Market Analysis Of China'S Textile Industry In The First Quarter Of 2015

In the first quarter of 2015, China

The growth rate of industrial added value is 6.7%, slightly lower than the GDP growth rate, which has dropped significantly compared with the previous years.

In the 1-3 month of 2015, China's textile exports amounted to US $25 billion 275 million, an increase of 4.34% over the same period last year, and clothing exports amounted to US $36 billion 155 million, an increase of 2.17% over the same period last year.

In general, the industry has been moving smoothly, with stable quality and efficiency indicators, improved industry investment information, continued industrial restructuring, stable domestic demand growth, and production.

The growth rate slowed down.

The printing and dyeing industry basically keeps pace with the whole textile industry, but also shows some characteristics.

Since 2015, China's printing and dyeing industry has actively overcome the adverse factors such as insufficient demand in the international and domestic markets, rising costs, financing difficulties and environmental pressures. It has accelerated the adjustment of industrial structure, and has maintained a steady growth in the main business indicators such as the main business income, profits, fixed assets investment and export of Enterprises above designated size.

The overall situation of economic operation is: first, the growth rate of production is decreasing.

In the 1~3 month of 2015, the printing and dyeing fabrics of scale printing and dyeing enterprises were 11 billion 4 million meters, down 11.15% from the same period last year.

Zhejiang, Jiangsu, Fujian, Guangdong, Shandong and other five eastern coastal provinces yield 10 billion 467 million meters, accounting for 95.12% of the total output of the country.

In the five provinces, the output of Guangdong decreased by 59.74%, while the output of Zhejiang and Shandong decreased by 1.67% and 9.02% respectively. The output of printing and dyeing fabrics in Jiangsu and Fujian increased by 3.53% and 10.25% respectively.

Second, the growth rate of investment has declined and the number of new projects has increased rapidly.

In 2015 1~3, the fixed assets of printing and dyeing enterprises over 5 million yuan were actually invested 7 billion 246 million yuan, an increase of 5.09% compared with the same period last year, and the growth rate dropped 44.22 percentage points compared with the same period in 2014. The number of construction projects was 286, down 6.23% from the same period last year, and the growth rate dropped by 21.32 percentage points compared with the same period in 2014. The number of new construction projects was 184, an increase of 19.48% over the same period last year, and the growth rate increased by 13.27 percentage points over the same period in 2014.

Among them, the actual investment volume, the number of construction projects, the number of new projects and the number of completed projects of cotton printing and finishing enterprises were faster than those of chemical fiber textile printing and finishing enterprises, up 8.70%, -1.78%, 32.11% and 23.81% respectively.

Third, operation quality and efficiency remain stable.

The operation quality is smooth.

In the 1~3 month of 2015, the proportion of printing and dyeing enterprises above Designated Size three was 6.20%, up 0.04 percentage points over the same period, of which cotton printing and dyeing enterprises were 6.03%, less than 3.73 percentage points of chemical fiber textile printing and dyeing enterprises.

The cost profit margin was 4.23%, an increase of 0.06 percentage points compared with the same period last year, and the profit margin of sales was 4.05%, an increase of 0.06 percentage points over the same period last year.

The turnover rate of finished goods was 6.29 times a year, an increase of 7.25% over the previous year, and the turnover rate of accounts receivable decreased by 2.54 times / year, down 0.85% compared with the same period last year. The turnover rate of total assets was 0.31 times / year, an increase of 0.09% over the same period last year.

Benefit growth slowed down.

In the 1~3 month of 2015, the main business revenue of printing and dyeing enterprises above Designated Size reached 80 billion 273 million yuan, an increase of 3.37% over the same period last year, and the growth rate increased by 1.33 percentage points over the same period in 2014. The total profit realized was 3 billion 249 million yuan, an increase of 4.99% over the same period last year, and the growth rate slowed down, the lowest since 12th Five-Year.

In 1~3 months, the printing and dyeing enterprises above Designated Size realized a sharp decline in the main business revenue and profit growth rate.

The deficit is basically flat and the deficit is increasing.

In the 1~3 month of 2015, there were 420 loss making enterprises in scale printing and dyeing enterprises, with a loss of 23.28%, representing an increase of 0.26 percentage points over 2014.

The total deficit of deficit companies totaled 487 million yuan, up 6.44% from the same period last year, and the growth rate increased by 6.27 percentage points over the same period in 2014.

Inventory growth declined.

In the 1~3 month of 2015, the finished product inventory of printing and dyeing enterprises above designated size was 30 billion 754 million yuan, down 2.44% from the same period last year. This is the first time negative growth has appeared in the past 5 years, and the growth rate has slowed down 8.16 percentage points compared with the same period in 2014.

Fourth, export growth has picked up.

In 2015 1~3, the total import and export volume of eight major products of printing and dyeing was 5 billion 727 million US dollars, up 5.89% from the same period last year, the growth rate dropped 0.58 percentage points over the same period in 2014, and the trade surplus was 4 billion 711 million US dollars, an increase of 11.28% over the same period last year. The growth rate increased by 2.21 percentage points over the same period in 2014.

Import growth continued to decline.

1~3 months of 2015,

The import volume of eight categories of products was 264 million meters, down 12.92% from the same period last year. The growth rate dropped 11.85 percentage points compared with the same period in 2014. The import amount was 508 million US dollars, down 13.53% from the same period last year, the growth rate dropped 11.61 percentage points compared with the same period in 2014. The average import price of imports was 1.92 US dollars / meter, down 0.69% from the same period last year, and the growth rate increased by 0.17 percentage points over the same period in 2014.

Export growth has increased slightly.

In 2015 1~3, the export volume of eight major products of printing and dyeing was 4 billion 349 million meters, an increase of 9.42% over the same period last year, a 5.55 percentage point increase over the same period in 2014, an increase of 5 billion 219 million US dollars in exports, an increase of 8.26% over the same period last year, an increase of 0.66 percentage points over the same period in 2014, and an average export price of 1.20 US dollars / meter, a decrease of 1.06% over the same period last year, a growth rate of 4.65 percentage points lower than that in the same period in 2014.

The main factors that affect the operation of the industry and the annual trend of operation in 2015:

At home, the domestic market demand is insufficient, the cost is rising, capital shortage and financing difficulties. The introduction and implementation of various environmental policies result in a series of problems, such as the pressure of energy saving and emission reduction, recruitment difficulties and so on, which are the main factors that affect the production and operation of enterprises.

Under the severe environment, enterprises should speed up the pace of structural adjustment, pformation and upgrading, actively overcome unfavorable factors, and maintain steady development of the industry.

According to the association's research, 45% of the research enterprises believe that the labor cost of enterprises is 10% to 20% higher than that of the same period in 2014. In the case of rising labor costs, 50% of the research enterprises believe that the overall production and operation are in good condition, and 35% of the research enterprises believe that the finished product inventory is 0% to 10% lower than that in the fourth quarter of 2014.

In terms of export market, the trend of textile and apparel orders pfer to Southeast Asia and other regions is increasingly obvious.

The increase in demand has led to an increase in China's printing and dyeing export, and its garment exports have further accelerated, driving the growth of imports from China at a rate of 50%.