Wang Zhaoting: Promoting Healthy And Rapid Development Of Textile Industry

At the China Cotton Association's national cotton situation analysis conference held in September 15th, Wang Zhaoting, Minister of material supply department of Wei Qiao textile Limited by Share Ltd, introduced how Wei bridge textile industry can enhance the competitiveness of cotton textile industry under the current situation and promote the healthy development of cotton industry.

Wang Zhaoting first analyzed cotton prices in the previous year. industry chain Influence. He thought cotton prices rose sharply and collapsed last year, which caused a serious blow to the whole cotton industry chain. First, the cotton farmers were hit and the cotton farmers experienced the process of happiness and sadness. Some cotton growers are still hoarding cotton because they are reluctant to sell.

The cost of cotton planting is rising. If the purchase price of new cotton is lower than the purchasing and storage price, it will damage the enthusiasm of cotton planting next year. Two, it brings great difficulties to the production and operation of cotton textile enterprises, and the business risk is aggravated. Wei bridge continued to maintain a healthy balance of development through internal management and external market expansion. Sales revenue in the first half of this year was 8 billion yuan, down 3.3% from the same period last year, and realized a profit of 1 billion yuan, down 2.2% from the same period last year.

In order to maintain the healthy development of cotton industry, the key is to see the market situation of cotton spinning and weaving industry and the strength of international competitiveness. Cotton spinning Closely related to cotton industry. In recent years, such factors as high cost of raw materials, appreciation of the renminbi and rising financial costs have seriously weakened the competitiveness of domestic textile enterprises and exacerbated the loss of downstream orders. In the future, the global economic growth will slow down, the purchasing power of textiles will decline, and the resistance of China's textile and clothing exports will increase, which will affect the consumption of cotton, and the upward trend of cotton prices will face greater pressure.

Promote Cotton spinning The competitiveness of enterprises needs more arduous efforts and good policy support. Wei Qiao textile will focus on three aspects: first, continuously optimize the industrial structure and speed up the transformation of growth mode; two, strengthen independent innovation and promote product upgrading; three, constantly strengthen basic management, and strive to reduce production costs.

Wei Qiao textile made three policy recommendations: first, to strengthen the supervision of the cotton market; two, to increase the quota of cotton imports; three, to improve the tax policy and lighten the burden on the enterprises.