Shandong 30% Textile Enterprises Face Losses

The polarization phenomenon is obvious. 30% of the textile enterprises get 90% of the profits of the industry. "Although the textile enterprises are in a difficult position, Shandong's textile industry has not seen any ups and downs. No one in the province has gone bankrupt, and there has not been a large area of losses.

The textile enterprises above Designated Size reached 4933 households, a 230 increase over the same period last year.

20, Zhao Chuanxiang, President of Shandong Textile Industry Association, said to the Economic Herald reporter.

The rate of production and marketing is over 98%. According to Zhao Chuanxiang, in 1-9 months, 4933 textile and garment industrial enterprises above Designated Size completed 1153 of industrial added value.

7 billion 400 million yuan, an increase of 17.

43%, the year-on-year growth rate dropped by 7.

24 percentage points; production and marketing rate reached 98.

44%, an increase of 0 over the same period.

24 percentage points.

The first 9 months, the province's textile and garment exports earn 117.

300 million US dollars, an increase of 15% over the same period last year, an increase of 1 over the same period last year.

7 percentage points.

The export quota for EU exports has been reduced by 19 since 2008.

900 million US dollars, an increase of 31 over the same period last year.

7%, an increase of 5.

1 percentage points; 17 of exports to the US are affected by the subprime mortgage crisis and exchange rate changes.

700 million US dollars, an increase of only 2 over the same period last year.

2%, the growth rate dropped by 16.

7 percentage points.

But the investment speed of Shandong textile industry has obviously slowed down due to the shortage of funds, the cost of tax burden and the pressure of RMB appreciation.

Zhao Chuanxiang told the Herald reporter that by the appreciation of the renminbi, that is, the group reduced profits by 1.

200 million yuan, Lu Tai Group reduced profits by 90 million 810 thousand yuan.

The appreciation of the renminbi has led to an increase in the risk of overseas orders for export enterprises, and some enterprises have dropped substantially over the same period. Many enterprises have been afraid to take orders again.

However, the tax burden (13%) and output tax (17%) inequality of cotton spinning enterprises have seriously restricted the development of textile enterprises for a long time.

The cotton industry in the whole province uses 4 million 700 thousand tons of cotton per year. If 3 million 500 thousand tons are calculated with domestic cotton, the ton price is 14000 yuan, the tonnage tax is 560 yuan, and the total annual tax is 19.

600 million yuan, equivalent to 7 of the total industry profits in 2007.

4%.

"The polarization phenomenon of textile enterprises is very obvious, the pressure of the dominant enterprises is increasing, the small and medium-sized enterprises are running hard, and the poor enterprises are getting worse and worse."

Zhao Chuanxiang said that about 30% of the textile enterprises in the province accounted for about 90% of the profits of the whole industry, and about 40% of the profits of the enterprises dropped by 10%-40%. About 30% of the enterprises were in the face of losses, and some of them were in a semi shutdown state.

"The industry is upgrading and independent innovation". "Despite the difficulties faced by textile companies, there are still many excellent companies that are doing well."

Zhao Chuanxiang said, "the reason why these enterprises can grow against the market in a severe situation is mainly due to early industrial upgrading and early self innovation."

According to the introduction, under the situation of market downturn this year, Shandong Hailong (000677) has played an important role in the forward-looking technological innovation: the benefits and contributions of new products such as new DAL fibers, flame retardant fibers and special fibers have been outstanding, with a total sales of 9743 tons and a profit of 38 million yuan.

In 1-10 months, Shandong Hailong achieved a total sales income of 25.

900 million yuan, an increase of 3 over the same period last year.

29%; realize profits and taxes 1.

700 million yuan, including 100 million yuan in profit and 58 million 180 thousand US dollars in export earnings, an increase of 4 over the same period last year.

91%.

Despite the decline in economic efficiency, Shandong Hailong has always been full load production, maintained a high market price and the lowest inventory in the situation of widespread loss in the whole industry and most factories limiting production and shutting down production, and has achieved profitability. The net asset yield has remained the first in the industry for 6 consecutive years.

In addition, Huaxing Group has been actively developing haysmoor's new high-tech fiber project, which has been a national patent and has become a new growth point of the group. The Sanyang textile company has formulated the development thought of "two heads outside, construction and operation synchronization, brand and capital operation parallel", determined the high-end development orientation of "producing high-end products, serving a small number of people", and introduced the most advanced equipment in the world, which is 100% of the "three no one essence" enterprises; the art group has walked on two legs with internal and external sales, and has set up exclusive stores in prefecture level cities in more than 20 provinces and cities nationwide, striving to make the domestic market share more than 5 years later.

"The two months to the first quarter of next year will be the most difficult time for the textile industry. But on the 19 day, the State Council's six measures to suspend the account margin" and promote the development of light textile industry will be a major benefit to curb the downward trend of the textile industry.

Zhao Chuanxiang said.

Zhao Chuanxiang told the guide reporter that in the six policy, it is critical to suspend the "margin pfer" of the accounts.

The so-called "margin pfer" is that enterprises need to pay a certain margin when importing, which greatly increases the financial pressure of enterprises.

The introduction of the new deal will enable some of the funds to "thaw".

Besides, VAT pformation is very beneficial to the technological pformation and industrial upgrading of textile enterprises, and will greatly enhance the investment confidence index of enterprises.

According to Zhao Chuanxiang, Shandong has launched a pilot project of VAT pformation for some enterprises.

The textile enterprise Lu Tai Group is one of the 3 pilot enterprises. It is estimated that after the pformation of value-added tax, the investment and pformation project in 2009 is expected to deduct 42 million 500 thousand yuan, which can reduce the investment cost of the enterprise equipment by about 20%.