Operation status of the industrial textiles industry in the first quarter of 2017
2017-05-16
In the first quarter of 2017, my country's industrial textiles industry got off to a good start and ran smoothly and healthily. According to the association's survey of member companies, the industry's prosperity index in the first quarter was 82.4, a significant improvement compared with the same period last year, indicating that entrepreneurs maintain high confidence in the development of the industry.
In terms of investment, fixed asset investment in the industrial textile industry reached 13.469 billion yuan in the first quarter, a year-on-year increase of 29.31%, the highest growth rate since 2012. Among them, nonwovens are still a hot investment in the industry, with actual investment of 6.46 billion yuan, a year-on-year increase of 41.81%; investment in the rope and cable industry increased significantly by 111.38%, reversing the low growth rate of investment in this field last year; investment in textile belts, cord fabrics, and canopies increased by 4.06% and 2.74% respectively.
According to data from the National Bureau of Statistics, the main business income and total profits of enterprises above designated size in the industrial textile industry in the first quarter were 71.136 billion yuan and 3.996 billion yuan respectively, a year-on-year increase of 7.05% and 3.49% respectively. The industry's profit margin in the first quarter was 5.62%, a year-on-year decrease of 0.19 percentage points. 13 listed industrial textile companies announced their first quarter reports, with their main business income increasing by 32.23% and total profits increasing by 40.24%. The main reason for the impact on the operation of the industry is the increase in the price of chemical fiber raw materials. According to the association's research, the industry's raw material price index is 80.6, which is in a rapid growth range. On the one hand, the rise in raw material prices has promoted the growth of industry sales revenue; on the other hand, since price transmission takes time, the gross profit margin and profit margin of enterprises have declined, which has put greater pressure on the operations of small businesses. In the first quarter, the industry's gross profit margin decreased by 0.19 percentage points year-on-year, which was consistent with the industry's profit margin; the losses of industry loss-making enterprises increased by 11.84%.
In terms of industries, according to data from the National Bureau of Statistics, the main business income and total profit of nonwovens enterprises above designated size in my country reached 35.045 billion yuan and 2.027 billion yuan respectively in the first quarter, a year-on-year increase of 6.07% and 5.36% respectively. The profit margin was 5.78%. The export delivery value increased by 9.58%; the main business income of ropes and cables increased by 10. 19%, with a profit margin of 6.71%, both the highest in the industry; the main business income of textile belts and cord fabrics increased slightly by 2.21%, but the total profit dropped significantly by 40.37%; the main business income and total profit of tarpaulins maintained a high growth rate, reaching 8.62% and 23.01% respectively, and the profit rate increased by 0.96 percentage points. In the first quarter, the output of nonwovens reached 1.0594 million tons, a year-on-year increase of 2.59%; the output of cord fabrics also maintained a growth of 6.35%.
According to customs data, my country's industrial textile industry exported a total of US$5.434 billion in the first quarter, a year-on-year increase of 4.34%; imported industrial textiles totaled US$1.612 billion, an increase of 10.02% compared with the same period last year. In terms of products, the export value of non-woven fabrics, packaging textiles, airbags, and cord fabrics increased by 15.53%, 11.49%, 10.82%, and 10.12% respectively. Except for the average export unit price of non-woven fabrics, the average export unit price of the other three categories of products increased to varying degrees. From the perspective of major markets, the United States is my country's largest export market for industrial textiles. In the first quarter, exports to it increased by 36.19%, reversing last year's decline and also driving the growth of industry exports; exports to the EU increased by 16% year-on-year..23%; exports to Japan surged by 40.82%, ranking first among my country's major export markets; exports to Vietnam declined slightly, with export value down 3.16% year-on-year, and exports to India rose slightly by 1.02%.
Overall, in the first quarter of 2017, demand in the industrial textiles industry continued to grow, investment was relatively active, and companies were confident about future development. As raw material prices are transmitted along the industrial chain, the growth rate of the industry's main business income and total profits will return to a higher level, and profitability will maintain the level of last year. As markets in developed countries pick up, the industry's export growth is expected to continue to be consolidated.
In terms of investment, fixed asset investment in the industrial textile industry reached 13.469 billion yuan in the first quarter, a year-on-year increase of 29.31%, the highest growth rate since 2012. Among them, nonwovens are still a hot investment in the industry, with actual investment of 6.46 billion yuan, a year-on-year increase of 41.81%; investment in the rope and cable industry increased significantly by 111.38%, reversing the low growth rate of investment in this field last year; investment in textile belts, cord fabrics, and canopies increased by 4.06% and 2.74% respectively.
According to data from the National Bureau of Statistics, the main business income and total profits of enterprises above designated size in the industrial textile industry in the first quarter were 71.136 billion yuan and 3.996 billion yuan respectively, a year-on-year increase of 7.05% and 3.49% respectively. The industry's profit margin in the first quarter was 5.62%, a year-on-year decrease of 0.19 percentage points. 13 listed industrial textile companies announced their first quarter reports, with their main business income increasing by 32.23% and total profits increasing by 40.24%. The main reason for the impact on the operation of the industry is the increase in the price of chemical fiber raw materials. According to the association's research, the industry's raw material price index is 80.6, which is in a rapid growth range. On the one hand, the rise in raw material prices has promoted the growth of industry sales revenue; on the other hand, since price transmission takes time, the gross profit margin and profit margin of enterprises have declined, which has put greater pressure on the operations of small businesses. In the first quarter, the industry's gross profit margin decreased by 0.19 percentage points year-on-year, which was consistent with the industry's profit margin; the losses of industry loss-making enterprises increased by 11.84%.
In terms of industries, according to data from the National Bureau of Statistics, the main business income and total profit of nonwovens enterprises above designated size in my country reached 35.045 billion yuan and 2.027 billion yuan respectively in the first quarter, a year-on-year increase of 6.07% and 5.36% respectively. The profit margin was 5.78%. The export delivery value increased by 9.58%; the main business income of ropes and cables increased by 10. 19%, with a profit margin of 6.71%, both the highest in the industry; the main business income of textile belts and cord fabrics increased slightly by 2.21%, but the total profit dropped significantly by 40.37%; the main business income and total profit of tarpaulins maintained a high growth rate, reaching 8.62% and 23.01% respectively, and the profit rate increased by 0.96 percentage points. In the first quarter, the output of nonwovens reached 1.0594 million tons, a year-on-year increase of 2.59%; the output of cord fabrics also maintained a growth of 6.35%.
According to customs data, my country's industrial textile industry exported a total of US$5.434 billion in the first quarter, a year-on-year increase of 4.34%; imported industrial textiles totaled US$1.612 billion, an increase of 10.02% compared with the same period last year. In terms of products, the export value of non-woven fabrics, packaging textiles, airbags, and cord fabrics increased by 15.53%, 11.49%, 10.82%, and 10.12% respectively. Except for the average export unit price of non-woven fabrics, the average export unit price of the other three categories of products increased to varying degrees. From the perspective of major markets, the United States is my country's largest export market for industrial textiles. In the first quarter, exports to it increased by 36.19%, reversing last year's decline and also driving the growth of industry exports; exports to the EU increased by 16% year-on-year..23%; exports to Japan surged by 40.82%, ranking first among my country's major export markets; exports to Vietnam declined slightly, with export value down 3.16% year-on-year, and exports to India rose slightly by 1.02%.
Overall, in the first quarter of 2017, demand in the industrial textiles industry continued to grow, investment was relatively active, and companies were confident about future development. As raw material prices are transmitted along the industrial chain, the growth rate of the industry's main business income and total profits will return to a higher level, and profitability will maintain the level of last year. As markets in developed countries pick up, the industry's export growth is expected to continue to be consolidated.
