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    China'S Textile And Apparel Industry Is In A Difficult Pition.

    2014/11/13 12:19:00 17

    Textile And GarmentCotton Spinning EnterprisesMen'S Clothing

      

    Textile and clothing

    The three quarter data of 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.

     China's textile and apparel industry is in a difficult pition.

    In the whole industry "cold" situation, the home textile industry has released three quarterly reports of home textiles (002293, stock bar), Meng Jie home textiles (002397, stock bar) and fuanna (002327, stock bar) performance gradually stabilized, the first three quarters of net profit growth rate remained at 14%~ 17%.

      

    Cotton spinning enterprise

    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

    Men's wear

    During the deep adjustment period, 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.

    With the change of people's consumption habits, the rise of the electricity supplier channels, the traditional channel is facing the challenges before the airport.

    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.

    The cost advantage of China's textile industry in international competition is basically gone. In recent years, the cost of production factors has continued to increase in China's textile industry. The per capita wage has increased at an annual rate of over 10%, and the wage level is much higher than that of the developing neighbouring countries. Cotton prices have continued to exceed 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.

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