Home Textile Industry Runs Smoothly In The First Quarter, Improving Quality And Efficiency

Economic operation of household textile industry in the first quarter Analysis

In the first quarter, the statistics of the National Bureau of statistics showed that the main business income of 1942 Enterprises above Designated Size reached 61 billion 970 million yuan, an increase of 8.7% over the same period last year. According to customs statistics, China's domestic textile products exported US $8 billion 400 million in the first quarter, up by 4.4% over the same period last year. The operation of the industry is generally stable.

Industry benefits continue to improve

The profit of home textile industry has maintained a good growth, and the growth quality and overall efficiency have been improved. Especially when the output value of the industry has been slowing down, the growth rate of efficiency has been increasing year by year, which shows that the development mode of the industry is changing. In the first quarter, 1942 Enterprises above Designated Size realized a total profit of 3 billion 170 million yuan, an increase of 14.2% over the same period last year. The growth rate was 3.1 percentage points higher than that of the same period last year, and the profit rate and cost and profit margin increased over the same period last year. At the same time, compared with the same period last year, the ratio of the three expenses of enterprises was reduced, and the turnover rate of liquidity increased.

Export volume and price increase

According to China Customs statistics, China's domestic textile products totaled 8 billion 400 million US dollars in the first quarter, an increase of 4.4% over the same period last year, of which the number of exports increased by 3.3% over the same period last year.

In recent years, the pace of economic recovery in developed countries has begun to accelerate, and the economy has gradually recovered. Although the United States is not affected by the winter, the economic growth has not reached the expected goal, but the European economy is accelerating and demand rebounded. In the first quarter, China exported $4 billion 120 million to the three major countries and regions of the United States, the European Union and Japan, an increase of 3.4% over the same period last year. It also achieved positive growth in the three major markets of the United States, Europe and Japan, including slower growth in exports to the US and Japan, faster export growth to the EU market and an increase of 9.9% in exports compared with the same period last year.

In the first quarter, exports to other countries and regions except the United States, Europe and Japan totaled 4 billion 280 million US dollars, an increase of 5.3% over the same period last year. The emerging market is still showing a good momentum of development. In the first quarter, China's home textile industry achieved a 23.9% growth in exports to the 10 ASEAN countries, and exports to the 17 countries in the Middle East increased 14.9% over the same period last year.

Domestic sales remain increase

In the first quarter, China's actual GDP grew by 7.4% over the same period last year, down 0.3 percentage points from the fourth quarter of last year. But consumption is still relatively stable, and the total retail sales of consumer goods increased by 12% over the same period last year. Among them, the town grew by 11.8% compared to the same period last year, and the rural area increased by 12.8% compared to the same period last year. The per capita cash income of rural residents increased by 10.1% over the same period. The per capita disposable income of urban residents increased by 7.2% in real terms. All these make the domestic sales growth of domestic textile industry maintain stable macro and micro factors.

In the first quarter, 1942 Enterprises above Designated Size achieved an increase of 11.3% in domestic sales value. The industrial clusters and backbone enterprises in the association also reflected different levels of growth in domestic sales. According to the monitoring data of the home textile index of the folding stone bridge, the domestic price index in May 2014 closed at 94.4 points, up 1.6 points over the same period last year.

Investment has slowed down

In the first quarter, the statistics of the National Bureau of statistics showed that the actual investment in the enterprises above Designated Size reached 18.5%, an increase of 1.1 percentage points over the same period last year, and a 10.7% decrease in the new year's growth rate, a 27.8 percentage point increase from the same period last year. The reduction of new construction projects and completion projects reflects the slowdown in investment. Although it is related to the change of China's large economic environment and development mode, it should also cause industry attention.

It is expected to continue to maintain steady growth in the future.

Through right First quarter Data analysis shows that this year's industry situation is basically the same as last year's forecast. It is expected that the industry will continue to maintain steady growth this year. The overall situation of domestic economic steady growth has not changed. Home textile products are daily consumer goods, and the demand is relatively stable. On the international front, the main developed countries are still in the stage of recovery, plus the recent "accelerated export" measures of the State Council, such as the export tax rebate and the promotion of export upgrading, and the stimulation of the depreciation of the effective exchange rate of RMB.