Gao Yong: 2014 Textile Industry Pformation And Upgrading Steadily

"Despite the pressure on the domestic market, the increase in comprehensive costs, and the great difference in the price of domestic and foreign cotton, the pformation and upgrading of China's textile industry has been steadily advancing since the beginning of this year, and has achieved a smooth operation on the whole."

Talk about the development of China's textile industry this year.

Vice President Gao Yongru said.

Steady and good

In 2014, the main operational indicators of China's textile industry increased, while some indexes slowed down compared with the same period last year, but the trend of steady recovery has generally been shown since the two quarter.

According to the statistics of the National Bureau of statistics and the General Administration of customs, in the 1~6 months, the total revenue of 3.8 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. The total profit reached 147 billion 760 million yuan, an increase of 11.8% over the same period last year, and the growth rate was less than 4.8 percentage points in the same period last year.

Meanwhile, in the month of 1~6, the total export of textiles and clothing was 136 billion 390 million US dollars, 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. The total investment in fixed assets of the industry over 5 million yuan was 454 billion 480 million yuan, an increase of 16.1% over the same period last year, which is 1.1 percentage points higher than that of the same period last year.

In the first half of 2014, the economic operation quality of China's textile industry steadily improved and the industrial structure adjustment continued to achieve results.

According to the National Bureau of statistics, the sales profit of textile enterprises above Designated Size 1~6 was 4.8%, 0.2 percentage points higher than that of the same period last year, and the profitability of enterprises improved. The total assets turnover rate was 1.6 times / year, unchanged from the same period last year, and the operating efficiency was stable. The asset liability ratio was 55.3%, down 1.5 percentage points compared with the same period last year, and the assets risk decreased.

The production and sales of industrial textiles increased rapidly, and the total business income and profit of Enterprises above designated size increased by 14.1% and 19.9% respectively over the same period 1~6. The growth rate was significantly higher than the industry average level, and the contribution to the whole industry's economic growth was further enhanced.

The main business income of textile enterprises above Designated Size in the central and western regions increased by 12% over the same period of 1~6 months, which is 4.5 percentage points higher than that in the eastern region, accounting for 21.4% of the total proportion of the whole country, representing an increase of 1.5 percentage points over the same period last year.

Pressure remains

In introducing the trend of textile industry in the second half of 2014, Gao Yong said that the current textile industry's economic operation is also facing a series of pressure factors.

Because of the rapid downward trend of international cotton prices, the difference between domestic and foreign cotton prices has widened again, reaching more than 5500 yuan per ton in early August. The problem of high quality and low price of cotton reserves is still outstanding, and the demand for cotton can hardly be effectively met.

Domestic labor, textile raw materials and other elements prices generally rose, financing, land, marketing channels and other expenses continue to increase, the burden of ecological and environmental protection investment increased, textile enterprises comprehensive cost pressure is increasing, small and micro enterprises survival and development problem is more prominent.

With the intensification of competition in the international market, Vietnam, Bangladesh and other countries rely on cost advantages, and the market share is rising.

China's share of textiles and clothing imports in the United States, Europe and Japan fell by 0.8, 0.7 and 4 percentage points over the same period 1~5.

Gao Yong said, at present, the development environment facing the textile industry is still more complicated.

On the one hand, the macroeconomic fundamentals at home and abroad are generally stable. The developed economies will drive the global economy and the market to continue to recover steadily. The domestic demand market is expected to enhance growth momentum along with the effect of the fine-tuning policies such as directional reduction and quasi reduction.

The internal and external market environment of the industry is generally stable and better.

But on the other hand, as the new cotton market is approaching, the domestic cotton market will become more complex, and the impact on the industry can not be ignored.

It is expected that the economic operation of the textile industry will be stable throughout the year, and will show a trend of "low before and after high". In the second half of this year, the growth rate of industrial production, sales and export will be enhanced compared with the first half of the year.

The textile industry itself is committed to deepening structural adjustment and promoting pformation and upgrading.