Return To Fundamentals, How Much More Space Do You Have? Many Textile Enterprises Are Doing So?

Market brief

Zheng cotton opened up concussion, the main contract was small added, good enough, it is expected that short-term Zheng cotton will continue the shock market. The spot market is flat, cotton prices are stable, lint supply is adequate, short term market demand continues to be weak, procurement of textile enterprises is prudent, real estate cotton purchase and sale basically stagnate, Xinjiang cotton is weak and stable, quality resources are still very high, mainstream prices have not fluctuated significantly, spinning mills are cautious about purchasing high priced cotton, and imported cotton is still dominated by Brazil cotton and India cotton, and demand is weak, buying and selling. It is also not active. In the short term, many countries in the world are beginning to work hard to restore the economy. The market is expected to have some improvement in the epidemic situation, to a certain extent, to alleviate the pessimistic atmosphere of the market, and to interact with the policy stimulus in the short term. It is estimated that cotton prices will be adjusted in the same range, focusing on macroeconomic policies and the weather in Xinjiang.

Acrylonitrile prices are weak and volatile, there is no obvious support for terminal demand, downstream acrylic fiber load continues low, acrylonitrile plant load adjustment is not large, Zhejiang Petrochemical new plant put into operation is expected to continue, the market to see the air atmosphere is difficult to reduce, the circulation of intermediate business has been restored to the basic level, the factory close to the month, the business price expectations for manufacturers, wait-and-see, the main city. There is no lack of low-end offer heard, short term acrylonitrile price range is expected to be the main shock. Acrylonitrile fiber prices remain consolidated, the industry fundamentals are not good, acrylic plant equipment load remains low in history, the industry capacity rate of reference 27%, manufacturers digestion inventory mainly, the market is still worried about the macro face, short-term concern about cost changes, expect the acrylic fiber price stabilization.

The National Bureau of statistics has preliminarily accounted for 206504 billion yuan of GDP in the first quarter, which fell by 6.8% year-on-year at comparable prices. According to the industry, the added value of the primary industry is 10186 billion yuan, a decrease of 3.2%; the second industry added value of 73638 billion yuan, a decrease of 9.6%; third industrial added value of 122680 billion yuan, a decrease of 5.2%. In the first quarter, the industrial added value of above scale industries decreased by 8.4% compared with the same period last year. The output of non-woven fabrics, chemical drugs and crude oil increased by 6.1%, 4.5% and 2.4% respectively. In the first quarter, the per capita disposable income of the whole country was 8561 yuan, up 0.8% from the nominal growth year after year, and the price factor actually dropped by 3.9%. According to permanent residence, the per capita disposable income of urban residents was 11691 yuan, nominal growth of 0.5%, and the actual decline of 3.9%.

Recently, Xu Kemin, director of the Ministry of industry and industry policy and regulation, said that small and medium-sized textile enterprises are facing three difficulties. One is the lack of demand. From the domestic perspective, the retail sales of clothing, shoes and hats and needle textiles in the domestic market exceeded 31% from 1 to February. Internationally, since March, a large number of export orders have been delayed or cancelled, and new orders have also been decreasing significantly. According to the latest survey results of more than 100 key enterprises in China Cotton Textile Industry Association, the proportion of enterprises with insufficient orders is 63.6%. Two, the pressure of steady employment in the industry is increasing. The pressure of order reduction is being carried out along the industrial chain to the upstream, which will have an impact on the normal operation of the textile industry chain, and the employment situation in the industry is becoming grim. Three, enterprises reflect financial constraints. Affected by the decline of orders and withdrawal, the inventory backlog of raw materials and finished products of textile enterprises is increasing, especially in the chemical fiber industry. Because continuous production can not be stopped, the inventory pressure is occupied and the amount of capital is also increasing.

The export subsidy audit team of Xinjiang cotton: in the year of 2018, the audit of cotton transportation subsidy has entered the appropriation stage, and the first batch of funds has been appropriated. Some enterprises are unable to inquire about the bank number because of the irregularity of bank names. In order to quickly allocate subsidies, relevant enterprises should provide relevant bank information. Request: the relevant enterprises concerned should supplement the bank's serial number information according to the annex content, and explain the scanned parts (including the financial stamp) with the information about bank number and account information, and send them to the mailbox 592519010@qq.com in the morning before 11 a.m. on April 17, 2020. Since all the enterprises' information needs to be completed after this batch of subsidies is needed, enterprises should inform each other and assist in completing the allocation work.

Recently, a number of textile and apparel listed companies have been running cold. Upstream textile manufacturing is slightly better than downstream clothing home textiles, epidemic prevention companies outstanding performance. According to the latest clothing industry data released by the Ministry of industry in 2020, 1-2 of the business revenue fell by nearly 30% over the same period last year. In April 14th, the results showed that the first quarter net profit of the seven wolves would be 37 million to 48 million yuan, which was 91 million 650 thousand yuan in the same period last year. Semir apparel is expected to earn 15 million yuan to 22 million yuan in the first quarter of 2020, down by 93.66%-95.68% compared with the same period last year. Net red company's net loss in the first quarter of was between 3700 and 50 million yuan, a net profit of 21 million 382 thousand and 700 yuan in the same period last year. Xinye textile expects net profit of 60 million to 65 million of shareholders belonging to listed companies in 2020 1-3, up -22.64% to -16.19% compared with the same period last year, and the average profit growth rate of textile manufacturing industry is 3.42%. Huamao shares expects net loss of 160 million yuan to -1.80 billion yuan in the first quarter of 2020, which is attributable to shareholders of listed companies, down by 137.79%-142.51% compared with the same period last year.

In April 15th, the Haiyan Economic Development Zone was held at the launching ceremony of the Zhejiang Heng Heng new material project of the Tong Kun group. The Heng Xiang project is located in Haiyan Economic Development Zone, with a total investment of 2 billion 50 million yuan, covering an area of 200 mu, building 20 sets of surfactant units, and 20 sets of textile agent units, forming 150 thousand tons of surfactant and 200 thousand tons of spinning oil additives. The output value is 3 billion 200 million yuan, and the profits tax is 500 million yuan. As a supporting development project of the local industry, Heng Xiang project will digest and utilize the chemical raw materials of Jiaxing port and Haiyan Economic Development Zone, play a role in extending the chain of the two industries and promote the coordinated development of the local economy.

In April 16th, the international testing and certification leading enterprise, France, signed a strategic cooperation agreement with the Duff Inspection Company Limited. It is understood that the French international inspection group is the world's second largest testing and testing company, in more than 160 countries and regions in the world with testing agencies and laboratories, not only has strong technical strength, but also has huge international customer resources and profound international trade foundation, with an annual volume of $40 billion. After the project is located in Keqiao, it will build the most advanced textile fabric laboratory in the country, and is committed to expand product certification, environmental testing, process testing, technical consultation and other business, so as to facilitate on-site inspection of foreign trade companies in Keqiao and surrounding areas, provide testing services for the Keqiao cross border electricity supplier comprehensive test area, carry out cooperation in printing and dyeing innovation platform, and fully participate in the quality of textile fabrics in Keqiao. Sheng will play a strong role in promoting the textile industry in Keqiao district.

Huafu fashion Limited by Share Ltd, the world's largest supplier and manufacturer of color textiles, has released its 2019 annual performance bulletin. During the reporting period, the total business turnover of the company reached 15 billion 886 million yuan, an increase of 11.04% over the same period. The net profit attributable to shareholders of listed companies was 402 million yuan, down 46.49% from the same period last year. Huafu fashion explained that the main reasons for the performance change were: during the reporting period, the company implemented the established strategy, and the network chain business maintained steady development, driving revenue up 11.04% over the same period last year. Under the influence of Sino US trade disputes, Global trade is suppressed and consumer confidence is affected. The continuous decline of cotton prices of main raw materials affects the gross profit margin of yarn business, and the processing income of superimposed assets decreases compared with the same period last year, resulting in a 46.49% decline in net profit of the company. In addition, due to the impact of the epidemic, the company's sales orders declined, logistics and staff reemployment were blocked, and cotton prices continued to decline, which had a significant impact on the production and sales in the first quarter of 2020. Huafu fashion estimated that net profit attributable to shareholders of Listed Companies in the first quarter was 15 million yuan to 35 million yuan compared with 172 million yuan in the same period last year.

According to foreign media reports, scientists recently developed a new kind of textile, which can warm the wearer in cold weather and cool them when the weather gets hot. The experimental material was developed by a team led by Professor Tao Guangming of Huazhong University of Science and Technology. The method of making it is: first, the silk and chitosan are frozen to form fibers with porous microstructure. By the way, chitosan is a highly practical natural compound found in crustacean shells. Next, polyethylene glycol (PEG) is filled in the pores of the fibers. This is a phase change material, which is solid when it is hot and liquid when it is cold. Finally, an organic polymer called poly two methyl siloxane is coated on the fiber to prevent PEG from leaking in liquid. It is said that the lines obtained are of strength, elasticity and water repellency. The test is to interweave them together and form a lump of material and then sew them on a traditional polyester glove worn by volunteers. When the person puts a gloved hand in a space heated to 122F (50C), PEG will melt into liquid - absorbing the ambient heat and absorbing the surrounding heat - so that the skin beneath the patch will cool down. However, once the volunteers move their hands to the space cooled to 50F (10C), PEG will solidify and release the stored heat to warm the skin.

Due to adequate rainfall in early 2020, the US agricultural counsellor estimated that Australia's cotton planting area expanded to 180 thousand hectares in 2020/21, three times that of this year, but only 42% of the average in the past ten years. The yield per unit area is expected to decrease by 10% over the same period last year. The output is expected to return to 1 million 700 thousand packages, up 150% over the same period, but it is still low in second years. In 2020/21, the export volume of Australia cotton is expected to be 1 million 100 thousand packages, a decrease of 200 thousand packets from the current year, the lowest in nearly thirty years, mainly due to the sharp decrease in initial inventory and the restriction of export supply. Although the next year's output is expected to increase substantially, it will only increase exports in the next 5-7 months, and exports will be significantly reduced for most of the next year. The end of 2020/21 cotton futures is expected to increase to 1 million packages, double the same period last year. Since 2019/20, China accounts for nearly 2/3 of cotton exports in Australia. At present, the new Australian flower (2019/20 cotton) is being harvested.

In March 2020, Vietnam exported 2 billion 339 million US dollars in textile and apparel, an increase of 4.7% over the same period, a decrease of 1.4% over the same period last year, 152 thousand and 500 tons of export yarn, an increase of 4.5% in the ring ratio, an increase of 5.7% over the same period last year. In March 2020, Vietnam imported 160 thousand and 500 tons of cotton, an increase of 6.2%, an increase of 3.4% over the same period last year, an import yarn of 118 thousand and 100 tons, an increase of 51.8% in the ring ratio, an increase of 8.2% over the same period last year, and imports of fabrics of 1 billion 68 million US dollars, an increase of 50.6% in the ring ratio, a decrease of 8.3% over the same period last year.

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