Data from key enterprises tracked by the China Cotton Textile Industry Association show that with the continuous and effective development of domestic epidemic prevention and control, domestic consumer market demand has gradually recovered, and the negative impact of the epidemic on the production and operation of textile enterprises has gradually decreased. From the second quarter, cotton textile enterprises The capacity utilization rate of equipment has gradually increased, the quality and efficiency of operation has gradually improved, and the company's confidence in the future development of the industry has gradually increased.
1. The output of yarn and cloth continues to increase, and the utilization rate of equipment is gradually increasing
The data shows that the cumulative yarn output in 2020 will drop by 6.76% year-on-year, of which the output of pure cotton yarn, cotton blended yarn and purified fiber yarn will fall between 5.15% and 8.12% year-on-year; the cumulative cloth output will drop by 11.38% year-on-year, of which pure cotton The output of cloth, cotton blended cloth and purified fiber cloth decreased by 7.01%-23.70% year-on-year. Since February, the year-on-year decline in yarn and cloth production has continued to narrow. Compared with February, the year-on-year decline in December gauze production has narrowed by 25.62 and 15.99 percentage points, respectively.
The data on raw material consumption shows that in 2020, the consumption of raw materials has decreased by 6.51% year-on-year. Among them, the consumption of raw cotton decreased by 5.09%, the consumption of imported cotton in raw cotton decreased by 15.17%, and the consumption of non-cotton fiber decreased by 8.87%. The year-on-year change trend of the raw material consumption of cotton textile enterprises is basically the same as that of the yarn output. Since February, the raw material consumption has gradually increased. In August, my country’s clothing exports ushered in the first positive growth of the year, and the consumption of imported cotton increased sharply year-on-year, with a decrease compared with July Narrowed by 10.59 percentage points.
In terms of equipment utilization, since tracking companies are mainly large and medium-sized enterprises, production and operation are relatively stable, and the overall utilization of equipment is better than that of the national cotton textile industry. Data shows that the utilization rate of spinning equipment in 2020 has decreased by 0.29% year-on-year. Weaving equipment utilization The rate increased by 1.30% year-on-year. On a monthly basis, the utilization rate of cotton textile enterprises has gradually increased since February. The utilization rate of spinning equipment is generally better than that of weaving equipment, which is consistent with the purchase and sale of yarn and cloth markets. With the continuous improvement of the domestic economic operation, the purchase and sales of yarn and cloth markets have gradually recovered, but the market transmission is not smooth, and the purchase and sales of the downstream grey cloth market are not as good as the yarn market.
2. Sales continued to improve, product inventory dropped, and raw material purchases increased
Sales data show that the cumulative yarn sales volume in 2020 decreased by 4.31% year-on-year, of which the sales volume of pure cotton yarn, cotton blended yarn and purified fiber yarn decreased by 3.76%-5.49% year-on-year; the cumulative cloth sales volume decreased year-on-year 13.51%, of which the sales volume of pure cotton cloth, cotton blended cloth and purified fiber cloth decreased by 9.17%-25.43% year-on-year. The data shows two characteristics: one is that the sales volume of grey cloths has fallen significantly higher than that of yarns; the second is that the sales volume of yarn and cloth has changed year-on-year in line with the output, and the decline has shown a gradual shrinking trend. Among them, since August, yarn sales The year-on-year decrease in the volume is smaller than the decrease in its output, and the yarn inventory has dropped significantly; the year-on-year decrease in cloth sales has been higher than the decrease in its output since the beginning of the year, and the cloth inventory has continued to increase. This shows that the current domestic economic and social development is improving, production and supply continue to recover, and the demand in the downstream market is gradually picking up, but the overall demand is still weak.
Product inventory data show that the yarn inventory of cotton textile enterprises in 2020 will drop by 19.38% year-on-year. Among them, the inventory of pure cotton yarn, cotton blended yarn and purified fiber yarn has dropped by 8.90%-27.89% year-on-year; cloth inventory The cumulative volume increased by 16.02% year-on-year, of which the inventory of pure cotton cloth, cotton blended fabric and purified fiber cloth increased by 13.09%-44.84% year-on-year, with the largest increase in purified fiber cloth. On a monthly basis, since April, yarn inventory has gradually decreased year-on-year, while cloth inventory has continued to fluctuate. Compared with April, the year-on-year decline of yarn inventory in December has narrowed by 41.60 percentage points, and the year-on-year increase of cloth inventory has increased by 5.65. percentage point. It can be seen that by the end of December, yarn inventory was at a historically low level. Spinning companies strictly controlled production and sales, produced on-to-order, fast production and quick sales, and avoided production risks by reducing inventory.
Data on raw material inventory shows that in 2020, the total raw material inventory of cotton textile enterprises increased by 0.37% year-on-year, of which raw cotton inventory decreased by 3.69% year-on-year, imported cotton inventory in raw cotton decreased by 8.71% year-on-year, and non-cotton fiber inventory increased by 11.92% year-on-year . This shows that textile companies have begun to adjust their product structure to cope with the impact of various factors, and the use of non-cotton fibers has increased rapidly. On a monthly basis, since February, the year-on-year decline in raw material inventory has continued to shrink, and since July, it has turned from negative to positive year-on-year. As cotton textile enterprises gradually increase their confidence in the later market, their willingness to purchase raw materials has increased and inventory has increased.
3. The domestic market demand is released, and the main economic indicators are gradually restored
The data shows that in 2020, the main business income of cotton textile enterprises has dropped by 8.62% year-on-year, the main business cost has dropped by 8.43% year-on-year, the total profit has dropped by 13.83% year-on-year, the export delivery value has dropped by 19.59% year-on-year, and the industrial added value has accumulated A year-on-year decrease of 9.03%, and a cumulative year-on-year increase of 0.83% in losses.
On a monthly basis, since February, the year-on-year decline of other indicators, except for the export delivery value, has continued to shrink, showing the strong resilience and vitality of our domestic demand market. Among them, compared with February, the cumulative decline in main business revenue in December narrowed by 21.87 percentage points, total profits narrowed by 57.91 percentage points, industrial added value narrowed by 19.06 percentage points, and the number of loss-making enterprises decreased by 59.63 percentage points, and the loss-making area narrowed. 18.60 percentage points. The government has introduced tax and fee reduction measures to continue to reduce the burden on enterprises. The cost of main business has dropped significantly year-on-year, but the total profit of the company has dropped more than the cost of main business year-on-year. Tracking corporate profitability in 2020 has dropped by 0.27 percentage points year-on-year.
In general, despite the impact of the new crown epidemic, the production and operation of the cotton textile industry in 2020 has gone out of a "V" curve. From the large area and substantial negative growth in the first quarter, the decline has continued to narrow and the marginal improvement since the second quarter. , In the fight against the epidemic and the resumption of work and production, the economy is gradually recovering, and the economy has risen from the bottom to stabilize. The current global epidemic is still uncertain, the economic downturn is difficult to reverse, and the global supply chain is facing huge adjustments, which are both challenges and opportunities. At the same time, the domestic economy is expected to improve and the domestic market will continue to recover. During the 14th Five-Year Plan period, Under the new development pattern of "dual cycle", my country will build a more solid economic foundation, more perfect infrastructure conditions, and a more superior innovation environment. The cotton textile industry urgently needs to practice its internal skills and think in the new development pattern , Seek new directions.
This report involves data from more than 260 cotton textile enterprises and about 15 industrial clusters across the country. The total spinning capacity accounts for about 60% of the national cotton textile industry, which is representative of the industry.
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