China'S Cotton Textile Industry Monthly Analysis Report In June

[summary of this month] the data of China Cotton Textile Industry Association (hereinafter referred to as China Cotton Association) tracking key enterprises and industrial clusters shows that the production and operation of cotton textile enterprises in June 2021 has been steadily promoted, and the main economic indicators from January to June continue to grow year on year, and the situation of tracking key enterprises is better than that of industrial clusters.

　　 1、 The main business income continued to grow year on year, and the proportion of cost increased

According to the tracking data, from January to June of 2021, the main business income of cotton textile enterprises increased by 25.2% year-on-year, 0.1 percentage point higher than that from January to May.

From January to June, the main business cost of cotton textile enterprises increased by 22.5% year-on-year, and the growth rate was 0.2% lower than that of January may, and the growth rate was less than the main business income, and the enterprise profit was fair; The main business cost accounted for 89.6% of the main business income, an increase of 0.2% compared with January to May.

From January to June, the main business income of cluster enterprises increased by 6.7% year-on-year, and the growth rate decreased by 9.3 percentage points compared with January to May; The total cost of main business increased by 9.0% year-on-year, and the growth rate decreased by 10.0% compared with January to May. The growth rate of main business cost was higher than that of main business income, and the production and operation pressure of cluster enterprises was relatively large.

　　 2、 Export delivery value continues to improve ? Release of domestic market potential

The tracking data shows that from January to June of 2021, the cumulative export delivery value of cotton textile enterprises increased by 14.5% year-on-year, 6.5% higher than that from January to May; The proportion of export delivery value in industrial sales output value was 9.9%, which was 3.4 percentage points lower than that in January may. The global economy continues to recover, and export orders of enterprises increase. At the same time, enterprises focus on tapping the domestic market to release the potential of domestic demand.

From January to June, the total export delivery value of cluster enterprises increased by 7.1% year-on-year, 3.1% lower than that of January to May; The proportion of export delivery value in industrial sales output value was 6.7%, 1% higher than that in January may. With the increase of foreign trade orders, the export situation of cluster enterprises has improved.

　　 3、 The growth rate of industrial added value increased, and the number of loss making enterprises continued to decline

The tracking data shows that from January to June of 2021, the industrial added value of cotton textile enterprises increased by 22.11%, 10.8 percentage points higher than that from January to May; The industrial added value rate was 15.0%, 1.7 percentage points lower than that in January may.

From January to June, the total profit of cotton textile enterprises increased by 107.4% year-on-year, 13.6 percentage points higher than that of January may; The profit margin increased by 1.7% year on year, 0.2% higher than that in January may.

From January to June, the number of loss making enterprises in the cotton textile industry decreased by 60.8% year-on-year, with a decrease rate of 5.6% compared with that in January may; The loss was 15.8%, a year-on-year decrease of 28.7%, 0.2 percentage points lower than that in January may.

From January to June, the industrial added value of cluster enterprises increased by 10.3% year-on-year, and the growth rate decreased by 8.0 percentage points compared with January to May; The total profit increased by 20.3% year on year, 5.6% lower than that in January may, and the growth rate was less than that of tracking key enterprises.

On the whole, the operation of tracking enterprises was in good condition in June. The central bank lowered the deposit reserve ratio of financial institutions to further support the development of the real economy, and the financing cost of small and medium-sized enterprises was reduced. However, the market's concerns about the sustainability of economic recovery and inflation still exist. The situation of orders in the later stage of the market has not been known, and the production and operation pressure of enterprises has not decreased.

　　 The data in this report are all from China Cotton Textile Industry Association, involving more than 260 cotton textile enterprises and about 15 industrial clusters in China. The total spinning capacity accounts for about 60% of the national cotton textile industry, which is representative of the industry.

(source: China Cotton Association)