Industry Analysis: Production And Sales Of Textile Machinery Continued To Grow In 2011

In 2011 1-9, sales revenue of textile machinery products totaled 29 billion 953 million yuan, an increase of 10.44% over the same period last year.

Realization

Judging from the economic operation of the textile machinery industry in 1-9 2011, the impact of the economic operation of the textile industry, especially the well-known textile trade frictions and textile export tariffs, has dampened investor confidence.

Textile machinery production and

Although the tension of coal and electricity has been alleviated, steel prices have begun to fall, but this year, the textile machinery industry is still beset by coal and oil pportation and raw material prices. In the first three quarters of this year, the price of coal and electricity increased by 15%.

Product production and sales have maintained a certain proportion of growth. In the fierce competition of textile machinery market, the increase of these costs can hardly or rarely be digested in the promotion of product sales prices, and the economic benefits increase slowly.

In the 1-9 months of 2011, the total profit of the whole industry was 1 billion 505 million yuan, a slight decrease compared with the same period last year, a decrease of 0.37%.

The profit margin of output value is only 4.66%, down 0.60 percentage points compared with the same period in 2004.

The characteristics of regionalization are obvious that five provinces and cities account for more than 80% of the total.

In 2011 1-9, sales rate of textile machinery industry was 96.51%, an increase of 0.41 percentage points over the same period.

Five provinces and cities in Jiangsu, Zhejiang, Shandong, Beijing and Shanghai accounted for 80.73% of the total sales revenue of the whole industry.

China Textile Machinery Group achieved sales revenue of 4 billion 830 million yuan, accounting for 18.96% of the industry, ranking second.