Textile Industry'S Net Profit Increased By 11.8% In The First Half Of 2014

In the first half of 2014, the total profit of textile enterprises above Designated Size reached 147 billion 760 million yuan, up 11.8% over the same period last year. The profit margin of enterprises was 4.8%, 0.2 percentage points higher than that of the same period last year, and the profitability was improved. In the second half of the year, production and marketing Exports and other indicators will also increase.

This is from the 15 China Textile Industry Federation held in the first half of the textile industry economic situation conference was informed.

Facing the domestic market is not prosperous, the comprehensive cost rises, domestic and foreign Cotton price In the first half of the year, China's textile industry was running smoothly, and the total business income of Enterprises above Designated Size reached 3 trillion and 103 billion 850 million yuan, an increase of 8.5% over the same period last year. The growth rate was 0.2 percentage points higher than that of the first quarter of this year.

common Exit Textile and apparel $136 billion 390 million, an increase of 4.2% over the same period, up 3.7 percentage points from the first quarter. In addition, the profitability of enterprises has been improved, and the adjustment of industrial structure has achieved results.

Gao Yong, vice president of China Textile Industry Federation, said that among the many factors, cotton price is still at the forefront of the industry. As of August, cotton used by domestic enterprises came from national cotton stores.

Due to the rapid downward trend of international cotton prices, the difference between the national cotton reserves and the international cotton price has widened again, and the price difference in early August is more than 5500 yuan per ton. In addition to the high price, the quality problem of national cotton storage is still outstanding, which leads to the difficulty in meeting the demand of cotton and the increase of production cost. These problems will continue to affect the textile industry in the second half of the year.

Related links:

China Textile Industry Federation 15 revealed that in the first half of the year, the main operational indicators of China's textile industry increased, while the growth rate of some indicators slowed down compared with the same period last year, but the trend of steady recovery has generally been shown since the two quarter.

It is reported that in the first half of this year, the transformation and upgrading of China's textile industry continued to advance steadily. Despite the pressure factors such as the domestic market being not prosperous, the comprehensive cost rising and the difference between the inside and outside cotton prices being bigger, the overall operation was smooth. In the first 38 thousand years of June, the total revenue of the textile enterprises above Designated Size reached 3 trillion and 103 billion 850 million yuan, up 8.5% from the same period last year, and the growth rate was 4.8 percentage points lower than that of the same period last year, which is 0.2 percentage points higher than that of the first quarter of this year.

In the first half of this year, China exported $136 billion 390 million of textiles and clothing, an increase of 4.2% over the same period last year. The growth rate dropped 7.7 percentage points from the same period last year, but recovered 3.7 percentage points compared with the first quarter of this year.