Faced with the constant changes in the COVID-19 epidemic and the extended Spring Festival holiday, the resumption of production in various places has not yet fully begun. What is the current situation of enterprises in the Chinese textile machinery industry? On February 5, the China Textile Machinery Association and its journal “Textile Machinery” magazine released an industry questionnaire through multiple channels to understand the difficulties and challenges faced by textile machinery companies and the help they expect.
This survey involves the company’s orders to be processed, the company’s current operating status, the impact of the epidemic on the company, the company’s measures to respond to the epidemic, and the key issues and expectations the company currently faces. relevant policy support. Among them, the company’s business expectations, work plans and future industry development expectations for the first half of the year were also investigated.
In the past week, more than 200 industry-representative textile machinery companies participated in the questionnaire According to the survey, companies involved in spinning, weaving, dyeing and finishing, chemical fiber and industrial use, special equipment, etc., among which, small, medium and micro enterprises accounted for an absolute proportion, and companies with less than 300 employees accounted for nearly 75%.
As the focus of the survey, due to the impact of the epidemic on enterprises, more than 75% of enterprises believe that the impact is serious or extremely serious, and think that the impact is slight or not yet. The impact accounts for nearly 25%.
The extent to which enterprises are affected by the epidemic
Judging from the situation reflected in the questionnaire, half of the companies participating in the survey have orders within the past three months. It is in a saturated state. However, due to the impact of the epidemic, more than 74% of the participating companies in the survey are currently suspending production and waiting to resume work. In view of the current situation that enterprises are facing, the proportion of enterprises that can afford to resume work before the end of February exceeds 88%. Within the scope, more than 67% of enterprises expect to resume production before February 14.
Enterprise order status
Current operating status of the enterprise
In terms of related issues that currently plague enterprises, judging from the results obtained from the questionnaire, the continued spread of the epidemic and the inability of employees to return to work rank among the top two concerns. They were 88.53% and 65.14% respectively, while logistics issues and supply chain issues were tied for third place in the attention of enterprises, with a concentration rate of 64.22%.
Of course, in the face of sudden epidemics, many companies are also trying to alleviate it in their own ways. The survey questionnaire reflects that more than 56% of companies use remote working to coordinate operations, and half of the companies use the time they cannot put into production as an opportunity for the company to innovate product technology, focusing on building the core competitiveness of the company. In addition, expanding online Marketing methods and active application for loans and subsidies also reflect the practices of about 40% of companies.
The issues that companies are currently most worried about
Business operation measures during the epidemic
There is no doubt that the epidemic has had an impact on the vast number of enterprises in China. More than 88% of the companies in the survey put the rapid organization of production capacity as their top priority after resuming work. In addition, there are two other tasks that have become the focus of more than half of the companies participating in the survey: organizing supply chain resources and contacting Downstream partners are better able to overcome difficulties.
Key tasks after enterprises resume work
The impact of the epidemic on It has a certain impact on the company’s operating income, liquidity, loans, financing capabilities, etc. However, judging from the questionnaire, textile machinery companies are still relatively rational in their expectations for the next six months and even the whole year. Among the surveyed companies, more than 31% believe that their operating income in the first half of 2020 will decrease by 10% to 20% year-on-year compared to 2019, and more than 25% expect that their operating income will decrease by 20% to 50% year-on-year.
In view of the relatively difficult operating conditions, more than 69% of companies will focus on new products in their future operating plans. In addition, about 64% of companies will focus on new products. We will focus on automation transformation in order to enhance the overall competitiveness of the company.
Future operation plan of the enterprise
The national and local governments have been paying attention to the changes in the epidemic. From the National Development and Reform Commission to Beijing, Shanghai,Suzhou, Qingdao and other places have successively introduced relevant policies to support small and medium-sized enterprises in coping with the epidemic and maintaining development. Within the industry, from the China Textile Industry Federation to the China Textile Machinery Association, they are also actively promoting various support measures to create as many opportunities as possible for enterprises in the industry.
At present, the China Textile Machinery Association has been targeting overseas markets that domestic textile machinery companies are concerned about, actively coordinating resources, and delaying the , Postponing some industry activities in the hope that Chinese companies can seize more opportunities in 2020.
As for the impact of the epidemic on the industry, although industry companies are concerned about the macroeconomics in 2020 Although industry development expectations cannot be overly optimistic, about 34% of the companies participating in the survey believe that it will be of great help to the industry in eliminating backward production capacity and accelerating the reshuffle of the industry. Judging from the situation reflected in the survey, the current Chinese textile machinery companies have become more and more calm, and everyone has regarded technological innovation and improvement of manufacturing capabilities as important means to reduce the impact of the epidemic.
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