Shoes And Other Industries "Fever" Clues Gradually

According to statistics from the National Bureau of statistics, 15 industries in 39 categories of industries are growing below the national average level in the whole year. Among the three industries, chemical fiber, textile, clothing, shoes and hats are among them.

Moreover, the added value growth rate of textile, clothing and footwear industry continued to show signs of decline. The textile industry dropped 1.5% compared with the beginning of the year, and the clothing and footwear industry dropped 1.95% compared with the beginning of the year.

Industry experts also indicated that although it is not yet possible to say that the momentum of textile economic development has been fundamentally reversed, but after nearly a year of intensive macroeconomic regulation and control policy, the industry "fever" has been revealed.

The industry believes that this year's regulatory policies, from a macro perspective, is of great significance for stabilizing the national economic environment. In the long run, it is conducive to promoting the industrial structure adjustment and industrial upgrading of the textile industry, but the textile industry has also entered a rising period of high cost, and the profit margins of enterprises have been continuously compressed, especially in the face of increasingly severe challenges for SMEs.

The economic analysis report of the cotton textile industry in 2007 provided by the "first textile net" showed that this year's enterprises accounted for more than 64% of the industry's profit margins less than 3%, and 42.46% of the 285 large and medium-sized state-owned cotton textile industry suffered 42.46% losses, with a total profit of only 75 million yuan, a decrease of 37.56% over the same period last year.

Among them, the export tax rebate rate reduced by two percentage points, so that the total profit of cotton textile industry reduced by about 1 billion 60 million yuan.

The feedback from the enterprise level confirms this point.

It is reported that the overall operating rate of domestic textile enterprises is less than 70%, and the phenomenon of reduction and shutdown is quite serious, especially for some small and medium-sized textile enterprises.

The rise of prices leads to more production costs, while downstream competition tends to become more intense, so that prices between enterprises have to be lowered.

Even so, inventory is still high.

By the end of October, the average inventory of cotton yarn in China's textile enterprises was 17 days, and the inventory of grey fabrics was 29 days, and the backlog of downstream products was serious.

Compared with the "zero" inventory in previous years, this is a world of difference.

In the case of cash flow difficulties, enterprises can only reduce production to ease operating pressure.

It is worth noting that in the current voice of "complain", the figures from official statistics show that the economic efficiency of the textile industry is growing steadily.

In the first 8 months of this year, the total profits of textile enterprises above Designated Size amounted to 71 billion 75 million yuan, up 37.79% from the same period last year, increasing by 4.42 percentage points over the same period last year.

Behind this industry's macro orientation, it is the further aggravation of the difficulties faced by enterprises.

Data show that compared with the increase of 3 or above, Shanghai and Shenzhen two cities, more than 80 textile and garment listed companies deducted the investment income, and the net profit in 1-9 months increased by only 9.56%.

Generally speaking, the listed company is the representative of the outstanding group in the industry. Its profitability is much higher than the average level of the domestic textile industry. Why is there so much contrast between the industry data and the two data of the enterprise?

Wang Qian's view is that the diversification of the sources of profits of the industry temporarily obscures the embarrassing reality of the textile industry's boom and fall.

The high profit growth of textile industry this year is mainly due to the non recurring income brought by the diversification strategy of key enterprises, the sharp increase in profits of sub industries such as chemical fiber and other enterprises, and some enterprises have increased labor productivity through strengthening management and technical level, and digested and absorbed some of the costs.

If we exclude these statistical differences, we may be more objective to understand the real existence of textile enterprises.