Overview of the operation of the textile machinery industry in the first quarter of 2019

In the first quarter of 2019, despite the complex international economic situation and the impact of the Spring Festival holiday, under the overall stable environment of the national economy and the textile industry, the textile machinery industry started in line with expectations.

In the first quarter of 2019, despite the complex international economic situation and the impact of the Spring Festival holiday, under the overall stable environment of the national economy and the textile industry, the textile machinery industry started in line with expectations. The operating income and profit of textile machinery enterprises above designated size in the first quarter Both reached double-digit growth, and the export of textile machinery products remained stable, showing a slight growth trend.

Operational quality and efficiency

From January to March 2019, enterprises above designated size in the textile machinery industry achieved operating income of 22.982 billion yuan, an increase of 14.57% over the same period, and the growth rate decreased by 2.27 percentage points from the same period last year; total assets were 102.501 billion yuan, an increase compared with the same period last year 8.56%, the growth rate decreased by 1.10 percentage points compared with the same period last year.

The profitability of the industry continues to remain stable. From January to March 2019, the total profits of enterprises above designated size in the textile machinery industry were 1.401 billion yuan, an increase of 13.01% compared with the same period last year; the loss of loss-making enterprises was 145 million yuan, a decrease of 24.05% compared with the same period last year; It is 20.35%. From January to March 2019, the operating income margin of the textile machinery industry was 6.10%, a decrease of 0.10 percentage points from the same period last year.

From January to March 2019, the total cost of enterprises above designated size in the textile machinery industry was 21.248 billion yuan, an increase of 13.69% compared with the same period last year, and the growth rate was 3.19 percentage points lower than the same period last year. The three fee ratio was slightly lower than the same period last year.

Operation of key enterprises

From January to March 2019, the Textile Machinery Association tracked key enterprise survey data and showed that the main business income was 10.331 billion yuan, an increase of 11.82% compared with the same period last year, accounting for 44.95% of the entire textile machinery industry; the total profit realized was 1.087 billion yuan, an increase of 15.18% compared with the same period last year. The loss of loss-making enterprises was 54.382 million yuan, an increase of 136.63% compared with the same period last year; the loss was 27.27%, which was 5.53% wider than the same period last year. The total period expenses of key enterprises were 8.925 billion yuan, an increase of 4.82% compared with the same period last year; of which operating expenses were 1.880 billion yuan, an increase of 5.53% compared with the same period last year, accounting for 21.06% of the total period expenses; management expenses were 5.84 billion yuan , An increase of 6.26% compared with the same period last year, accounting for 65.47% of the total period expenses; financial expenses were 1.202 billion yuan, a decrease of 2.60% compared with the same period last year, accounting for 13.47% of the total period expenses.

Import and export situation of textile machinery industry

According to customs statistics, the cumulative total of China's textile machinery imports and exports from January to March 2019 was US$1.721 billion, a decrease of 1.50% compared with the same period last year. Among them, the import of textile machinery was US$819 million, down 4.69% compared to the same period last year; the export was US$902 million, an increase of 1.58% compared to the same period last year.

Import of textile machinery products

From January to March 2019, textile machinery was imported from 58 countries and regions, with a total import value of US$819 million, a 4.69% decrease compared with last year. The main importing countries and regions are Japan, Germany, Italy, Belgium and China Taiwan. The top five importers have a trade volume of US$ 698 million, an increase of 1.83% compared with the same period last year, accounting for 85.25% of total imports.

From the perspective of imported product categories, chemical fiber machinery imports ranked first, with a total import value of 215 million US dollars, an increase of 3.97% compared with the same period last year, accounting for 26.25% of the total imports; the seven major categories of products except chemical fiber machinery/weaving machinery, All have decreased in varying degrees. Driven by industrial transfer and upgrading, and downstream demand growth, weaving machinery has maintained a relatively high import growth rate.

Export situation of textile machinery products

From January to March 2019, a total of US$902 million of textile machinery was exported to 170 countries and regions, an increase of 1.58% compared to the same period last year. The total value of exports to India, Vietnam, Bangladesh, Uzbekistan and Indonesia accounts for 56.47% of the total export value, and it is the main country and region of China's textile machinery export. Affected by industrial transfer, Uzbekistan and Vietnam's export value increased significantly. The export value to Uzbekistan ranks among the top five textile machinery exports.

In terms of product categories, the export value of knitting machinery was US$253 million, an increase of 4.98% compared with last year, accounting for 28.06%, ranking first, followed by printing and dyeing finishing machinery, auxiliary devices and parts, spinning machinery , Weaving machinery, chemical fiber machinery and non-woven machinery, seven categories of products three rise and four fall. Under the influence of textile companies' active overseas investment, the growth rate of spinning machinery exports in the first quarter continued the growth trend of last year, mainly exported to Uzbekistan, Vietnam, Bangladesh, etc.

market outlook

In the first quarter of 2019, each segment of the textile machinery industry showed different operating trends, and most of the product sales of spinning machinery showed a different range of growth; the water jet loom in the weaving machinery maintained the high growth trend of last year. The sales of looms continued to decline; the sales of knitting machinery in circular weft knitting machines increased steadily, and the overall market situation of warp knitting machines fell; printing and dyeing and finishing machinery maintained the development trend of last year; sales of chemical fiber machinery decreased slightly; There is a noticeable recovery.

Industry outlook

Looking forward to 2019, the international trade environment is complex and changeable, the textile market is facing challenges at home and abroad, and various uncertain and unstable factors still exist. However, the general trend of the steady development of China's national economy will not change. The domestic policy environment will continue to be optimized. It is conducive to stabilizing the domestic market environment and providing conditions for the stable development of the textile industry. The textile machinery industry will also continue to focus on the new kinetic energy brought about by the transfer of the textile industry and product upgrading and transformation, actively adjust the industrial structure, conform to market demand, and respond to market fluctuations. Maintain the stable development of the industry.