Changxin Textile Industry To Achieve Full Coverage Of Equipment Renewal

After years of pformation and upgrading, the textile industry in Changxin has achieved full coverage of the equipment, including 72 thousand water jet looms basically upgrading, and more than 500 new warp knitting machines introduced. Meanwhile, the added value of products has been significantly improved, and the pformation and upgrading effect has been highlighted.

In the 1-2 month of this year, the output value of modern textile industry in the county was 6 billion 24 million yuan, up 22.45% from the same period last year, higher than the 24.67 percentage points of the same period last year. The profit was 350 million yuan, an increase of 25.6% over the same period last year, which is 9.16 percentage points higher than that of the same period last year.

Among them, the chemical fiber industry was affected by the continuous recovery of crude oil prices, the product price increased by nearly 1000 yuan / ton, during the same period, Tong Kun two phase reached production, increased 400 thousand tons of capacity, the industry continued to expand production increments.

Affected by the improvement of printing and dyeing industry in Shaoxing and the favorable factors of raising the price of dyeing and printing, orders for 12 printing and dyeing enterprises in the county continued to increase.

Home textiles and apparel industry is booming.

Dong Zheng

Driven by the terminal products, the industry is developing rapidly.

The weaving (nonwoven) industry has accelerated the implementation of the "going global" strategy. Through the establishment of distribution points and brand names overseas, the inventory and capacity have been effectively realized, and production and sales have been greatly improved. The output value of 4 billion 27 million yuan in 1-2 months has increased by 24.73% over the same period last year.

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In the case of high inventory of Listed Companies in textile and garment industry, some companies have begun to control inventory. However, some companies are still facing the problem of inventory.

The domestic demand market is relatively low, which is the most fundamental demand problem that has not yet been resolved.

The data compiled by the flush show that as of April 5, 2016, the total inventory of 32 textile and garment industry listed companies increased from 2011 to 2015 in the 5 years, increasing by 18 billion 588 million yuan, 19 billion 349 million yuan, 20 billion 259 million yuan, 21 billion 51 million yuan and 22 billion 209 million yuan respectively.

If the inventory growth rate was calculated from 2011 to 2015, the total inventory of 22 billion 209 million yuan in 2015 increased by 19% over the 18 billion 588 million yuan in 2011.

"The growth of inventory in textile and garment industry is related to the continuing downturn in demand environment."

According to the analysis of the personages in the industry, at present, the spirit consumption and the pursuit of high performance price ratio have become the trend of consumption, while the popularity of the Internet and electric business, and the new business mode give consumers more information and choice, which greatly squeezes the survival space of the traditional garment industry and enhances the competition of the garment industry.

Statistics show that the above 32 textile and garment industry listed companies have 28 companies inventory over 100 million yuan, accounting for nearly 90%.

Among them, seven wolves inventory growth for 4 consecutive years.

Statistics show that in the 4 years from 2012 to 2015, the stock of the company was 566 million yuan, 657 million yuan, 743 million yuan and 843 million yuan respectively.

If the inventory growth rate was calculated from 2012 to 2015, the company's inventory of 843 million yuan in 2015 increased by 49% compared with the 566 million yuan in 2012.

According to the annual report of seven wolves, the company's inventory balance at the end of 2015 amounted to 1 billion 325 million yuan, the total provision for depreciation was 482 million yuan and the book value was 843 million yuan.

Among them, in the huge inventory, the highest proportion is the seven wolves inventory goods, the end of the book balance is 936 million yuan, the provision for depreciation is nearly 400 million yuan.

Insiders analyzed that the biggest reason for the seven wolf assets impairment is the unsalable inventory.

Seven wolves said that in 2015, the company faced with a weak external economic environment, but also faced with rapid changes in the retail consumption situation, requiring companies to constantly carry out restructuring and reform, and seek breakthroughs in the adjustment.

However, although the main business mode of the company needs to be changed, it can not be achieved overnight.