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About 60% Garment Enterprises In Pinghu Are Shrinking Due To Export Orders.

2011/10/28 9:06:00 35

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Export Orders Have Shrunk Dramatically. 60% Of Pinghu'S Clothing Companies Are Not Satisfied.

Pinghu, Zhejiang, one of the important export bases of Chinese clothing, is now in the region.

clothing

The operation of an enterprise can be described in two words: "gloomy".

An entrepreneur in Pinghu, Zhejiang, said: "Pinghu is not.

Order

There are probably more than 200 enterprises that have gone bankrupt. At least I have identified dozens of them.

He told reporters that the failure is not all private small workshops, many of which are 100-200 person scale factories.

cost

Too high, it can only be closed down. In the first half of this year, there was a loss of the whole industry in Pinghu, which was more severe in the second half of the year than in the first half.

Another OEM operator said: "60% to 70% of garment enterprises in Pinghu do not have enough orders to start."

There are about 1600 garment enterprises registered in Pinghu. Most of them are processing modes of raw materials processing. After processing, they are delivered to customers' exports.

Data from the Pinghu development and Reform Bureau showed that in the first half of this year, as one of the pillar industries in Pinghu, the apparel industry profits fell by 76% over the same period last year.

According to data from another government department in Pinghu, as of May this year, the entire garment industry in Pinghu accumulated a total loss of 21 million 770 thousand yuan.

A head of an enterprise with an annual income of over 100 million yuan said: "we used to eat dry rice, and only eat porridge this year. Our profits last year were 4 million to 5 million yuan, less than 1 million yuan this year.

You think cotton is down from 30 thousand yuan per ton to 20 thousand yuan this year. Although the cost of raw materials is low, other labor, financial costs and pportation costs have not dropped or even improved.

Wang Qian, an analyst, said: "according to the enterprises in Jiangsu, Zhejiang and Guangdong, the factory recruitment is only 7~8 in the past year, or less than 5.

Following the sharp increase in wages last year, the Yangtze River Delta and the Pearl River Delta have seen a 20% - 30% wage increase this year, showing a trend of continuous rigid upward trend.

In addition, the frequent tightening monetary policy has led to a rapid increase in the cost of textile and clothing financing and a significant increase in interest expense.

According to China's first textile network data, in 2011 1-6 months, the financial cost of China's textile industry increased by 35.36% over the same period, much higher than that of the main business revenue growth (30.50%) 4.86 percentage points.

Interest expense increased by 37.77% over the same period last year.

Not only is the export of small and medium-sized garment enterprises under pressure, even though YOUNGOR's stronger garment enterprises are also facing the pressure of shrinking performance, YOUNGOR clothing exports in the first half of this year amounted to 1 billion 49 million yuan, compared with 1 billion 340 million yuan in the same period last year, reducing nearly 300 million yuan.

Customs data show that in 1-9 months of this year, the total export volume of Chinese clothing and accessories reached US $115 billion 230 million, an increase of 23.3% over the same period last year.