Mid 2012 Apparel Industry Boom Index

< p > in the four quarter of 2012, the "a" href= //www.sjfzxm.com/ target= "_blank" > clothing < /a > industrial prosperity index was 96.7, which was basically the same as last quarter, ending the 5 consecutive quarterly downward trend.

The early-warning index of the apparel industry was 83.3, up 6.6 points from the previous quarter, rising for the 3 consecutive quarter, and has rebounded to the "green light zone" this quarter.

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< p > the fourth quarter, the overall prosperity of the garment industry has stabilized. Sales in the industry have improved. Many indicators such as exports, production, domestic sales, investment and so on are all better than those in the previous quarter. The business efficiency has recovered at a low level, and the number of employees has stabilized.

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< p > < strong > the end of the prosperity index "five successive falls" < /strong > < /p >

< p > in the four quarter of 2012, the prosperity index of the clothing industry in China was 96.7 (the growth level of =100 in 2003), basically unchanged from the previous quarter, ending the 5 consecutive quarterly downward trend.

Although the rally was small, signs of stabilization appeared.

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< p > in the 6 indicators of clothing industry prosperity index (excluding seasonal factors and reservations of stochastic factors), the sales revenue, total tax volume, fixed asset investment and clothing export growth rate of garment industry all increased faster than that of the previous quarter; the total profit volume of garment industry and the number of employees increased steadily.

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< p > after further eliminating the random factors, the prosperity index of the apparel industry in the fourth quarter was 95.9 (see the blue curve of the apparel industry climate index chart), which was 0.8 lower than the business climate index (see red curve) which did not exclude random factors, indicating that the endogenous growth momentum of the garment industry has also been enhanced, but its rebound strength is still not strong.

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< p > < strong > warning index increased to "green area" < /strong > /p >

< p > fourth quarter, the warning index of clothing industry in China was 83.3, up 6.6 points from the previous quarter, and the index is now rising to the "green light district".

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< p > < strong > production growth continued to slow down < /strong > < /p >

< p > after initial seasonal adjustment, China's clothing output in the fourth quarter was 7 billion 240 million, an increase of 4.1% over the same period last year, and the growth rate slowed down 3.6 percentage points compared with the previous quarter.

The overall boom of the apparel industry in the fourth quarter has stabilized. Sales in the industry have improved and profit growth has picked up. However, the impact of the factors such as the fact that inventory adjustment has not yet ended has yet to regain its momentum.

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< p > < strong > the signs of warmer demand are beginning to show < /strong > /p >

< p > after preliminary seasonal adjustment, the main business income of the apparel industry in the fourth quarter was 402 billion 440 million yuan, an increase of 12.1% over the same period last year, and the growth rate was 2.5 percentage points faster than that in the previous quarter.

The sales revenue of garment industry has been down for 5 consecutive quarters before the end of this quarter.

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< p > < strong > export decreased from < /strong > < /p >.

< p > after initial seasonal adjustment, the export volume of clothing in the fourth quarter was 44 billion 140 million US dollars, up 11.5% from the same period last year.

Although garment export growth has increased in the current quarter, the foreign trade situation is still hard to say.

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< p > on the one hand is the downturn in the international market, the impact of the European debt crisis is still there; on the other hand, the cost of domestic production factors continues to rise, the RMB exchange rate is rising, many orders are pferred to emerging market economies in Southeast Asia, and domestic export enterprises are facing new difficulties and challenges.

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< p > recent emerging markets can not replace the market position in Europe and the United States. The economic recovery in developed countries is weak, consumer confidence is frustrated, and there is a significant negative impact on demand. It is estimated that the euro zone will continue to slow down or zero growth in 2013, and the export situation of the garment industry is hard to say.

The export value of garment industry accounted for 30.3% of the main business income in the quarter, down 5.1 percentage points from the previous quarter.

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< p > < strong > price increase slowed down < /strong > < /p >

< p > fourth quarter, the producer price of garment industry increased by 1.8% over the same period last year, or basically the same as that of the previous quarter.

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< p > the improvement in the sales situation of the clothing industry is expected to stabilize prices and pick up prices, and the driving force for the acceleration of price declines has obviously weakened.

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< p > < strong > continuation of the inventory process < /strong > < /p >

< p > after the initial seasonal adjustment, as of the end of the fourth quarter, < a href= "//www.sjfzxm.com/news/index_c.asp" > garment industry < /a > finished product capital was 71 billion 10 million yuan, up 7.8% over the same period last year, the growth rate slowed down 7.9 percentage points over the previous quarter, and 4 consecutive quarters of decline.

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< p > < strong > profitability improved significantly < /strong > < /p >

< p > after preliminary seasonal adjustment, the total profit of garment industry in the fourth quarter was 25 billion 10 million yuan, an increase of 8% over the same period last year. The growth rate was 5 percentage points faster than that of the previous quarter. The profit growth ended 6 consecutive quarters of sustained downward trend. The total profit volume rebounded in the current quarter, and the future is expected to continue to grow.

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< p > calculated, the sales profit margin of the apparel industry in the fourth quarter was 6.2%, up 1.3 percentage points from the previous quarter. From the graphical perspective, the annual sales profit rate in the past four years is all high in the year. It has a certain regularity, but the fourth quarter of 2012 is lower than the same level in the previous 3 years, and slightly lower than the average level of 6.5% of the industry in the current quarter.

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< p > < strong > tax growth accelerated < /strong > < /p >

< p > after initial seasonal adjustment, the total tax paid by the apparel industry in the fourth quarter was 13 billion 250 million yuan, up 17.1% over the same period last year, and the growth rate was 11.8 percentage points faster than that in the previous quarter.

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< p > < strong > capital turnover is stable < /strong > < /p >

< p > after initial seasonal adjustment, as of the end of the fourth quarter, the garment industry accounts receivable amounted to 110 billion 370 million yuan, up 16.7% over the same period last year.

Accounts receivable turnover days fell from 23.7 days in the previous quarter to 23.3 days.

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< p > < strong > investment growth accelerated obviously < /strong > < /p >

< p > after initial seasonal adjustment, the investment in fixed assets of apparel industry in the fourth quarter was 85 billion 430 million yuan, an increase of 29.9% over the same period last year, and the growth rate was 8.8 percentage points faster than that of the previous quarter. After a long decline of 5 quarters, the growth rate was regained.

With the economic environment showing signs of bottoming up, the overall confidence of the apparel industry will have a certain degree of recovery.

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< p > < strong > labor demand stabilized. < /strong > < /p >

< p > after initial seasonal adjustment, as of the end of the fourth quarter, the number of employees in the garment industry was 3 million 350 thousand, down 2.9% from the same period last year. The decline was flat compared with the previous quarter.

The low demand for employment in garment industry has stabilized, indicating that the employment of enterprises is becoming more cautious, and it is difficult to improve significantly.

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< p > < strong > Annotated: < /strong > < /p >

< p > clothing manufacturing industry refers to the < a href= "//www.sjfzxm.com/" target= "_blank" > textile > /a > garment manufacturing industry in the classification of the national economic industry. It refers to the textile industry as the main raw material, tailoring and sewing all kinds of men's and women's garments and children's garments, including the garments made of non self produced materials, and the production of garments in fixed production areas.

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< p > seasonal factors refer to the influence of seasons alternation on data.

Stochastic factors refer to the impact of new policy implementation, natural disasters and other factors on data.

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< p > warning lights are used to describe the status of some important indicators describing the development of the industry by means of traffic lights: red lights are too fast (overheating), yellow lights are fast (partial heat), green lights are normal and stable, light blue lights are slow (partial cold), blue lights are too slow (supercooled), and different index values are given to single indicator lights, and the comprehensive warning index aggregated by them is also shown by 5 light areas, meaning the same as above.

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