Work on 6 July, the letter released data showed that, since 2012, by international market demand is abate, the domestic market demand growth slowed, domestic and foreign cotton price difference too factors, China's textile industry operation present situation decline, production growth dropped significantly, export quantity decreased, enterprise benefit the drop, industrial chain front (cotton, chemical fiber) loss heavier. The second half of this year the textile industry is expected to run to significantly improve the situation.

A, 1-5 month textile industrial operation

(a) production low growth, rapid growth fell back. 1-5 month, the national scale textile enterprise total more than realizing industrial output value 2.1449 trillion yuan, up 11.8%, year-on-year growth fell 18.3%; Ratios for 97.3%, year-on-year declined slightly. 1-5 month, yarn production up 14.1%, year-on-year growth rate increased by 4.0%; Chemical fiber production year-on-year growth of 15.1%, year-on-year growth fell 0.3%; Cloth production up 11.6%, year-on-year growth fell 4.1%; Clothing production up 7.2%, year-on-year growth dropped by 4.7%.

(2) export growth, domestic demand growth decline. 1-5 months, China's textile and apparel exports 90.6 billion us dollars, up 2.1%, below the national commodity export the 8.7% increase in total, including textile exports grew 1.4%, clothing export year-on-year growth of 2.5%. The national limitation above enterprise (units) commodities in retail sales, clothing shoes and hats, needles textiles retail sales grew 16.2%, growth 7.3% lower than the same period last year.

(3) investment growth slowed, the Midwest than investment accounts for of continues to improve. 1-5 months, China's textile industry has been finished 5 million yuan of above project investment in the fixed assets 261 billion yuan, up 18.5%, year-on-year growth dropped 17.7%, lower than the same period the social fixed assets investment growth 1.6%; New project 5759, reduced by 2.9% year-on-year. 1-5 months, the central region investment year-on-year growth of 21.5%, the proportion of the nation's 29.4%, accounting for the same period last year more increased by 0.7%; The western region investment year-on-year growth of 28.4%, the proportion of the nation's 7.8%, accounting for the same period last year more increased by 0.6%.

(4) profits continue to fall, the enterprise KuiSunMian expanded. 1-5 month, scale above textile enterprise accumulative total realize the profit of 91.7 billion yuan RMB, a 2.4% year-on-year drop and the speed of 40.5% lower than the same period last year; More than 18.6% of the scale of the enterprise KuiSunMian, 5.4% higher than the same period last year; Losses of the enterprise loss up 128.5% year-on-year, growth over the same period increased by 122%. Among them, chemical fiber industry year-on-year profit plunged 50.1%, cotton yarn industry profit goes down 5.9%.

Second, the influence of the main textile industry operation

(a) the market demand. At present, the downward trend in macroeconomic overall. The European sovereign debt crisis spreading remain in effect, the following influence international financial crisis continues to appear, international market downturn and prospects for large uncertainty. The United States in 2011 global textile clothing imports to increase by 8.6% over last year, and the first four months of this year increased by only 3.4%. The eu demand down significantly, 1-5 months, China's exports to Europe fell 11.2%. The domestic market is high prices, market confidence and other factors, and also presents the growth is slowing trend.

(2) the cotton price difference continued expansion at home and abroad. Since the last quarter of last year, domestic and foreign MianJia sent the widening. By July 5, MianJia at home and abroad about 4500 yuan/poor tons. Continue to widen both at home and abroad MianJia poor, the weakening of the international competitiveness of China's textile industry. 1-5 month cotton yarn export quantity 9% year-on-year drop, cotton yarn imports up 78%, pure cotton fabric imported year-on-year growth of 133%, cotton exports 3.4% year-on-year drop. China cotton association tracking cotton manufacturing enterprise KuiSunMian reached 40%, 30000 pieces of the following spinning enterprise reduction and discontinued face close to 50%. Xinjiang is the primary production of cotton mainly area and so on the textile enterprise KuiSunMian reached about 65%, the industry sales income fell 25%, the industry losses of more than $300 million.

(3) the international market competition. China's overall by raising the cost factor, neighboring countries textile influence of competitiveness, the international market purchase order flow of southeast Asian countries, China's main developed countries in the textile and clothing products market share fell. According to the American customs data display, 1-4 months, the United States imports from China's textile clothing from the total global the imported products for 36.1%, is down 4.04% since 2011; According to the Japanese customs data display, 1-4 month, Japan imported from China's textile clothing from the total global the imported products for 73%, is down 1.95% since 2011. Over the same period, India, Vietnam and other countries, Bangladesh in America, Japan market share both rose.

(4) the financing cost remains high. 1-5 month, scale above textile enterprise interest expenses increased 28.6% year-on-year, the same period than advocate business wu income growth high 18.4%, and the same period last year, interest expenses only growth than advocate business wu income growth 6.8% higher. In production, sales growth slowed sharply, a lot of interest expenses, and constrains textile enterprise development and a bottleneck.

Three, the second half judge trend

From the global situation look, international economic situation is not optimistic, and the political situation is unstable factors exist, local unrest frequent, the international situation is still will continue to demand downturn; From the development of the industry environment look, labor and other production costs continue to improve, financing difficulty in the short term to completely improve, MianJia poor at home and abroad is still widening, textile industry development environment is still severe. From the domestic economic situation look, save the accuracy and interest rates after both revised, more "steady growth" measures are expected to come on stage, may promote our country's domestic economic situation stabilising better off, become the industry trend to an important support good operation.

Overall see, the second half of the textile enterprise will still be in a more difficult position, textile and apparel exports will continue to low growth, trade integrated benefit a year growth will decline, the enterprise KuiSunMian and losses will be enterprise which has expanded, more in, small, miniature enterprise will face the risk of knocked out.

(the securities times dispatch center)

Source "the Chinese textile nets"

Edit: Emma