The decline in sales and sales of Shanghai's textile industry expanded quarter by quarter

The decline in sales and sales of Shanghai's textile industry expanded quarter by quarter Ye Zhiqiu, the textile industry is facing a test. Shanghai Textile Association expects that many small and medium-sized micro-enterprises may be eliminated.

According to the Shanghai Textile Association’s third quarter textile economic operation report provided by the Shanghai Textile Association, in the first three quarters, the industrial output value and sales volume of the Shanghai textile industry increased year-on-year (by the same period of the previous year).

From January to September, 858 industrial enterprises above designated size in the Shanghai textile industry achieved gross industrial output value (current price) of RMB 59.080 billion, a year-on-year decrease of 7.1%; of which, the September decline was 9.2% year-on-year. From a quarterly perspective, the year-on-year decline continued to increase, with a year-on-year decrease of 3.4% in the first quarter and a year-on-year decrease of 3.6% in the second quarter.

From January to September, Shanghai industrial enterprises above designated size achieved sales value of 59.048 billion yuan, a year-on-year decrease of 4.6%. The year-on-year decline also expanded quarter by quarter, with the second quarter at 3.9% and the first quarter at 2.9%. In September, the decline dropped to 6.2%.

“The net profit rate of textile and garment export enterprises is generally only 1-3%. The survival mainly depends on the national tax rebate, and after the tax rebate removes the customer’s price, the benefits the company can enjoy is only about half, so if you exclude 16% of the export tax rebate on profits The contribution of the vast majority of textile and garment companies are running at a loss," Shanghai Textile Association wrote in the report.

Exports declined more than domestic sales. According to the report, the export volume of textile and apparel in Shanghai fell for 11 consecutive months. From January to September, Shanghai textile enterprises achieved export value of 15.964 billion yuan, a year-on-year decrease of 11.1%.

According to Liu Xifeng, secretary-general of the Shanghai Textile Association, the traditional export market of the textile industry has continued to shrink as a result of the European debt crisis this year. Affected by rising domestic costs, international apparel retailers have stepped up their purchases from Southeast Asia and reduced their exposure to China. The company's purchasing needs.

It is reported that due to the ongoing expansion of the cotton price gap at home and abroad due to the existing cotton management system, the domestic cotton price was about RMB 4500/ton higher than that of foreign countries in early July. At present, the price difference has reached RMB 5,000/ton, weakening the textile industry in particular. Cotton spinning industry chain competitiveness. In addition, China's textile and apparel export products remain the main targets of global trade protection this year.

Lu Longsheng said that the reduction in EU orders has been most evident since the beginning of this year. Diaoyu Island disputes have caused Sino-Japanese trade to cool down. Orders from Japan have declined rapidly. At present, only orders for export to the United States continue to increase in single digits.

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