In the first half of the year, nearly 20% of textile companies suffered losses

A few days ago, it was learned from the China National Textile and Apparel Council that due to the concentration of external unfavorable factors, the development pressure of the enterprise was too great. In the first half of this year, the overall benefit of the textile industry fell compared with the same period of 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 companies will still be in a more difficult position, and the overall growth rate of the industry will decline sharply from the previous year. Both the loss and loss of the company will expand, and more medium, small and micro enterprises will be eliminated. risks of.

Significant decline in efficiency Since 2012, the textile industry's production efficiency has continued to increase. From January to June, the labor productivity of enterprises above designated size has increased by 12.7% year-on-year. However, due to the concentration of external unfavorable factors, the pressure on the development of enterprises was too great, and the overall efficiency of the textile industry fell compared with the same period of last year.

Sun Huaibin, spokesperson of the China Textile Industry Federation, revealed that in the first half of this year, the total profit of textile enterprises above the designated size decreased by 1.9% year-on-year, and the sales margin was 4.5%, a year-on-year decrease of 0.5 percentage points. The corporate loss reached 18.4%, and the loss of loss-making enterprises increased by 124.1% year-on-year. Among the sub-sectors, cotton spinning and chemical fiber are affected by the fluctuation of raw material prices, and the profits of the industry are all showing negative growth. From January to June, the chemical fiber industry decreased by 52.3%, and the profit of 105 backbone textile enterprises decreased by 52.1%.

In the downturn of the industry, the performance of listed companies in the medium term is not optimistic. China Garment (000902) achieved operating income of RMB 675 million in the first half of the year, a year-on-year decrease of 13.02%; net loss attributable to shareholders of listed companies was RMB 18,905,400. According to the semi-annual report of Luolai Home Textiles (002293), the net profit attributable to shareholders of the listed company was 134 million yuan, a year-on-year decline of 17.7%. Huafang Textile (600273) reported that the company achieved operating income of 733 million yuan, an increase of 2.28%. However, the operating cost was as high as 788 million yuan, which severely engulfed the company's profits, resulting in a net loss of 33.76 million yuan.

Listed companies generally stated that the domestic and international markets for cotton have been seriously reversed, and the cost of various types of labor costs has increased, leading to high production costs. In addition, labor shortages in the economically developed regions in the east are relatively tight, resulting in a reduction in the rate at which companies start production and affecting the production of enterprises.

The future is not optimistic. At present, the pressure factors that affect the development of the textile industry still exist. Sun Huaibin believes: "Labor costs and capital costs have been increasing year by year, and energy prices have continued to rise. The pressure on SMEs in the textile industry is also increasing."

The cost of production factors such as the employment of textile enterprises continues to increase. According to research, the average wage of the textile industry in the first half of the year increased by about 15% year-on-year; statistics show that the domestic fuel price rose by 3% year-on-year in the first seven months of the year, and the financing problem of corporate financing is still high. Without thorough resolution, the cost of financing remained high. In the first half of the year, interest expenses of enterprises above designated size increased by 29.5% year-on-year, which was higher than the growth rate of main business income of the same period by 19.8 percentage points.

Coupled with the continuous downturn in external demand and raw material price fluctuations, overall, the current economic operation of the industry still faces many risks. Sun Huaibin said that further deepening the adjustment of industrial structure, accelerating the transformation of development methods, and resolving various external risks from the roots are still the fundamental tasks faced by the entire industry.