Analysis On The Operation Of Home Textile Industry From January To September In 2020

1、 The overall operation of the industry has further recovered

With the epidemic situation in the first three years of 2020, the domestic textile industry has gradually achieved good results in overcoming the adverse effects of the epidemic situation, and gradually keeping the overall production stable. According to the data of the National Bureau of statistics, 1778 home textile enterprises above the designated size in China have achieved a total operating income of 125.522 billion yuan from January to September, a year-on-year decrease of 7.4%, and the decline rate was further narrowed. According to the tracking statistics of the association, the main business income of more than 200 backbone enterprises from January to September decreased by 15.05% year-on-year; the main business income of 14 home textile industrial clusters decreased by 8.04% from January to September. The decline narrowed month by month.

The industry resumed positive growth in the third quarter. With the effective control of the domestic epidemic situation, and the third quarter into the peak sales season, the home textile industry reversed the negative growth situation affected by the epidemic situation in the first and second quarters, and achieved a significant improvement in the benefits. According to the data of the National Bureau of statistics, in the third quarter of this year, the business income of domestic textile enterprises above designated size increased by 5.28% year-on-year, of which the business income in September increased by 10.53% year-on-year. From January to September, the total profit of home textile enterprises above designated size increased by 20.14% year-on-year, and the profit margin was 5.07%; among them, the total profit of the third quarter increased by 45.68% year-on-year, and the profit rate reached 5.99%. In September, the total profit increased by 120.61% year-on-year, and the profit margin reached 7.86%.

2、 Domestic and foreign market rebounded steadily

From the domestic market situation of home textile, affected by the epidemic situation in the first half of the year, the industry entity retailers have been greatly impacted. According to the data of the National Bureau of statistics, from January to September this year, the domestic sales output value of domestic textile enterprises above designated size decreased by 7.98% year on year. According to the data of China National Business Information Center, the retail sales of bedding in the first three quarters decreased by 27% year-on-year. After entering the third quarter, the domestic sales of the industry gradually rebounded. In the third quarter, the domestic sales output value of Enterprises above Designated Size returned to positive growth, with a growth rate of 3.53%, of which the domestic sales output value in September increased by 7.07% year-on-year.

The export of the industry increased rapidly. Since this year, the global spread of the epidemic has hindered the international supply chain. Due to the positive results of epidemic prevention and control work in China, and relying on the complete industrial chain, supply chain system and Wendeng's high-quality supply capacity, China's textile industry has effectively made up for the gap in the international supply chain. According to the data of the National Bureau of statistics, from January to September, the export delivery value of domestic textile enterprises above designated size decreased by 6.05% year-on-year. Among them, positive growth was achieved in the third quarter, with a growth rate of 9.34%; in September, the growth rate was as high as 19.56%.

3、 Scale enterprises lead industry development

From the perspective of each sub industry, the overall profit margin has increased compared with the same period of last year due to the effective promotion of Enterprises above the scale. According to the statistics of the National Bureau of statistics, the total profit of 960 bedding Enterprises above Designated Size in China was 2.627 billion yuan from January to September, with a year-on-year increase of 4.86%, and a slight increase of 0.54 percentage points compared with the same period of last year; the total profit of 271 fabric Enterprises above the designated scale reached 1.158 billion yuan, with a year-on-year increase of 24.06%. The profit margin was 7.14%, an increase of 1.31 percentage points over the same period of last year; the total profits of 213 large-scale towel enterprises from January to September were basically the same as that of the previous year, with a slight decrease of 0.30% on the same period, and the profit margin was 4.87%, an increase of 0.77 percentage points over the previous year.

At the same time, small and medium-sized enterprises in the industry are under great pressure. According to the statistics of the association, the main business income and total profit of enterprises below the designated scale in January September were - 11.56% and - 41.09%, respectively, lower than the overall level of the cluster.

4、 The industry needs transformation and upgrading under uncertain factors

Due to the complex and changeable macro environment at home and abroad, the development of home textile industry is still faced with many uncertain factors. The world economy is still in recession, and the inflection point of the global epidemic situation has not yet appeared and the possibility of rebound can not be ruled out. The complex situation drives the adjustment and reconstruction of the global textile industry chain and supply chain distribution pattern, which is bound to have an impact on the home textile industry. From the perspective of the internal operation of the home textile industry, although the market demand inside and outside the industry has recovered, the main problems existing in the production and operation process of the industry have not been properly solved, and the industry is in urgent need of transformation and upgrading.

At the same time, we should also see that the industry has an important foundation and advantages for sustained recovery. The steady recovery of China's macro-economy shows strong resilience to the impact of the epidemic, especially in the aspects of complete industrial system, perfect infrastructure and strong domestic demand market. The home textile industry should rely on the complete industrial system and stable and high-quality supply capacity of China's textile industry, and strive to overcome the downward risk pressure and maintain the basic stability of economic operation in accordance with the requirements of building a new pattern of domestic circulation as the main body and domestic and international mutual promotion. Continue to deepen the supply side structural reform, accelerate the transformation and upgrading of the industry, and play a more important role in the global textile industry chain and supply chain system.