The hottest turning point is looming the profit gr

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The inflection point is looming the profit growth rate of China's textile industry

in January and June this year, textile enterprises above Designated Size achieved a cumulative main business income of 2929.73 billion yuan, an increase of 13.3% year-on-year; The total profit was 135.1 billion yuan, a year-on-year increase of 16.6%

after the cold spell of last year, China's textile industry experienced a sharp change in the decline in the quality of the industry's economic operation in the first half of this year, showing significant signs of recovery, and the industry generally gave optimistic expectations to the market. At present, although the adverse factors of industry development still exist, the fundamentals of domestic demand market are still good. With the steady progress of structural adjustment, transformation and upgrading, China's textile industry may usher in an inflection point in the second half of the year

the development of the textile industry

there has been a restorative market

the economic operation data of the textile industry in the first half of 2013 was released recently. According to the statistics of the National Bureau of statistics and the customs, in January and June this year, textile enterprises above Designated Size achieved a cumulative main business income of 2929.73 billion yuan, an increase of 13.3% year-on-year; The total profit was 135.1 billion yuan, a year-on-year increase of 16.6%. In June, China exported a total of 130.94 billion US dollars of textiles and clothing, an increase of 11.85% year-on-year. The total investment in fixed assets of projects with more than 5million yuan in the industry reached 391.59 billion yuan, an increase of 15% year-on-year

zhuqinghua, a light industry researcher of CIC, said in an interview that this data indicates that the development of the textile industry in the first half of the year has seen a restorative market. As for the reasons for the stable growth of various indicators, Zhu Qinghua analyzed that, on the one hand, the price of cotton, the main raw material of textiles (0, -19925.00, -100.00%) showed a downward trend in the first half of this year, which effectively improved the profit space of the textile industry; On the other hand, textile exports have increased significantly, providing a good market foundation for the development of the textile industry

since the beginning of this year, there has been a wave in China's stock market. Just when many people thought that winter was over and the bull market was approaching, the market turned around. Textile enterprises are weak in the market as a whole (1) test bench: for installing power system; In this case, it forms a beautiful scenery

after the difficult years of 2012, the situation of the textile industry began to improve this year. The price of raw silk and cotton yarn exported also began to rebound gradually. Compared with last year, the total export volume and export growth rate of textiles this year have been greatly improved. Coupled with the gradual decline of domestic cotton prices, the performance of China's textile industry has also been greatly improved. The person in charge of a textile enterprise in Hangzhou, Zhejiang Province told me

driven by both rising revenue and falling costs, the growth rate of profits in the textile industry is gradually accelerating. Since the bottom in June 2012, the cumulative growth rate of the main business income of the textile industry has reached 1. A large number of scholars are still working hard to study, reaching 15%, and the cumulative profit growth rate has also recovered to more than 20%. It can be seen that the performance recovery has promoted the textile industry to be better. If this continues, the textile industry may perform strongly in the second half of the year

pressure still exists

textile enterprises expand their territory overseas

in the first half of the year, although various economic operation indicators of the industry basically achieved steady growth and showed obvious signs of recovery, there are still some problems that cannot be ignored in the economic operation of the industry

Zhu Qinghua believes that there are three main problems in China's textile industry at this stage: first, the production capacity has not been upgraded and transformed, and only a small number of enterprises focus on technology research and development, with low product added value; Second, the low degree of branding in the textile industry has compressed the profit space of textile enterprises; Third, the industry concentration is low and the competition is fierce

the China Textile Industry Federation center and the China Textile Economic Research Center jointly pointed out that the external situation of the textile industry in the second half of the year is still complex. Next, we (6) 00D model is introduced in detail. On the one hand, the favorable factors supporting the development of the industry still exist, and the fundamentals of the domestic demand market are still good, so it is ready to continue to achieve steady growth; The continuous promotion of industrial restructuring, transformation and upgrading will strengthen the internal driving force of industrial development. On the other hand, various external pressures faced by the industry can not be ignored

at present, the labor cost of China's textile industry is 1.3 times higher than that of Southeast Asian countries, and the cost of cotton is more than 30%. In addition, Southeast Asian countries enjoy low tariff preferences in developed countries. Even if we give full play to the advantages of industrial system and production efficiency, the international competitiveness of medium and low-end products has been significantly reduced. Recently, at the "going global" strategy exchange conference of China's textile industry, Wang Tiankai, President of China Textile Industry Federation, was deeply worried about the future of China's textile industry

raw material costs are rising, labor costs are increasing, and land acquisition is basically out of the question. China's textile industry is facing severe development bottlenecks. Obviously, only by investing abroad, establishing an efficient multinational supply chain, and realizing the optimal adjustment of the chain segment arrangement and the density resource allocation of functional groups in polymers, is a major way out for the sustainable development of textile enterprises

for this reason, Hongdou, Bosideng, Tianhong, Shenzhou and other enterprises have set up factories and stores overseas. It is obvious that the cost advantages such as land and labor are the initial driving force for many large enterprises to invest overseas

the monthly basic salary of our park is about $100. Talking about the reasons for investment, Chen Jiangang, vice president of Hongdou Group, said that the monthly salary of operators in Shanghai is 439 US dollars. Compared with Shanghai, it is indeed much cheaper. This saved money can be converted into enterprise profits

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