Last Year, The Overall Operation Of China'S Textile Machinery Industry Showed A Trend Of Adjustment.

In the 1-12 month of 2019, under the complex background of risk challenges rising at home and abroad, China's textile machinery industry was under pressure, and the main economic indicators of the industry showed a downward trend. However, China's textile machinery exports still maintained a slight increase, while imports dropped two digits.

Operation quality and efficiency

In the 1-12 month of 2019, the operating income of 675 textile machinery enterprises above Designated Size reached 81 billion 952 million yuan, a decrease of 7% compared with the same period last year, an increase of 15.82 percentage points lower than that of the same period last year. The total assets amounted to 107 billion 229 million yuan, an increase of 4.94% compared with the same period last year. Industry earnings pressure dropped slightly compared with the three quarter. In 2019 1-12, the total profit of textile machinery enterprises above Designated Size reached 5 billion 867 million yuan, 3.60% lower than that of the same period last year, and the operating profit margin was 7.12%, which was 0.38 percentage points lower than that of the same period last year. The deficit of loss making enterprises was 375 million yuan, a decrease of 8.32% compared with the same period last year, with a deficit of 14.96%, an increase of 1.59 percentage points over the same period last year.

In 2019 1-12, the total cost of spinning machinery enterprises above designated size was 75 billion 239 million yuan, down 7.35% from the same period last year, and the growth rate was 16 percentage points lower than that of the same period last year.

Operation of key enterprises

In 2019 1-12, the key enterprises of Textile Machinery Association completed the main business revenue of 28 billion 455 million yuan, a 10.39% decrease compared with the same period last year, and realized a total profit of 3 billion 969 million yuan, a decrease of 24.17% compared with the same period last year. The deficit of deficit companies was 141 million yuan, an increase of 23.69% compared with the same period last year, with a deficit of 17.11%. The total cost of key enterprises during the period was 7 billion 215 million yuan, a decrease of 5.73% compared with the same period last year. The operating expenses were 1 billion 370 million yuan, representing a decrease of 12.70% over the previous year, accounting for 18.98% of the total cost of the period. The management cost was 5 billion 121 million yuan, a decrease of 4.03% over the same period last year, accounting for 70.96% of the total cost of the period, and the financial cost was 725 million yuan. A decrease of 3.19% over the previous year, accounting for 10.04% of the total cost of the period.

Import and export of textile machinery industry

According to customs statistics, the total import and export of textile machinery in China in 2019 1-12 amounted to US $7 billion 116 million, down 3.81% compared with the same period last year. Among them: textile machinery imports $3 billion 333 million, compared with the same period last year, a decrease of 10.49%; exports of $3 billion 783 million, compared with the same period last year, an increase of 2.96%. The export growth rate is obviously larger than the import growth rate, and this year has maintained a favorable balance of trade.

Import of textile machinery products

In 2019 1-12, textile machinery was imported from 70 countries and regions, with a total import value of US $3 billion 333 million, down 10.49% from the same period last year. The main importing countries and regions of textile machinery are Japan, Germany, Italy, China, Taiwan and Belgium. The trade volume of the top five imports is US $2 billion 777 million, a decrease of 8.65% compared with the same period last year, accounting for 83.31% of total imports. Since March this year, the volume of imports from Japan has always maintained the first place and maintained a positive growth trend.

Judging from the category of imported products, the import of chemical fiber machinery ranks first, with a total import value of US $913 million, an increase of 20.44% compared with the same period last year, accounting for 27.39% of the total imports. Driven by downstream demand, chemical fiber machinery continued to maintain import growth.

Export situation of textile machinery products

In 2019, 1-12 textile machinery exported to 3 billion 783 million countries in 192 countries and regions increased by 2.96% compared with the same period last year. The total amount of exports to India, Vietnam, Bangladesh, Turkey and Indonesia accounts for 53.19% of the total export volume, and is the major country and region for the export of textile machinery in China. Exports to Vietnam have maintained a relatively large growth rate, but the growth rate has slowed down compared with the three quarter.

According to customs statistics, exports of textile machinery in 2019 were divided into large categories: the export volume of knitting machinery was 1 billion 12 million US dollars, an increase of 5.87% compared with last year, accounting for 26.76%, ranking first, followed by printing and finishing machinery, auxiliary devices and spare parts, spinning machinery, weaving machinery, chemical fiber machinery and nonwoven machinery, and seven categories of products five liters and two down. The export of chemical fiber machinery increased significantly.

Industry outlook

In 2019, the global economic growth slowed down, the external instability and uncertainties were more, the domestic cyclical problems and structural contradictions overlapped, and the downward pressure on China's macro-economic continued to increase. The export market of textile industry has been adjusted, and the potential of domestic demand market needs to be excavated. Affected by this, the overall operation of China's textile machinery industry shows an adjustment trend, and the export market performance is better than the domestic market.

2020 is the year of building a well-off society in an all-round way and ending the 13th Five-Year plan. From the perspective of the global economy, there are no signs of a definite improvement in the factors restricting economic growth. The global new coronavirus epidemic has a certain impact on China's economic development. Demand and production are slowing down, consumption is sluggish, investment is sluggish, and the industry is facing enormous challenges. It will take some time for the economy to recover from full to normal operation. The operation of the industry in recent years is in a gradual recovery stage, but at the same time, in order to alleviate the difficulties brought by the epidemic, the relevant departments of the state and local authorities have issued a number of supportive policies to help boost market confidence. In the long run, the fundamentals of our economy remain stable, and the industry is still resilient. The industry needs to work hard, improve product quality and development capabilities, enhance international competitiveness, and ensure the steady progress of the industry.