In 2020, in the face of severe and complex domestic and international environments, especially the severe impact of the COVID-19 epidemic, the textile industry made every effort to ensure the supply of important epidemic prevention materials, steadily promoted the resumption of work and production, and relied on a strong industrial chain and supply chain system. It has effectively served the overall situation of epidemic prevention and control and the needs of national economic and social development. At the same time, the textile industry insists on deepening transformation and upgrading and strives to resolve the risk impact caused by the epidemic. The decline in main operating indicators continues to narrow, the economic operation situation rebounds steadily, and export trade achieves higher-than-expected growth driven by anti-epidemic materials. 2021 is the first year of my country’s “14th Five-Year Plan” new development cycle. The development situation faced by the textile industry will still be complicated. The foundation for continued recovery and improvement still needs to be consolidated. Starting a new stage of high-quality development in the “post-epidemic era” still faces challenges Many tests.
Industry prosperity maintains expansion
Production growth picks up steadily
Since 2020, the prosperity of the textile industry has generally maintained expansion, and the production utilization rate has increased quarter by quarter. According to survey data from the China Textile and Apparel Federation, the prosperity index of the textile industry in the first quarter of 2020 fell below the critical point of 50 due to the impact of the epidemic. Since the second quarter, the prosperity index has rebounded to above 50, and in the fourth quarter it was 61.3, which is a good level in recent years. , indicating that business confidence in business operations is steadily improving. According to data from the National Bureau of Statistics, the capacity utilization rates of the textile industry and chemical fiber industry in 2020 were 73.1% and 80.5% respectively, up 0.7 and 1.4 percentage points respectively from the first three quarters, but down 5.3 and 2.7 percentage points respectively from 2019.
The production situation is picking up steadily. According to data from the National Bureau of Statistics, the industrial added value of enterprises above designated size in the textile industry decreased by 2.6% year-on-year in 2020, and the growth rate was 5 percentage points lower than in 2019. It was 2 and 23 percentage points slower than in the first three quarters of 2020 and January to February at the beginning of the year, respectively. percentage point. Among the main links in the industrial chain, the industrial textile industry has achieved good growth in production driven by epidemic prevention materials. The industrial added value in 2020 increased by 54.1% year-on-year; the industrial added value of the chemical fiber industry and the home textile industry increased by 2.2% and 1.1% year-on-year respectively. , realizing the change from negative to positive.
Domestic sales continue to improve
Exports achieve higher-than-expected growth
Domestic In the early days of the epidemic, anti-epidemic measures such as closing physical businesses, home quarantine, and reducing social activities caused domestic consumption of textile and clothing products to decline sharply in the first quarter. Since the second quarter, with the orderly recovery of economic life, residents’ consumption activities have become increasingly active. With the good support of various national policies to promote consumption, the domestic demand market sales of the textile industry have improved quarter by quarter. Data from the National Bureau of Statistics show that in 2020, the retail sales of clothing, shoes, hats, and knitted textiles in units above designated size nationwide decreased by 6.6% year-on-year, and the decline was 5.8 percentage points narrower than the first three quarters; the scale of online retail sales recovered more rapidly, and by the end of July, the nationwide online retail sales The retail scale of commodities has exceeded the level of the same period last year, with a year-on-year growth of 5.8%, and the growth rate was 2.5 percentage points faster than the first three quarters.
Driven by the demand for purchasing anti-epidemic materials, the export scale of the textile industry has reached a new high since 2015. Customs Express data shows that my country’s textile and apparel exports totaled US$291.22 billion in 2020, a year-on-year increase of 9.6%, and the growth rate was 11.1 percentage points higher than the previous year. Among them, the value of textile exports was US$153.84 billion, a significant year-on-year increase of 29.2%, and its proportion in the total exports of the entire industry increased significantly from 44.3% in the previous year to 58.2%; the apparel export situation was relatively severe in the first half of the year, but in the second half of the year, as overseas economies After restarting, the advantages of the completeness of my country’s textile industry system and the operational stability of the supply chain have emerged. Clothing exports have gradually improved. By the end of the year, the year-on-year decline in exports has narrowed to 6.4%. Since August, monthly exports have achieved positive growth.
Enterprise benefits continue to recover
Operational pressure remains prominent
With the The domestic and foreign market demand is gradually recovering, and the country’s large-scale tax and fee reductions and other corporate relief policies and measures have taken effect. After experiencing a sharp decline at the beginning of the year, the economic benefits of textile companies have shown a trend of steady recovery and improvement quarter by quarter. According to data from the National Bureau of Statistics, in 2020, textile enterprises above designated size in the country achieved operating income of 4,519.06 billion yuan, a year-on-year decrease of 8.8%. The decline was 3.3 and 20.7 percentage points narrower than the first three quarters and January to February respectively; the total profit was 206.47 billion yuan. , a year-on-year decrease of 6.4%, and the decline narrowed by 5.7 and 46.9 percentage points compared with the first three quarters and January to February respectively. The operating income profit margin of textile enterprises above designated size was 4.6%, which was significantly improved from the 2.2% level at the beginning of the year and exceeded 2019 by 0.2 percentage points. Among them, the industrial and home textile industries have outstanding profitability, with total profits increasing by 203.2% and 14.7% year-on-year respectively, and operating income profit margins at 11.4% and 5.6% respectively, ranking at the forefront of all links in the industrial chain. With the recovery of profits, the operating quality of textile enterprises has also improved compared with the beginning of the year, but operating pressure is still high. In 2020, the loss ratio of textile enterprises above designated size was 22.7%, and the losses of loss-making enterprises increased by 26.8% year-on-year, down 13.6 and 2.7 percentage points respectively from the end of February; the total asset turnover rate and finished product turnover rate were 1.1 times/year and 13.2 times respectively. times/year, a year-on-year slowdown of 11.6% and 10.9% respectively; the proportion of three fees was 7%, an increase of 0.2 percentage points from the previous year.
Uncertain factors still need to be resolved
Start a new journey of high-quality development
In 2020, the textile industry effectively overcame the major impact caused by the COVID-19 epidemic, and the main economic operating indicators rebounded for the better, which fully reflected the advantages of a complete industrial system and stable supply capacity, which is important for supporting the…It has played an important role in promoting national economic and social development and ensuring the coordinated operation of the international textile supply chain. In 2021, the development situation faced by the textile industry will still be complex. On the one hand, the global epidemic has not been completely alleviated. Risk factors such as continued sluggish external demand and rising trade environment risks still exist. The adverse effects on the stability of the industrial chain and supply chain have yet to be eliminated. The textile industry still faces greater development pressure in the international market. . On the other hand, the textile industry is in a stage of deep adjustment and transformation. While coping with complex external situations, it still needs to resolve difficult problems such as increased comprehensive costs, arduous environmental protection tasks, and intensified market competition. Maintaining smooth operation faces many challenges. However, my country’s macroeconomy has taken the lead in achieving positive growth in 2020, with the total economic volume jumping to one hundred billion yuan for the first time. Employment and people’s livelihood have been effectively protected amid the epidemic, demonstrating the strong resilience of economic development. With the support of the solid advancement of the “six stability” and “six guarantees” work, based on building a new “dual cycle” development pattern dominated by the domestic cycle, the strong and diversified domestic demand market will give the textile industry sufficient development space and rich innovation Source power has become the core engine for the continued recovery of the textile industry. Generally speaking, based on the good industrial foundation that has basically achieved the goal of becoming a powerful country, my country’s textile industry still has the conditions to steadily start a new journey of high-quality development during the “14th Five-Year Plan” in 2021.
The textile industry will actively implement the decisions and arrangements of the Party Central Committee and the State Council, build a new development pattern based on the new development stage, continue to deepen supply-side structural reform, accelerate the transformation and upgrading of the industry, and take multiple measures to improve the supply system adapt to the domestic market, enhance the independent controllability of industrial and supply chains, actively respond to and resolve various risks and challenges, strive to maintain a steady improvement in economic performance, ensure a smooth start to the “14th Five-Year Plan”, and better serve the world The new strategy for national economic and social development during the “14th Five-Year Plan” period requires that we make due contributions. </p
