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    The Growth Rate Is Falling Faster, And The Loss Of Textile Enterprises Is Expanding.

    2012/7/27 8:14:00 17

    Textile IndustryOperation SituationLoss

      

    7 in the first half of 2012, the Ministry of Industry issued the analysis report of China's textile industry's operation situation, which was weakened by the international market demand, and the domestic market demand growth slowed down. Internal and external cotton difference The price of China's textile industry has shown a downward trend. The growth rate of the textile industry has obviously declined, the export volume has decreased, the business efficiency has declined, and the front-end of the industrial chain (cotton spinning and chemical fiber) has increased. It is expected that the textile industry will not be able to improve significantly in the second half of this year.


       The growth rate is dropping faster, and the deficit is expanding.


    Production grew at a low speed, and its growth rate dropped rapidly. In 1~5 months, the textile enterprises above Designated Size achieved a total industrial output value of 21449 billion yuan, an increase of 11.8% over the same period last year. The growth rate dropped by 18.3 percentage points over the same period last year, and the production and marketing rate was 97.3%, a slight decrease compared with the same period last year. In 1~5 months, yarn production increased by 14.1% over the same period last year, and the growth rate increased by 4 percentage points over the same period last year.


    The output of chemical fiber increased by 15.1% compared with the same period last year, the growth rate dropped 0.3 percentage points from the same period last year, and the output of cloth increased by 11.6% compared with the same period last year. The growth rate dropped by 4.1 percentage points compared with the same period last year. The clothing output increased by 7.2% over the same period last year, and the growth rate dropped by 4.7 percentage points over the same period last year.


    Exports continued to grow and domestic demand growth declined. 1~5 months, China's textile and apparel exports amounted to 90 billion 600 million US dollars, 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% compared to the same period last year, and clothing exports increased by 2.5% over the same period last year. The retail sales of clothing, shoes and hats and needle textiles increased by 16.2% compared with the same period last year, and the increase was 7.3 percentage points lower than that of the same period last year.


    Investment growth slowed down, and investment in central and western regions continued to increase. 1~5 months, China's textile industry has completed more than 5 million yuan and fixed assets investment of 261 billion yuan, an increase of 18.5% over the same period last year, the growth rate dropped 17.7 percentage points from the same period last year, lower than the 1.6 percentage points of the fixed asset investment growth in the same period, 5759 new projects, 2.9% less than the same period. In 1~5 months, the investment in the central region increased by 21.5% over the previous year, accounting for 29.4% of the national total, representing a 0.7 percentage point increase over the same period last year. The investment in the western region increased by 28.4% over the same period last year, accounting for 7.8% of the total proportion of the whole country, representing a 0.6 percentage point increase over the same period last year.


    Profits continued to decline and corporate deficit expanded. In 1~5 months, the total profits of textile enterprises above Designated Size amounted to 91 billion 700 million yuan, 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 128.5% over the same period last year, and the growth rate increased by 122 percentage points over the same period last year. Among them, the profit of chemical fiber industry dropped by 50.1% compared with the same period last year, and the profit of cotton spinning processing industry dropped by 5.9% compared with the same period last year.


    Insufficient demand is the main problem.


    Market demand is insufficient. At present, the macroeconomic situation at home and abroad is in a downward trend as a whole. The impact of the European sovereign debt crisis is still spreading, and the subsequent impact of the international financial crisis continues to emerge. The international market remains in a slump and there is a big uncertainty in the outlook. The global import volume of textile and clothing in 2011 increased by 8.6% over the previous year, while 1~4 increased by only 3.4% this year. EU demand declined significantly, and China's exports to the EU fell by 11.2% in 1~5 months. The domestic market is also affected by factors such as high prices and lack of market confidence.


    Domestic and foreign cotton spreads continue to expand. Since the fourth quarter of last year, the difference between domestic and foreign cotton prices has been widening. As of July 5th, cotton prices at home and abroad were about 4500 yuan / ton. The increasing price difference between domestic and foreign cotton has seriously weakened the international competitiveness of China's textile industry. 1~5 cotton exports decreased by 9% compared with the same period last year, cotton yarn imports increased by 78% compared to the same period, the imports of pure cotton fabrics increased by 133% compared to the same period last year, and the export volume of cotton products decreased by 3.4% compared to the same period last year. The cotton mill of China Cotton Textile Association has seen a loss of 40% of its textile products, and less than 30 thousand spindles of spinning enterprises have cut production and production close to 50%. Xinjiang is mainly producing cotton spinning primary products. At present, the loss of textile enterprises has reached 65%, the sales revenue of the whole industry has dropped by 25%, and the loss of the whole industry has exceeded 300 million yuan. {page_break}


    Competition in the international market intensified. Influenced by the increase of China's comprehensive factor cost and the enhancement of textile competitiveness of neighboring countries, part of the purchase orders in the international market flow to Southeast Asian countries. clothing The market share of products declined. According to us customs data, the proportion of textiles and clothing imported from the United States accounted for 36.1% of its imports from the world in 1~4 months, representing a decrease of 4.04 percentage points compared with that in 2011. According to Japanese customs data, the total import of textiles and clothing from Japan in China accounted for 73% of the total imports from the world in 2011, down 1.95 percentage points from 2011. Over the same period, India, Vietnam, Bangladesh and other countries increased their share in the US and Japan markets.


    Financing costs remain high. 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 was only 6.8 percentage points higher than that of main business revenue during the same period last year. With the rapid growth of production and sales, a large amount of interest expense has become another bottleneck restricting the development of textile enterprises.


       The downturn will continue in the second half of the year.


    Judging from the global situation, the international economic situation is still not optimistic, there are unstable factors in the political situation, regional regional turbulence is frequent, and the international demand downturn will continue. From the perspective of the development environment of the industry, labor costs and other problems such as continuous increase in production costs and financing difficulties can hardly be improved in the short term. The difference between domestic and foreign cotton prices is still widening, and the development environment of the textile industry is still grim. Judging from the domestic economic situation, following the double reduction of deposit rate and interest rate, more "steady growth" measures are expected to come out, which may promote China's domestic economic situation to stabilize and improve, and become an important support for the industry's trend of operation.


    Overall, the second half of the year. Textile enterprises It will remain in a more difficult position. Textile and clothing exports will continue to grow at a low level. The overall growth of the industry will decline sharply compared with the previous year. The deficit and loss of the deficit companies will be expanded, and more small, medium and micro enterprises will face the risk of being eliminated.


     

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