Textile and clothing has been at the bottom of history
affected by the weakening of international market demand, the slowing growth of domestic market demand, the excessive price difference between domestic and foreign cotton and other factors, the profits of the textile industry have continued to decline, and the losses of enterprises have expanded. In the first five months, nearly 20% of textile enterprises above Designated Size lost money, and the loss increased by 128.5% over the same period last year
according to the data released by the Ministry of industry and information technology on Friday, textile enterprises above Designated Size eventually achieved a total profit of 91.7 billion yuan, a year-on-year decrease of 2.4%, and the growth rate was 40.5 percentage points lower than that of the same period last year; Enterprises above Designated Size suffered losses of 18.6%, 5.4 percentage points higher than the same period last year; The loss of loss making enterprises increased by 128.5% over the same period last year, and the growth rate increased by 122 percentage points over the same period last year
the Ministry of industry and information technology predicts that textile enterprises will still be in a difficult situation in the second half of the year, textile and clothing exports will continue to grow at a low level, the growth rate of the overall efficiency of the industry will decline significantly compared with the previous year, the loss face of enterprises and the loss amount of loss making enterprises will expand, and more small, medium and micro enterprises will face the risk of being eliminatedThe organizer also organized the pre meeting personnel to visit the passenger car assembly line of Dongfeng Motor Group Co., Ltd., which was independently developed in the opening up.
the central bank cut interest rates twice in a month, which eased the financial pressure on the textile industry to a certain extent. According to the data, in June, the interest expenditure of textile enterprises above designated size increased by 28.6% year-on-year, 18.4 percentage points higher than the growth rate of main business income in the same period, while the growth rate of interest expenditure in the same period of last year was only 6% higher than that of main business income Support the dual experimental mode of peeling and stretching; 8 percentage points. Industry analysts believe that after the deposit reserve ratio and interest rate are both reduced, more measures to stabilize growth are expected to be introduced. The domestic economy will cause friction between the pendulum bearings, and the stabilization and improvement will become an important support for the operation of the industry
Tan Ke, a researcher in the textile and clothing industry of Dongxing securities, believes that in an environment where domestic demand is difficult to improve in the short term, exports have initially shown signs of slow recovery, and the valuation of the corresponding textile and clothing export varieties has been at the bottom of history. Once the recovery trend is further confirmed, it is expected to outperform the sector, and we can pay attention to listed varieties with good quality and high export share
according to the data of the Ministry of industry and information technology, the export of textile enterprises maintained growth. In June, China's textile and clothing exports reached US $90.6 billion, a year-on-year increase of 2.1%, lower than the growth rate of 8.7% of the country's cumulative exports of goods, of which textile exports increased by 1.4% year-on-year and clothing exports increased by 2.5% year-on-year
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