From the last year to the first quarter of this year, what is the textile industry like?

On the China Textile Tobacco Finance and Trade Union May 26 of China Textile Industry Association fifteenth joint meeting, the China Textile Industry Association revealed the latest industry economic operation, as follows:

Since 2016, the international situation is complicated, arduous task of domestic reform, the textile industry to actively promote supply-side structural reforms, implementation of the "three" strategy, efforts to adapt to changes in the international and domestic market, the industry is running situation is basically stable, industry operation quality improved steadily, show the effectiveness of transformation and upgrading, run the main indicators of growth has increased in the first quarter of 2017, showing signs of stabilization and initial operation of the industry rebound. However, external challenges such as the resurgence of globalization, insufficient international demand, domestic consumption upgrades, and rising comprehensive costs still exist, and industry scale growth indicators tend to slow down.

I. Operation of the textile industry in 2016

(1) The growth rate of production has gradually slowed down, and the deceleration of raw materials has become more significant.

In 2016, the growth rate of production in the textile industry showed a gradual slowdown. According to the National Bureau of Statistics, the industrial added value of 38,480 enterprises above designated size increased by 4.9% year-on-year, which was 1.4 percentage points lower than the growth rate of the same period of the previous year. According to the expenditure approach to calculate the industrial added value, domestic sales, investment and export growth slowed to varying degrees compared to the same period in 2015, of which domestic sales and investment growth are lower than the national industrial growth rate in 2016 is lower than the growth rate of industrial added value of textile industry The national industrial added value growth rate was 1.1 percentage points. The impact from the industrial chain of view, put cotton storage by less than expected progress and other factors, cotton prices rose sharply, the downstream demand is difficult with the rise, profit margins squeezed the cotton industry, cotton textile and dyeing and finishing value added growth rate over the same period in 2015 Reduced by 2.7 percentage points; due to structural problems of chemical fiber products and rising crude oil prices, the growth rate of chemical fiber manufacturing added value decreased by 5.1 percentage points compared with the same period of 2015.

According to the National Bureau of Statistics, yarn production growth has accelerated in major categories of products. In 2016, yarn production of enterprises above designated size increased by 5.5% year-on-year, and the growth rate was 0.8 percentage points higher than that of the same period in 2015. The growth rate of chemical fiber and cloth production slowed down. In 2016, the output increased by 2.3% and 2.7% respectively. The growth rate was 10.2% and 0.4% lower than the same period of 2015. The garment output decreased by 1.6% year-on-year, which was lower than the growth rate of 3.6 in the same period of 2015. Percentage points.

(2) The growth rate of investment has fallen sharply, and the growth in Xinjiang is more significant.

The growth of fixed assets investment in the textile industry has slowed down markedly. In 2016, the total investment of projects with a total investment of more than 5 million yuan was 1,283.87 billion yuan, a year-on-year increase of 7.8%, and the growth rate was 7.2 percentage points lower than the same period of the previous year. Among them, the industrial policy effects appear Xinjiang, cotton spinning and cotton weaving industry investment accounted for the most stimulating investment growth by 4.2 percentage points; because of environmental pressures, the EIA filing difficulties printing and dyeing projects, cotton and chemical fiber textile printing and dyeing industry investment only stimulating investment The growth rate is 0.1 percentage points; the terminal industry is close to the market, and the characteristics of lean development are more significant. The profit growth of clothing, home textiles and industrial industries is still good, but the total investment only boosts industry investment by 2.1 percentage points.

The regional investment structure continues to adjust. In 2016, the investment in the central and western regions accounted for 40.8% of the country, and its share increased by 0.9 percentage points from 2015. Among the six central provinces, Jiangxi and Henan have better follow-up development, and investment growth is relatively fast, contributing a total of 25.8% to the industry growth. In the western 12 provinces, Xinjiang is driven by industrial policies and investment is up 50% year-on-year. The contribution rate of industry growth was 17.3%; the proportion of investment in the 10 provinces in the east remained at 57.3%, and investment in Shandong, Guangdong and Hebei grew rapidly, contributing a total of 44.7% to the investment growth of the industry.

(3) The scale of exports continued to shrink, and the price drop was more obvious.

In 2016, the export pressure of the textile industry continued to deepen. According to China Customs data, the industry has exported a total of 270.12 billion US dollars of textiles and clothing, down 7.2% year-on-year, a decrease of 2.4 percentage points from 2015. Among them, exports of textiles reached 110.67 billion US dollars, down 4% year-on-year, and exports of clothing was 159.45 billion US dollars, down 9.4% year-on-year. If it is denominated in RMB, China's textile and apparel exports fell by 1.7% year-on-year. In the major export markets, the growth rate of exports to the United States decreased significantly. In 2016, the growth rate of textile and apparel exports to the United States decreased by 10.6 percentage points compared with 2015, of which the export volume decreased by 0.5% year-on-year; the export value to the EU , Africa and ASEAN decreased respectively. 4.14 billion US dollars, 3.16 billion US dollars and 3.05 billion US dollars. The pressure on the textile industry to participate in international market competition is still outstanding. In 2016, the proportion of textiles and apparel exported by China in the US, EU and Japan fell by 1.8, 2.1 and 2.6 percentage points respectively.

In terms of products, the price of textiles decreased, the export price decreased by 9.4% year-on-year, and the export volume increased by 4.5% year-on-year; the volume of clothing and clothing fell, and the export price and quantity decreased by 6.5% and 3% respectively. 12%, chemical fiber clothing fell 12.1% year-on-year, the largest decline in the same category.

(4) The growth rate of domestic sales has stabilized and stabilized, and the characteristics of consumption upgrading have been remarkable.

Compared with investment and export, the domestic sales growth of the textile industry is relatively stable, which plays an important supporting role for the smooth operation of the industry. According to the National Bureau of Statistics, in 2016, the retail sales of clothing, shoes, hats and needles above designated size reached 144.3 billion yuan, accounting for 10% of the retail sales of goods above designated size. However, due to the macroeconomic slowdown and the upgrade of domestic demand, the retail sales of textile and apparel products in China only increased by 7% year-on-year, 2.8 percentage points slower than the same period of the previous year. The online retail transaction volume achieved rapid growth, but the growth rate also slowed down. In 2016, the national online retail sales of online products increased by 18.1% year-on-year, down 3.3 percentage points from 2015.

The price increase of textile and apparel products slowed down. In 2016, the retail price of clothing and footwear products increased by 1.3% year-on-year, and the retail price of textile products increased by 0.5% year-on-year, a slight decrease from 2015, while gold and silver jewelry, Chinese and Western medicines and health care, fuels, construction materials and The retail price increase of hardware and electrical products increased at different levels compared with 2015. It reflects that the consumption structure of residents is upgrading, and the demand for entertainment, enjoyment and service consumption is increasing significantly. The growth rate of demand for textile and apparel products has been released. slow.

(V) The transformation and upgrading have shown results and the quality of operation has improved.

The growth of the efficiency of textile enterprises is relatively stable. In 2016, textile enterprises above designated size achieved a revenue of 73.23 billion yuan, a year-on-year increase of 4.1%. Due to lack of market demand and price growth, the growth rate slowed by 0.9 percentage points compared with the same period in 2015.

In 2016, the textile industry realized a total profit of 400.36 billion yuan, a year-on-year increase of 4.5%, and the growth rate slowed by 0.9 percentage points compared with the same period in 2015. Among them, the profits of chemical fiber, home textiles and textile machinery industry increased by 19.9%, 5.5% and 8.7% respectively, which were 4.7, 1.7 and 7.4 percentage points higher than that of 2015 respectively. The profit growth rate of other industries declined compared with 2015.

The quality of the operation has improved. In 2016, the sales profit rate of textile enterprises above designated size was 5.5%, a slight increase compared with the same period of 2015; the total asset turnover rate was 1.6 times/year, which was basically the same as that in the same period of 2015; the turnover rate of finished products was 21.98 times/year, compared with 2015. The year-on-year acceleration was 4.4%; the ratio of three fees was 6.1%, which was nearly 0.1 percentage points lower than that in the same period of 2015; the industrial structure of the industry was actively adjusted. Although the number of loss-making enterprises increased by 6.7% year-on-year, the loss of loss-making enterprises decreased by 6.7% year-on-year; The rate was 51.3%, which was 0.8 percentage points lower than that of 2015, reflecting the decrease in business risks of the industry.

The transformation and upgrading effect of the industrial chain terminal is more significant. By 2016, the industrial added value of industrial textiles industry, gross profit increased by 9.1% and 8.3%, respectively, the profit margin was 6.2%, significantly higher than the industry average, continue to play the role of a new growth point of the industry chain. The quality improvement of the clothing and Home Textile industry and the brand building work have achieved results. In 2016, the sales profit margins reached 5.8% and 6.2%, respectively, which is better than the industry level.

Second, the textile industry has been operating since 2017

(1) Production maintains low growth

Since 2017, the growth rate of industrial added value has continued to show a slowdown. According to the National Bureau of Statistics, from January to April 2017, the industrial added value of enterprises above designated size in the textile industry increased by 5.0% year-on-year, 1.6 percentage points lower than the growth rate of the same period of the previous year, and 0.1 percentage point lower than the growth rate in the first quarter.

Among the major categories of products, the growth rate of chemical fiber, cloth and garment production has accelerated. From January to April 2017, the output of chemical fiber, cloth and garments of enterprises above designated size increased by 5.9%, 3.3% and 2.0% respectively, which was higher than the growth rate of 0.1, 1.4 and 1.4 percentage points in the same period of last year. From January to April, yarn production of enterprises above designated size increased by 4.9% year-on-year, and the growth rate slowed by 0.6 percentage points from the same period of the previous year.

(II) Investment growth has slowed down

From January to April 2017, the investment in the textile industry with a project value of over 5 million yuan was 333.53 billion yuan, a year-on-year increase of 8.4%, a slowdown of 2.8 percentage points over the same period of the previous year.

From the perspective of the industrial chain, the growth rate of investment in the textile industry was only 5.1%, down 10.9 percentage points from the same period of last year; the investment in home textiles fell by 11.2% year-on-year, and the growth rate slowed by 18.5 percentage points from the same period of the previous year. In the terminal segment, the investment in non-domestic textile finished goods manufacturing and apparel and apparel industry increased by 19.9% ​​and 10.9% respectively, and the growth rate was 13.5 and 3 percentage points higher than the same period of the previous year. The investment confidence of the chemical fiber industry has increased, and the growth rate has increased by 13.4 percentage points over the same period of the previous year.

In terms of regions, the investment in the central region increased by 10.9% year-on-year, and the growth rate increased by 3.3 percentage points over the same period of the previous year. The investment in the eastern and western regions increased by 7.2% and 4.1% respectively, and the growth rate slowed down from the same period of last year. And 35.1 percentage points. In the western region, the investment in Xinjiang from January to April increased by 62.5% year-on-year, and the growth rate slowed down compared with the same period of last year, but still accounted for 336% of the increase in investment in the western region.

(3) Market pressure has eased

Since 2017, the textile industry's exports have shown a steady and steady trend, and the growth rate has shown signs of stabilization. According to the China Customs Express data, China's textile and apparel exports totaled US$76.49 billion from January to April, up 2.1% year-on-year, and the growth rate was 4.9 percentage points higher than the same period of the previous year. Although the export price declined, the number of textiles and apparels in the first quarter increased by 4.7% year-on-year, an increase of 5.2 percentage points over the same period of the previous year. International competition still exists. From January to March, the market share of China's textile and apparel in the United States, Japan and the EU decreased by 2, 1.2 and 1.3 percentage points respectively.

Affected by factors such as macroeconomics and market environment, the growth rate of domestic demand for textile and apparel products in China has shown a steady and slowing trend. According to the National Bureau of Statistics, from January to April 2017, the retail sales of clothing, shoes, hats and needles above designated size increased by 7.1% year-on-year, a decrease of 0.1 percentage points from the same period of the previous year. The growth rate of online retail sales has accelerated. From January to April 2017, the national retail sales of online wearing goods increased by 18.4% year-on-year, 2.7 percentage points higher than the same period of the previous year.

(4) The operational quality has improved

The benefits of textile enterprises have improved. From January to March 2017, the textile enterprises above designated size achieved a revenue of RMB 1,676.65 billion, a year-on-year increase of 9.2%. The growth rate was 4.1 percentage points higher than the same period of the previous year; the total profit was 86.44 billion yuan, a year-on-year increase of 13.2%. Compared with the same period of last year, it increased by 6.7 percentage points.

The quality of the economic operation of the textile industry has steadily increased. From January to March 2017, the sales profit rate of textile enterprises above designated size was 5.2%, which was 0.2 percentage points higher than the same period of the previous year; the total asset turnover rate was 1.5 times/year, which was 2.7% higher than the same period of the previous year; the turnover rate of finished products was 21.1. The number of times/year was 4.7% higher than the same period of the previous year; the ratio of three fees was 6.2%, down 0.2 percentage points from the same period of the previous year; the loss was 15.8%, down 2.2 percentage points from the same period of the previous year.

Third, there are problems in the operation of the textile industry

(1) The comprehensive cost burden of enterprises is heavier

The state has introduced many policies for tax reduction and fee reduction, but the comprehensive cost burden of China's textile enterprises has not been alleviated.

Production factor cost. Our price is nearly 2 times in Vietnam, the United States and other places; implementation of the "coal to gas", printing and dyeing enterprises to improve part of the total fuel and power costs to about 2 times the original; long-term domestic cotton prices higher than the international market, currently spread inside and outside about 500 Yuan / ton. The increase in cost pressure has led to a decline in the enthusiasm of textile companies for domestic investment, and some companies have turned their new investments overseas.

In terms of financing costs. The problem of financing difficulties and financing has not been effectively solved. Problems such as bank lending, interest floating, collecting loan service fees, and requiring regular loan lending still exist. From January to March 2017, the financial expenses of the textile industry other than loan interest increased by 20% year-on-year.

The burden of tax burden is still heavy. The production-type enterprises in the industry pay the value-added tax. After the “reform of the camp”, the basic taxation method and the output tax are not changed. The deductible input tax accounts for a small proportion of the main business income, and the service price increases and the tax burden is transferred. Due to the difficulty of issuing small invoices by small taxpayers, industry companies generally have limited benefits. Some retail and R&D design companies have even increased their tax burden after the “reform of the camp”.

(2) Environmental protection supervision measures need to be improved

In some local environmental protection departments, in order to complete the emission reduction tasks, it is not allowed to conduct environmental impact assessments on printing and dyeing projects, or to set up too cumbersome environmental assessment procedures, which makes it impossible for enterprises to invest in technology and equipment upgrades. According to the "Regulations on the Prevention of Water Pollution in Taihu Lake in Jiangsu Province", Jiangsu Province will not record the printing and dyeing technical transformation projects, and the enterprises' transformation and upgrading investment will be stagnant. Our dyeing wastewater discharge standards set for non-characteristic pollutants aniline, antimony, absorbable organic halogens and other restrictive standards or requirements may not be detected, and the United States, Europe, Japan and other developed countries do not enforce this requirement, because the industry There is a lack of feasible targeted processing technology, and textile companies have no way to deal with it.

(3) Changes in domestic demand market bring new challenges

The domestic demand market growth rate has dropped sharply since 2016, and it has maintained a low growth rate from January to April 2017. Mainly due to the slowdown in macroeconomics and income growth of residents, consumption is more rational and cautious. The characteristics of upgrading the consumption structure were remarkable. The improved consumption of sports and entertainment products, Chinese and Western medicines, and communication equipment grew rapidly, and the proportion of textile and apparel expenditure declined. In the first quarter of 2017, the national per capita consumption of clothing was 403 yuan, down 0.5% year-on-year. %, accounting for 8.4% of per capita consumption expenditure, down 0.7 percentage points from the same period of the previous year. Intense competition in online shopping channel electricity suppliers, driving down the price of the terminal apparel and home textile products. None of the above factors support the rapid growth of domestic sales growth.

Fourth, the judgment of the development of the textile industry in 2017

In 2017, the external situation facing the textile industry is still complicated and severe, and the pressure to maintain a smooth operation is greater.

From the perspective of international demand, the IMF predicts that the world economy will accelerate slightly in 2016 compared with 2016, but it is still relatively sluggish, and faces uncertainties such as the US New Deal, the Fed's interest rate hike again, and the European election. Therefore, the pressure on the industry's export growth rate is obviously higher. Big. On the other hand, the US fiscal stimulus will boost domestic demand in the short term, driving demand from developed economies to pick up. According to the “Corporate Operator Tracking Survey Report” of China Textile Association in the first quarter of 2017, 32.3% of the enterprises in the next period of international market demand expect that the foreign orders will increase in the next period, which is higher than the current period. The increased proportion of enterprises shows that the international market demand in the second quarter of 2017 is higher than that in the first quarter of 2017. Based on the lower base in 2016, it is expected that the export growth rate of the textile industry will increase slightly in 2017.

From the domestic perspective, the overall tone of the “steady progress” and supply-side structural reforms will keep the macro economy growing in a reasonable range, and the general trend of steady growth in domestic demand will not change, but China’s economic growth will generally slow down and consumer sentiment Factors such as colder and more expensive domestic consumption structure are not conducive to the accelerated growth of domestic sales in the textile and garment industry. In addition, factors such as fluctuations in raw material prices, high comprehensive costs, and accelerated overseas production capacity will have a direct impact on industry production, exports and efficiency.

It is estimated that the textile industry is expected to maintain a stable operation in 2017. The industrial added value of the industry will increase by about 5.5% year-on-year; the main business income and total profit will increase by about 8%; it is estimated that the export growth rate will gradually increase in 2017.

V. Main work of the textile industry in 2017

In order to promote the stable and sustainable development of the textile industry and promote the implementation of the four major strategic tasks of the “ 13th Five-Year Development Plan for the Textile Industry” and the “Outline for the Implementation of the Textile Powers”, the China Textile Association needs to do the following six industry work in 2017:

The first is to achieve innovation and development based on technological innovation. Focus on key common technologies and applied basic research in the industry, accelerate the transformation and application of scientific and technological achievements, promote the synergy of scientific and technological systems, strengthen the construction of standard support systems, and promote the comprehensive improvement of textile technology and equipment, independent innovation, product development level and capabilities. Focusing on improving quality and core competitiveness, we will vigorously implement the “three-product strategy” and optimize the product supply structure. Accelerate technological transformation of enterprises, strengthen enterprise management innovation, and promote the coordinated development of large and medium-sized enterprises.

Second, intelligent manufacturing direction is lean development. Strengthen the textile digital, intelligent equipment development, to promote intelligent plant (production line), foster the development of mass customization; promote the Internet, big data, cloud computing, networking and integration of applications in the textile industry, to promote the elements of optimal allocation of resources, promoting Innovation in manufacturing and business models has created a new impetus for the development of the textile economy.

The third is to achieve integration and development through the combination of industry and finance. Expand financing channels, enhance the ability to apply financial instruments, carry out mergers and acquisitions on a global scale and the entire industry chain, realize optimal allocation of resources, rapid growth of scale, diversification of enterprises and risk dispersion. Make full use of hedging and other financial and risk-hedging techniques, to reduce particularly affect the market price of cotton and other commodity markets volatility brings. Actively pay attention to the latest developments in financial innovations such as green finance, technology finance, inclusive finance, and internet finance, and seek industry integration.

The fourth is to create a fashion development with the goal of cultural self-confidence. Enhance the cultural heritage and cultural self-confidence of the textile and garment industry, and create new competitive advantages in the industry with creative design, fashion promotion and brand building as the focus. Actively explore the integration of traditional textiles and cultural creativity, and expand and develop innovative fields such as cultural products, high-end decorations and art. The research released the trend from color, fiber, Fabric to end product, and created the “big fashion” of the whole industry chain. In-depth development of the productive protection of textile intangible cultural heritage, so that it will renew its vitality in the inheritance.

Fifth, to achieve inclusive development with a focus on social responsibility. Promote the fulfillment of human responsibilities of enterprises, protect the productivity of the industry and meet the needs of the service targets while satisfying the responsibilities to employees and consumers; promote the fulfillment of environmental responsibilities by enterprises, and improve products while controlling pollution, saving resources and reducing emissions. The quality connotation guarantees the future development space of the industry; promotes the fulfillment of market responsibilities of enterprises, and strengthens the market operation efficiency while ensuring the fairness of the market system. Accelerate the formation of the textile industry green manufacturing system, and promote the universal application of cleaner production technologies, and guide breakthroughs in textile waste recycling key generic technologies that promote recycling of textile fibers accounted for the proportion of the total fiber processing volume continued to increase.

Sixth is to achieve linkage development with system construction as the core. Adhere to synergy and linkage to create an open ecosystem and win-win platform. Accelerate the construction of transnational corporations as the carrier of the globalization of production systems to industrial clusters as a carrier of regional production systems and network platform to support distributed production system, with the market, capital, network, technology, culture, responsibility, the advantage Resources are widely linked, effectively organized and highly synergistic, forming a new advantage and a new situation for cooperation in China's textile system.