Authoritative Release: China Textile Federation Releases Economic Operation Data Of Textile Industry In The First Half Of The Year

Since 2020, facing the severe test and complex and changeable domestic and foreign environment brought by the new coronapneumonia epidemic, China has overcome the adverse impact of the epidemic situation and achieved steady recovery of macro-economy. During the period of fighting against the epidemic, the textile industry steadily promoted the resumption of work and production of enterprises, making due contributions to ensuring the production and supply of domestic epidemic prevention materials and meeting the needs of international epidemic prevention and control. In the second quarter, driven by the production of epidemic prevention materials and the recovery of domestic market demand, the economic operation of textile industry recovered under pressure, and the decline rate of production, investment, quality and efficiency and other major operation indicators were significantly narrowed than that in the first quarter. However, the losses caused by the impact of the epidemic have not been completely repaired, the production and operation pressure of textile enterprises is still prominent, the investment and development confidence are obviously insufficient, the negative growth trend of the industry has not been reversed, and the stable operation of the whole year is facing great challenges.

The industry's prosperity has rebounded significantly, and the decline rate of production has been steadily narrowed

In the second quarter, Textile industry The business climate has rebounded significantly, and the utilization level of production capacity has accelerated to recover. according to China Textile Industry Federation Survey data and statistics of National Bureau of Statistics data The prosperity index of textile industry will return to 0.51 in the second quarter of 2020. Over the same period, the capacity utilization rate of textile industry and chemical fiber industry reached 70.3% and 77.1% respectively, rising by 3.1% and 2.7% compared with the first quarter, but slowing down by 7.9% and 6.1% respectively compared with the same period of last year.

The decline rate of industry production narrowed month by month. From January to June, the added value of textile industry above designated size decreased by 6.7% year-on-year, the growth rate was 10.3 percentage points lower than that of the same period of last year, and 9.8 percentage points lower than that of the first quarter of this year. In the main links of the industrial chain, the industrial textile industry, driven by the production of epidemic prevention materials, saw a substantial increase of 57.8% in the industrial added value year on year, which is the driving force for the steady recovery of the whole industry's production growth rate. Affected by the shrinking demand, the production of clothing, home textile industry and textile equipment manufacturing industry at the end of the industrial chain still showed a downward trend. The industrial added value decreased by 12.2%, 8.5% and 17.6% respectively from January to June.

The output of major categories of products has generally declined. According to the data of the National Bureau of statistics, from January to June, the output of chemical fiber, yarn, cloth and clothing of Enterprises above designated size decreased by 1.0%, 15.8%, 25.9% and 13.7% year-on-year, respectively, with growth rates lower than that of the same period of last year by 13.0%, 15.5%, 25.8 and 12.6 percentage points respectively. The output of non-woven fabrics increased by 6.6% from January to June.

The growth rate of domestic demand turned from positive to negative, and continued to recover

Since the second quarter, with the opening of residents' travel and consumption activities, the domestic demand market of textiles and clothing has gradually recovered. According to the statistics of China's National Bureau of textiles and clothing, the sales volume of needles and hats decreased by more than 12.6% in the first half of 2020, a decrease of more than 6% compared with that in the first half of 2020. A series of national policies such as "protecting people's livelihood" and "promoting consumption" have accelerated the recovery of online consumption. In June, the retail sales of online wear goods in China basically recovered to the same level of the same period of last year. The cumulative retail sales from January to June decreased by 2.9% year-on-year, and the decline rate was 12.2 percentage points lower than that in the first quarter.

The outlet pressure was relieved. According to the data of China Customs, in the first half of the year, China's textile and clothing exports amounted to 130.8 billion US dollars, a year-on-year increase of 1.9%, realizing the first export growth rate from negative to positive since 2020. Due to the severe situation of international epidemic prevention and control, the scale of China's export of anti epidemic materials such as masks to Europe and the United States expanded. From January to June, the textile export value increased by 24.8% year on year, reaching 77.16 billion US dollars, accounting for 59% of the total export volume of textiles and clothing. Clothing export pressure is still prominent. The export value from January to June was 53.64 billion US dollars, down 19.4% year-on-year. The export market of the textile industry has been divided, and the export to the three traditional markets of the United States, Japan and the European Union has improved significantly. From January to June, the export value of textiles and clothing increased by 4.2%, 15.1% and 41.1% respectively year-on-year, and the growth rate increased by 4.9%, 19.8 and 45.3 percentage points compared with the same period of last year; Due to the sluggish consumption in the international terminal market, the demand for intermediate products in the industrial chain in emerging export markets such as Southeast Asia and Africa has shrunk. From January to June, China's textile and clothing exports to countries along the belt and road decreased by 12.2% year on year.

The pressure of quality and efficiency improvement is still great, and the decrease rate of investment is obviously narrowed

According to the data of the National Bureau of statistics, in the first half of the year, 33000 Textile Enterprises above the designated size realized a total business income of 1926.07 billion yuan, a year-on-year decrease of 16.4%, a decrease of 9 percentage points compared with the first quarter; the total profit of 73.1 billion yuan, a year-on-year decrease of 19%, a decrease of 25.2 percentage points compared with the first quarter. The profit margin of operating income of Enterprises above designated size was 3.8%, up 1.2 percentage points from the first quarter. The total profit of cotton textile industry decreased by 3.4% year-on-year due to the price reduction, 41.4% of the total profits of the cotton textile industry and the total profit of the chemical fiber industry decreased by 1.4% year-on-year. Due to the significant increase in operating pressure, the operation quality of textile enterprises has declined. From January to June, the loss of textile enterprises above Designated Size in China reached 32.6%, and the loss of loss making enterprises increased by 50.2% year-on-year; the turnover rate of total assets and the turnover rate of finished products were 1 time / year and 10.6 times / year, respectively, slowing down by 19.9% and 25% respectively; the proportion of three fees was 7.3%, which was 0.3% higher than that of the same period of last year.

Affected by the epidemic situation, the confidence of textile enterprises is obviously insufficient, and the investment scale of the whole industrial chain is declining. According to the data of the National Bureau of statistics, from January to June 2020, the completion amount of fixed assets investment in the textile industry will decrease by 27.3% year on year, with the growth rate slowing down by 26% compared with the same period of last year, but rising by 10.8% compared with the first quarter. Among them, the investment in textile industry, chemical fiber industry and clothing industry decreased by 22.4%, 16.9% and 37.9% respectively year-on-year, and the growth rate was lower than that of the same period of last year by 22.1%, 6.3% and 38.7% respectively. In terms of regions, the investment growth in the central and western regions is weak, and the investment in clothing industry in Hubei, Anhui and Henan Province decreased by 64.6%, 45.5% and 31% respectively from January to June; In the same period, the investment in the clothing industry of Guangdong Province and the eastern part of Zhejiang Province decreased by 49.5% and 63.5% respectively on a year-on-year basis.

Positive factors continue to accumulate and maintain stable operation pressure is still large

In the first half of the year, the textile industry focused on resolving the adverse effects of the epidemic, continuously improving its development toughness and anti risk ability, and some economic indicators showed signs of recovery. However, at present, the global epidemic is still spreading, and the prospect is uncertain. The impact on the operation of global supply chain and economy will continue to develop and evolve. In the second half of the year, the textile industry is still facing more external risks and challenges, and the pressure to maintain stable operation throughout the year is still large.

In the difficult situation, there are still positive factors for the textile industry to achieve a stable recovery. The steady recovery of China's macro-economy shows strong resilience to the impact of the epidemic, especially in the aspects of complete industrial system, perfect infrastructure and strong domestic demand market. During the epidemic period, the continuous innovation in manufacturing mode, industrial chain operation mode and commercial format promoted the steady recovery of production and the improvement of consumer market, which provided a new foothold for the steady recovery of various industries. On the other hand, the government will gradually introduce various policies to ensure the smooth development of the national economy.

The textile industry will implement the decision-making and deployment of the CPC Central Committee and the State Council, fully realize the universality, complexity and sustainability of the epidemic, continue to deepen the supply side structural reform, accelerate the transformation and upgrading of the industry, and continue to play an important role in people's livelihood of the textile industry in ensuring the stability of the industrial chain supply chain, ensuring the employment of residents and maintaining social stability We should carry out the task of "building a well-off society in an all-round way" and "building a well-off society in an all-round way" and "making a decisive contribution to the realization of the six-year task of overcoming the downward pressure of" building a moderately prosperous society "in an all-round way, fulfilling the task of" building a moderately prosperous society "in an all-round way, fulfilling the task of" building a moderately prosperous society in an all-round way.