A Brief Analysis of the Operation of Industrial Textiles Industry in the First Quarter of 2019

Release time:

2019-05-28

In the first quarter of 2019, China's industrial textile industry overcame various unfavorable factors and still maintained a high growth rate. According to the data of the National Bureau of Statistics, the growth rate of industrial added value of industrial textiles reached 9.4 in the first quarter, an increase of 1.3 percentage points over the same period last year, and the overall efficiency of the industry is developing well.

According to the data of the National Bureau of Statistics, the output of enterprises above the scale of nonwovens reached 981400 tons in the first quarter, an increase of 13.65 percent over the same period last year, and the market demand continued to be strong; the output of cord fabric was 141300 tons, down 4.82 percent from the same period last year. The application range of nonwovens market is very wide, and the demand continues to maintain a rapid growth rate; while cord fabric is mainly used in automobile and bicycle tires, the application surface is narrow, and the output fluctuates greatly.

According to data from the National Bureau of Statistics, the main business income and total profits of enterprises above designated size in the industry in the first quarter were 57.362 billion yuan and 2.634 billion yuan, respectively, an increase of 13.43 and 16.86 percent year-on-year, and the industry's profit margin in the first quarter was 5.32 percent, an increase of 0.16 year-on-year. percentage point. The continuous growth of market demand and the successive implementation of the national "fee reduction and tax reduction" policy have led to an improvement in the profitability of the industry. The gross profit margin of the industry has increased by 0.1 percentage points compared with the same period last year, and the proportion of three fees has also decreased by 0.37 percentage points compared with the same period last year. The losses of loss-making enterprises in the industry have been reduced by 11.54, reversing the rapid growth of losses of loss-making enterprises in the industry over the past year.

In terms of listed companies, 18 listed industrial textile companies announced their first quarter reports. Half of them achieved both main business income and profit growth. The overall main business income increased by 11.02, the total profit increased by 63.70, and the profit margin was 10.98. An increase of 3.53 percentage points, much higher than the industry average.

According to customs data, in the first quarter, my country's industrial textile industry exports maintained growth, and imports declined. Exports totaled 6.424 billion US dollars, an increase of 5.72 percent year-on-year; imports 1.549 billion US dollars, a year-on-year decrease of 8.78 percent. Among the main export products, the export value of industrial coated fabrics, felt fabrics and tents, non-woven fabrics, disposable sanitary products, string (cable) with textiles, wiping cloths, industrial glass fiber products increased by 3.05, 9.57, 8.53, 13.12, 6.63, 7.90 and 6.24, respectively, the average unit price of industrial coated fabrics, felt and tents, string (cable) with textiles and wipes has increased to varying degrees.

On the whole, the industrial textile industry started well in 2019, with rapid growth in demand and production, and strong confidence in the future development of enterprises. However, at the same time, the development of the industry is also facing many challenges and uncertain factors. In particular, the increase in export tariffs caused by Sino US trade friction requires the industry to actively respond through various channels, resolve risks, ensure the stable operation of the industry throughout the year, and maintain a certain growth rate.