Sichuan Textile and Clothing Industry Goes Out of Low Ground

In the first half of the year, the province's 567 textile enterprises above designated size achieved an industrial output value of 70.606 billion yuan, an increase of 10.12% over the same period of the previous year; and realized main business income of 67.47 billion yuan, an increase of 18% year-on-year, but a 9 percentage point increase over the first quarter; a profit of 32.5 Billion yuan, a year-on-year increase of 30.6%, a 15.1 percentage point increase from January to March.

The operation in the first half of the year has the following characteristics: First, the economic operation has rebounded month by month. Since the beginning of this year, the cumulative growth rate of main business income in the industry was 6.81% in February, 8.99% in March, 11.49% in April, 13.6% in May, and 18% in June. Second, the overall slowdown in export growth, but clothing increased. Textiles increased by 9.94%, chemical fiber filaments increased by 2.72%, staple fibers increased by 8.94%, silk fabrics decreased by 15.83%, and clothing increased by 65.08%. Third, investment is basically the same as in previous years. In the first half of the year, the province’s textile projects with more than 5 million yuan actually completed investment in fixed assets of 9.525 billion yuan, an increase of 1.16% year-on-year, and the growth rate was lower than the national and western textile industry average growth rate of 13.85, 22.08 percentage points respectively. Total investment accounts for 27.7% of the western region.

In the first half of the year, Sichuan's textile industry realized a total industrial output value of 47.215 billion yuan, a year-on-year increase of 12.25%, a profit of 2.03 billion yuan, a year-on-year increase of 25.3%, and a significant improvement in the quality of growth. The apparel industry realized a total industrial output value of 9.787 billion yuan, a year-on-year increase of 5.9%, a profit of 620 million yuan, an increase of 11%; the chemical fiber industry realized a total industrial output value of 8.832 billion yuan, a year-on-year increase of 5.83% and a profit of 410 million yuan. The growth rate was 161.9%; the total value of industrial output of the silk industry was 14.288 billion yuan, a year-on-year increase of 11.76%, and a profit of 720 million yuan, a year-on-year increase of 31.3%.

In the first half of the year, the province’s textile enterprises above the designated size were in a good state of production and operation. Small and micro enterprises were more difficult. In the textile industry, leading companies such as Huafang Yinhua, China Resources Jinhua, and Zulu Yinhua, with the completion of destocking of yarn, cloth and other products, began to rebound from April. Printing and dyeing enterprises in Suining New Oasis, Mianyang Jialian, Mianyang Jiahe, Yilong, etc. had sufficient orders, and their production and operations were normal. In the chemical fiber industry, production and sales of viscose filaments, viscose staple fibers and other products of Yibin Silkia Group were normal. The company operates smoothly. The small chemical fiber manufacturing enterprises are affected by insufficient market demand. The enterprises are not enough to start up, and their operation is difficult. Due to the superposition of the increase in sales costs and the decrease in sales volume, some enterprises are more difficult to produce and operate.