Nearly 20% Of Textile Enterprises Lost Money In The First Half Of The Year

Recently from China spin The Federation of Industry has learned that due to the concentrated effect of external adverse factors, the development pressure of enterprises is too great, and the overall efficiency of the textile industry in the first half of this year has declined compared with the same period last year. The total profit of textile enterprises above designated size decreased by 1.9% year on year, the loss of enterprises reached 18.4%, and the loss of loss making enterprises increased by 124.1% year on year.

Analysts pointed out that in the second half of the year, textile enterprises will still be in a difficult situation. The overall benefit growth of the industry will decline significantly compared with the previous year. The loss area and amount of enterprises will be expanded, and more small, medium-sized and micro enterprises will face the risk of being eliminated.

Significant decline in benefits

Since 2012, the productivity of the textile industry has continued to improve. From January to June, the labor productivity of enterprises above designated size has increased by 12.7% year-on-year. However, due to the concentrated effect of external adverse factors, the development pressure of enterprises is too great, and the overall efficiency of the textile industry has declined compared with the same period last year.

Sun Huaibin, spokesman of the China Textile Industry Federation, said that in the first half of this year, the total profits of textile enterprises above designated size fell 1.9% year on year; The sales profit margin was 4.5%, down 0.5 percentage point year on year. The loss area of enterprises reached 18.4%, and the loss amount of loss making enterprises increased by 124.1% year on year. In each sub industry, cotton spinning and chemical fiber are significantly affected by the fluctuation of raw material prices, and the industry profits are showing a negative growth trend. From January to June, the chemical fiber industry declined by 52.3%, and the profits of 105 key cotton textile enterprises declined by 52.1%.

In the downturn of the industry, the medium-term performance of listed companies is not optimistic. China clothing (000902) In the first half of the year, the operating revenue was 675 million yuan, down 13.02% year on year; Net profit loss attributable to shareholders of the listed company was 18.9054 million yuan. According to the semi annual report of Luolai Home Textile (002293), the net profit attributable to shareholders of the listed company was 134 million yuan, down 17.7% year on year. Huafang Textile (600273) reported that its operating revenue was 733 million yuan, up 2.28% year on year. However, the operating cost reached 788 million yuan, seriously devouring the company's profits, resulting in a net profit loss of 33.76 million yuan.

Listed companies generally said that cotton prices in the domestic and international markets were seriously inverted, and various labor costs rose, leading to high production costs. In addition, there is a relative shortage of labor in the eastern economically developed areas, which reduces the opening rate of enterprise production and affects the ability of enterprises to produce.

　 The future is not optimistic

At present, the pressure factors affecting the development of the textile industry still exist. Sun Huaibin said: "The labor cost and capital cost are increasing year by year, the energy price continues to rise, and the pressure on small and medium-sized enterprises in the textile industry is also increasing."

The cost of production factors such as employment of textile enterprises continued to increase. According to the survey, the per capita wage of the textile industry in the first half of the year increased by about 15% year on year; Statistics show that from January to July, the price of domestic fuel and power increased by 3% year on year. The problem of difficult and expensive financing for enterprises has not been completely solved, and the financing cost remains high. In the first half of the year, the interest expenditure of enterprises above designated size increased by 29.5% year on year, 19.8% higher than the growth rate of main business income in the same period.

In addition to the continuous downturn in external demand, fluctuations in raw material prices and other factors, on the whole, the current economic operation of the industry still faces many risks. Sun Huaibin said that it is still the fundamental task for the whole industry to further deepen the adjustment of industrial structure, accelerate the transformation of development mode, and resolve various external risks from the root.