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.
Basic situation of the textile machinery industry
1. The industry’s operating income experienced negative year-on-year growth
From January to December 2019, 675 textile machinery enterprises above designated size in the industry achieved operating income of 81.952 billion yuan, which was 81.952 billion yuan compared with the same period last year. Compared with a decrease of 7.00%, 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.
2. The industry’s profit pressure is slightly reduced 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.
3. Industry costs continue to decline
From January to December 2019, the textile industry above designated size The total cost of machinery enterprises 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. Operating costs were 53.362 billion yuan, a decrease of 5.90% compared with the same period last year, accounting for 89.45% of the total costs and expenses; the industry-wide three fee ratio was 9.69%, a decrease of 1.01 percentage points compared with the same period last year, of which sales expenses were 27.77 billion, a decrease of 8.48% compared with the same period last year, accounting for 3.69% of the total costs and expenses; administrative expenses were 4.463 billion yuan, a decrease of 8.69% compared with the same period last year, accounting for 5.93% of the total costs and expenses; financial expenses It was 744 million yuan, a decrease of 6.1% compared with the same period last year, accounting for 0.03% of the total costs and expenses.
4. The assets and liabilities of the industry are basically stable
From January to December 2019, the textile industry above designated size The total assets of machine companies were 107.229 billion yuan, an increase of 4.94% compared with the same period last year. Liabilities are 60.701 billion yuan, and the asset-liability ratio is 56.61%, slightly lower than the average level of my country’s industrial enterprises of 56.90%, a slight increase of 1.40 percentage points compared with the same period last year.
5. The industry’s accounts receivable continues to grow
From January to December 2019, The accounts receivable of textile machinery enterprises above designated size increased by 9.77% year-on-year, and the inventory of finished products decreased by 7.05%.
6. Situation of key enterprises
From January to December 2019, the Textile Machinery Association tracked The main business income of key enterprises was 28.455 billion yuan, a decrease of 10.39% compared with the same period last year; the total profit realized 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.
7. Investigation of key enterprises
The Textile Machinery Association conducted a survey of key textile machinery at the end of January 2020 The company conducted a business survey in 2019. Judging from the summary results, 71% of the companies believe that the industry situation in 2019 is in line with expectations, and most companies tend to be cautious in their expectations for 2020.
(1) Enterprise orders and new product sales from January to December 2019
Affected by factors such as increased market pressure , from January to December 2019, the progress of the surveyed companies in developing new product markets was slightly improved compared with the first three quarters. On average, new product sales revenue accounted for 38.99% of the company’s sales revenue. Overall, the proportion of reductions in corporate orders from January to December 2019 increased significantly compared with the same period last year, and was slightly lower than the first three quarters of 2019, which was slightly better than expected in the first three quarters; foreign orders increased pressure compared with the same period last year, and were lower than those in the first three quarters of 2019. The changes in the first three quarters were smaller. Among them, the orders from spinning machinery companies and knitting machinery companies were relatively stable or decreased.
(2) Forecast of orders in the first half of 2020
Enterprise The expectations for the first half of 2020 are not very optimistic. 22.95% of companies expect growth, 16.39% expect the same as last year, and 60.66% expect orders to decrease in the first half of 2020. Orders from abroad: 20.69% of companies expect an increase, 32.76% of companies expect the same as last year, and 46.55% of companies expect a decrease in orders compared with the same period last year. Spinning machinery companies, weaving machinery companies, and knitting machinery companies are generally not optimistic; the international market situation is slightly better than the domestic market order situation.
(3) Average ex-factory price of main products
2019 1- In December, the price trend of sales changes of the company’s main products was slightly larger than that of the first three quarters. The prices of 39.34% of the companies remained unchanged compared with the same period last year, and the companies that lowered their prices were mainly in the field of spinning machinery.
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January to December 2019, exported to India, Vietnam, Bangladesh, The combined value of Turkey and Indonesia accounts for 53.19% of the total export value, and they are the main countries and regions for China’s textile machinery exports. Exports to Vietnam still maintain a relatively high growth rate, but the growth rate has declined compared with the third quarter.
India has always been our largest trading partner. From January to December 2019, total exports to India were US$714 million, an increase of 15.67% over the same period last year. Accounting for 18.88% of all exports. Among the seven major categories of products, five rose and two fell, with chemical fiber machinery, knitting machinery and nonwoven machinery increasing at a higher than average level. Exports of chemical fiber machinery to India were US$50.5355 million, an increase of 102.73% over the same period last year, accounting for Exports to India accounted for 7.08% of the total. Spinning machinery and printing and dyeing finishing machinery have declined. The top three products in terms of cumulative export value among various major categories of products are shown in the table below:
From January to December 2019, exports to Vietnam were US$624 million, an increase of 11.64% over the same period last year. It is China’s second largest trading partner for textile machinery exports, accounting for total exports. 16.49%. Except for knitting machinery and spinning machinery, there was a large increase. Spinning machinery decreased by 32.61% year-on-year. The proportion of printing and dyeing finishing machinery in total exports continued to increase, accounting for 26.36% of total exports to Vietnam, with exports of US$164 million. .See the table below for details.
Exports to Bangladesh from January to December 2019 were US$304 million, a decrease of 10.39% from the same period last year , accounting for 8.04% of China’s total exports. Among them, the export of knitting machinery was US$151 million, an increase of 74% compared with the same period last year, accounting for 49.61% of the total exports to Bangladesh. The export of flat weft knitting machines of knitting machinery was US$105 million, an increase of 18.10% compared with the same period last year, accounting for 69.67% of the total exports of knitting machinery. Exports of printing and dyeing finishing machinery, spinning machinery, and weaving machinery showed a downward trend.
Exports to Turkey from January to December 2019 were US$186 million, an increase of 5.17% over the same period last year, accounting for 1% of the total exports 4.90%. Among them, the export of chemical fiber machinery was US$67.2396 million, an increase of 138.78% over the same period last year, accounting for 36.25% of Turkey’s export value: the export of synthetic fiber filament spinning machines was US$13.3693 million, an increase of 267.96% year-on-year, accounting for 19.88% of Turkey’s chemical fiber exports. Chemical fiber The export of deformation machines was US$46.8889 million, a year-on-year increase of 122.93%, accounting for 63.73% of Turkey’s chemical fiber exports. With the adjustment of the global textile industry layout, chemical fiber machinery exports to Turkey have maintained a significant growth trend since this year. The exports of nonwoven machinery and knitting machinery have relatively declined significantly. See the table below for details.
From January to December 2019, exports to Indonesia were US$185 million, a decrease of 4.73% from the same period last year, accounting for 1% of total exports 4.88%. Among the products exported to Indonesia, the export of spinning machinery was US$36.4889 million, an increase of 42.41% over the same period last year, accounting for 19.76% of the total exports to Indonesia. The exports of cotton fiber blowing and carding machines were US$8.6557 million, a year-on-year increase of 912.71%, accounting for 23.72% of the exports of spinning machinery; the exports of other free-end rotor spinning machines were US$14.9454 million, a year-on-year increase of 277.02%, accounting for 23.72% of Indonesian spinning machinery exports. 40.96%. Weaving machinery exports experienced a relatively large decline. See table below for details.
The following table reflects the situation of textile machinery products exported to countries involved in the “One Belt and One Road” initiative.
The value of textile machinery exported to countries and regions along the “Belt and Road” was 2.808 billion yuan, accounting for 74.24% of all exports. It is the main market for my country’s textile machinery exports, with significant growth in Central Asia, West Asia and North Africa.
(3) Regional situation of textile machinery exports
From January to December 2019, a total of 30 provinces, municipalities and autonomous regions had textile machinery In terms of product exports, the export volume of the top five provinces and cities accounted for 85.23% of the total. The specific situation is shown in the table below.
3. Industry Situation Outlook
In 2019, global economic growth slowed down, there were many external unstable and uncertain factors, domestic cyclical problems and structural contradictions overlapped, and downward pressure on China’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. Natural growth momentum weakens. 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.
��The pressure continues 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. Natural growth momentum weakens. 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
