In accordance with the requirements of relevant national departments, in order to better understand the resumption of work and production of textile and chemical fiber enterprises, the China Textile and Apparel Industry Federation has adjusted the daily survey on resumption of work and production to a weekly survey. The situation of the chemical fiber industry from March 23 to 29 is summarized as follows.
1. Overview of resumption of work and production
According to the results of the resumption of production and work survey conducted by the China Textile Federation from March 23 to 29, as of 24:00 on March 29, the chemical fiber industry had received reports from 30 companies. The questionnaire mainly covers polyester, spandex, polypropylene, high-performance fiber, regenerated cellulose fiber, acrylic and other sub-industries. At present, these 30 companies have all started operations, and the number of people who have returned to work has reached 30,371, accounting for 99.4% of the number of workers under normal circumstances, an increase of 4.5 percentage points from last week (the companies surveyed are not exactly the same).
From the perspective of operating indicators, the first is capacity utilization. 56.7% of the above-mentioned enterprises have a capacity utilization rate of more than 80%, and 33.3% have a capacity utilization rate of 50% to 80%. Those below 30% accounted for 6.7%. Compared with the survey results of the previous week (the surveyed companies were not exactly the same), the overall capacity utilization rate of the industry remained basically stable. The second is the order level. 44.8% of the above-mentioned enterprises have reached more than 80% of the normal level, 44.8% have 50%-80%, and 10.3% are still below 50%. Compared with the survey results of the previous week (reported by The surveyed companies are not exactly the same), and order levels have improved. The specific situation is shown in the figure below.
▲Investigate enterprise capacity utilization
▲Survey of downstream orders of enterprises
From the perspective of operational efficiency expectations, first, 53.3% of the surveyed enterprises expect sales revenue to decrease year-on-year in the first quarter of 2020, of which 10% Companies expect that the year-on-year decline in revenue in the first quarter may exceed 50%, 10% of companies expect a year-on-year decline of 20% to 50%, 33.3% of companies expect a year-on-year decline of less than 20%, 40% of companies say it will be basically the same as last year, 6.7% Businesses reported growth compared with the same period last year. Second, 56.7% of the surveyed companies are still cautious about their sales revenue expectations in the first half of the year, with 23.3% of them expecting a year-on-year decline of more than 20%, and 33.3% of companies expecting a year-on-year decline of less than 20%. Another 16.7% of companies said they expected a year-on-year decline of more than 20%. During the same period, it was basically the same. At the same time, 6.7% of companies said they would grow by less than 10% year-on-year, and 20% said they would grow by more than 10% year-on-year. Third, more than half of the companies are not optimistic about the export situation. Among the surveyed companies involved in export business, 56.0% said that exports in the first quarter would decrease year-on-year, 68.0% said that exports in the first half of the year would decrease year-on-year, and 36.0% of them said the decrease would exceed 20%. The specific situation is shown in the figure below.
▲ Investigate companies’ sales revenue forecasts for the first quarter of 2020
▲Survey companies’ sales revenue forecasts for the first half of 2020
▲Survey companies’ forecasts for exports in the first half of 2020
In addition, the investment intentions of companies reported last week were generally not strong, and 20.0% of companies’ invested projects are on hold. According to the current situation, 56.7% of companies have no projects under construction and no investment plans, while 86.7% of companies said they still have no investment plans next week.
2. Main problems faced by enterprises in resuming work and production
According to The survey results show that companies that reported last week reported that financial constraints, insufficient orders, and blocked sales channels are the main difficulties currently faced by the industry, followed by problems such as logistics obstruction or excessive prices, difficulty in purchasing raw materials and auxiliary materials, and labor shortages. It is worth noting that the tight cash flow caused by the cancellation of orders by downstream customers has caused some companies to face greater operating pressure. See the picture below for details.
▲Investigate the main problems faced by enterprises in the process of resuming work and production
3. Policy demands for enterprises to resume work and production
In view of the outstanding problems currently faced by chemical fiber enterprises in resuming work and production, investigate the enterprises Expressed hope for further policy support. According to the survey results, most surveyed companies still hope to effectively implement the policies and measures issued by the country and local governments at all levels to exempt social security fees, reduce industrial electricity prices, postpone payment of water and gas fees, broaden financing channels, and provide logistics, epidemic prevention and control policies and measures. Material subsidies and preferential loan interest rates reduce the current operating costs of enterprises. At the same time, enterprises are supported to develop Internet sales channels to expand domestic consumption, and enterprises that adopt online sales models are provided with e-commerce platform usage fee subsidies. </p
