China'S Textile Industry Is Still Facing Many Kinds Of Risk Tests.

The efficiency of knitting is in the forefront in all industries, and the quality and efficiency of operation are steadily improved.

A bright spot in economic operation.

In 2013, the total profit of textile enterprises above designated size increased by 15.8% over the same period last year, up 8.1 percentage points from the previous year, and the sales profit margin increased by 0.2 percentage points compared to last year, reaching 5.5%. The turnover rate of finished products was 20.4 times / year, an increase of 7% compared with the same period last year, indicating that the market reaction ability was further enhanced; the total assets turnover rate was 1.6 times / year, 2.3% percentage points higher than the same period last year, and the operational efficiency gradually increased; the three fee ratio was 6.2%, a decrease of 0.1 percentage points compared with the same period last year, and the management level was steady and steady.

Under the pressure of cotton price difference between inside and outside cotton mills, the quality of the cotton textile industry has been significantly improved. The turnover rate of finished products, total assets turnover and three charges are 24 times / year, 1.8 times / year and 4.6% respectively, all obviously better than the average level of the industry.

The total profit of knitting industry increased by 29.5% over the same period last year.

The rate is 6.1%, and the benefits are in the forefront among all industries.

The operation quality indicators of home textiles and industrial textiles are generally higher than the average level of the whole industry, indicating that the production and operation of enterprises and the link with the market are more smoothly.

The operation quality indicators such as profit rate and asset turnover rate of garment industry are better than the average level of the industry. However, the turnover rate of finished products in the 18.6 / year is lower than that in other terminal industries, and the profit margin of 5.9% is slightly lower than that of last year.

The operation quality index of chemical fiber and filament weaving industry is obviously lower than that of the industry average level, and the operation pressure of the industry is relatively large.

The new growth point of industrial textiles will play a significant role.

The central and western provinces show strong regional impetus.

The seriousness and complexity of the external situation have accelerated the reshuffle of the industrial organization structure.

Relying on the accumulation and upgrading of independent innovation capability, backbone enterprises continue to develop steadily and contribute more to the economic growth of the industry.

According to the fifteenth issue of the enterprise operators tracking survey report of the China Federation of textile industry, the start and benefits of large and medium-sized enterprises are generally stable. More than 50% of large enterprises say profits increase, which is 11 percentage points higher than the average proportion of the surveyed enterprises.

In terms of industrial chain structure, the new growth point of the industry textile industry continues to play its role.

The industrial added value and profit volume of Enterprises above designated size increased by 12.9% and 16.4%, higher than the average industrial growth rate of 4.6 and 0.6 percentage points. The total output of products reached 11 million 300 thousand tons, an increase of 11.9% compared with the same period last year. The proportion of fiber consumption to the three largest terminal products of clothing, household and industrial was optimized to 48: 29: 23.

The textile industry in the Midwest shows strong regional economic structure.

Over the Midwest

The main business income increased by 15.5% over the same period, higher than the eastern region's growth rate by 5.3 percentage points, and the total profit grew by 27.1% over the same period last year, higher than the 15.2 percentage point in the eastern region.

Risk warning

Lack of market regulation for cotton supply

Industrial layout adjustment slowed down

Excessive import of cotton yarn damages China's textile integration advantages

Market risks and variables should be highly concerned by policies.

The increase of cotton yarn imports is equivalent to the limited market share of cotton spinning enterprises, and the pressure of survival is increasing.

But from another point of view, the import of cotton yarn is equivalent to increasing the supply of raw materials with competitive price, and playing a role in ensuring the smooth operation of the downstream and downstream industries, especially the downstream labor intensive industries.

The textile industry is concerned about the import of cotton yarn, rather than out of doors, but a strong expectation of the whole industry chain's recovery and marketization.

If the import trend of cotton yarn is too fast, it will be the integrated competitive advantage of China's textile industry chain system.

The cotton price difference at home and abroad is still the first stagnation in the textile industry.

In 2013, the average spot price difference between domestic and foreign cotton was 4974 yuan / ton, an increase of 6.2% over the same period last year. Cotton import is under quota control, cotton spinning enterprises can not adjust their raw material procurement independently, and the loss of efficiency and market competitiveness has not stopped.

Because of the high cost of middle and low grade yarn in China, the knitting and home textile enterprises in the downstream of the textile industry chain are increasing the import of cotton yarn, making up for the shortage of domestic resources. In 2013, the import volume has reached 2 million 100 thousand tons, which increased by 37.4% over the same period.

The cotton problem in 2014 is more complicated.

The purchase and storage will be completely stopped, the price limit will continue to be stored and the local cotton planting will be planted locally. The domestic cotton management will enter the parallel stage of the dual mechanism of the plan and the market.

Because the surplus of cotton stock is too large, the policy of storage and quotas will still dominate the domestic cotton market.

However, the policy of planting direct subsidy and restoring market regulation can not be seen in the short term, and there are variables in the long run.

The problems such as poor cotton procurement, high price and low quality of cotton enterprises are still not solved in 2014. The market risks and variables caused by the policy need to be highly concerned.

High overall cost and loss of international market share

The survival of small and micro enterprises will also be more prominent.

The continuous high cost makes the pressure of China's textile enterprises participating in the international market competition more prominent.

Due to the lack of scale benefit support, small and micro enterprises are more obviously affected by the pressure of rising costs, and the pressure of survival is outstanding.

Continuous improvement of comprehensive cost is the most realistic pressure faced by textile enterprises at present.

In 2013, textile industry labor prices continued to normalize. According to the data released by the National Bureau of statistics, the average per capita income of migrant workers increased by 13.9%; the survey showed that the labor cost of textile enterprises generally increased by about 10%.

For example, considering the price increase of production factors such as excipients and logistics, the increase of operating costs such as financing and channels, and the loss of income or investment brought about by the policy factors such as RMB appreciation and environmental protection tasks, the pressure of comprehensive cost of textile enterprises is even more prominent.

The loss of export market share of textile industry continued in 2013. The proportion of China's total imports of textiles and clothing in the EU, the United States and Japan was 38.4%, 39.8% and 71.2%, respectively, representing a decrease of 1.4 percentage points, 0.4 percentage points and 2 percentage points respectively compared with 2012.

The survival pressure of small and micro enterprises is highlighted. According to the survey data of 18 industrial clusters by the China Apparel Association, the number of small and micro enterprises in the first three quarters of 2013 decreased by 11.7% compared with that of the previous year, and the clothing output decreased by 6.6% compared with the same period last year.

In 2014, the comprehensive cost pressure faced by the textile industry will not be reduced.

In addition to the continued increase in labor costs, the material input of enterprises in ecological and environmental protection needs increasing.

Domestic monetary liquidity will be affected by the macroeconomic situation or will shrink. The total cost of social financing will increase.

According to the latest data in January 2014, the share of China's textile industry in the US market was basically flat, the share in Japan dropped by 0.7 percentage points, and the international competition pressure remained large.

The survival problems of small and micro enterprises will also become more prominent, and the relevant situations must still be highly concerned.