Home Textiles Industry Showed Stable Operation (1-9, 2012)

Jul 03, 2013  |  by
Industrial output remained growth.
In the first three quarters, the NBS showed that 1812 enterprises above designated size realized 180.4 billion yuan total industrial output value, a year-on-year increase of 13.6%, and the growth rate dropped 1 percentage points compared with the first half year.
The 200 key enterprises tracked by the CNTAC achieved 64.4 billion yuan industrial output value, a year-on-year growth of 6.3%, and the growth rate was 0.3 percentage point lower than the first half year. The output value of the 16 industry clusters totalized 196.6 billion yuan, increased by 7.6% year-on-year, while the growth rate fell nearly 4 percentage points compared with the first half year.
The operation saw an overall good momentum.
  In the first three quarters, the profits of 1812 enterprises above designated size kept a good growth of 13.9%, and the profit margin reached 5.19%, up 0.08 percentage point year-on-year. At the same time, the three fee proportion dropped 0.03 percentage point, and the financing environment of enterprises had been improved.
  In addition, profit of the 16 industry clusters also achieved 14.7% growth in the first three quarters. The growth rate was 7 percentage points higher than the total industrial output value, and the profit margin saw a year-on-year increase of 6.3%.
Benefits of bedding & towel industries were high.
In the first three quarters, the total profits of 5 bedding clusters saw a year-on-year increase of 27.4%, and the growth rate was 20 percentage points higher than the output value. Profits of 2 towel clusters increased 12%, keeping basic synchronous growth with the output value.
Though the output growth of the two industries was slowing down, the profitability showed a better sign. However, the total profits of 5 fabric clusters dropped 2.2% in the first three quarters, which was consistent with the declining situation forecasted in the first half year.  
Polarization of profit margin was serious among enterprises.
The situation of the enterprises with high profit margin and losing enterprises is strengthened, while the profitability of most enterprises with good profits is convergence. Among 200 enterprises, 33 enterprises realized the profit margin between 5.66% and 10% in the first half year; while 40 enterprises achieved the same profit margin range in the first three quarters, accounting for 26% of the total enterprise profits, down 3 percentage points compared with the first half year. The profit saw a year-on-year increase of 0.47%, while the growth rate was 4 percentage points lower compared with the first half year. At the same time, the total profit of 107 enterprises with the profit margin above zero and below the average value decreased by 12.5% year-on-year, and the growth rate was 2 percentage points higher than the 103 enterprises with the same profit value range in the first half year.
  In contrast, the difference between enterprises with high profit margin and losing enterprises showed a expand tendency. In the first three quarters, the profits of 29 enterprises with profit rate over 10% accounted for 49% of the total amount of all corporate profits, which was the same with the first half year, but the number of the enterprises was 35 in the first half year. On the other hand, the average profit rate of the 24 losing enterprises was -1.6%, and the profit reduced 625.4%, down over 360 percentage points in the first half year.
Domestic sales maintained steady growth.
  In the first three quarters, domestic sales of 1812 enterprises above designated size saw a year-on-year increase of 18.5%, while the export delivery value only increased 1.6%. Domestic sales of the 16 industry clusters also increased 10%, while the export decreased 1.5%.
At present, the production and sales of public market clusters and specialized market clusters are generally good. The domestic output value of the Haimen industrial park and Tongzhou Chuanjiang bedding clusters in Nantong area accounted for 83%, and the profit increased by 30% year-on-year. Besides, the towels-oriented Gaoyang Country and Gaomi City all achieved 10% growth in domestic output value, accounting for about 94% of the total. The domestic sales value of Tudian fabric cluster increased 6%, accounting for 90%. The above five clusters’ domestic output value and profits accounted for 67% and 76% of the 16 clusters’, respectively.
  The strong growth of online sales pulls the sales of fair-price goods. According to taobao data, the growth rate of home-textiles turnover had increased by 216% through taobao platform in the first half year.
Export operated at a low speed.
  Since last year, export of home textiles industry remained relatively stable growth, and the export volume maintained slow growth. According to China’s customs statistics, in the first three quarters, China’s home textiles export totalized $26.8 billion, a year-on-year growth of 6%. The export volume and price increased 1.9% and 4.2%, respectively. Compared with the beginning of 2010, the growth rate of the price in September last year had been close to 32%.
Currently, the United States, European Union and Japan, the three traditional markets accounted for 51.6% of China’s export, and its steady growth ensures the smooth growth of China’s export. In the first three quarters, export value of the three markets increased 3.6%. Export to the United States and Japan increased 7.8% and 5% year-on-year respectively, accounting for over 35% of China’s total export, which was better than European Union. The export to the European Union kept negative growth last year with a year-on-year decline of 2.8% in the first three quarters, and the proportion of total export of China’s home textiles showed a sustained downward trend.

2024.12   

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