First quarter industrial textile industry started steadily

In the first quarter of 2016, China's industrial textile industry started as a relatively stable economy. Compared with the rapid growth of the previous double digits, the growth rate has significantly declined. However, the economic efficiency of the industry has remained stable and improved. According to the association's research on member companies, the industry's prosperity index in the first quarter was 73.6, which was higher than the same period of last year, indicating that entrepreneurs maintain a high level of confidence in the development of the industry.

Revenue and profit increased year-on-year

According to the data from the National Bureau of Statistics, the main business income and total profit of the industrial textile industry in the first quarter of 2016 were 66.66 billion yuan and 3.89 billion yuan respectively, an increase of 5.98% and 9.4% year-on-year, respectively. Compared with the same period of last year, the main business was The growth rate of income was basically the same, but the growth rate of total profit dropped by 4 percentage points. In the first quarter, the industry’s profit margin was 5.83%, an increase of 0.18 percentage points year-on-year, and the loss of loss-making enterprises in the industry dropped by 22%.

The decline in the growth rate of total profit in the first quarter was mainly due to the rebound in raw material prices. According to a survey conducted by the China Industrial Textiles Association, the price index for raw materials for the first quarter was 59.6, which had entered the rising range for the first time since the end of 2014; at the same time, the industry’s finished product price index was 50.5, which fell out of the two consecutive years of decline. Enter the rising channel. Twelve industrial textile listed companies announced the first quarterly report, their main business income increased by 12.85%, and total profit increased by 8.77%. In particular, the performance of the three listed companies for the automotive market grew rapidly, and their performance was significantly better than other companies. .

According to statistics from the National Bureau of Statistics, according to the National Bureau of Statistics, in the first quarter, the main business income and total profit of non-wovens enterprises above designated size in China increased by 8.2% and 4.9%, respectively. The value of export delivery increased by 9.58%, and the output increased by 7%. The main line business income of the rope cable increased by 13.47%, which was the fastest growing sector in the industry. Although the main business revenues of the textile belt, cord fabric and canopy canvas were not high, the increase in total profit reached 19.3% respectively. With 16.8%, the profit rate increased by 1 and 0.56 percentage points respectively. In the first quarter, the production of cord fabric reversed the continuous decrease in the past year, achieving an increase of 8.08%.

Decline in exports

According to customs data, in the first quarter of 2016, China's industrial textile industry exports totaled 5.92 billion U.S. dollars, a year-on-year decrease of 3.2%. The decline in export prices was the main factor in the decline in export value. Exports of nonwovens, packaging textiles, and airbags increased by 6.8%, 12.7%, and 22.6%, respectively, but the prices of these three categories of products also fell to varying degrees. The export volume of medical and sanitary textiles decreased by 10.3%. In particular, the drop in gauze and bandage products reached 15.8%. The amount of textiles for safety protection that was newly included in the statistics range was 364 million U.S. dollars, down 2.4% year-on-year, but its price increased by 1.38%.

From the perspective of the major export markets of China's industrial textiles, the United States is the largest, with exports falling by 0.42% in the first quarter, which has dropped for the first time in several years, causing the industry's exports to fall. Exports of industrial textiles from China to the EU continued to decline, which was a decrease of 4.19% year-on-year. However, exports to Japan reversed the downward trend and increased by 0.95%; exports to Vietnam and South Korea increased by 4.63% and 4.80%, respectively, and exports to the Philippines increased by 17.54%. Synthetic leather fabrics and coated fabrics are the largest commodities exported to Vietnam by China, accounting for 42% of all exports. Exports of non-woven fabrics, fishing nets, rope cables and other products are also relatively large, indicating that although China's clothing and Bags industry gradually Transferred to Vietnam, but due to the imperfect supporting of Vietnam's industrial chain, a large amount of raw materials must be imported from China.

In the first quarter of 2016, the import value of industrial textiles in China was US$1.557 billion, which was basically the same as the same period of last year.