In the first quarter of 2021, faced with the complex domestic and international development environment and the test of the epidemic, my country’s textile industry, under the scientific guidance of national macro policies, coordinated and promoted epidemic prevention Control and production operations, based on high-quality manufacturing in the industrial chain and rapid response capabilities of the supply chain, and actively explore the room for domestic and foreign market recovery. The production and sales situation is basically stable, corporate efficiency is accelerated, and the main operating indicators have rebounded significantly based on the low base in the same period last year. , overall a good start. But overall, the development situation faced by the textile industry is still complex and severe, with many uncertain and unstable factors. The foundation for sustained recovery still needs to be consolidated, and achieving stable operation throughout the year still faces greater challenges.
Industry prosperity maintains expansion, and production situation fully recovers
In the first quarter, the domestic epidemic situation Under the combined influence of factors such as the stable prevention and control situation, improved market demand, and the ease of workers returning to work during the Chinese New Year, the textile industry’s prosperity and capacity utilization levels have steadily improved, and have exceeded the levels of the same period in 2019 before the epidemic. According to survey data from the China Textile and Apparel Federation, the prosperity index of my country’s textile industry in the first quarter was 57.1, which has been above the 50 line for four consecutive quarters and increased by 2.1 percentage points compared with the first quarter of 2019. According to data from the National Bureau of Statistics, in the first quarter of 2021, the capacity utilization rates of the textile industry and chemical fiber industry were 78.3% and 87.1% respectively, both higher than the national industry level of 77.2% in the same period, and 11.1 and 12.7 percentage points higher than the same period in 2020, respectively. And compared with the same period in 2019, they increased by 0.6 and 3.9 percentage points respectively.
The production situation has fully recovered. According to data from the National Bureau of Statistics, in the first quarter, the added value of the national textile industry above designated size increased by 20.3% year-on-year. Taking the first quarter of 2019 as the base period, the cumulative growth in the two years was 0.5%, indicating that the industry’s production scale has returned to pre-epidemic levels. The production situation of all major links in the industrial chain has achieved an overall recovery, with more than 70% of the links’ industrial added value growing at a rate of more than 10%, and nearly half of the links’ production growth reaching a rate of over 20%. The production situation of the terminal industry has improved significantly. In the first quarter, the added value of the home textile, industrial and textile machinery industries increased by 33.9%, 25.4% and 36.3% respectively year-on-year. The growth rate rebounded significantly by 51.2, 13.9 and 67.8 percentage points compared with the same period in 2020.
The domestic demand market has recovered steadily, and the export scale has exceeded the pre-epidemic level
In the first quarter, with the The domestic epidemic prevention and control situation has consolidated and improved, residents’ offline contact consumption demand has accelerated, online consumption has continued to maintain a good growth trend, and the domestic demand market has recovered significantly. According to data from the National Bureau of Statistics and the China National Commercial Information Center, in the first quarter, the national retail sales of clothing, shoes, hats, and knitted textiles above designated size were 340.1 billion yuan, a year-on-year increase of 54.2%, and the absolute scale has returned to 99.4% of the same period in 2019; During the same period, the retail sales of clothing products by 100 key large-scale retail enterprises across the country increased by 51.1% year-on-year. Online retail sales are growing well. National online retail sales of clothing products increased by 39.6% year-on-year, which was 9.1 and 18.2 percentage points higher than the growth rate of retail sales of food and household goods in the same period. Taking the first quarter of 2019 as the base period, the two-year average annual An increase of 8.9%.
The export scale of the textile industry has exceeded the level of the same period before the epidemic. China Customs Express data shows that in the first quarter of 2021, my country’s textile and clothing exports amounted to US$65.11 billion, a year-on-year increase of 44%, an increase of 15.6% compared with the same period in 2019, and an average annual growth rate of 7.5% in the two years. Among the main export products, clothing has continued the restorative growth trend since the second half of 2020, driven by the rebound in demand. In the first quarter, the export volume reached 33.3 billion US dollars, a year-on-year increase of 47.7%, and the two-year average annual growth rate was 6.4%; textile exports reached 31.81 billion US dollars, a year-on-year increase of 40.3%, and an average annual growth of 8.7% in two years. The export of masks, protective clothing and other epidemic prevention materials has shown a slowdown in growth, and the export scale of non-epidemic prevention textile products has steadily rebounded.
Quality and efficiency have improved, and development confidence has been significantly enhanced
In the first quarter, market demand Under the influence of factors such as recovery, effective burden reduction relief policies, and a low base in the same period last year, the production and operation conditions of textile enterprises continued to improve, and the pace of efficiency recovery accelerated. According to data from the National Bureau of Statistics, in the first quarter, the country’s 33,000 textile enterprises above designated size achieved operating income of 1,054.85 billion yuan, a year-on-year increase of 26.9%, and the growth rate rebounded 52.3 percentage points from the same period last year; total profits were 43.41 billion yuan, a significant year-on-year increase 93%, a growth rate of 137.2 percentage points higher than the same period last year. Enterprise profitability has improved significantly. In the first quarter, the operating income profit margin of textile enterprises above designated size was 4.1%, which was 1.4 and 0.4 percentage points higher than the first quarter of 2020 and the first quarter of 2019 respectively. The operating income of all major links in the industrial chain has achieved year-on-year growth, of which more than 70% of the links have seen a profit increase of more than 20%, and over 40% of the links have seen a profit increase of more than 50%. The connection between production and sales of textile enterprises has become smoother, and the quality of operation continues to improve. In the first quarter, the turnover rate of finished products and the turnover rate of total assets of textile enterprises above designated size in the country were 12.7 times/year and 1.1 times/year respectively, a year-on-year acceleration of 27.9% and 20.6% respectively. ; The ratio of three fees was 7.2%, a decrease of 0.7 percentage points from the same period last year.
Production and operation conditions and market expectations are stable and improving, which has boosted the development confidence of textile enterprises and led to a rapid rebound in industry investment growth. In the first quarter, the completed fixed asset investment in my country’s textile industry, chemical fiber industry and clothing industry increased by 18.2%, 9.5% and 17.1% respectively year-on-year. The growth rates rebounded significantly from the same period last year.55.3, 28.7 and 62.9 percentage points.
Positive factors continue to accumulate, and the overall good foundation needs to be consolidated
In the first quarter, textile The industry has worked hard to overcome many risk adjustments and generally achieve a smooth start. Looking forward to the whole year of 2021, the development situation faced by the textile industry is still complex, with high instability and uncertainty. On the one hand, the COVID-19 epidemic is still spreading around the world, the international political and economic situation is relatively complex, and the prospects for world economic recovery remain uncertain. The overall export situation of the textile industry is relatively complex. There are uncertain factors such as weak recovery in international market demand and rising risks in the trade environment. Exports There is great pressure to maintain steady growth in scale. At the same time, normal development pressures such as rising comprehensive costs and structural labor shortages are intertwined with new situations such as increased fluctuations in raw material prices caused by macroeconomic factors, making it difficult to completely alleviate the economic pressure on enterprise production. The foundation for the textile industry to achieve comprehensive and sustained recovery needs to be further consolidated. Stabilizing growth and improving quality and efficiency still face greater challenges.
But on the other hand, my country’s textile industry still has important foundations and favorable conditions for continued recovery. Under the new “dual cycle” development pattern, in the first quarter of 2021, my country’s GDP increased by 18.3% year-on-year, becoming the core engine driving global economic recovery. The strong domestic market that continues to expand and upgrade is not only the core foundation for the steady recovery of the economic operation of the textile industry, but also provides sufficient market power for the sustainable innovation and development of the textile industry, and provides favorable support for the industry to integrate into the “dual cycle” development pattern at a higher level. . The national macro-control policy remains continuous, stable and sustainable, and policies and measures based on protecting employment, people’s livelihood, and market entities continue to be effective. They will also further improve the business environment, stimulate the vitality of market entities, and promote the continued recovery of the economic operation of the textile industry. .
The textile industry will actively implement the decisions and arrangements of the Party Central Committee and the State Council, based on the new development stage, build a new development pattern, and make good use of my country’s macroeconomic and industrial chain supply chain We will take the lead in stabilizing the window period for recovery, further deepen supply-side structural reforms, vigorously promote high-quality development, continue to play the important role of the textile industry in ensuring stable market supply, improving employment and income, and strive to consolidate the steady improvement of economic operations. foundation and make positive contributions to the stable development of our country’s national economy in the first year of the “14th Five-Year Plan”.