The Ministry of Industry and Information Technology released the first half of the textile industry report the overall decline

Recently, our Ministry of Industry and Information Technology released the report “Analysis of the Operational Situation of China's Textile Industry in the First Half of 2012”, stating that China’s textile industry is affected by weaker international market demand, slower growth in domestic market demand, and excessive domestic and foreign cotton price differences. Affected, China's textile industry has shown a declining trend, the production growth rate has decreased significantly, the number of exports has decreased, the efficiency of enterprises has declined, and losses in the front end of the industrial chain (cotton spinning, chemical fiber) have increased. It is expected that the operation of the textile industry in the second half of this year will be difficult to significantly improve.

The following is the full text of the report:

First, January-May textile industry operation

(1) Production grows at a low rate, and the growth rate decreases rapidly. From January to May, the textile enterprises above the designated size achieved a total industrial output value of 2.1449 trillion yuan, an increase of 11.8% year-on-year, and the growth rate was 18.3% lower than the same period of last year. The ratio of production to sales was 97.3%, a slight decrease from the same period of last year. From January to May, yarn production increased by 14.1% year-on-year, and the growth rate increased by 4.0 percentage points over the same period of last year;

Chemical fiber production increased by 15.1% year-on-year, and the growth rate decreased by 0.3% from the same period of last year; cloth production increased by 11.6% year-on-year, the growth rate decreased by 4.1% from the same period of last year; clothing production increased by 7.2% year-on-year, and the growth rate decreased compared with the same period of last year. 4.7 percentage points.

(b) Exports maintained growth, and the growth rate of domestic demand declined. From January to May, China's textile and apparel exports reached US$90.6 billion, a year-on-year increase of 2.1%, which was lower than the 8.7% growth rate of China's cumulative export of goods, of which textile exports increased by 1.4% year-on-year, and apparel exports increased by 2.5% year-on-year. Among the retail sales of enterprises above designated size (units) nationwide, retail sales of clothing, shoes, hats, and needle textiles increased by 16.2% year-on-year, a deceleration of 7.3 percentage points from the same period of last year.

(3) Investment growth slowed down, and investment in the central and western regions continued to increase. From January to May, China’s textile industry completed a total of 261 billion yuan in fixed asset investment of over 5 million yuan, a year-on-year increase of 18.5 percent, a 17.1 percentage point drop from the same period of last year, and 1.6 times lower than the growth in total fixed asset investment over the same period. Percentage points; 5,759 new projects started, a decrease of 2.9% year-on-year. From January to May, the investment in the central region increased 21.5% year-on-year, accounting for 29.4% of the country's total, accounting for 0.7% of the increase over the same period of last year; the amount of investment in the western region increased by 28.4%, accounting for 7.8% of the country's total, accounting for Compared with the same period of last year, it increased by 0.6%.

(d) Profits continued to decline, and companies faced an increase in losses. From January to May, cumulative total profits of textile enterprises above designated size totaled 91.7 billion yuan, a year-on-year decrease of 2.4%, and the growth rate was 40.5 percentage points lower than the same period of the previous year; the enterprises above designated size reached 18.6% of losses, 5.4 percentage points higher than the same period of last year The loss of loss-making enterprises increased by 128.5% over the same period of last year, and the growth rate increased by 122% over the same period of last year. Among them, the profits of the chemical fiber industry fell by 50.1% compared with the same period of last year, and the profit of cotton spinning industry decreased by 5.9% year-on-year.

Second, the main issues affecting the operation of the textile industry

(1) Insufficient market demand. At present, the macroeconomic environment at home and abroad is in a downtrend. The impact of the European sovereign debt crisis is still spreading, and the follow-up impact of the international financial crisis continues to show. The international market continues to be sluggish and the outlook is uncertain. In the United States, the global import of textiles and apparel in 2011 increased by 8.6% from the previous year, and it only increased by 3.4% in January-April this year. The EU’s demand has dropped significantly. From January to May, China’s exports to the EU dropped by 11.2%. The domestic market is affected by factors such as high prices and lack of market confidence, and it also shows a trend of slower growth.

(b) The spread of cotton prices at home and abroad continued to expand. Since the fourth quarter of last year, the difference between domestic and foreign cotton prices has continued to widen. As of July 5, the difference between domestic and foreign cotton prices is about 4,500 yuan / ton. The ever-increasing domestic and foreign cotton price gap has seriously weakened the international competitiveness of China's textile industry. From January to May, the number of cotton yarn exports decreased by 9% year-on-year, cotton yarn imports increased by 78% year-on-year, imports of pure cotton fabrics increased by 133% year-on-year, and exports of cotton products decreased by 3.4% year-on-year. The cotton spinning and weaving enterprises tracked by the China Cotton Spinning Association has reached 40% of the loss, and the 30,000 or less spinning enterprises have reduced their production and the production stoppage is close to 50%. Xinjiang is an area dominated by the production of cotton spinning primary products. At present, the loss of textile enterprises has reached about 65%, the sales revenue of the entire industry has dropped by 25%, and the loss of the entire industry has exceeded 300 million yuan.

(III) Increased competition in the international market. Affected by the increase in the cost of China’s comprehensive factors and the increase in textile competitiveness of neighboring countries, some purchase orders in the international market have flowed to Southeast Asian countries, and China’s share of textile and apparel products in major developed countries has declined. According to U.S. Customs data, from January to April, the total amount of textiles and apparel imported from the US by the United States accounted for 36.1% of the total imports of similar products from the world, which was a decrease of 4.04 percentage points from 2011; according to Japanese customs data, 1-4 In January, the total amount of textiles and clothing imported from Japan by China accounted for 73% of the total imports of similar products from the world, a decrease of 1.95 percentage points from 2011. In the same period, the share of India, Vietnam, Bangladesh and other countries in the US and Japan markets has increased.

(d) ** The cost remains high. From January to May, interest expenses on textile enterprises above designated size increased by 28.6% year-on-year, 18.4 percentage points higher than the growth rate of main business income during the same period, while the growth rate of interest expenses during the same period last year was only 6.8 percentage points higher than that of main business revenues. . In the case of a sharp slowdown in the growth of production and sales, a large number of interest expenses have become another bottleneck restricting the development of textile enterprises.

Third, determine the trend of the second half

From the perspective of the global situation, the international economic situation is still not optimistic. There are unstable factors in the political situation, frequent turbulence in local regions, and the trend of low international demand will continue. From the perspective of the development environment of the industry, the continuous increase in production costs such as employment, financing difficulties and other short-term problems It is difficult to completely improve the domestic cotton price gap is still widening, the textile industry development environment is still grim. From the perspective of the domestic economic situation, after both the RRR and the interest rate have been lowered, more "steady growth" measures are expected to be introduced, which may promote the stabilization of China's domestic economic situation and become an important support for the industry's operating trends.

On the whole, textile companies will still be in a relatively difficult position in the second half of the year. Textile and apparel exports will continue to grow at a low level. The overall growth rate of the industry will decline sharply from the previous year, and the loss level of enterprises and the losses of loss-making enterprises will expand. Many medium, small and micro enterprises will face the risk of being eliminated.