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In the first half of 2021, facing the complex development environment at home and abroad, China's textile industry fully implemented the decisions and arrangements of the Party Central Committee and the State Council, continued to consolidate and expand the achievements of epidemic prevention and control and the stable situation of production and operation, kept the industrial cycle unblocked, the prosperity of the industry rebounded to a high level, steadily improved enterprise benefits, restored investment confidence and steadily rebounded main operating indicators, The overall economic operation situation is stable and strengthened. Especially when the epidemic situation at home and abroad has been repeated, China's textile industry has shown strong development toughness, ensuring the complete and stable operation of the industrial chain and supply chain. Looking forward to the whole year, the development situation faced by the textile industry is still complex, there are many unstable and uncertain factors, and maintaining stable operation throughout the year still faces many tests.

The prosperity of the industry has risen to a high level

The production situation continued to improve

Since 2021, with the overall stability of domestic epidemic prevention and control situation and the good recovery of domestic and foreign markets, the prosperity and capacity utilization level of the textile industry have continued to improve steadily. According to the survey data of China Textile Industry Federation, the prosperity index of China's textile industry in the second quarter of 2021 was 65.4, above the 50 boom and bust line for five consecutive quarters, an increase of 8.3 percentage points over the first quarter of 2021, the highest level since 2012, reflecting a significant improvement in business confidence and prospect expectations. According to the data of the National Bureau of statistics, in the first half of the year, the capacity utilization rates of the textile industry and the chemical fiber industry were 79.7% and 86.1% respectively, both higher than the national industrial level of 77.9% in the same period, and 9.4 and 9 percentage points higher than the same period in 2020.

The production situation continued to improve. According to the data of the National Bureau of statistics, in the first half of the year, the added value of the national textile industry above designated size increased by 9.6% year-on-year. Based on the first half of 2019 (the same below), it increased by an average of 1.1% in two years. The production situation in the main links of the industrial chain picked up comprehensively, and the growth rate of industrial added value in more than half of the links reached more than 10%.

The domestic demand market has gradually improved

The export situation has obviously warmed up

Since 2021, China's national economy has been steadily improving, driving the steady release of consumption potential. Driven by many holidays in the first half of the year, the domestic demand market for textiles and clothing has recovered steadily, enhancing the pulling effect on the steady recovery of the industrial economy. According to the data of the National Bureau of statistics, in the first half of 2021, the sales of clothing, shoes and hats and knitwear and textiles above the national quota increased by 33.7% year-on-year, with an average increase of 3.7% in two years. The vitality of online retail has been continuously stimulated, and the market activity of "small and beautiful" independent brands, "Guochao" brands and leisure sports brands has increased. In the first half of the year, the retail sales of online wear commodities in China increased by 24.1% year-on-year, 27 percentage points higher than that in the same period of the previous year, with an average increase of 9.8% in the two years.

Under the situation of repeated global epidemics, China's export enterprises have increasingly strengthened their response ability, demonstrated good anti risk ability, and the export of textiles and clothing has maintained a good growth. According to the data of China Customs express, the total export amount of China's textiles and clothing in the first half of 2021 was US $140.9 billion, a year-on-year increase of 12.1% and an average increase of 6.2% in the two years. Driven by the recovery of overseas terminal market demand and the gradual diversification of export channels, the garment export situation continued to improve. In the first half of the year, the cumulative export amount reached US $71.53 billion, a significant increase of 40.3% year-on-year and an average increase of 4.4% in two years. The proportion in the total textile and garment export increased from 40.8% in the same period of last year to 51.1%. This year, with novel coronavirus pneumonia vaccination rate increasing, demand for anti epidemic materials has dropped, and the amount of textile exports has been reduced. The total export volume in the first half of this year was 68 billion 560 million US dollars, down 7.4% from last year, and 8.1% on average for two years.

Continuous improvement of quality and benefit

Development confidence picked up steadily

According to the data of the National Bureau of statistics, in the first half of the year, 33000 Textile Enterprises above Designated Size achieved a cumulative operating revenue of 234349 billion yuan, a year-on-year increase of 20.3%, an increase of 36.7 percentage points over the same period of the previous year, and an average increase of 0.3% in the two years; The total profit was 107.89 billion yuan, a year-on-year increase of 41.1%, 60.1 percentage points higher than that in the same period of last year, with an average increase of 6.9% in the two years. The recovery of enterprise profitability was accelerated. In the first half of the year, the operating revenue profit margin of textile enterprises above designated size was 4.6%, an increase of 0.7 and 0.5 percentage points respectively over the same period of last year and the first quarter of this year. The operating revenue of the main links of the industrial chain increased year-on-year. In the first half of the year, the operating revenue of the textile industry, chemical fiber industry and garment industry increased by 18.9%, 35% and 13% respectively year-on-year. The profit of more than 60% of the links increased by more than 30%, of which the total profit of the chemical fiber industry increased significantly by 387.8% year-on-year due to the rise of commodity prices and the low base factor in the same period of last year. The connection between production and marketing became smoother, and the operation quality continued to improve. In the first half of the year, the turnover rate of finished products and the turnover rate of total assets of textile enterprises above designated size were 13.2 times / year and 1.1 times / year respectively, accelerating by 22.6% and 14.2% year-on-year respectively; The proportion of three fees was 6.8%, a decrease of 0.5 percentage points over the same period last year.

Confidence in the development of textile enterprises continued to increase, and investment picked up steadily. According to the data of the National Bureau of statistics, in the first half of the year, the completed investment in fixed assets in China's textile industry, chemical fiber industry and garment industry increased by 15.2%, 16.6% and 5.8% respectively year-on-year, with a significant increase of 37.6%, 33.5 and 43.7 percentage points respectively compared with the same period of the previous year. From the perspective of regional distribution, the investment in the whole industrial chain in Shandong Province, Jiangsu Province and Zhejiang Province in the east of China has achieved positive growth; Investment in the central region showed a restorative growth, especially in Hubei Province, which was greatly impacted by the epidemic.

Uncertainties remain to be resolved

Steady development implies new opportunities

Overall, the economic operation of the textile industry continued to recover steadily in the first half of the year, laying a good foundation for the smooth operation of the whole year. Looking forward to the whole year of 2021, the economic operation of the textile industry has the supporting factors of continuous reinforcement and improvement. The stable recovery of China's macro-economy and the continuous optimization and balance of employment, income and consumption cycle have provided the most important endogenous driving force for the smooth industrial cycle of the textile industry. Relying on a complete and advanced manufacturing industry system, the export competitiveness of the industry is released stably and has the ability to grasp the opportunity of recovery and recovery in the international market. Based on the new development pattern of "double cycle", the textile industry will actively implement the strategy of expanding domestic demand, further deeply integrate measures such as improving traditional consumption, cultivating new consumption and innovating circulation mode with supply side structural reform, strive to tap the demand potential of domestic and foreign markets, and explore new development space in promoting high-quality development.

At the same time, we should also see that the global epidemic is still evolving, the domestic economic recovery is still unstable, and the development of the textile industry is also facing unstable and uncertain factors. Since this year, the global epidemic has been repeated many times, and the domestic epidemic has rebounded in many places, increasing the uncertainty of market recovery and testing the stability of the production and marketing situation of the textile industry. The price of bulk commodities rose significantly, exceeding the recovery degree of the end market, causing certain production and operation pressure on enterprises in the middle and downstream industries of the textile industry chain. In addition, normalization risk pressures such as structural labor shortage and rising comprehensive costs still need to be resolved.

The textile industry will actively implement the decisions and arrangements of the CPC Central Committee and the State Council, further deepen the supply side structural reform, vigorously promote high-quality development, continue to give full play to the positive role of the textile industry in ensuring stable supply, stimulating the vitality of domestic demand, improving employment and income, and strive to consolidate the foundation for steady and good economic operation, Make positive contributions to the steady and healthy development of China's national economy in the first year of the 14th five year plan.