Xiao Wang is my junior high school classmate. He is considered a “rich second generation”. His family has opened a factory with 100 looms. Now his father has basically taken a back seat. As for the second line, he inherited the “family business”.
Going to Xiao Wang’s sales department to drink tea and chat is something I often do in my free time when I can’t get any orders. It just so happens that the market has not been very good recently, and I currently have only one order in my hand. None, just went to his place to kill time as usual.
After a cup of tea is brewed, I just remembered to chat with Xiao Wang about the League of Legends s9 finals that is being held recently. We are about the same age. We often played hack together in college. This can be considered a common theme. Hobby. Unexpectedly, Xiao Wang complained to me first and talked about his current situation.
Xiao Wang said that it is now the end of the month, and it is time to pay wages, settle water and electricity loans and other various expenses. Just say that in their factory, the various expenses by the end of the month will be no less than 200,000. This is especially true this year. Every time at the end of the month, it seems like you have to pass a hurdle. If you pass it, the company will survive. But there are so many companies that haven’t passed it, and they are watching helplessly.
Looking at their past mistakes, I really don’t dare to relax at all now, but it’s already reached this time, and I still haven’t collected the more than 200,000 yuan for this month. People who are less than 30 years old Xiao Wang even started to lose his hair from worry.
I feel a little unbelievable. As far as I know, their factory has been open for more than ten years, and it seems that they have never encountered such a thing. Even when the market was not good a few years ago, and people said it was a “cold winter for the textile industry,” funds were not so tight at that time that we couldn’t even pay for monthly wages, utilities, and electricity.
I wanted to say how could this be possible, but then I thought that I also have one on hand now There are no orders, and I can’t help but agree that the market is indeed a bit bad this year.
Xiao Wang gave me a wry smile and said, this year’s market can no longer be used. To describe it, the people who place orders are all old customers. The so-called “Golden Nine and Silver Ten” are just some cyclical demands, which are summarized based on the rules of previous years. But with this year’s market situation, any rules are useless. After entering October, they only received one order and produced it. Even the gray cloth cannot be sold. It is obviously the traditional peak season, but the inventory has not decreased but increased.
This is indeed an exaggeration. After all, I also talked about this issue with Xiao Wang in August. He told me at the time that although the market was not good and the inventory was relatively large, in July and August in previous years, There was already a lot of inventory at that time, but when the market picked up in September and October, the inventory of conventional products was digested very quickly.
Xiao Wang did not expect this situation, and I did not expect it either. Maybe someone in the market has thought of it, but even if they have thought of it, can they really not consider rent, water, electricity, and labor? These fixed costs, do you want to shut down the factory without considering bank loans? I believe not many people can make this determination.
For the textile market, if the market situation goes bad, all kinds of “demons” will come.
Xiao Wang said that recently he also encountered a debt problem that he had not encountered for a long time. Because he needed to collect enough “pass-through money” at the end of the month, he called those customers who had outstanding debts. One of them originally promised to pay it back on the 20th of this month, but the other party used the excuse that the money had been invested, so he could only pay it back next month; this is not bad, but a few simply chose to “default” Of course, they didn’t do it on purpose, but the company they were connected to downstream went bankrupt and they couldn’t get the payment, so naturally they didn’t have the money to pay it back.
In addition, the phenomenon of selling goods is also common. Not long ago, someone sold another 600,000 meters of pongee on the market. The cost was 1.7 yuan/meter. As a result, the price was 1.65 yuan/meter. Xiao Wang said that if he had no money, he would have the urge to eat this batch of goods. And he also understands this behavior of selling goods. After all, the polyester yarn is used up and turned into gray cloth. The gray cloth is piled in the warehouse and cannot be sold, but there is no money to buy new raw materials, or at the end of the month, the salary is due and cannot be used. When money comes, all we can do is deal with the mountain of inventory. If he still can’t get the money together in the end, he will also choose to sell the goods. But there are so many people selling goods in the market.The price of cloth is even more stagnant.
In addition, in the past, Xiao Wang only focused on production, The produced cloth will naturally be collected by someone, but that is no longer possible. Now he is trying to bypass some of the middlemen in the past and directly contact the final fabric production company, saying that this might be able to slightly increase profits. Xiao Wang said that he is now mobilizing all channels to expand his network. As long as he can make one more profit and sell one more meter of cloth, that will be good.
What happened to Xiao Wang made me sigh. In the past, when the market was not good, there were There is a saying that “the New Year is sad”, but now “New Year” has become “Month”.
I don’t know if he has collected the more than 200,000 yuan and whether he needs to sell goods next. After hearing so much in the market, I just I know that things like this this year are no longer an isolated phenomenon. In the current market situation, textile people are generally under great pressure.
After the storm,
is the rainbow!
Hope that all textile workers can “pass” safely!
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