Benefit Growth, Industrial Textiles Development Optimism Throughout The Year

So far, the industrial textiles industry has maintained a good momentum of development, production has maintained a certain growth, export growth and good returns.

According to the association's research, the industry index in the first half of the year was 78.4, unchanged from the first quarter, but higher than the same period last year.

According to the data of the National Bureau of statistics and the General Administration of customs, the main business income of the textile industry in the first half of this year was 129 billion 930 million yuan, an increase of 14.05% over the same period last year, with a profit of 7 billion 40 million yuan, an increase of 19.88% over the previous year, and an investment of 24 billion 620 million yuan, an increase of 28.27% over the same period last year, and exports of 10 billion 100 million US dollars, up 6.56% over the same period last year.

According to the statistics of 511 Enterprises above Designated Size by the National Bureau of statistics, the output of China's nonwovens was 1 million 710 thousand tons in the first half of this year, up 8.23% from the same period last year. The growth rate increased by 3.5 percentage points compared with the first quarter, but the growth rate dropped obviously compared with the previous two years.

On the one hand, the decline of growth rate is due to the rapid growth of the previous two years, which has formed a larger growth base, and on the other hand, it is also a reflection of slowing demand growth.

From the main production areas, Zhejiang province is the largest nonwovens production place in China, its growth rate is only 3%, while Shandong and Hubei provinces continue to maintain rapid growth, the growth rate is 18.54% and 27.22% respectively. The growth rate of Jiangsu is 11.24%, while Guangdong province has stopped the downward trend of production, and the growth rate has rebounded to 7.54%.

The export market of nonwovens continued to maintain rapid growth. In the first half of this year, the total export volume was 313 thousand tons, an increase of 17.44%. The enthusiasm for investment in the industry is still high, so the support for nonwoven production growth is relatively strong, and the future will continue to maintain rapid growth.

In the first half of this year, the industrial textiles industry completed 24 billion 620 million yuan in fixed assets investment, an increase of 28.27% over the previous year, an increase of nearly 4 percentage points over the first quarter, an increase of nearly 7 percentage points over the same period last year, and a marked acceleration in investment growth, reflecting the industry's relatively high expectations for the future market.

In the first half of the year, the number of projects under construction and the number of new projects were 617 and 198, respectively, increasing by 28.27% and 20.27% respectively.

The investment situation of each sub sector is quite different.

The amount of investment in non-woven fabrics and the number of new start-up projects were 10 billion 990 million yuan and 179 respectively, increasing by 54.63% and 59.82% respectively, which is the highest growth rate in the textile industry. The investment in ropes, cables, textile belts and cord fabrics has also maintained a relatively high growth. The actual investment has reached 2 billion 330 million yuan and 2 billion 790 million yuan, respectively, up 29.8% and 35.06% respectively.

Canvas investment growth is relatively low, only 2.27%.

In the first half of the year, the industry continued to maintain good economic returns.

The main business revenue and profits of Enterprises above designated size were 129 billion 930 million yuan and 7 billion 40 million yuan, respectively, increasing by 14.05% and 19.88% respectively. The growth rate was lower than that of the same period last year, but increased by 2 percentage points compared with the first quarter of this year, leading to a leading position in the textile industry.

The profit margin of the industry was 5.42%, an increase of 0.3 percentage points over the same period last year.

The deficit of the industry is 11.35%, and the deficit of the deficit companies has increased by 2.41%.

According to the questionnaire survey conducted by the association, 52.8% of the respondents said that sales revenue grew by more than 10% over the same period, and 43.3% of the respondents said that the profit grew by more than 10% over the same period last year.

According to different industries, the economic benefits of nonwoven fabrics are better, but the division between enterprises is more serious.

The main business revenue and profit of 835 above scale nonwovens enterprises were 63 billion 790 million yuan and 3 billion 580 million yuan respectively, increasing by 15.93% and 19.79% respectively, with 5.61% profit margins. The loss of nonwoven fabrics was 10.06% lower than that of the whole industry. However, the deficit of loss making enterprises increased by 36.42% over the same period last year, indicating that although some enterprises in the nonwoven industry have difficulty in operation and pformation due to technical and brand reasons, the pressure of pformation and upgrading is greater.

The main revenue and growth rates of textile belts and cord fabrics were 15.4% and 13.32% respectively, and the profit growth rates were 20.51% and 29.99% respectively. The growth rate of main business revenue and profit of sail products was 8.48% and 7.11%, respectively, and at a low level in industrial textiles.

Profitability of textile belts and cord fabrics has improved, with profit margins reaching 4.98% in the first half, up 3 percentage points from the same period last year.

Export stability

In the first half of this year, China's industrial textiles exports amounted to US $10 billion 100 million, an increase of 6.56% over the same period last year, while the growth rate was unchanged from the first quarter, but it increased by 2 percentage points over the same period last year.

Industrial plastic coated fabrics, medical and health textiles, sail products, nonwovens and packaging bags are the main export products. The exports of the five products account for 72.93% of the total volume.

As the export unit price dropped by 8.87%, the export volume of plastic coated fabrics decreased by 6.38%. While the export volume of the sail products decreased, the export volume remained basically unchanged because of the rising prices, while the non-woven products showed a good situation of volume and price increase, and the export volume increased by 20.72%.

From the point of view of export, Asia is the largest export market of industrial textiles in China, but the export growth rate has dropped significantly, the export growth rate to ASEAN is 7.51%, and exports to other Asian countries have increased by only 5.4%.

Exports from the developed countries such as the European Union and North America have rebounded significantly, and become the main driving force for the growth of China's industrial textiles exports. The export growth in the first half of this year was 13.06% and 9.15% respectively.

Exports to other parts of Europe dropped by 15.79% and exports to Oceania by 1.1%. However, the export share of these two regions was only 10%, which had limited impact on the export market.

10 countries or regions such as the United States, Japan, Vietnam, India and Korea are the main export destinations of industrial textiles in China. Their exports account for 50% of the total volume, and the export market is relatively scattered.

In addition to a sharp decrease of 30.95% in Hongkong's exports to China, exports to other major markets have increased by a different margin.

In the first half of this year, China's imports of various industrial textiles amounted to 2 billion 100 million US dollars, an increase of 10.89%, and its growth rate exceeded exports.

Plastic coated fabrics, nonwovens, medical and health textiles and fiberglass products are China's main imports, with an import volume of US $1 billion 620 million, accounting for 77.1% of the total.

These four kinds of products have large capacity in China, and they are also a large number of products exported by our country. However, due to the technical and brand reasons, we still need a large number of imports.

China, Taiwan, Japan, Korea, the United States and Germany are the main source of imports for industrial textiles in China, accounting for 78.4% of the total imports.

The whole year is more optimistic.

Industrial textiles as an important direction of structural adjustment of textile industry, as a new growth point of textile industry, will usher in better development opportunities.

The highly structured adjustment of the industry to technology, talent, brand and sustainable development will greatly enhance the competitiveness of the industry in domestic and foreign markets.

Investment activities will be more active than last year.

The sustained growth of market demand will stimulate more industry investment while promoting the rapid growth of production and sales. It is estimated that the investment activities of this year will be more active than that of last year, and the investment will be more concentrated on the increase of high-end and advanced production capacity, enterprise technological pformation and equipment upgrading. The extrusion effect on the low-grade products is more obvious, which will bring great challenges to the development of small and medium enterprises lacking of technology and brand.

The field of end products for engineering and industrial applications depends to some extent on national policies and challenges the smooth development of them.

The time lag between the implementation of the policy and the specific implementation of the project may weaken the stimulating effect of the policy.

The international market has maintained steady growth.

The International Monetary Fund (IMF), the world bank and other major organizations are all optimistic about the world economy in 2014. In the first half of the year, the economic recovery of the United States and the European Union is obvious, which has a strong positive significance for the export of China's industrial textiles.

There are some uncertainties in emerging markets such as Latin America and Africa, but their share in China's export market is not high, which has little impact on the overall export situation.

2014, the domestic demand market of the industrial textiles industry will increase rapidly in the whole year, and the external demand market will be revived. The progress of science and technology will promote the development of the industry obviously. The industry is still in a steady and fast developing stage with steady progress, and at the same time, the pace of industrial restructuring will be quicken.

It is estimated that the total industrial output value, sales revenue, total profit and output of main products will increase by more than 10% throughout the year.