Social business on January 11 hearing, "half paradise, half hell." Textile city a person evaluated the dramatic ups and downs last year, the textile market, before and after the very different trend.
China Textile Industry Association data show that the first half of last year, especially in the first quarter, the domestic textile industry, market demand, sales growth has improved significantly, relatively strong profitability of the business. But into the second half, enterprise funds tight, inventory increase in the worsening of the third quarter, the national textile enterprises above designated size reached 11.9% loss in the fourth quarter, affected by the weak global economy, the textile industry entered the winter.
with the general trend of the domestic textile industry, compared the city's Green Alliance Holdings was spun out of a steady upward curve last year, orders, sales maintain steady growth, our self-service sales revenue increased by 75.4 % year on year profit growth of 30.29%. "We were able to overcome multiple disadvantages, mainly due to deep-seated structural adjustment." Yan Yong, chairman of the group said.
Is the only path to upgrade
According to the city's textile industry experts, textile and garment industry hard last year's earnings, first by the raw material, high labor costs and other factors faced by the manufacturing industry in general.
In 2011, cotton prices show "roller coaster" as the rose fell. "Last year, a sudden drop in domestic cotton prices in June, and we had because of production needs, with high price of cotton as a stock purchase, for direct loss of profit of 10 million yuan at the same time, labor costs have given us no small pressure, rising in successive years on the basis of labor costs last year, up 15%. "Associated Textiles Group Green Marketing person in charge.
The more pressure than the operating costs from the demand side. U.S. debt crisis, the European debt crisis has accelerated the spread, leading to weakness in the international market, a substantial reduction orders. In November last year at the China Import and Export Fair, the exhibition of textile and apparel enterprises generally reflect the status of European and American market orders even worse than in 2008.
"Moreover, with the gradual loss of cost advantage of China's manufacturing industry, textile and apparel manufacturing is continuing to Vietnam, Bangladesh, Indonesia and other countries, the transfer of lower labor costs in such circumstances, the textile industry in addition to speed up transformation and upgrading, not other way. "Yan Yong said.