Status quo of textile machinery industry in 2016

By+Shen+Da

Main indicator of the industry

Scale of the industry

From January to December， 2016， textile machinery industry realized main business income of 115.852 billion yuan， an increase of 0.51%； total assets of 101.14 billion yuan， up by 1.8% year on year.

Cost structure

In 2016， gross cost turned out to be 108.767 billion yuan， an increase of 0.24%. Among them， main business cost was 98.334 billion yuan， a slight growth of 0.44%， with the proportion of 90.14%； operating expenses reached to 3.104 billion yuan， a year-on-year decrease of 1.74%， with the proportion of 2.85%； administrative expenses amounted to 6.183 billion yuan， down by 1.19%， with the proportion of 5.68%； financial cost registered to 1.141 billion yuan， a decrease of 3.79%， with the proportion of 1.05%.

Profitability

Total profits of the textile machinery industry realized 7.83 billion yuan， with a year-on-year increase of 8.73%； while the losses of loss-making enterprises registered 605 million yuan， with an amazing plummet of 25.87%. The percentage of business suffering losses of the industry reached 13.44%.

Investment

The fixed investment amounted to 29.922 billion yuan， a year-on-year increase of 10.47%， with the proportion of 2.33% of the whole textile industry， up by 10.43 percentage points year on year.

Imports and exports of textile machinery products

Chinese Customs released that Chinas total exports and imports of textile machinery amounted to 5.551 billion dollar， down by 8.08% year on year. Among them， textile machinery achieved exports of 2.98 billion dollar， falling by 3.54%； imports of 2.571 billion dollars， a year-on-year decrease of 12.84%.

Import

Import summary of textile machinery products

From January to December， China has imported textile machinery from 65 countries. Form the product category， auxiliary device as well as spare and accessory parts ranked first， with total imports of 587 million dollar， an increase of 4.11%， which accounted for 22.84% of the total. The import of auxiliary device as well as spare and accessory parts， non-woven machinery and knitting machinery saw positive growth， with the growth of 4.11%， 2.21% and 5.81% respectively.

Major countries and regions for Chinas imports of textile machinery

Chinas imports of textile machinery are mainly from Germany， Japan， Italy， Chinas Taiwan and Belgium， with total trade value of 2.061 billion dollar， down by 16.03%， accounting for 80.15% of the total.

Overview of import regions in China

Chinas 28 provinces and autonomous regions have a different number of imports. Jiangsu， Zhejiang， Guangdong， Shanghai and Shandong ranked the top five in terms of total import value， accounting for 80.35%. Jiangsu Province ranked first with total import value of 735 million dollar， with a decline of 14.86%， accounting for 28.60%.

Export

Exports of textile machinery products

In 2016， the knitting machinery ranked first with exports of 920 million dollar， up by 0.77% year on year， occupying 30.88%， which was followed by dyeing and printing as well as finishing machinery， auxiliary device as well as spare and accessory parts， spinning machinery， weaving machinery， chemical fiber machinery， and non-woven machinery. The knitting machinery saw the largest decrease of 28.90%.

Major trading partners in exports

Chinas textile machinery were exported to 178 countries and regions. India， Bangladesh， Vietnam， Pakistan， Indonesia ranked the top five， which were the major countries and regions for the export of Chinas textile machinery. The export to those countries accounted for 53.31% of the total. The export to India reached to 609 million dollar， down by 2.38%， accounting for 20.42%.

Overview of export regions in China

Chinas 31 provinces and autonomous regions have a different number of exports. As for total export value， the top five ones accounted for 78.66%， which were Zhejiang province， Jiangsu province， Shanghai city， Guangdong province and Fujian province.

In summary， the economic operation of textile machinery industry still kept a downward trend， with all kinds of indicators hovering at a low level， and the import and export suffered year-on-year decrease. The textile machinery enterprises increased R&D in intelligent manufacturing， and domestic textile equipment manufacturing enterprises gradually extended to the downstream service， to provide maintenance and support of product lifecycle， and to provide personalized design， e-commerce， as well as other forms of service.

For the international market， South Asia， India， Bangladesh， Vietnam， Pakistan， Indonesia and other countries are still the main destinations of Chinas textile exports.

In spite of a good start in 2017， it doesnt mean that it will bounce back soon， for the current economic downward pressure is still large， and the uncertainty of the external environment is still grim.

It is essential to improve the vitality of the micro economy by expanding the aggregate demand， increasing the order of enterprises， promoting the reform of the supply front， reducing the comprehensive cost， as well as improving the profitability of enterprises.