Many Textile Enterprises Have Been Closed Down, But The Leading Enterprises Of Chemical Fiber Have Been Expanding, And The Structure Will Soon Be Overturned.

In August 29th, 2018 China's top 500 private enterprise summit hosted by the National Federation of industry and commerce was held in Shenyang. The 2018 top 500 list of private enterprises in China was released.

Among them chemistry

There are 15 enterprises in total, with a total revenue of 507 billion 365 million 830 thousand yuan.

The top 2 enterprises accounted for 41.7% of the total revenue of the industry.

The chemical fiber manufacturing industry was only distributed in three provinces, namely, 8 in Zhejiang, 5 in Jiangsu and 2 in Fujian Province, and the total revenue in the industry was 65.7%.

Chemical fiber manufacturing industry (a total of 15)

It is understood that 5 kinds of chemical related enterprises have a total of 122, with a total operating income of 343729563 yuan.

Among them, there are 3 in scale.

Ltd., Zhejiang Rongsheng Holding Group Co., Ltd. and Zhejiang Hengyi Group Co., Ltd.

Revenue scale of 500-1000 billion in 14, 100-500 billion in 86, 10 billion below 19.

Compared with last year, the list of the top 500 private enterprises has changed greatly, and 104 enterprises have entered the new list. Under this influence, the threshold for the top 500 private enterprises has continued to grow, reaching 15 billion 684 million yuan.

In 2017, the total operating income of the top 500 private enterprises was 24 trillion and 479 billion 382 million yuan, with a total household income of 48 billion 959 million yuan.

In addition, 17 of the top 500 private enterprises participating in the survey in 2017 were among the top 500 in the world, 1 more than last year.

While private chemical fiber giants are expanding, small and medium-sized enterprises in chemical fiber industry seem to be unhappy.

According to the information disclosed by Suzhou information management website, since January 1, 2018, a total of 205 enterprises have been involved in textile and chemical fiber industry because of bad assets leading to bankruptcy.

The principal and interest of these bankrupt enterprises were as high as 7 billion yuan, of which 90% were from Wujiang and Changshu.

According to the publicity issued by Suzhou Information Management Bureau, most of the reasons for the bankruptcy are due to the bad loans of banks.

There are as many as 782 items on the judicial auction website.

The reason for its collapse is nothing more than high cost and environmental protection. It seems that the survival environment of small and medium enterprises is becoming more and more dim, and the leading enterprises of chemical fiber are getting more and more prosperous.

The oligopoly situation of the industrial chain is highlighted, and the influence and control power of the industry is enhanced.

In 2018, the intensity of national environmental remediation and policy support were obvious. From then on, the GSP gradually tended to strengthen and support the superior industries, and the market competition of the whole industry would escalate again. The market was increasingly leading to a few technologies, and the giant enterprises with obvious capacity advantages concentrated.

Throughout the textile industry chain, the oligopoly of the industrial chain has been highlighted.

In the field of PTA, it has been gradually formed.

Fuhua group, Hengyi group, Rongsheng Petrochemical Company, Tong Kun group and other giants. In the upstream refining and chemical industry, Hengli Group, Rongsheng group, Hengyi group, Tong Kun group and Sheng Hong group project will soon be put into production. In the field of filament industry, the same giant enterprises occupy 43% of the capacity.

On the other hand, the influence and control power of oligopoly enterprises on the industry is obviously enhanced.

Take PTA as an example, after nearly two years of market supply and demand turning to a tight balance, PTA leading enterprises have taken the lead in changing the cooperation mode with downstream polyester factories.

One is adjusted from spot purchase to about two, and the other products are pported downstream. The settlement price is determined by a certain proportion of the cost plus spot market price, and the discount is given according to the quantity of delivery.

Leading enterprises have strong market influence and control capability.

According to the situation in recent years, domestic factories have higher requirements for the quality of products.

As a result, those enterprises with the general level of technology and manufacturing will face more severe challenges. The superiority of PTA enterprises with outstanding quality and productivity will become more prominent in the next competition.

Many of them were built earlier, and less competitive capacity of the old ones was basically in a long-term parking state.

By the end of 2017, domestic long-term parking capacity totaled about 6 million 250 thousand tons.

Due to the relatively backward technology and high energy consumption, such devices are not expected to be restarted in the future.

Objectively speaking, it will lead to the following two trends:

First, the industry's integration and differentiation is a major manifestation of the growth of leading enterprises' shipments will be higher than the growth rate of the industry, and these giants enjoy the advantage of bargaining at the same time, or will continue to maintain high profitability and achieve rapid growth in product sales, which will lead to more capital invading factories and further accelerate the concentration of enterprises.

Second, the capacity utilization rate of leading enterprises is still at a relatively high level. As the expansion cycle is relatively long, in order to further consolidate the market share advantage and meet the turning point of the industry, leading enterprises will not slow down the pace of expansion, but will continue to expand production at a certain rate. Those enterprises that follow the leading enterprises will promote their own development with the rapid growth of leading enterprises.

It is foreseeable that the advantages of these leading enterprises will become more prominent, and downstream enterprises in order to avoid risks, it is impossible to use only one raw material, not only the competition between the strong and the weak, but also the competition between the strong and the strong.

The Wall Street journal has mentioned earlier that China's ambitions in the globalized industry and the slowdown in China's economy have led to overcapacity of products, which has brought about dramatic changes in the global industry, prompting large enterprises to hold together for heating or upgrading.

This is an era of mergers and acquisitions. There will be more "small fish and shrimp" annexed this year, and the stronger the stronger, who will be the next acquisition?