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Operation Analysis Of Textile Machinery Industry In The First Quarter Of 2020

2020/5/30 11:30:00 31

In The First Quarter Of 2020Textile Machinery

In the first quarter of 2020, the outbreak of new crown pneumonia had a significant impact on the normal operation of the global economy and society, and it also brought unprecedented impact on China's economic development. While doing a good job in epidemic prevention, the textile machinery industry has been promoting the resumption of production and production in an orderly way, especially the production chain enterprises related to the epidemic prevention materials. However, due to the lack of orders in the environment and the downstream demand of textile machinery industry, the statistics show that the main economic indicators in the first quarter of the textile industry showed a sharp decline. Textile machinery exports and imports also declined to varying degrees, and the production and operation of the industry was facing a great challenge.

Operation quality and efficiency

According to the statistics of the National Bureau of statistics, in 2020 1-3, the business income of 635 textile machinery enterprises above Designated Size reached 12 billion 211 million yuan, a decrease of 38.90% compared with the same period last year, and the growth rate was 36.63 percentage points lower than that of the same period last year. The total assets amounted to 95 billion 899 million yuan, an increase of 9.79% compared with the same period last year. Affected by the global spread of the epidemic, industry revenues declined significantly in the first quarter. The total realized profit was 402 million yuan, a decrease of 67.34% compared with the same period last year, and a profit margin of 3.30%, which was 2.80 percentage points lower than that of the same period last year. The deficit of deficit companies was 317 million yuan, an increase of 163.71% compared with the same period last year, with a deficit of 41.10%, an increase of 1.59 percentage points over the same period last year. The deficit in March decreased by 6.62% compared with February. With the gradual promotion of enterprises' resumption and resumption of production, the operation of the industry is gradually recovering.

In 2020 1-3, the total cost of spinning machinery enterprises above Designated Size amounted to 11 billion 591 million yuan, down 36.82% from the same period last year, and the growth rate was 50.51 percentage points lower than that of the same period last year. Accounts receivable increased by 9.76% compared with the same period last year, and finished goods inventories increased by 8.30%.

Investigation of key enterprises

The textile machinery association carried out a survey of 109 key textile machinery enterprises in the first quarter of 2020 in 2020. From the aggregate results, in the first quarter, more than 70% of the company's operating income decreased to varying degrees, 68.63% of the enterprises' orders fell by more than 50%, the prices of textile machinery products were generally stable, and the inventory of enterprises increased. 60% of the enterprises believed that the main problems faced were the internal and external market insufficiency caused by the epidemic, the blocked sales channels and the cancellation of the original orders. In the two quarter, spinning, chemical fiber and nonwoven machinery enterprises believed that the order would be improved compared with the first quarter. Weaving, knitting, dyeing and finishing machinery enterprises believed that the chain will continue to decline. For the textile machinery industry in the first half of 2020, 76% of the surveyed enterprises were not optimistic.

Import and export of textile machinery industry

According to customs statistics, the total import and export of textile machinery in China in 2020 1-3 amounted to US $1 billion 332 million, down 22.58% compared with the same period last year. Among them: textile machinery imports $654 million, compared with the same period last year, a decrease of 20.17%; exports of $679 million, compared with the same period last year, a 24.77% decline.

Import situation of textile machinery industry

In 2020 1-3, textile machinery was imported from 53 countries and regions, with a total import value of US $654 million, down 20.17% from the same period last year. The main importing countries and regions of textile machinery are Japan, Germany, Italy, China, Taiwan and Belgium. The trade volume of the top five imports is US $566 million, a decrease of 20.17% compared with the same period last year, accounting for 86.62% of total imports.

Judging from the category of imported products, the import of chemical fiber machinery ranks first, with a total import value of US $240 million, an increase of 11.83% compared with the same period last year, accounting for 36.77% of the total imports. Driven by downstream demand, the import of chemical fiber machinery continued to maintain growth.

Export situation of textile machinery industry

In the 1-3 month of 2020, a total of 679 million textile machinery exported to 159 countries and regions was reduced by 24.77% compared with the same period last year. The top five countries of export amount are India, Vietnam, Bangladesh, Turkey and Japan, which account for 51.40% of the total export volume, and are the major countries and regions for the export of textile machinery in China.

According to the export category, the export volume of knitting machinery was 192 million US dollars, 24.22% less than last year, accounting for 28.26%, ranking first, followed by printing and finishing machinery, auxiliary equipment and spare parts, weaving machinery, spinning machinery, chemical fiber machinery and nonwoven machinery.

Sub sectors

Spinning machinery

Due to the sudden outbreaks, affected by downstream industries, the market demand for spinning machinery at home and abroad is low, orders are sluggish, and the start-up of enterprises is delayed. From the first quarter of 2020, we can see that the overall operation of spinning machinery showed a significant downward trend, and the sales volume of all kinds of mainframe and special equipment decreased to varying degrees. The decline rate of carding machine is relatively low, mainly due to the increase in export volume and the increase in import volume of jet vortex spinning equipment, which correspondingly increased the demand for pre spinning equipment, and also showed that domestic demand for air-jet vortex spinning remained hot. According to the Textile Machinery Association's statistics of key enterprises, the sales of cotton spinning frames decreased by 60% in the first quarter, and the sales of rotor spinning machines decreased by 57.5% compared with that of the previous ones, and the sales volume of drawing frames, roving machines and comber decreased by more than 50%. The operation environment of domestic downstream industries is expected to gradually improve in the two quarter, but the spread of overseas epidemics will continue to affect the export of spinning machinery.

weaving machinery

In 2020 1-3, affected by the Spring Festival holidays and epidemic situation, weaving machinery enterprises actively overcome the factors such as resumption of production and economic downtrend, but the downward pressure on sales in the first quarter increased significantly. Since the middle of 2 months, with the gradual recovery of logistics, raw materials and supporting enterprises, the supply capacity has been steadily restored, the operation of the industrial chain has been continuously improved, weaving machinery enterprises have resumed production and production in an orderly way, and sales orders are in place. At the stage of repair, most enterprises mainly take orders before the festival. In the middle and late 3, with the outbreak of foreign epidemic situation, the production of enterprises was obviously slowed down by the influence of foreign trade. According to the data of the National Bureau of statistics, the output and output value of cotton textile, filament weaving, home textiles and other industries have dropped significantly, and the sales of rapier looms, air-jet looms and water jet looms have been greatly reduced. According to the Textile Machinery Association's statistics on key enterprises, sales of rapier looms decreased by 31.8% in the first quarter, and sales of jet looms decreased by 44% compared to the same period last year, and the sales of air-jet looms decreased by 31.7% compared with the same period last year. In the two quarter, weaving machinery enterprises should pay attention to cash flow of enterprises, broaden product fitness, and pay attention to the uncertain effects of downstream recovery rate and international environment.

Knitting machinery

In the first quarter of 2020, the overall operation of the three major knitting machinery flat knitting machines, circular weft knitting machines and warp knitting machines was greatly affected by the epidemic. Flat machine market production and sales in the first quarter showed a larger decline. On the one hand, after the Spring Festival just after the serious epidemic situation in China, the overall industry of the flat knitting machine was difficult to reintegrate and the output was difficult to increase. On the other hand, the global outbreak caused the sharp reduction of overseas orders. The circular weft machine industry showed a downward trend in the first quarter. The circular machine enterprises concentrated on the annual production orders. The main products were ordinary single sided double circular machines, and sales declined. The relatively small number of models such as the clothes machine and so on were higher in the first quarter. Besides, overseas markets such as Vietnam and India were also hit by the price drop of single aircraft during the outbreak of overseas epidemic. Warp knitting machine industry continued the overall downward trend in the first quarter. Except for multi axial warp knitting machines, sales of other subdivision models decreased. Affected by the downstream market, the lace machine market continued to show its downturn in the past three years, and sales and sales volume continued to decline. Double needle bed warp knitting machine benefits its wide application and sales volume is relatively stable. High value-added double needle bed warp knitting machine is more favored by users. After two years of rapid development, the market of high-speed warp knitting machine has been saturated and production and sales have declined. The multi axial warp knitting machine has benefited from the resumption and reconstruction of infrastructure projects, and the demand for downstream market has increased, the situation has improved, and the sales volume has increased year by year. According to the Textile Machinery Association's statistics of key enterprises, the sales of flat knitting machines decreased by 68% in the first quarter, and the sales of circular knitting machines decreased by 45% compared with that of the previous year, while the sales of warp knitting machines decreased by 22.2% compared with the same period last year. It is expected that the operation pressure of the flat knitting machine industry will continue to increase. The circular knitting machine industry will focus on the main domestic markets such as Guangdong and Foshan, and the warp knitting machine industry will focus more on industrial use.

Dyeing and finishing machinery

In the dyeing and finishing machinery industry, domestic demand and foreign trade orders fell double due to the reduction of orders and inadequate start-up in the user industry. Orders in the first quarter were mostly accumulated last year and orders before the outbreak of the domestic epidemic in January. In February, orders fell. In addition, due to factors such as delayed pick-up and logistics of downstream user enterprises, equipment enterprises are also facing risks such as backlog and shortage of funds. According to the association's key sampling enterprises, the cumulative sales volume of the rotary screen printing machine decreased by 53% in the first quarter, the sales of flat screen printing machines decreased by 50% compared with the same period last year, the sales of digital printing machines decreased by 23.5%, the sales of dyeing machines decreased by 35.8% compared with that of the previous year, and the sales of the setter machine decreased by 31.4% compared with the same period last year. Most companies are not optimistic about the second quarter market outlook.

Chemical fibre machinery

In the first quarter of 2020, the polyester and nylon filament spinning machines continued to increase year-on-year orders and shipments. The volume of high-speed spinning machines dropped significantly, and the new capacity of polyester staple fiber increased slightly. Due to the Spring Festival holiday and epidemic situation, the chemical fiber equipment enterprises can not resume work normally, but also face the problems of limited traffic and logistics, declining market demand and tight funds. In response to the needs of epidemic and epidemic prevention, some chemical fiber machinery and equipment manufacturing enterprises have adjusted the direction of the products, and actively converted to melt blown equipment, medical protective clothing layers and full automatic mask machines. According to incomplete statistics from the Textile Machinery Association, the shipment volume of the filament spinning machine increased by 53% in the first quarter, and that of the high speed loom machine decreased by 46.2% compared with the same period last year.

Nonwovens machinery

According to incomplete statistics of key enterprises of Textile Machinery Association, the production and sales of nonwoven machinery increased significantly in the first quarter of 2020 compared with the same period last year, and the sales volume of complete sets of equipment such as spunbonded, melt blown and textile fusion increased significantly. The sales volume of needle line and spunlace line were basically the same as that of the same period last year. From the point of view of use, the field of medical and health protection is the most important downstream market. The demand and price increase of "melt spray cloth" and "spunbonded cloth" have led to a substantial increase in orders for related equipment.

In addition to a large number of orders for equipment companies, the industry also exposed some deep-seated problems in the epidemic. The key high-end accessories still rely heavily on imports. There is still a gap between the domestic wide melt blown die and similar products abroad, and the supply capacity of high-end melt blown spinneret is obviously insufficient, and the relevant industry standards need to be revised. According to our understanding of downstream coil finishing equipment enterprises, the delivery volume of spunbonded, melt blown and spinning composite production lines is expected to increase exponentially this year. The conservative estimate is only 1.6 meters and the production line will be more than 600. After a large number of melt blown lines are put into the market, the follow-up service gap will gradually be revealed to the users. How to ensure that the industry will maintain steady and healthy development after the improvement of the epidemic situation and the recovery of economic life is an important issue for all equipment enterprises.

Industry outlook

The global economy has been hit hard by the new crown epidemic. The IMF IMF predicts that the global economy will shrink by 3% in 2020, which is even worse than that during the -2009 financial crisis in 2008. There is considerable uncertainty in the global economic outlook. The impact of the new crown epidemic on China's economy should not be underestimated. At present, under the premise of normalizing the epidemic prevention and control, rehabilitation is resumed in an orderly way. Many textile machinery enterprises comply with the needs of prevention and control, and carry out technological transformation, expansion and production expansion. Globally, the outbreak of the new crown outbreak may lead to the quickening of the global textile industry transfer and structural adjustment. The adjustment process of the domestic market of textile machinery will continue in 2020, and the recovery of the international market of textile machinery will also be subject to the impact of the global epidemic. In short, in addition to some sub sectors, the textile machinery industry in 2020 is facing the environment of insufficient market demand at home and abroad, and the development of enterprises is facing a test.

But on the whole, the fundamentals of our economy have not changed for a long time. The impact and impact of the epidemic are phased. In helping enterprises, stabilizing employment and expanding domestic demand, various departments and departments have also introduced a series of policies and measures, and now the policy is gradually landing. In the difficult situation, industry enterprises should also establish confidence in development, plan development goals, accumulate strength, and work hard to resolve the effects of various unfavorable factors, so as to prepare for the gradual recovery of the industry.


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