.8% over the same period last year, which is 6.7 percentage points higher than that of main business revenue.

The phenomenon of small and medium-sized enterprises shutting down is serious, including large enterprises, including the decline in operating rate.