Zhejiang Shaoxing County'S Textile Industry Investment In The First Half Of The Year Was Better Than Expected

　　 spin Industry is the leading industry in Shaoxing County. A few days ago, Shaoxing County Economic and Information Bureau announced the Brief Analysis of the Operation of the Textile Industry in the First Half of the Year. The reporter learned that in the first half of this year, in the face of increasingly complex and volatile macroeconomic situation, Shaoxing County textile enterprises made every effort to stabilize growth and promote recovery. The textile industry was running steadily on the whole, with the growth rate of main indicators higher than that of non textile industries, which played a more obvious supporting role.

Investment in textile industry in the first half of the year was better than expected

In the first half of this year, the textile industry in Shaoxing County basically achieved a balance between production and sales. From January to June, the textile industry above designated size realized an output value of 92.339.24 billion yuan, up 9.5%, 0.9 percentage points higher than the total industrial output value of the county. Among them, chemical fiber, printing and dyeing, weaving clothing The output value of other sub industries increased by 4.7%, 12.1%, 10.9% and 9.7% respectively.

In the first half of the year, the global market demand was slightly warmer, the textile export of Shaoxing County was generally OK, and the domestic sales rose month by month. From January to June, the county's foreign trade export reached 5.04 billion US dollars, a year-on-year increase of 6.6%, 1.7 percentage points higher than the city's average, and the export volume ranked third among all counties (cities and districts) in the province. Among them, the monthly export volume in May reached 1.02 billion US dollars, exceeding 1 billion US dollars for the first time, up 4.2% year on year.

The market group of textile cities remains strong. From January to June this year, the turnover of China's textile city clusters reached 47.334 billion yuan, up 12.59% year on year, of which the turnover of China's textile city fabric market was 28.55 billion yuan, up 11.18% year on year; The turnover of Qianqing raw material market in China Light Textile City was 18.784 billion yuan, up 14.80% year on year, hitting a new record.

In addition, Shaoxing County's large textile industry investment was better than expected, and the speed of structural adjustment accelerated. From January to May, the county's large textile industry completed an investment of 5.557 billion yuan, an increase of 58.0%, 32.7 percentage points higher than the average industrial investment. From January to May, the textile upgrading project completed an investment of 3.518 billion yuan, accounting for 63.3% of the investment in the large textile industry.

The gathering of printing and dyeing industry has progressed steadily. Up to now, 23 projects in the first phase have been basically implemented, of which 20 projects have started construction, and a total investment of 1.496 billion yuan has been completed. It is estimated that 8 enterprises can be completed and put into production by the end of this year. Seventeen projects in the second phase have also been scheduled, and two of the project land has been listed for transfer, and the other projects have also begun to do preparatory work.

The situation of PTA chemical fiber is poor, and the printing and dyeing situation is good

In the first half of the year, the growth rate of production and marketing, output, input, etc. of Shaoxing County's major textile industry was higher than the average level of the whole county's industry, which played a more obvious supporting role, but the situation of upstream and downstream industries of the textile industry was different.

First of all, the price decline of PTA is difficult to reverse in the short term. Since the beginning of the year, the oil price has once dropped, driving the PTA price down, which is now down more than 10% from the high at the beginning of the year. Due to the mismatch of the development of the domestic textile industry chain, the lagging development of PX and the high dependence on foreign countries, PX production and supply are seriously insufficient. This contradiction between supply and demand is more obvious under the current cost driven situation.

Chemical fiber enterprises have large inventories, but they are turning to rational sales. From January to May, the chemical fiber industry of Shaoxing County realized an output value of 19.559 billion yuan, an increase of 4.8%, ranking at the bottom of the big textile industry; The output of chemical fiber was 1.262 million tons, down 5.6% year on year. Due to the rapid expansion in the previous two years and serious overcapacity, the price of chemical fiber has continued to decline since the beginning of the year, and the price of ordinary products has dropped by 800-1000 yuan per ton compared with the beginning of the year. At present, the startup rate is generally low. The startup rate of melt direct spinning is about 75%, and that of chip spinning is about 50%. From January to June, the power consumption of the chemical fiber industry decreased by 75.272 million kilowatt hours compared with the same period last year, a year-on-year decrease of 11.1%, and the proportion of the total industrial power consumption also decreased from 10.5% last year to 9.2% at present.

Against the backdrop of the industry downturn, the inventory of chemical fiber enterprises is generally 15-20 days, about 10 days less than the same period last year, but the overall inventory is still large. Due to the large bearish space in the market and tight capital, enterprises take de stocking as their main business idea, and the chemical fiber industry is still unprofitable on the whole. However, under the situation of continuous price decline and phased rise, the enterprise turned to rational sales. Under the premise of ensuring cash flow, it carefully organized production and guaranteed the production and sales rate in the current period, which to some extent restrained the continuous decline of product prices.

The printing and dyeing industry has a special advantage and performs relatively well. It is reported that the printing and dyeing industry, as an important intermediate link in the textile industry, has a very large rigid demand. In recent years, there is no new license, and the new printing and dyeing capacity is limited. At the same time, all regions pay more attention to energy conservation and emission reduction, and have higher requirements for environmental protection of the printing and dyeing industry. Shaoxing County has taken the lead in energy conservation and emission reduction of printing and dyeing, and the comparative advantage of the printing and dyeing industry has become more and more obvious.

At present, more than 80% of the county's printing and dyeing business comes from other places. It is a veritable national textile industry printing and dyeing center. From January to May, the processing volume of printing and dyeing fabrics in the county decreased by 1.5% year on year, but the output value of printing and dyeing industry increased by 13.8%. However, 1.717 billion meters of printed and dyed fabrics were processed in May, down 0.6% month on month. For the first time since the beginning of the year, the monthly processing volume has declined month on month, indicating that with the arrival of the traditional off-season from June, the order volume of the printing and dyeing industry will decrease.

In other industries, the downstream market of Shaoxing County's weaving industry is stable and production is normal, but knitting is not ideal. Clothing and home textile industry focuses on innovation and brand creation, and production and operation have improved. The textile equipment manufacturing industry, under the good situation that both production and sales are booming in the short term after the beginning of the year, turned sharply downward from the first quarter. However, many enterprises "seek opportunities in crisis", speed up technological innovation, actively develop new products, and "turn crisis into opportunity".

High production costs and overcapacity constraints

Although the pillar role of Shaoxing County's large textile industry has been reflected again, the constraints faced by the industry cannot be ignored.

First of all, the macro economy is still weak, and downward pressure is obvious. According to the data released by "HSBC", the final value of HSBC's manufacturing PMI in China in June was 48.2, which continued to fall from the final value of 49.2 in May, hitting a new low for nine months. This is also the fact that the index has remained below the watershed for two consecutive months. This also reflects that with the deterioration of external demand, the slowdown of domestic demand and the increasing pressure on de stocking, the overall weakness of the manufacturing industry may continue or even worse in the future.

In combination with the actual situation of Shaoxing County, the growth rate of production and sales, profits and other indicators of the textile industry from January to May decreased compared with that from January to April. At the same time, as the textile industry entered the traditional slack season after June, the downward pressure on the textile industry is also increasing.

Secondly, the production cost is still large, and the profit of the enterprise is in short supply. First of all, the cost of employment continues to rise. In recent years, the average annual increase in the wages of front-line employees has reached 10%~20%. Calculated as the cost of employment accounts for 30% of the total cost of the enterprise, the average annual increase in the total cost is 3-6 percentage points. At the same time, the enterprise is facing the rapid expansion of the social security costs of employees. A person in charge of a chemical fiber enterprise, Mr. Wang, told the reporter that for enterprises, employee mobility is too high, even more unbearable than the asymmetric demand of upstream and downstream industries.

The transmission of raw material costs is not smooth, the prices of PX and dye auxiliaries are at a high level, while some traditional textile products have limited price increases due to intense homogeneous competition and overcapacity. For example, the price of raw materials such as PTA and chemical fiber has dropped sharply since the beginning of the year, with a drop of 10%~15% compared with the same period last year. At the same time, the rise of logistics costs and financing costs has also led to the rapid rise of enterprise operating costs.

The most serious problem is that some industries have overcapacity and the risks of individual enterprises have increased sharply. Affected by the rapid growth from 2009 to 2011, many industries with low access threshold have expanded their production capacity and repeated construction of homogeneous products. As new projects have been put into production since 2012, new capacity has been released in a centralized manner, but the growth of market demand is limited, resulting in increased inventory, intensified low price competition, and sharply reduced corporate profits.

In terms of Shaoxing County, PTA, chemical fiber, knitting and other industries are greatly affected by overcapacity. It is expected that as more projects are put into production this year, these industries will face the process of long-term de stocking, which will drag down their upstream and downstream related industries.

Enterprises keep sober

Promote transformation and seek stability

Faced with the current severe economic situation at home and abroad, the textile industry of Shaoxing County in the first half of the year, although its production and sales were stable and its investment was better than expected, faced with many constraints, and enterprises could not misjudge the situation. Aiming at the problems in the operation of the textile industry in the first half of the year, Shaoxing County Economic and Information Bureau put forward suggestions for the next step, such as promoting industrial transformation and upgrading, focusing on expanding market share, strengthening factor service guarantee, and so on.

In terms of transformation and upgrading, Shaoxing County Bureau of Economy and Information Technology suggested that traditional industries should make a contribution to energy conservation and emission reduction, reduce the consumption of environment and resources, strive to innovate technology, improve processes, and increase the added value of products, so as to improve the level of enterprises and products, and guide the "smart" and "green" development of enterprises. Encourage enterprises to use advanced information technology to transform R&D, production, management, marketing and other links, implement refined management, speed up "machine replacement", and focus on "four reductions and two improvements". Actively innovate and create brand, realize the transformation from OEM and ODM to independent brand, and improve the added value of products.

At the same time, promote the construction of enterprise research institutes. Taking the comprehensive pilot project of provincial intelligent textile printing and dyeing equipment industry technology innovation as an opportunity, we will focus on the construction of three provincial enterprise research institutes, including Ruiqun Machinery, to improve the competitiveness and influence of the county's textile equipment manufacturing. Accelerate the integration and upgrading of the supply chain, encourage enterprises to develop new business (commerce) models, guide qualified enterprises to accelerate the extension to "product+service+chain", and innovate and implement the operation model of "design+goods+service".

In addition, in the field of strengthening factor guarantee, Shaoxing County will speed up the "vacating cage to replace birds" and the "secondary development" of inefficient land, improve the classified allocation of resources by industry, explore the implementation of the distribution mechanism of energy factors such as electricity and pollution discharge indicators according to their contributions and the "dual control" mechanism of energy, so as to free up land and environmental space for advantageous enterprises and high-quality projects. Strengthen the docking between banks and enterprises to ensure the financing needs of enterprises for transformation and upgrading.

Relevant people in Shaoxing County pointed out that this year, the country could not have another 4 trillion yuan economic stimulus policy, and enterprises would face severe structural adjustment pressure. For example, the state requires the use of policy instruments such as deleveraging, which will bring greater pressure on enterprises to reduce debt. Therefore, in the future, enterprises should maintain a clear understanding, actively transform and upgrade, and strive to maintain stability in self-reliance and not blindly expand.