The Valuation Of Textile And Garment Exports Is At The Bottom Of History.

Affected by the weakening of international market demand, the slowing down of domestic market demand, and the large difference between domestic and foreign cotton prices,

Profits continued to decline and corporate deficit expanded.

Over the past 20% years, nearly 128.5% of the textile enterprises were losing money, and the amount of losses increased by 128.5% over the same period last year.

According to the data released by the Ministry of industry and Commerce on Friday, the total profit of textile enterprises above Designated Size reached 91 billion 700 million yuan in 1-5 months, down 2.4% from the same period last year, and the growth rate was 40.5 percentage points lower than that of the same period last year. The deficit of Enterprises above Designated Size reached 18.6%, 5.4 percentage points higher than that of the same period last year, and the deficit of loss making enterprises increased by 128.5% over the same period last year, and the growth rate increased by 122 percentage points over the same period last year.

The Ministry of industry and Commerce expects that textile enterprises will still be in a difficult position in the second half of the year.

Exports will continue to grow at a low level, and the overall efficiency of the industry will decline sharply compared with the previous year. The loss of enterprises and the loss of deficit companies will be expanded. More small and medium-sized enterprises will face the risk of being eliminated.

The central bank cut interest rates for the two time in a month, easing the financial pressure of the textile industry to a certain extent.

Data show that, in 1-5 months, the interest expenses of textile enterprises above designated size increased by 28.6% over the same period last year, 18.4 percentage points higher than that of the main business revenue during the same period, while the growth rate of interest expense in the same period last year was only 6.8 percentage points higher than that of the main business revenue.

Industry analysts believe that

With the double interest rate cut, more "steady growth" measures are expected to come out, and the stable domestic economic situation will become an important support for the operation of the industry.

Tan Ke, a researcher at Dongxing securities textile and garment industry, believes that under the environment of short term improvement in domestic demand, exports have shown signs of slow recovery. The corresponding valuation of textile and garment export varieties is at the bottom of history. Once the recovery trend is further confirmed, it is expected to win over the plate, and we can pay close attention to the fine quality and high export varieties.

According to the Ministry of industry and information technology, exports of textile enterprises continued to grow.

In 1-5 months, China's textile and apparel exports were US $90 billion 600 million, an increase of 2.1% over the same period last year, which is lower than the 8.7% growth rate of the total merchandise exports of the whole country. Textile exports increased by 1.4% over the same period last year, and clothing exports grew 2.5% over the same period last year.