The Textile Industry Is Full Of Resilience. The Growth Rate Of Production And Investment In April Is Still Reasonable.

Since 2019, facing the complex and severe trade situation, the textile industry has withstood internal and external market pressure, the overall operation situation has been stable, and the growth rate of production, investment and other operational indicators is in a reasonable range. The industry is full of resilience and has played a positive role in steady growth, stable foreign trade, stable investment and stable expectations. This is the news from the recently held fourth Chinese Textile Industry Federation's four governing Council and the four five executive directors' enlarged meeting held in Yanan.

Production growth remained stable. Since 2019, the added value of textile industry has been growing steadily. According to the statistics of National Bureau of statistics, the added value of textile industry increased by 4.1% over the same period 1~4 months. Industrial links increased in most sectors, and the added value of chemical fiber and industrial textiles increased by 14.3% and 7.7% respectively over the same period. The added value of clothing and home textile industry increased by 3.3% and 1.7% respectively over the same period. Output of major categories of products continued to grow. In 1~4 months, the output of chemical fiber increased by 13.87% over the same period of the year, and the output of yarn and cloth increased by 0.8% and 0.91% respectively. The clothing output decreased by 0.69% compared with the same period last year.

Domestic and foreign markets remain stable and under pressure. Since 2019, China's textile and clothing domestic demand market has maintained growth, but the growth rate slowed down obviously. Statistics show that in 1~4 months, the retail sales of clothing shoes and hats and needle textiles were above 441 billion 800 million yuan, up only 2.2% over the same period last year. The retail sales of clothing products of hundreds of key retail enterprises in the country decreased by 7.3% compared with the same period last month, slowing by 6.2 percentage points over the same period last year in 1~4 months. Over the same period, the online retail sales of apparel products increased by 23.7% over the same period last year, and maintained a two digit fast growth level, but the growth rate was 4.3 percentage points lower than that of the same period last year. Export pressure has increased, according to China Customs express data, 1~4 months, China's textile and clothing exports totaled 75 billion 760 million US dollars, down 3.7% compared to the same period last year, the growth rate is lower than the same period last year and the first quarter 7.9 and 1.9 percentage points. Exports of textiles increased by 0.8% over the same period last year, while garment exports decreased by 7.6% compared with the same period last year.

The scale of investment has decreased. In 2019 1~4, the fixed assets investment in the whole industry decreased by 1.3% compared with the same period last year, an increase of 0.5 percentage points over the same period last year. Among them, investment in textile and clothing industry maintained growth, 1~4 growth rate was 0.8% and 3.2% respectively, the textile industry dropped 1.3 percentage points from the same period last year, the clothing industry increased 14.7 percentage points compared with the same period last year, and the investment scale of chemical fiber industry decreased by 19.9% compared with the same period last year, lower than 44.9 percentage points of the same period last year. From the regional perspective, some provinces in the central part of China began to undertake the industrial spanfer of filament weaving and printing and dyeing industry, and the pace of investment has accelerated. Investment growth in the eastern region is still mainly driven by equipment upgrading and technological spanformation. Investment in Xinjiang tends to be rational, and investment growth has slowed down.

Operation quality and efficiency fluctuated slightly. The textile industry has increased its efficiency. According to the National Bureau of statistics, in 2019 1~4, 34 thousand Textile Enterprises above Designated Size achieved operating income of 1 trillion and 602 billion 760 million yuan, an increase of 4.9% over the same period last year, a 0.3 percentage point increase over the same period last year, and a total profit of 64 billion 950 million yuan, an increase of 0.7% over the same period last year, up by 0.2 percentage points over the same period last year. Some of the operational quality indicators fluctuated. In 2019 1~4, the operating profit margin of textile enterprises above designated size was 4.1%, which was 0.1 percentage points lower than that of the same period last year. The asset liability ratio of the industry is 56.2%, which has continued steadily since 2018. The turnover rate of finished products in Enterprises above designated size was 15.2 times / year, total assets turnover rate was 1.2 times / year, and the proportion of three fees was 7%.