In The First Half Of 2018, The Operation Of The Industry Will Be Steady.

In the first half of 2018, the global economy continued to recover. China actively promoted the reform of the supply side structure and made steady progress in economic development. However, the rise of protectionism in the global trade area and the rise in oil prices all had some impact on the development of the industrial textiles industry.

In the first half of this year, the industrial added value of China's textile industry increased by 7.8%, an increase of 3.8 percentage points over the same period last year, and the total business revenue and profit of Enterprises above designated size increased by 7.75% and 1.39% compared with the same period last year, and the profit rate of the industry was 5.1%.

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In the first half of 2018, the business climate index in the first half of 2018 was 77.9, and the expected index for the second half of the year was 71.5, which declined compared with the whole year of 2017. This reflects the complex economic environment that has brought certain impact on the performance and future expectations of the enterprises. However, the two indicators are still far from the withered line.

According to the association's research, the demand index of the domestic market in the first half of the year was 72, and the foreign market demand index was 65.1.

The demand has a certain negative effect; the production index of the industry is 76, which is basically the same as 2017.

Judging from the main products, according to the National Bureau of statistics, the output of nonwovens reached 1 million 850 thousand and 100 tons in the first half of this year, an increase of 8.24% compared with the same period last year, and the output of cord fabrics was 315 thousand and 200 tons, a decrease of 3.38%.

Nonwovens as the main raw materials for industrial textiles, after the adjustment in 2017, the output growth rate has exceeded 2016, but there is a certain gap with the high growth rate before 2015.

Cord fabric is a traditional product of the industry, and its market is closely related to tire demand. In the first half of this year, the output of China's tires increased by only 0.3%, and the amount of polyester and nylon cord fabrics was basically flat.

According to the National Bureau of statistics, in the first half of the year, the total business revenue and profit of Enterprises above Designated Size in the industrial textile industry were 128 billion 918 million yuan and 6 billion 580 million yuan respectively, representing an increase of 7.75% and 1.39% compared with that of the previous year. The growth rate of income in the textile industry is at a relatively high level, and the total profit growth rate has also reversed the decline since 2017.

The average profit rate of the industry was 5.1%, down 0.32 percentage points from the same period last year, and the gross profit margin was 13.15, down 0.56 percentage points compared with that of the previous year. The deficit of the industry was 14.66%, and the deficit of the loss making enterprises was 439 million yuan, up 49.31% over the same period, and the deficit and the intensity of loss had been enlarged.

According to the analysis of the association's backbone enterprises, the main business revenue and profit of the backbone enterprises in the first half of 2018 increased by 14.11% and 2.65% respectively, with a profit margin of 7.06%.

In the first half of the year, the profit growth rate of the industry resumed a slight increase, mainly due to the strong development momentum of other industrial textiles, such as filtration, geotechnical engineering, security and vehicle textiles. The total revenue and profit of the main business increased by 9.02% and 30.34% respectively, with a profit margin of 7.11%, which is the highest profit margin in the spinning industry.

The high prices of the main raw materials in the industry still cause great pressure on the profitability of the industry as a whole.

In the first half of 2018, the prices of major raw materials such as PET staple, nylon, polypropylene and other industrial textiles were relatively high compared to 2017. The price of PET staple has been rising since May 2017. It is still maintained at a higher price range, and the price range of polypropylene fiber in the first half of this year has reached 10%.

In the first half of this year, the total revenue and profit of China's non-woven Enterprises above Designated Size reached 62 billion 236 million yuan and 3 billion 105 million yuan respectively, representing an increase of 7.42% and a decrease of 0.37% compared with the same period last year. The delivery value of exports increased by 14.38%, and the profit margin was 4.99%, down 0.39 percentage points from the same period last year.

Judging from the value of production, sales and export delivery, the market demand of nonwovens remains strong, and the growth rate of income is lower than the growth rate of production. This shows that although the price of raw materials has risen sharply, it is difficult for enterprises to pfer the pressure of rising costs to downstream users.

In the first half of the year, the loss of nonwovens increased from 9.72% in the same period last year to 14.18%, and the losses of loss making enterprises increased by more than 70%. The increase in raw material prices and fierce competition in the industry made some enterprises more difficult to manage.

The main business revenue of the cable rope increased by 5.79%, and the profit decreased by 3.63%. However, the deficit of the loss making industry also dropped by 28.08%.

The main business revenue of textile belts and cord fabrics increased by 14.04%, the highest in the industry and 1.96% in profits.

The main business income of the canvas industry in the first half of last year was basically the same as that of last year. However, the rising cost of raw materials and the gradual tightening of environmental policies led to the continuous increase in the cost of industrial enterprises, a sharp decline of 24.87% in profits and 1.39 percentage points in profit margins.

According to the National Bureau of statistics, in the first half of the year, the export delivery value of Enterprises above designated size increased by 5.57% compared with the same period last year. The delivery value of nonwoven fabrics increased by 14.38%, and the growth rate increased by 7.89 percentage points compared with the same period last year.

From the data of Enterprises above Designated Size, the proportion of export value of industrial textiles in the proportion of income has been slightly higher than that of clothing, and the importance of overseas market for the smooth development of the industry is improving.

In the second half of this year, China will continue to adhere to the general keynote of steady progress and adopt a positive policy combination to defuse risks and stabilize development expectations. However, the risk of rising raw material prices and Sino US trade friction is increasing, and the addition of multiple risk factors will have a greater negative impact on the development of the industry.

It is expected that the main indicators of the industry will maintain a single digit growth at medium to low speed, the profitability of the industry will be reduced, and the differentiation between enterprises will become more obvious.