Analysis Of The Operation Of The Industrial Textiles Industry In The First Quarter Of 2019

In the first quarter of 2019, China's industrial textiles industry continued to maintain a relatively high growth rate to overcome various unfavorable factors.

According to the National Bureau of statistics, the industrial added value of industrial textiles increased by 9.4% in the first quarter, an increase of 1.3 percentage points over the same period last year, and the overall efficiency of the industry has improved.

According to the National Bureau of statistics, the output of non-woven Enterprises above Designated Size reached 981 thousand and 400 tons in the first quarter, an increase of 13.65% over the same period, and the market demand continued to boom. The output of cord fabric was 141 thousand and 300 tons, down 4.82% from the same period last year.

Nonwovens are widely used in the market, and demand continues to grow at a relatively fast rate. The cord fabric is mainly used for automobile and bicycle tires, with narrow application area and relatively large fluctuation in output.

According to the National Bureau of statistics, the main business revenue and profit of Enterprises above Designated Size in the first quarter were 57 billion 362 million yuan and 2 billion 634 million yuan respectively, representing an increase of 13.43% and 16.86% compared with the same period last year. The profit margin of the industry in the first quarter was 5.32%, an increase of 0.16 percentage points over the same period last year.

With the continuous growth of market demand and the successive landing of the policy of "reducing taxes and lowering taxes", the profitability of the industry has begun to improve. The gross profit margin of the industry has increased by 0.1 percentage points compared to the same period last year, and the proportion of three fees has also decreased by 0.37 percentage points compared with the same period last year.

The deficit of the deficit enterprises in the industry has decreased by 11.54%, reversing the rapid growth of the deficit in the industry deficit over the past year.

Listed companies, 18 industrial textiles listed companies announced the first quarter report, half of which achieved double growth in main business revenue and profits, the overall main business revenue increased by 11.02%, total profit grew 63.70%, profit margin 10.98%, an increase of 3.53 percentage points compared to the same period, far higher than the industry average.

According to customs data, exports of China's industrial textiles industry maintained growth in the first quarter, and imports declined. Exports totaled 6 billion 424 million US dollars, an increase of 5.72% over the same period last year, and imports of US $1 billion 549 million, down 8.78% from the same period last year.

Among the main export products, the export volume of industrial coated fabric, felt cloth and tents, nonwovens, disposable sanitary goods, wire rope (cable) textiles, wipes, and industrial glass fiber products increased by 3.05%, 9.57%, 8.53%, 13.12%, 6.63%, 7.90% and 6.24%, respectively. The average univalent of industrial coated fabrics, felt cloth and tents, wire rope (cable) textiles and wipes have increased in varying degrees.

Overall, the industry textile industry started well in 2019, and demand and production maintained rapid growth. The enterprises had strong confidence in the future development. But at the same time, the industry development was also faced with many challenges and uncertainties, especially the growth of export tariffs caused by Sino US trade friction. The industry needs to respond positively through various channels, defuse risks, ensure stable operation of the industry throughout the year, and maintain a certain growth rate.