Before May, Shoe Clothing And Other Light Industry Profit Growth Declined.

Ningbo Meng Heng Group, the largest garment accessories manufacturer in China, is an important task this year. It is to develop the domestic two or three tier market and develop the provincial and county markets.

Jin Huawei, director of its domestic market, told reporters that such a practice is really inevitable. "This year, textile and garment industry is generally not seen as a boom last year."

Meng Heng Group's sales volume in 2007 was US $200 million, and its main products were sold to Latin America and Africa and the Middle East. Although the impact of the US economic downturn is not large, the sales growth of the group is relatively slow this year, due to the increase in labor costs and the rise in the cost of chemical fibers due to the rise in oil prices. Up to now, the sales volume is only about US $100 million.

The situation of Meng Heng is representative in Chinese enterprises this year.

According to the data released by the National Bureau of statistics in June 27th, in the first 5 months of this year, the industrial enterprises above Designated Size (annual revenues of more than 5 million yuan) achieved a profit of 10944 billion yuan, an increase of 20.9% over the same period last year.

The increase is about 20 percentage points lower than that of last year, but it has picked up compared with the 16.5% increase in 1-2 this year.

The source of economic benefits of the National Bureau of statistics, Changjiang, pointed out to our correspondent that the economic benefits of the first 5 months showed that the economic benefits were better than expected. The first 2 months of this year may not be ideal, but may be affected by snowstorms. The second half of the year is expected to grow steadily. However, different industries have different influences. At present, the fastest growth of profits is heavy industry, while light industry is more affected.

The 34 industry profit growth data show that in the first 5 months of this year, 34 industries still have growth status except for some industries that have entered the statistics of 39 industries.

There are 3 industries with reduced profits, namely, the electric power industry, the chemical fiber industry, the petroleum processing industry and the coking industry.

Among them, the profit of the electric power industry has dropped by 74%, the profit of the chemical fiber industry has dropped by 26.8%, and the petroleum processing and coking industry has changed from a profit of 35 billion 200 million yuan in the same period last year to a net loss of 44 billion 300 million yuan.

The reason for the loss of the 3 industries is that the upstream oil and coal prices have risen too fast, resulting in the loss of electricity, chemical fiber, petroleum processing and coking industry because of the difficulty in pferring costs.

Hu Zhaoguang, chief economist of Beijing Guodian Power Economic Research Center, has found that there may still be a shortage of power supply throughout the whole year. An important reason is that the price of electricity coal has risen too fast, and the power companies are unable to bear high coal prices, resulting in serious losses.

"Electricity demand remains uncertain throughout the year.

In June 19th, the country raised the industrial electricity price by 5%, which will alleviate the above problems.

He said.

It is reported that the raw coal output price rose 24.1% in May this year.

During this period, electricity prices have not been adjusted.

Despite a 22.2% increase in electricity sales in 1-5 months, the loss of Guodian group in the first 5 months of this year amounted to 1 billion 390 million yuan.

However, other industries can take profits or pass on costs, which makes the overall profit growth very good.

For example, oil and natural gas extraction industry profits increased by 54.3% over the same period, the coal industry grew by 97.8%, and the steel industry grew by 25.6%, an increase over the first 2 months of this year.

This year, although the import price of iron ore has risen to 60%-90%, the price of iron and steel has been rising.

This makes the profits of the steel industry still maintain a good level.

At present, the profit of oil and natural gas extraction industry is still the largest among the 39 main categories.

Its industry and coal, steel and other industries constitute the bulk of industrial profits above the scale.

At present, data on profit growth in various sectors of the manufacturing industry have not been released.

However, from the perspective of industrial growth, the average profit growth of manufacturing industry has decreased, but it is still at a certain level.

At present, the added value of manufacturing industry accounts for about half of the industrial added value.

According to the data released by the National Bureau of statistics, the industrial added value of above scale industries increased by 16% in May compared with the same period last year, and the growth rate was faster than 15.7% in April.

Profit growth in the second half of this year will remain hidden. However, there may still be some hidden worries about the profit growth of industrial enterprises in the second half of this year.

According to data analysis, in the first 5 months of this year, the increase in industrial profits is still faster in the upstream industry, especially in some heavy chemical industries.

However, there are still some worries about the downstream light industries, especially the labor intensive textile and garment industries.

Jin Huawei told reporters that the rise in oil prices and the rising cost of chemical fibers will create pressure on the profits of the textile and garment industry.

"On the one hand, we must wait and see. On the other hand, we should increase the intensity of new product development and accelerate the pace of the domestic market."

He said.

Data show that the current 8 categories of consumer price classification index, clothing prices are still declining, pport and communications prices are also declining.

For example, in May, the price of clothing and clothing nationwide dropped by 1.5% compared with last year, and the price of pport and communications dropped by 1.6%.

Therefore, the sales of all kinds of clothing accessories sold by Meng Heng group are doubly attacked by rising upstream costs and falling prices.

Similarly, in the future, the profit growth of some labor-intensive industries will be further eroded by multiple factors such as crude oil, electricity, raw materials and manpower costs.

At present, the fastest growth of profit is heavy industry, while light industry is relatively slow.

In some parts of the industry, there has been a drop in the added value, which shows that the profit is rather unsatisfactory.

For example, a survey by the Shanghai statistics department found that in May this year, 27 of the 34 industrial industries in Shanghai had increased the total industrial output value of the same month in the same month of last year, but the total industrial output value of the 7 industries declined in the same month as last year, with the decrease of the chemical fiber manufacturing industry (drop 17%), textile clothing, shoes, cap manufacturing (down 14%), oil and gas mining (down 13.8%), crafts and other manufacturing (down 13.5%), leather, fur, feather (down) and their products (down 10.6%).

He Ping, director of the special investigation office of the National Bureau of statistics, pointed out that the export of textiles, leather, clothing and other industries is relatively affected by the rising prices of raw materials and power, such as oil prices, electricity prices and so on.

The National Bureau of statistics is also preparing to conduct in-depth investigations to understand the impact of these industries and give policy recommendations.