Nearly 20% Of The Listed Companies In Spinning And Weaving Industry Appear Net Loss.

The three quarter data of textile and apparel listed companies show that nearly 20% of the net profits of enterprises are in a loss. At present, the textile and garment industry is in a difficult pition. The basic situation of the industry has not yet been significantly improved, and the brand clothing enterprises have begun to reflect more on the traditional business models.

In the whole industry "cold" situation, the home textile industry has issued three quarterly reports of the Luo Lai home textiles, Meng Jie home textiles and fuanna performance gradually stabilized, the first three quarters of net profit growth rate remained between 14%~17%.

cotton spinning

Difficult pformation in the market downturn, domestic and international demand, domestic cotton prices fluctuate and cost increase, cotton spinning enterprises are mainly affected by the continued downturn in the market, business performance decline, gross margin decline.

Men's clothing enterprises "are not the worst, only worse." only 3 of the 8 men's clothing enterprises that have disclosed three quarterly reports have achieved growth.

However, in the depth adjustment period of men's clothing industry, more companies are still trapped in the mire of declining performance and struggling.

Business casual men's "faucet" business is even worse, and revenues and net profits are still in a "double slide" state.

Home textile enterprises seek to survive by changing and take the lead in stabilizing and recovering. Compared with the whole textile industry, the spring of home textile industry seems to come earlier.

The change of people's consumption habits, the rise of the electricity supplier channels, the challenges facing the traditional channels.

Home textile enterprises have seen this point, and have made efforts to change e-commerce to survive.

After more than two years of adjustment, the textile industry seems to have left the "cold winter".

At present, the development of China's textile industry has entered the new normal of deep pformation and upgrading, entering the cycle of rapid growth to medium speed growth and change, and began a new historical stage of deep adjustment of structure and acceleration of pformation and upgrading.

Although China's textile industry has made some progress in structural adjustment and operation quality and efficiency, various external pressures are still outstanding. The challenges posed by rising costs and increasing resource and environmental constraints are particularly severe.

Textile industry in China

The cost advantage in competition is basically no longer exist. In recent years, the cost of production factors in China's textile industry has been continuously raised, and the per capita wage has increased at an annual rate of over 10%. The wage level is much higher than that of the developing neighbouring countries, and cotton prices have continued to be higher than 30% of the international market in the past three years.

At the same time, the Chinese government is facing stricter contradictions in resources and environment, and its supervision standards and tasks in low-carbon and environmental protection are more stringent.

Accelerating the pformation and upgrading of industries, enhancing the capacity of total factor productivity and sustainable development, effectively breaking the bottleneck of resources and environment, and better participating in international market competition and global industrial division are urgent tasks for the development of China's textile industry.