Quality And Price Support Sichuan Textile Industry'S Profit Growth

Since this year, the price of raw materials such as cotton has been greatly fluctuated in Sichuan textile industry, financial policy is tight, domestic and foreign

The operation of the industry is generally good.

According to statistics, in 1~9 months, the yarn production of textile enterprises above Designated Size reached 732 thousand tons, an increase of 36.39% over the previous year, 7.4 percentage points higher than that of the whole country, and cloth production of 1 billion 204 million meters, an increase of 20.57% over the same period last year, higher than the 7.3 percentage points of the whole country. The output of clothing was 81 million 790 thousand, an increase of 55.9% over the previous year, higher than 46.4 percentage points in the whole country, and the output of chemical fiber was 481 thousand and 400 tons, an increase of 34.65% over the previous year, higher than that of the whole country.

1~9 months, the province's textile enterprises more than 5 million yuan projects completed the fixed assets investment 10 billion 729 million yuan, an increase of 46.51% over the same period, the actual investment accounted for 27.65% of the 12 provinces in the western region, ranking first, the growth rate is higher than the national textile industry 10.3 percentage points, indicating that Sichuan province to undertake the textile industry pfer pace continues to accelerate.

However, compared with the major textile provinces in the Middle East, the textile industry in Sichuan has completed the fixed assets investment of only 486 billion 446 million yuan in the whole country, and there is a larger undertaking space for.

The construction projects in the first three quarters of the province were 276, down 1.78% from the same period last year; 145 completed projects, an increase of 12.4% over the previous year, and 167 new projects.

In terms of sales, 1~9 month, the main business income of textile enterprises above Designated Size reached 80 billion 660 million yuan, an increase of 50.53% over the same period, which is 21.3 percentage points higher than that of the whole country.

Textile and clothing exports dropped significantly, of which clothing exports were only 868 million US dollars, down 38.4% compared with the same period last year, which is obviously contrasting with the growth rate of 23.3% in the whole country. Textile exports 722 million US dollars, an increase of 4.4% over the same period last year, 21.5 percentage points lower than the national average level, and 155 million 155 million yuan of silk exports, an increase of 19.8% over the same period last year.

In terms of economic efficiency, the profitability of the industry is obviously supported, and the overall efficiency is higher than the national level.

In 1~9 months, the total profit of textile enterprises above Designated Size reached 3 billion 378 million yuan, an increase of 64.34% over the previous year, which is 36 percentage points higher than that of the whole country. Among them, the cotton textile industry realized a profit of 2 billion 313 million yuan, an increase of 58.7% over the previous year, higher than the national average of 19 percentage points; the garment industry realized a profit of 740 million yuan, an increase of 99.2% over the previous year, higher than the national average 58 percentage points, and the chemical fiber industry achieved a profit of 300 million yuan, an increase of 53.2% over the previous year, which is higher than the national average of 300 million percentage points.

According to the analysis, under the inflation environment, the price of textile and clothing at the terminal is rising continuously; the promotion of quality and price is the main reason to support the rapid growth of the profits of Sichuan textile enterprises, but this is a test for the endurance of the consumers.

Cost increase squeezing profit margins

Although the total volume of Sichuan's textile industry is relatively small, the impact of the big environment is not obvious relative to the eastern coastal areas. However, the textile industry continues to grow steadily and still faces many difficulties.

First, raw material cost and price fluctuation is unstable, which affects the order and operation of enterprises.

From the second half of last year to the present, cotton prices have gone up and down.

The fluctuation of cotton price drives the price of yarn and cloth to fluctuate, which makes the major textile enterprises accumulate more expensive stocks.

The influence of price fluctuation is pmitted on the industrial chain, resulting in the increase of business risks. The latter enterprises are afraid to place orders, and the short and small bills become normal.

Compared with last year, orders in overseas markets, especially in Europe and the United States, declined sharply, and the amount of single orders shrinks sharply. Some orders went to lower cost countries and regions, which affected the export performance of textile enterprises to a certain extent.

Two is the cost increase squeezing profit margins.

The energy and pportation costs of textile enterprises in Sichuan increased by about 10%, and labor cost increased by 30%.

Because the price of raw materials is going up and down, enterprises are afraid to make large quantities of production. In order to reduce inventory, only part of the equipment can be shut down to ensure basic operation.

1~9 months, the textile industry business expenses, management fees, financial costs were 1 billion 483 million yuan, 1 billion 982 million yuan, 775 million yuan, an increase of 38.09%, 38.68%, 53.55%, respectively.

At the same time, profit margins have been squeezed. At present, the price of 32 cotton yarns is around 28500 yuan / ton. Even if the cotton is purchased at the current price, the loss of ton yarn will reach several hundred yuan.

Three, the difficulty of corporate financing is outstanding.

This year's frequent tightening monetary policy has raised the financing cost of the industry too fast.

The increase in reserve ratio and interest rate of bank deposits and loans has raised the interest rate of private credit.

This will increase financing costs for some textile enterprises which can hardly raise funds through banks, but can only seek private financing.

In the 1~9 months of this year, the interest rate of the textile industry reached 653 million yuan, an increase of 49.3% over the same period last year, an increase of 8.9 percentage points compared with the first half of this year.

According to analysis, the fourth quarter of Sichuan's textile industry will generally maintain a steady growth trend, the main reason is that with the improvement of people's income and the acceleration of urbanization process, the domestic demand market will continue to maintain rapid growth.

Two, in recent years, under the dual function of the new cotton market and the temporary purchase and storage policy, the supply of cotton is relatively adequate, and the price of cotton is relatively stable.

Cotton prices are expected to remain stable throughout the four quarter, which will benefit the normal production and operation of textile enterprises.

However, influenced by inflation and other factors, residents' ability to consume textile and clothing will be affected.