Last year, my country’s textile industry: growth slowed down and quality improved significantly
2016Analysis of industry economic operation shows: growth rate slows down and quality improves significantly
On February 10, the China Fabric Industry Federation held the 2016 Fabric Industry Economic Operation Analysis Meeting, which analyzed the industry’s economic performance in 2016 from the aspects of prosperity, data performance, market demand and operating characteristics. The overall performance was analyzed and summarized. In 2016, the production index, order index, and product price index of my country’s fabric industry all improved. The adjustment of regional investment structure has slowed down and the layout of internationalization has accelerated. The industry as a whole shows the basic characteristics of deepening export decline, slowing domestic sales growth, slowing investment growth, and stable quality and efficiency indicators.
According to the analysis of the Industrial Economic Research Institute of China Fabric Industry Federation, in 2016, under the complex situation of economic downturn and weak market demand, my country’s fabric industry further promoted transformation and upgrading and actively implemented supply-side structural reform. , the fabric industry achieved steady growth throughout the year, industry profitability was stable, and operating quality continued to improve. However, the cost burden on enterprises is still heavy, and the industry faces greater pressure for progress.
Efficiency of scale has stabilized and slowed down. According to data from the National Bureau of Statistics, the industrial added value of enterprises above designated size in the fabric industry increased by 4.9% year-on-year in 2016, 1.4 percentage points lower than the growth rate in the same period last year; the main business income was 7330.23 billion yuan, a year-on-year increase of 4.1%, and the growth rate was higher than the previous year. The same period last year slowed down by 0.9 percentage points; the total profit was 400.36 billion yuan, a year-on-year increase of 4.5%, and the growth rate was 0.9 percentage points slower than the same period last year; the fixed asset investment completed was 1.28387 billion yuan, a year-on-year increase of 7.8%, and the growth rate was higher than the previous year. A decrease of 7.2 percentage points over the same period last year.
Market pressure is more prominent. In 2016, the national retail sales of workwear, shoes, hats, needles and fabrics above designated size increased by only 7% year-on-year, a slowdown of 2.8 percentage points from the same period last year; the national online retail sales of clothing products increased by 18.1% year-on-year, a decrease of 3.3 percentage points from the same period last year. percentage point. The cumulative export of fabrics and workwear throughout the year was US$270.12 billion, a year-on-year decrease of 7.2%, and the decline deepened by 2.4 percentage points compared with the same period last year.
The quality and efficiency of the industry are stable and improving. In 2016, the sales profit margin of fabric enterprises above designated size was 5.5%, and the total asset turnover rate was 1.6 times/year, both the same as the same period last year; the finished product turnover rate was 21.98 times/year, 1.2% faster than the same period last year; three fees The proportion was 6.1%, a decrease of 0.1 percentage points from the same period last year.
Progress has been made in transformation and upgrading. In 2016, the industrial added value and total profit of the industrial fabrics industry increased by 9.1% and 8.3% respectively year-on-year, and the sales profit margin was 6.2%, both significantly higher than the industry average, and it continues to play a role as a new growth point in the industrial chain. The quality improvement and brand building work in the workwear and home textile industries has achieved results, with the annual sales profit margin reaching 5.8% and 6.2% respectively, which is better than the level of the entire industry. In 2017, the accelerated economic recovery and the rebound in international market demand will support my country’s exports of fabric workwear. The stable growth of the domestic macro economy will also provide positive support for the domestic demand market. The supply of raw materials in the industry is also expected to be stable under the advancement of agricultural supply-side reforms, providing a stable environment for the industry. Laying the foundation for the smooth operation of the industry. As the industry continues to implement the “three-product strategy”, meet the needs of consumption upgrades in terms of fabric workwear product development and retail models, seize opportunities for consumption upgrades, and improve supply quality and efficiency, it is expected to achieve stable and positive industry operations and stable and improved quality. .
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