Textile Economy Presents Slow Growth, Structural Adjustment And Innovation Drive.

Xia Lingmin, vice president of China Federation of textile industry, summed up the main characteristics of the new normal in the three six executive directors' enlarged meeting of China Textile Federation. He said that this year, the industry production, exports, investment, domestic sales, profit growth indicators are slower than the previous few years, this is the basic characteristics of the new normal.

According to the new situation, the industry began to serve the industrial transformation, extending from product manufacturing to R & D design and sales links at both ends of the industry, and providing customized services to the market to provide an overall solution. There is also a new trend in the allocation of transnational resources. In the area of outward bound and production transfer to comparative advantage with factor resources, R & D design and marketing have gradually become the strategic choice of enterprise development. The driving force of industry development is changing from quantity growth to technological innovation and brand promotion. New products, new technologies and new technologies are constantly being developed and applied. The rapid upgrading of labor productivity is the main feature of technological innovation, and brand promotion is more manifested in the enhancement of quality, design and quick response capability. The rapid development of e-commerce accelerates the industrialization and intellectualization of industry. The development of e-commerce has promoted the transformation and upgrading of industries, and has met the needs of small batch, multi variety, personalized and rapid response. E-commerce has become an important channel of circulation in the textile industry, and at the same time, it has stimulated the construction of enterprise informatization.

　 Production, investment and profit growth continued to fall.

China's economic growth is in the "shifting period", and the growth rate of textile industry has also slowed down. From the main textile index of Shengze silk chemical fiber, Keqiao textile, Changshu men's clothing, Changshu home textile and Dalang wool knitting, the upstream market sentiment index has declined rapidly since the beginning of the year, and the fluctuation index of the mid stream fabric prosperity index has been adjusted, and the downstream men's prosperity index has been in the doldrums.

By the end of August 2014, the A share report had been disclosed. From the data analysis of 105 textile and apparel listed companies, business income grew by only 1.16%, excluding profit from investment, and total profit fell year-on-year.

From the perspective of investment, investment growth slowed down, and new construction projects grew negative year-on-year. 1~8 month, industry investment increased by 13.86%, 2.21 percentage points slower than the same period last year, and new projects in the industry dropped 0.98% compared to the same period last year. Regional structural adjustment of industry investment has slowed down, the growth rate of investment in eastern and central regions has slowed down, investment in eastern and central parts has declined, and the proportion of investment in the West has increased.

The scale of Enterprises above scale continues to expand, but the growth rate is slow. 1~8 months, China's textile industry realized a total profit of 201 billion 151 million yuan, an increase of 10.87% over the same period last year. From the links of the industrial chain, the profit of garments, household textiles and industrial textiles approaching the terminal has increased rapidly.

From the quality and efficiency indicators, 1~8 month profit margin increased 0.12 percentage points year-on-year, three percentage share increased 0.05 percentage points year-on-year. Reflects the profitability of the industry continues to improve, but this year, the management efficiency has declined slightly compared with the same period last year, operating costs have been improved.

　　 Textile economy presents slow growth, structural adjustment and innovation. drive

According to statistics, this year 1~9 months, China's textile and clothing exports amounted to 221 billion 899 million US dollars, an increase of 5.95%, compared with the same period in 2013 dropped 6 percentage points. Among them, export prices fell by 0.51%, export volume increased by 6.28%, and the volume grew faster than prices. The United States, the European Union, Japan and ASEAN are China's key export markets for textiles and clothing, accounting for 55.75% of China's total exports to the world, up 1.11 percentage points from 2013.

It is worth noting that China's textile and apparel market share decreased by 0.97 percentage points in 1~8 months, accounting for 0.68 percentage points of the EU market share, accounting for 3.9 percentage points of Japan's market share in 1~8 month, 1~7.

Domestic retail electricity supplier be outstanding at a given time

In terms of domestic demand, domestic retail demand continues to expand, and garment demand growth is lower than overall demand. In 1~8 months this year, the total retail sales of consumer goods in China totaled 16 trillion and 610 billion yuan, an increase of 12.1% over the same period last year, and the retail sales of consumer goods limited to 8 trillion and 300 billion yuan, an increase of 9.7% over the same period last year. The retail sales of clothing Limited were 541 billion 550 million yuan, up 10.4% over the same period last year, lower than that of the domestic consumer goods retail sales by 1.7 percentage points. Sales in department stores grew slowly. In 1~8 months, the retail sales of key department stores increased by only 1.78% compared to the same period last year. The retail sales of clothing increased by 2.61% compared to the same period last year, and the volume of retail sales dropped by 2.25% over the same period last year.

Strikingly, e-commerce in the whole industry is developing rapidly. 1~6 month, the e-commerce volume of textile and clothing was 1 trillion and 410 billion yuan, an increase of 28.18% over the same period last year, accounting for 24.91% of the total volume of e-commerce transactions in the country. Among them, the volume of e-commerce transactions between textile and garment enterprises (B2B) was 1 trillion and 100 billion yuan, an increase of 22.22% over the previous year, and the total retail sales of apparel home textiles reached 277 billion yuan, an increase of 39.20% over the same period last year, accounting for 25.18% of the total retail sales of the whole country. Before August, the throughput of major textile and garment markets increased rapidly.

It is expected that stability will be achieved throughout the year. increase

Speaking of the challenges faced by the industry in the new normal, Xia Lingmin thinks that raw materials are the primary problem. The price difference between domestic and foreign cotton is relatively large, and the domestic cotton situation is complex. The development of chemical fiber raw materials lags behind product development, and the dependence on raw materials is high. The two is the increase in comprehensive costs, and the rise in labor and labor costs. The increase is down compared with the same period last year. In the first half of this year, the monthly income of migrant workers increased by 10.3%. Three, the pressure of energy saving and emission reduction is increasing, especially for the printing and dyeing industry. Affected by the macroeconomic environment, consumer demand growth slowed down, affecting domestic demand. International competitors' low factor cost and nibbling market share aggravate international competition.

For the future domestic demand market, Xia Ling min analysis said that with the improvement of urbanization rate, new opportunities will be brought to the development of the industry. In terms of international demand, there are no ups and downs in the international market. The US economic growth momentum is strong, and Europe's three quarter recovery has intensified. Affected by the increase in consumption tax, Japan's economy contracted sharply in the two quarter, but it is still in the recovery track. The differentiation of emerging economies, the BRICs economic growth is weak, and the "new drilling eleven countries" has a good economic trend.

It is estimated that the main business revenue of Enterprises above Designated Size in the textile industry will increase by about 8% in 2014, and the profit growth rate will remain around 10%, and export growth is expected to rise to around 7%. The whole industry will achieve steady growth.