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In the first half of 2019, China's industrial textile industry has maintained a stable operation by overcoming various unfavorable factors. The industry continues to rely on the huge domestic market and actively explores the international market, especially the market along the “Belt and Road” to enhance the industry through technological innovation and refined management. The competitiveness of the macro-environmental uncertainty will be resolved to ensure the stable and healthy development of the industry. The industrial textile industry will continue to enhance its independent innovation capability, enhance the connotation of industrial science and technology innovation efficiency, focus on key common technologies and applied basic research in the industry, accelerate the transformation and application of scientific and technological achievements, and strive to achieve substantive breakthroughs in key technologies and achieve textile technology. Equipment, independent innovation, product development level and ability to improve.
Production and sales keep growing at a high speed
Exports face greater pressure
In the first half of 2019, China's industrial textile industry maintained a stable operation by overcoming various unfavorable factors, and the industrial added value increased by 7.6%. The main business income and total profit of enterprises above designated size increased by 6.32% and 1.49% respectively, and the three indicators increased. The rate was basically the same as that of the same period last year. According to the China Industrial Textiles Industry Association (hereinafter referred to as the “China Association”), the prosperity index of member companies in the first half of the year was 69.5, down 8.4 from the same period of last year, but still in a relatively booming range.
According to the middle-class coordination research, the demand index of enterprises in the first half of the year was 49.7, which was lower than the Rong-Fu line for the first time. Among the companies surveyed, 34% said that the market demand showed a different degree of decline, and 6.5% said that the decline was more Large; 1/3 of the companies said that market demand is basically flat, and another 1/3 of companies believe that demand has increased. However, the industry's production index has remained at a high level of 66.2, and the actual situation is better than the company's judgment on demand.
According to the National Bureau of Statistics, the output of non-woven fabrics of enterprises above designated size was 2.162 million tons, an increase of 11.41% year-on-year, indicating that non-woven fabrics are important raw materials for industrial textiles, and their demand in various fields is still very large; In the first half of the year, China exported 497,000 tons of non-woven fabrics, a year-on-year increase of 6.88%. In the first half of the year, the output of curtain fabrics of enterprises above designated size was 295,000 tons, a decrease of 9.83% year-on-year. Curtain fabric is a traditional product in industrial textiles. It is applied to vehicle tires. The application market is very simple. Due to the downturn in the automotive market, the production of cord fabrics is basically in a contraction state in recent years.
According to the National Bureau of Statistics, in the first half of the year, the main business income and total profit of enterprises above designated size in the industrial textile industry were 118.77 billion yuan and 6.02 billion yuan respectively, up 6.32% and 1.49% respectively, and the industry profit rate was 5.07%. 0.24 percentage points. However, from the perspective of profit composition, the industry's gross profit margin was 14.07%, a significant increase of 0.5 percentage points over the previous year. The ratio of three fees was basically the same as last year, and the operating profit margin increased by nearly 0.5 percentage points. The factors that contribute to the decline in profitability in the industry are not business factors, but abnormal changes in non-operating income and expenses.
In the first half of the year, the industry's loss was 15.52%, and the loss of loss-making enterprises increased by 20.73%. The changes in the macro situation have had a major impact on the operation of some enterprises in the industry. The survey results of the China Association of Producers also confirmed the relevant data. In the first half of the year, the industry's income index was 61, the profit index was only 52.6; the output index was 66.2, but the finished product price index was only 44.2; the output growth rate was higher than the income, and the income growth rate was higher than the profit. The growth in the first half of the year was mainly driven by production. In the same period, the company's tax index was only 44.2, which was in a falling range, indicating that the country's tax reduction and tax reduction policies have truly benefited the enterprise and ensured that the company maintained good performance under relatively difficult conditions.
In terms of fields, the growth rate of main business income and total profit of the rope and cable industry reached 15.62% and 17.01% respectively, but the profit rate was only 4.94%, which was at a relatively low level; the main business income of other industrial textiles And total profit increased by 5.17% and 3.38% respectively, gross profit margin increased by nearly 1 percentage point, which was the highest in the industry; non-woven fabric's main business income increased by 6.84%, but total profit decreased by 5.91%, profit margin 5.03%, profitability is at a relatively low level in recent years. The main business income of the textile belt and cord fabric industry increased by 2.24%, the total profit decreased by 3.73%, the gross profit rate decreased by 0.7%, the industry's cost structure fluctuated greatly, and the profit rate was only 3.44%, which was at an ultra-low level in the industry. In recent years, the field has been affected by the downturn in the downwind industry, and the overall economic benefits are not very satisfactory.
In terms of exports, in the first half of the year, China's industrial textile industry exported a total of 13.13 billion US dollars of various products, which was 1.23% higher than the same period last year. The impact of Sino-US trade friction on industry exports has already appeared in 2019. In the first half of the year, exports to the US reached US$2.04 billion, down 3.05% year-on-year, especially for products that have already been subject to tariffs. In the first half of the year, exports of non-woven fabrics and special yarns to the United States decreased by 17.65%, exports of industrial textiles to the United States decreased by 28.6%, and exports of these two types of products to the world increased by 0.7% and -1.61%, respectively. In the first quarter of the US import market, the share of the above two types of Chinese products was significantly reduced by 6 percentage points. However, the United States has a small share of the export markets of the above two types of products in China, and the impact of lower exports on the United States on total exports is basically controllable.
For products not included in the tariff list, such as non-woven protective clothing, tents, wipes and disposable hygiene products, exports to the world increased by 10.83%, 6.04%, 7.47% and 16.09% respectively, and Chinese products compete globally. The advantages are obvious. However, with the expansion of Sino-US trade frictions, the pressure on industry export growth in the second half of the year will increase.
From the perspective of export markets, Asia is a particularly large export area for industrial textiles in China, accounting for 45.7% of the total, 17.7% and 17.2% of the EU and North America, and only 6.2% of Africa. From the perspective of the country, the United States is China's particularly large export market, accounting for 15.58% of the total. Japan and Vietnam rank second and third, accounting for 6.53% and 6.02% respectively.
In general, in 2019, the industrial textile industry has basically maintained a stable operation in the face of various unfavorable factors. It is expected that the whole year will continue the situation in the first half of the year. The production and sales of major products will maintain medium and high-speed growth, the industry profits will grow at a low rate, and exports will be traded by China and the United States. The effects of friction will increase at a low rate or even decrease slightly.
business management
Proactively respond to market changes
Innovative models have their own characteristics
In the first half of this year, China's industrial textile industry improved its operational efficiency through refined management, increased investment in technological innovation, and explored new product application fields and markets to overcome various unfavorable factors, and continued to improve economic benefits. By actively responding to market changes and strengthening technological innovation and management innovation, especially actively researching and developing new products, improving product quality, and expanding sales channels, we have formed innovative development models with distinctive characteristics.
"China Textile News" reporters interviewed several industry companies, and found in interviews that several of the companies surveyed are quite satisfied with the operation of this year.
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