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    China'S Textile And Clothing Industry Is In A Difficult Transition

    2014/11/13 12:19:00 343

    Textile ClothingCotton Textile EnterprisesMen'S Clothing

       Textile clothing Three quarter data of listed companies show that nearly 20% of enterprises have lost their net profits. At present, the textile and clothing industry is in a difficult transition, and the basic situation of the industry has not been significantly improved. Brand clothing enterprises begin to reflect more on the traditional business model.

     China's textile and clothing industry is in a difficult transition

    Under the condition of "severe cold" in the whole industry, the performance of Luolai Home Textile (002293, Guba), Mengjie Home Textile (002397, Guba) and Fuanna (002327, Guba), which issued the third quarter report, has gradually stabilized, and the growth rate of net profit in the first three quarters has remained between 14% and 17%.

       Cotton textile enterprises In the downturn of the market, it is difficult to make a transition. Due to the sluggish international and domestic demand, fluctuations in cotton prices, and increased costs, cotton textile enterprises are mainly affected by the continued downturn of the market, resulting in a decline in business performance and a decline in gross profit margin.

    Men's wear enterprises "have no worst, only worse". Among the eight men's wear enterprises that have disclosed their third quarterly reports, only three have achieved growth.

    However, in men's wear During the period of deep industry adjustment, more companies are still mired in declining performance and struggling. The situation of the "leading" business leisure men's wear enterprises is even worse, and the revenue and net profit are still in a "double decline" state.

    Home textile enterprises survive with changes and take the lead in stabilizing and recovering. Compared with the bleakness of the whole textile industry, the "spring" of home textile industry seems to have come earlier. With the change of people's consumption habits and the rise of e-commerce channels, traditional channels are facing challenges ahead of the air. Home textile enterprises have seen this and have made efforts in e-commerce to change and survive. After more than two years of adjustment, the home textile industry seems to have driven out of the "cold winter".

    At present, the development of China's textile industry has entered a new normal of in-depth transformation and upgrading, entered a cycle of changes from high-speed growth to medium speed growth, and started a new historical stage of in-depth structural adjustment and accelerated transformation 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, among which the challenges brought by rising costs and increasing resource and environmental constraints are particularly severe.

    The cost advantage of China's textile industry in international competition has basically disappeared. In recent years, the cost of production factors in China's textile industry has continued to rise, and the per capita wage has increased at an average annual rate of more than 10%. The wage level is far higher than that of developing neighbors. The cotton price has also continued to exceed the international market by more than 30% in the past three years.

    At the same time, the Chinese government has become more stringent in terms of regulatory standards and task requirements for low-carbon and environmental protection in the face of prominent contradictions in resources and environment.

    It is an urgent task for the development of China's textile industry to speed up industrial transformation and upgrading, improve total factor productivity and sustainable development capacity, effectively break the bottleneck constraints of resources and environment, and better participate in international market competition and global industrial division.

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