In the first quarter of 2020, the COVID-19 epidemic had a major impact on the normal operation of the global economy and society, and also brought an unprecedented impact to my country’s economic development. While doing a good job in epidemic prevention, the textile machinery industry is promoting the resumption of work and production in an orderly manner. In particular, enterprises in the equipment production chain related to epidemic prevention materials have started first to contribute to the active fight against the epidemic. However, affected by the general environment and the lack of downstream demand in the textile machinery industry and the reduction of orders, statistical data shows that the main economic indicators of the textile machinery industry showed a sharp decline in the first quarter. Textile machinery exports and imports also declined to varying degrees, and the industry’s production and operations are facing huge test.
According to statistics from the National Bureau of Statistics, from January to March 2020, 635 textile machinery enterprises above designated size achieved operating income 12.211 billion yuan, a decrease of 38.90% compared with the same period in 2019, and the growth rate decreased by 36.63 percentage points compared with the same period in 2019. Total assets were 95.899 billion yuan, an increase of 9.79% compared with the same period in 2019.
Severely impacted by the global spread of the epidemic, industry operating income declined significantly in the first quarter of 2020. The total profit achieved was 402 million yuan, a decrease of 67.34% compared with the same period in 2019, and the operating income profit margin was 3.30%, a decrease of 2.80 percentage points compared with the same period in 2019. The loss of loss-making enterprises was 317 million yuan, an increase of 163.71% compared with the same period in 2019; the loss area was 41.10%, an increase of 1.59 percentage points compared with the same period in 2019. The loss in March decreased by 6.62% compared with February. As companies gradually resume work and production, industry operations are also gradually recovering.
From January to March 2020, the total cost of textile machinery enterprises above designated size was 11.591 billion yuan, which was the same as the same period in 2019. A year-on-year decrease of 36.82%, and the growth rate decreased by 50.51 percentage points compared with the same period in 2019. Accounts receivable increased by 9.76% year-on-year, and finished product inventory increased by 8.30%.
The China Textile Machinery Association conducted a survey on the operating conditions of 109 key textile machinery companies in the first quarter of 2020. Judging from the summary results of the survey, in the first quarter of 2020, more than 70% of the companies’ operating income declined to varying degrees, 68.63% of the companies saw orders drop by more than 50%, the prices of textile machinery products were generally stable with some decline, and company inventories increased. 60% of companies believe that the main problems they face are insufficient domestic and foreign market demand caused by the epidemic, blocked sales channels, and cancellation of original orders. Predicting the situation in the second quarter, spinning, chemical fiber and nonwoven machinery companies believe that orders will improve compared with the first quarter, and weaving, knitting, dyeing and finishing machinery companies believe that the chain will continue to decline. Regarding the situation of the textile machinery industry in the first half of 2020 , 76% of the surveyed companies think it is not optimistic.
According to customs statistics, my country’s total textile machinery import and export volume from January to March 2020 was US$1.332 billion, which is the same as in 2019. A decrease of 22.58% compared with the same period last year. Among them: textile machinery imports were US$654 million, a decrease of 20.17% compared with the same period in 2019; exports were US$679 million, a decrease of 24.77% compared with the same period in 2019.
From January to March 2020, textile machinery was imported from 53 countries and regions, with a total import volume of US$654 million. A year-on-year decrease of 20.17%. The main countries and regions that import textile machinery are Japan, Germany, Italy, Taiwan, and Belgium. The trade volume of the top five importers was US$566 million, a decrease of 20.17% compared with the same period in 2019, accounting for 86.62% of the total imports. .
From the perspective of imported product categories, chemical fiber machinery imports ranked first, with a total import volume of US$240 million, which is the same as in 2019. Compared with the same period last year, it increased by 11.83%, accounting for 36.77% of total imports. Except for chemical fiber machinery, all seven major categories of products have declined to varying degrees. Driven by downstream demand, imports of chemical fiber machinery continued to maintain a growth trend.
From January to March 2020, textile machinery exports totaled US$679 million to 159 countries and regions, which is the same as in 2019. A decrease of 24.77% compared with the same period. The top five countries in terms of export value are India, Vietnam, Bangladesh, Turkey and Japan. Their combined value accounts for 51.40% of the total export value. They are the main countries and regions for my country’s textile machinery exports.
From the perspective of export categories, the export volume of knitting machinery was US$192 million, a decrease of 24.22% compared with last year, accounting for 28.26%, ranking first, followed by printing and dyeing finishing machinery, auxiliary devices and spare parts, weaving machinery, spinning machinery, chemical fiber machinery and nonwoven machinery. </p
