Wang Qianjin: In The First 5 Months, The Profit Index Of Textile And Clothing Industry Will Show A Marked Slowdown.

The international business daily, published today, reported that in view of the recent decline in cotton prices, analyst Wang Qian pointed out that Raw material price In the medium to long term, the decline may reduce the production and operation costs of enterprises, but in the short term, it may have a negative impact on enterprises. Cotton is the main cost of spinning enterprises, accounting for about 60% of the total cost. Once the price of cotton fluctuates, the operation of textile enterprises will be greatly affected.

Wang further analyzed: "the fall in cotton prices will affect and affect the entire cotton industry chain." Because the price trend is not clear, the enterprise will delay the purchase, affect the enterprise order and the enterprise profit, because the enterprise also has the cotton and so on. Raw material inventory 。 If prices fall, this year, textile companies will face greater difficulties in making profits.

Although cotton prices have seen a slight decline in recent years, the added value of China's textile and garment industry is low, plus labor costs rising. Monetary tightening The appreciation of RMB and heavy inflation pressure make Chinese consumers' consumption intention continue to decline, and the domestic demand of textile and garment industry is growing slowly, which is not conducive to improving the production and operation of textile enterprises.

These factors will "accumulate and superimpose", and the pressure on enterprises will gradually appear.

Wang Qianjin said that from last year to the first quarter of this year, these factors have more and more obvious restrictions on the production and operation of the industry.

According to Wang Qian forecast, the profit index of textile and garment industry has not yet been released in the first five months of this year, and the growth rate will obviously slow down. "From the perspective of business operation, apart from exports, the growth rate of all basic indicators has dropped significantly, including profits, output and textile industry added value." "The added value of textile industry in April increased by 5.9% over the same period last year," Wang said to reporters. "Last year, the data remained above 10%. This means that the operating rate, output and profit of the textile industry are showing a slowdown and a downward trend. It also reflects the overall operation of the textile industry from one aspect. The two quarter and the three quarter of this year will be a difficult period for textile enterprises. "

The overall export situation of China's textile and garment industry this year is worrying. Despite the growth in sales volume, there are still many obstacles to the development of the industry. But the predicament of textile enterprises will not continue to deteriorate. On the one hand, the price of cotton will tend to be stable for a long time. With the gradual increase of downstream demand, the profit margins of textile enterprises will be gradually released. On the other hand, because of the sparse rainfall in the Yangtze River Basin, this year's cotton planting may have an impact. It is estimated that the current cotton inventory will gradually be consumed, and cotton prices will continue to warm up.