From January to December 2019, against the complex background of rising domestic and foreign risk challenges, my country’s textile machinery industry moved forward under pressure, and the industry’s main economic indicators showed a downward trend. However, my country’s textile machinery exports still maintained a slight growth, while imports continued to decline. There was a double-digit decline.
From January to December 2019, 675 textile machinery enterprises above designated size achieved operating income of 81.952 billion yuan, a decrease of 7.00 compared with the same period last year %, the growth rate decreased by 15.82 percentage points compared with the same period last year. Total assets were 107.229 billion yuan, an increase of 4.94% compared with the same period last year. The pressure on industry profitability has eased slightly compared with the third quarter. From January to December 2019, the total profit of textile machinery enterprises above designated size was 5.867 billion yuan, a decrease of 3.60% compared with the same period last year, and the operating income profit margin was 7.12%, a decrease of 0.38 percentage points compared with the same period last year. The loss of loss-making enterprises was 375 million yuan, a decrease of 8.32% compared with the same period last year; the loss area was 14.96%, an increase of 1.59 percentage points compared with the same period last year.
The total cost of textile machinery enterprises above designated size from January to December 2019 was 75.239 billion yuan, a decrease of 7.35% compared with the same period last year, and the growth rate decreased by 16.00 percentage points compared with the same period last year.
From January to December 2019, the key enterprises tracked by the Textile Machinery Association achieved main business income of 28.455 billion yuan, a decrease of 10.39% compared with the same period last year; the total profit was 3.969 billion yuan, a decrease of 24.17% compared with the same period last year. %. The loss of loss-making enterprises was 141 million yuan, an increase of 23.69% compared with the same period last year; the loss area was 17.11%. The total period expenses of key enterprises were 7.215 billion yuan, a decrease of 5.73% compared with the same period last year; of which operating expenses were 1.370 billion yuan, a year-on-year decrease of 12.70%, accounting for 18.98% of the total expenses during the period, and administrative expenses were 5.121 billion yuan, a year-on-year decrease of 4.03%. Accounting for 70.96% of the total expenses during the period; financial expenses were 725 million yuan. It decreased by 3.19% year-on-year, accounting for 10.04% of the total expenses during the period.
According to customs statistics, my country’s total textile machinery import and export from January to December 2019 was US$7.116 billion, a decrease of 3.81% compared with the same period last year. Among them: textile machinery imports were US$3.333 billion, a decrease of 10.49% compared with the same period last year; exports were US$3.783 billion, an increase of 2.96% compared with the same period last year. The growth rate of exports is significantly greater than the growth rate of imports, and the trade surplus has been maintained since this year.
From January to December 2019, textile machinery was imported from 70 countries and regions, with a total import volume of US$3.333 billion, a year-on-year decrease of 10.49%. 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$2.777 billion, a decrease of 8.65% compared with the same period last year, accounting for 83.31% of the total imports. Since March this year, the import trade volume from Japan has maintained the first place and maintained a positive growth trend.
From the perspective of imported product categories, chemical fiber machinery imports ranked first, with a total import volume of US$913 million, an increase of 20.44% compared with the same period last year, accounting for 27.39% of the total import volume; in addition to the seven major categories of products, Except for chemical fiber machinery, there was a significant decrease. Driven by downstream demand, chemical fiber machinery continued to maintain its import growth trend.
From January to December 2019, textile machinery exports totaled US$3.783 billion to 192 countries and regions, an increase of 2.96% compared with the same period last year. The total export value to India, Vietnam, Bangladesh, Turkey and Indonesia accounted for 53.19% of the total export value, making them the main countries and regions for my country’s textile machinery exports. Exports to Vietnam still maintained a relatively high growth rate, but the growth rate fell back compared with the third quarter.
According to customs statistics, textile machinery exports were divided into major categories from January to December 2019: the export volume of knitting machinery was US$1.012 billion, an increase of 5.87% compared with last year, accounting for 26.76%, ranking first , followed by printing and dyeing finishing machinery, auxiliary devices and spare parts, spinning machinery, weaving machinery, chemical fiber machinery and nonwoven machinery, with five products in seven categories rising and two falling. Exports of chemical fiber machinery increased significantly year-on-year.
In 2019, global economic growth slowed down, there were many external factors of instability and uncertainty, domestic cyclical problems and structural contradictions overlapped, and downward pressure on my country’s macroeconomic continued to increase. The export market of the textile industry has undergone adjustments, the potential of the domestic demand market has yet to be tapped, and the investment willingness of enterprises remains cautious. Affected by this, the overall operation of my country’s textile machinery industry has shown a trend of adjustment, and the export market has performed better than the domestic market.
2020 is the year to build a moderately prosperous society in all respects and the final year of the 13th Five-Year Plan. From a global economic perspective, there are currently no signs of definite improvement in factors restricting economic growth, and endogenous growth momentum has weakened. The global novel coronavirus epidemic has currently had a certain impact on my country’s economic development. Demand and production have slowed, consumption has been sluggish, investment has been sluggish, and the industry is facing huge challenges. It will take some time for the economy to fully recover to normal operating conditions. Recently, industry operations are generally in the stage of gradual recovery. However, in order to alleviate the difficulties caused by the epidemic, relevant national and local departments have issued a number of support policies to help boost the market. confidence. In the long term, the fundamentals of our country’s economy are still stable, and industry development is still resilient. The industry needs to work hard to improve product quality and development capabilities, enhance international competitiveness, and ensure that the industry moves forward steadily. </p
