The Situation Is Changing. Is The Opening Of Textile Machinery Industry In Line With Expectations In 2019?
In the first quarter of 2019, despite the complicated international economic situation and the Spring Festival holidays, the textile machinery industry started to meet expectations in the overall stable environment of the national economy and the textile industry. In the first quarter, the revenues and profits of textile machinery enterprises above Designated Size reached two digits, while the export of textile machinery remained stable, showing a slight growth trend.
Operation quality and efficiency
2019 1~3 textile machinery industry above designated size enterprises achieved operating income of 22 billion 982 million yuan, an increase of 14.57% over the same period. The growth rate dropped by 2.27 percentage points compared with the same period last year. The total assets amounted to 102 billion 501 million yuan, up 8.56% compared with the same period last year, and the growth rate was 1.10 percentage points lower than that of the same period last year.
The profitability of the industry continued to remain stable. In 2019 1~3, the total profit realized by Enterprises above Designated Size reached 1 billion 401 million yuan, an increase of 13.01% compared with the same period last year. The deficit of loss making enterprises was 145 million yuan, a 24.05% decrease compared with the same period last year, and the deficit was 20.35%. In 2019, the profit margin of textile machinery industry 1~3 was 6.10%, 0.10 percentage points lower than that of the same period last year.
In 2019 1~3, the total cost of the enterprises above Designated Size in the textile machinery industry was 21 billion 248 million yuan, an increase of 13.69% compared with the same period last year. The growth rate dropped by 3.19 percentage points compared with the same period last year, and the proportion of three fees decreased slightly compared with the same period last year.
Operation of key enterprises
In 2019 1~3, the textile machinery association tracking key enterprises survey data showed that the main business revenue was 10 billion 331 million yuan, an increase of 11.82% compared with the same period last year, accounting for 44.95% of the total textile industry, and the total profit reached 1 billion 87 million yuan, representing an increase of 15.18% compared with the same period last year. The deficit of loss making enterprises was 54 million 382 thousand yuan, an increase of 136.63% compared with the same period last year, with a deficit of 27.27%, a 5.53% lower than that of the same period last year. The total cost of key enterprises during the period was 8 billion 925 million yuan, an increase of 4.82% compared with the same period last year, of which the operating cost was 1 billion 880 million yuan, an increase of 5.53% compared with the same period last year, accounting for 21.06% of the total cost of the period; the management cost was 5 billion 843 million yuan, an increase of 6.26% compared with the same period last year, accounting for 65.47% of the total cost of the period; the financial cost was 1 billion 202 million yuan, which was 2.60% less than that of the same period last year, accounting for 13.47% of the total cost of the period.
Import and export of textile machinery industry
According to customs statistics, The total import and export volume of textile machinery in China in 2019 1~3 was 1 billion 721 million US dollars, down 1.50% compared with the same period last year. Among them: textile machinery imports $819 million, compared with the same period last year, a decrease of 4.69%; exports of $902 million, compared with the same period last year, an increase of 1.58%.
Import of textile machinery products
In 2019, 1~3 imported textile machinery from 58 countries and regions, with a total import value of US $819 million, a decrease of 4.69% compared with last year. The main countries and regions of import are mainly Japan, Germany, Italy, Belgium and China Taiwan. The trade volume of the top five importing countries is 698 million US dollars, up 1.83% from the same period last year, accounting for 85.25% of total imports.
From the category of imported products, the import of chemical fiber machinery ranked first, with a total import value of US $215 million, an increase of 3.97% compared with the same period last year, accounting for 26.25% of the total imports. Seven kinds of products, except chemical fiber machinery / weaving machinery, had different ranges of reduction. With the upgrading of the industry and the growth of downstream demand, weaving machinery maintained a relatively high import growth rate.
Export situation of textile machinery products
In 2019, 1~3 exported 902 million textile machinery to 170 countries and regions, an increase of 1.58% compared with the same period last year. The total amount of exports to India, Vietnam, Bangladesh, Uzbekistan and Indonesia accounts for 56.47% of the total export volume, and is the major country and region for the export of textile machinery in China. Affected by industrial pfer, the export volume of Uzbekistan and Vietnam increased significantly. Exports to Uzbekistan ranked first in the top five of textile machinery exports for the first time.
From the product category, knitting machinery exports amounted to US $253 million, an increase of 4.98% compared with last year, accounting for 28.06%, ranking first, followed by printing and finishing machinery, auxiliary devices and accessories, spinning machinery, weaving machinery, chemical fiber machinery and nonwoven machinery, seven categories of products three liters four down. Under the influence of textile enterprises' active overseas investment, the export growth of spinning machinery continued the growth of last year, mainly exported to Uzbekistan, Vietnam and Bangladesh in the first quarter.
market conditions
In the first quarter of 2019, the different segments of the textile machinery industry showed different operating conditions. The sales of most of the products of the spinning machinery showed different ranges of growth; the jet looms in weaving machinery maintained a high growth trend last year; sales of rapier looms continued to decline; the sales of circular knitting machines in knitting machines increased steadily; the overall market situation of warp knitting machines dropped; printing and dyeing and finishing machinery maintained the development trend of last year; the sales of chemical fiber machinery decreased slightly; the nonwoven machinery market did not recover significantly.
Industry outlook
Looking forward to 2019, the international trade environment is complex and changeable, and the textile market is facing challenges at home and abroad. Various uncertain factors still exist, but the trend of steady development of our national economy will not change. The continuous improvement of our domestic policy environment will help stabilize the domestic market environment and provide conditions for the smooth development of the textile industry. The textile machinery industry will continue to focus on the new kinetic energy and upgrading of products brought about by the pfer of textile industry, actively adjust the industrial structure, comply with market demand, respond to market fluctuations, and maintain stable development of the industry.
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