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Small And Medium-Sized Textile Enterprises Face The Dilemma Of Ice And Fire

2013/8/13 20:16:00 26

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Textile Industry Textile Enterprise Textile Raw Material Cotton Industry

thanks to the early layout of overseas production lines, Tianhong textile has once again tasted the sweetness of the world's largest core cotton, "a target=" _blank "href=" http://www.91se91.com/ "> textile" /a "supplier.

The report released last week showed that turnover increased by 8.5% to 3 billion 609 million yuan in the first half of this year, while net profit rose three times to 447 million yuan.

Compared with the giant profit improvement, the small and medium-sized a href= "http://www.91se91.com/news/index_c.asp" > textile enterprise < /a > is facing the dilemma of ice and fire.

"At present, the difference between domestic and foreign cotton is still as high as 4000-5000 yuan / ton, because the quota of purchasing international cotton is small, and micro textile enterprises are facing a wave of closing tide."

Lin Ming, a analyst who followed the textile industry, said.

the difference of cotton price is narrowed and the performance of the giant is lower than /strong > /p >

according to the semi annual report issued by Tianhong textile, its gross profit margin increased by 8 percentage points to 21.4% in the first half of the year, and the net profit margin also increased by 8 percentage points to 12.4%. For this performance, < a href= "http://www.91se91.com/news/" > Tianhong textile < /a > indicated that the market's demand for its products continued to be strong, coupled with the low international cotton prices, effectively promoting the reduction of production costs.

in fact, the price difference between domestic and foreign cotton has been huge since 2011, which has greatly weakened the export competitiveness of textile enterprises, resulting in the low performance of domestic textile industry in the past two years.

"This year, because of the rising global cotton consumption demand, the difference between the international and domestic cotton prices has shrunk, and the situation of the industry is getting warmer."

Lin Ming said that the difference between cotton price at home and abroad was 4000-5000 yuan / ton, and the price difference last year was as high as 5000-6000 yuan / ton.

this sign of warming has gradually manifested itself since the fourth quarter of last year.

According to a quarterly report of Lu Tai, Hua Fu color Fang, Bailong East, < a href= "http://www.91se91.com" > textile industry < /a > leading enterprises, compared with net profit last year, the three companies' revenue has risen sharply in the first quarter of this year, while net profit has increased by more than 25%.

according to the data of the China Federation of textile industry, in the 1-5 month of this year, a number of textile enterprises with an economic scale realized the total industrial output value of 2 trillion and 370 billion yuan, up 13.95% compared with the same period last year. According to the statistics of the General Administration of Customs of China, the total amount of < a href= "http://www.91se91.com" > textiles < /a > and clothing products exported from China amounted to 127 billion 210 million US dollars in the 1-6 months of this year, an increase of 12% over the same period last year.

according to the "industrial economic operation report of the first half of 2013" issued by the Ministry of industry and Commerce (hereinafter referred to as the "economic operation report"), the operating efficiency of China's textile enterprises has improved in the first half of this year.

According to the figures released, the textile industry achieved a profit of 131 billion 800 million yuan in the first half of this year, an increase of 16.6% on the basis of a decrease of 2% in the same period last year. The main business income margin was 4.6%, an increase of 0.1 percentage points over the same period last year.

the policy of purchasing and storage is that the difference between cotton price inside and outside the country is less than /strong > /p >

although the profits of the industry have improved, the situation of large enterprises and small and medium-sized enterprises is quite different in the face of the huge spread of cotton at home and abroad.

"The quota of domestic cotton and international cotton procurement in textile enterprises is 3:1, i.e., the purchase of 3 tons of domestic" a href= "http://www.91se91.com" > cotton < /a "can get 1 tons of cotton import quotas.

Lin Ming told reporters.

Lin Ming said that the number of enterprises that import more cotton quotas is better than before, and those small businesses with limited quotas are facing a wave of closure.

The above "economic operation report" pointed out that by the impact of excessive domestic and foreign cotton prices, the textile industry has already seen small businesses stop production and increase production restrictions.

Wang Qian, chief textile analyst and textile analyst at P, admitted in an interview with Nandu reporters that the phenomenon did exist, but it was not caused by the excessive price of cotton at home and abroad.

According to its disclosure, before the financial crisis in 2008, the development of the textile industry was still good, but after that, the whole textile industry faced serious challenges due to three factors, such as low global demand and overproduction, high cost of raw materials and rising labor costs.

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according to the "economic operation report" data, in the first half of this year, although the deficit of enterprises decreased by 0.3 percentage points compared with the same period last year, it still increased to 17%, while the deficit of loss making enterprises decreased by 5.8% compared with the same period last year, but the amount of losses still amounted to 13 billion 610 million yuan.

the contradiction between the huge spread of cotton at home and abroad and the reason for it should be traced back to two years ago.

After the cotton price experienced a sharp fall in 2010/11, the 8 ministries and commissions of the state jointly launched the temporary cotton purchase and storage policy.

Although this has stabilized the price of cotton market to a certain extent, this policy has encountered bottlenecks along with the fall of international cotton prices.

The main source of procurement for textile enterprises is the auction of national cotton stores, which has led to a sharp fall in export competitiveness and profits of domestic textile enterprises.

"Collecting and storing has widened the price difference between domestic and foreign cotton."

Lin Ming believes that the policy of purchasing and storage is no longer suitable for the current market changes.

before the industry has news, relevant departments of the state have begun to study measures, including direct subsidy instead of cotton purchasing and storage policy, and reducing the government's intervention in cotton prices is also under discussion.

However, Lin Ming said that this year the state will continue to open up the storage and purchase, from September to March next year, the storage price will be 20400 yuan / ton.

"This price is almost the same as the annual storage price. The cost of raw material costs of textile enterprises has not changed much in the second half of this year."

Lin Ming said.

the possibility of shrinking domestic and international cotton prices depends on the adjustment of national policies.

Textile expert Wang Qianjin told Nandu reporters.

"export and cost problems are two major problems facing the textile industry in the second half of the year."

Wang said that at present, the domestic textile industry 30%-40% relies on exports, but at present, the global demand for cotton is low. Moreover, if domestic and foreign cotton prices continue to hang upside down, it will be very difficult to completely resolve the impact of the price difference only by relying on the textile enterprises' own adjustment, thus leading to a very difficult improvement of the status quo.

On the other hand, the rise in cotton prices has directly contributed to the rising cost of raw materials and intensified the development of problems.

for the second half of the year < a href= "http://www.91se91.com" > textile industry < /a > trend, the above economic operation report thinks the situation is grim.

"The difference between domestic and foreign cotton prices is still outstanding."

The report pointed out that at the end of 6, the price of domestic grade 328 cotton was higher than the international cotton price of about 4500 yuan / ton, and the domestic cotton yarn price was higher than the international cotton yarn price of 4200 yuan / ton.

overseas plant expansion, giant cost advantage /p >

"P > attracted by the labor cost of free import of international cotton and low /strong > cheap, Tianhong textile decided to build textile factories in Vietnam in 2006, and continuously increased investment.

In recent two years, because China's cotton price is far higher than the international market cotton price, Tianhong textile has enjoyed a huge cost advantage.

Last year, the net profit of Tianhong textile increased by 7 times to 486 million 300 thousand yuan when the net profit of other industries returned.

"The price difference between domestic and foreign cotton depends on the adjustment of national policies. The most direct way for enterprises to cope with current cost pressures is to set up factories overseas."

Chen Ming pointed out that after setting up factories in Southeast Asia, enterprises can enjoy the international low price cotton, and the labor and tariff in Southeast Asia are lower than that in China at present.

After P, Huafu and Shenzhou International have begun to "go out".

However, Wang Qian said that the manufacturing industry in China is facing pformation and upgrading. For enterprises, there must be a market first, followed by adequate capital.

"Whether the textile enterprise is suitable for the factory in Southeast Asia varies from person to person."

Such enterprises as Tianhong textile have enough market and abundant capital to seize the opportunity and seize the opportunity to go to Vietnam to set up factories first.

But if SMEs can't succeed, "

Wang Qian said.