4 Characteristics Of China'S Industrial Textiles Industry

According to statistics, in the first three quarters, the industrial added value of Enterprises above Designated Size in the industrial textile industry increased by 10%, the total revenue and profit of main businesses increased by 6.83% and 8.59% respectively, and the fixed assets investment was basically the same as that of last year; the export and import of industries decreased by 3.42% and 4.55% respectively.

According to the association's survey of member enterprises, the industry index of the first three quarters increased by 3 percentage points over the first half of the year, 75.4, which is basically the same as the same period last year.

At present, China's industrial use

Taking technological innovation as the core, increasing product development and business expansion, strengthening enterprise management, reducing costs and improving efficiency, overcoming all kinds of unfavorable factors, maintained steady growth in the first three quarters.

Output of major products increased steadily.

According to the association's research, the demand index and production index in the three quarter of the industry were 64.8 and 70.3, compared with the same period last year and the first half of this year.

The production of nonwoven and cord fabrics of enterprises in China was 4 million 178 thousand tons and 629 thousand tons respectively, representing an increase of 6.39% and 8.2% compared with that of the previous year, while the export volume of the two products increased by 15% and 13.5% during the same period.

The export volume of other major products has also increased steadily. The number of coated fabrics has increased by 6.22%, the export of packaged textiles has increased by 18.02%, and the export of airbags has increased by 24.44%.

But some traditional products

The number has declined to varying degrees, for example, 4.54% of the textiles for safety protection, 11% for canvas, and 9% for ordinary line products.

Therefore, as a whole, the demand for industrial textiles in China is still growing steadily, but the adjustment of demand structure has led to a decline in the output of some products.

Industry investment slowdown

In the first three quarters, the fixed assets investment of Enterprises above designated size was 49 billion 370 million yuan, a slight increase of 0.51% compared to the same period last year, and the growth rate dropped further compared with the first half of the year.

The drop in investment speed is closely related to the overall environment of the decline in the speed of industrial investment. It helps the industry to gradually digest the rapid growth of capacity in the past few years, help the industry adjust and optimize the supply structure, and play a positive role in the sustainable development of the industry.

In terms of field, the investment of nonwovens still maintained 5.6% growth, the investment of cable and cable increased by 1.48%, while the investment of textile belt and cord fabric and canopy sail dropped by 10%.

As the growth rate of industry investment declined, the growth of assets and liabilities of the industry also dropped compared with the same period last year. The asset liability ratio decreased by 1 percentage points and interest expense decreased by 9%.

Continuous improvement of economic benefits

According to the National Bureau of statistics, in the first three quarters, the total business revenue and profits of Enterprises above designated size were 225 billion 280 million yuan and 13 billion 350 million yuan respectively, representing an increase of 6.83% and 8.59% respectively.

The average profit rate of the industry was 5.93%, an increase of 0.14 percentage points compared to the same period last year. The loss of the industry was 10.53%, and the deficit of the deficit companies was 300 million yuan, down 25.57% from the same period last year.

In 2011, the growth of the gross revenue and profit of the industry's textile industry increased by about 30%. After a relatively large decline in 2012, the total profit growth rate remained stable for a period of time and was higher than the income growth rate. However, the difference in the growth rate of the two indicators in the three quarter of this year has narrowed.

On the one hand, the slowdown in revenue growth is due to the decline in raw material prices and fierce competition in the market, resulting in a reduction in product sales prices. On the other hand, the demand for mature parts of the industry is gradually saturated.

From the perspective of profit structure, the gross profit margin and operating profit rate of the industry increased in the three quarter.

According to the industry, the main business income and gross profit of nonwoven fabrics increased by 9.45% and 7.22% respectively, with a profit margin of 5.89%, and the deficit of loss making enterprises decreased by 28.88%. The total profit of nonwoven fabrics increased by less than that of main business, and their profitability declined slightly. The main reason was that the rising cost of raw materials made the cost of enterprises rise, but the gross loss of the enterprises decreased.

Although the proportion of ropes and cables is not high in the whole industry, its main business revenue and gross profit have increased by 11.52 and 12.01% respectively, with a profit margin of 6.43%. With the development of high technology products in the industry, the application scope of ropes will expand and the industry will continue to maintain high growth.

Although the income of textile belts and cord fabrics has been reduced, the total profit has increased by 5.55%, the loss has been reduced by 67.48%, the profit margin has been 5.93%, and the total profit of canvas has increased by 21.23%. The two industries have already been out of the doldrums in previous years, and their operating conditions are getting better.

The association tracks the situation of 12 main board and GEM listed companies in the industry.

In the first three quarters of the year, the fixed assets of these listed companies increased by 11.79% over the same period last year.

In terms of revenue, two enterprises' main business income decreased compared with the same period last year, while the growth rate of the 12 enterprises was 8.28%. In terms of profits, 11 enterprises achieved profits, but the total profits of 6 enterprises decreased year by year, and the total profits of 12 enterprises increased 1.49%.

The average profit margin of 12 enterprises was 8.82%, which was 0.6 percentage points lower than that of the same period.

According to the association's survey of member enterprises, the total revenue and profit of the main businesses increased by 1.22% and 12.97% respectively, and the value of export delivery increased by 4.41%.

In the first three quarters of the year, the finished product price index of 43.2, though still below the line of prosperity and decline, has improved considerably compared with the same period last year and the first half of this year. The price index of raw materials 61.4 has entered a rising interval, which will have a negative impact on the profitability of enterprises.

The inventory and accounts receivable of enterprises are relatively stable.

Import and export decline

In the first three quarters, China's industrial textiles exported to US $18 billion 560 million.

4 billion 620 million US dollars, down 3.42% and 4.55%, respectively, and the decline in exports has increased compared with the first quarter and the first half of the year.

1, main products

In the 9 main products with an export volume exceeding 1 billion US dollars, only two kinds of exports increased to varying degrees. Among them, the export volume of textile products increased by 11.1%, the exports of nonwoven fabrics increased by 3.87%, while the exports of other products decreased by a different margin. The export volume showed an opposite trend. Only a small decrease in the export volume of textile fabrics for the sails and textiles for safety protection, while the export volume of textiles for packaging textiles, nonwoven fabrics and pport vehicles increased by 18.02%, 15.04% and 14.94%, indicating that the demand for Chinese goods in the international market was still very strong.

The prices of nonwoven and pport textiles remained basically stable in the main export products, while the export prices of packaged textiles, sail sails, and rope (cable) textiles were all over 10%.

The main factor of the decline of China's industrial textiles exports is the decline in product prices. On the one hand, price declines are related to the low price of raw materials, and on the other hand, they are related to the exchange rate changes between major currencies.

2. Main markets

In the first three quarters, the export volume of China's industrial textiles industry to Asia, the EU and North America declined to varying degrees, but exports to non EU countries in Europe increased by 3.7%.

From the perspective of the country and region, the export volume of the top 10 countries and regions accounts for over 50% of the total export volume of China's industry.

In these 10 countries and regions, Japan is the second largest offshore market of industrial textiles in China, with an increase of 1.57% in exports.

In recent years, China's exports to Vietnam have continued to grow. Vietnam has surpassed the developed countries to become the third largest market in China's industry. The growth rate in the first three quarters was 4.27%. Philippines was the ninth largest market, and its exports increased by 8.89%. In other major markets, exports to Korea, India, Germany, the United Kingdom and Indonesia decreased slightly.

The United States is the largest export market in China. It is also the most powerful market in history. However, its exports to the US for the first time since 2016 dropped by 0.42% in the first quarter, 2.96% in the first half, and 3.57% in the first three quarters.

Exports to Vietnam and Philippines accounted for 60% of the total exports of coated fabrics, nonwovens, synthetic leather and base cloth, diapers and sanitary napkins. The growth rate of exports of nonwovens and diapers and sanitary napkins exceeded 12%. However, the export volume of coated fabrics was basically the same as that of the same period last year, while the export of synthetic leather and base cloth decreased by 7%.

China's nonwovens industry has strong advantages in Vietnam and other countries. As these countries increase their incomes and accelerate infrastructure construction, there will be room for growth in the future.

In addition, the export growth of agricultural network and packaging textiles to the two countries is also very fast.

3. Import

In the first three quarters, China's imports of industrial textiles amounted to 4 billion 620 million US dollars, down 4.55% from the same period last year.

According to the varieties, the import amount of baby diapers and sanitary napkins is US $917 million, which is the largest industrial textiles imported by China. The import volume is basically flat with the same period last year, and the trend of large increase is controlled.

The imports of non-woven and industrial coated fabrics were 614 million US dollars and 592 million US dollars respectively, down 6% and 9.19% respectively from the same period last year.

The import of airbags has increased strongly, with an import of US $474 million, an increase of 14.17%. Meanwhile, the import of car seat belts has increased by 28.8% over the same period.

The significant increase in the import of pport textiles was closely related to the demand of China's auto market this year. In the first three quarters, China's passenger vehicle output reached 19 million 420 thousand, an increase of 13.25% over the same period last year.

From the point of view of importing countries and regions, Japan is the largest source of import of industrial textiles in China. The import volume from Japan in the first three quarters was US $1 billion 368 million, of which 53% of the urine pants and sanitary napkins accounted for 53%. China's Taiwan region is the second largest source of imports, with an import volume of 532 million US dollars. South Korea, the United States and Germany are third to 5. The imports from these three countries are 512 million, 375 million and 237 million dollars respectively.

Sum up

Despite the complex domestic and international environment, China's industrial textiles maintained stable operation in the first three quarters, the main economic indicators grew rapidly, and the economic benefits were stable at a relatively good level. However, the growth rate of production, income, profits and investment exports had decreased in varying degrees, and the growth of the industry was faced with many challenges.

From the whole year, the industry will continue to continue for the three quarter. Production and main business revenue have maintained a rapid growth. Fixed asset investment is basically flat last year, and exports will decline slightly.