In
the first quarter, the textile industry composite output index grew two
points quarter on quarter to 100.7. Cloth output rose 11.7% from the
previous quarter to 17.64 billion meters, while knitting wool output
slumped 27.9% to 61,000 metric tons (tonnes). Wool fabric output
dropped 19.3% to 107.274 million meters, but silk output surged 46.6%
to 65,000 tonnes. Garment product output amounted to 6.23 billion
units, down 2.6%. Output of chemical fiber products inched up 0.5% to
7.442 million tonnes”.By the end of the quarter, China had 5.7
million people working in the textile industry, up 0.3% from a year
earlier. Employees of the garment making industry edged up 0.7% to
3.849 million, while those of the chemical fiber industry rose 4% to
412,000. The demand for labor in the textile industry is on the rise ..From
January to March, China’s textile industry realized exports of US$47.84
billion, up 29.1% on year and up 9.6% on month. The garment export
amounted to US$31.65 billion, up 23.7% on year and up 9% on month. The
export of chemical fiber industry reached US$4.24 billion, up 55% on
year and up 17.6% on month ..During the three months, sales
revenue of textile products reached RMB566.58 billion, up 26.4% year on
year but down 9.9% quarter on quarter. That of garment products went up
23.3% year on year but down 8.7% quarter on quarter to RMB243.13
billion, while that of chemical fiber products leapt 45.1% year on year
and 4.7% quarter on quarter to RMB108.05 billion ..The textile
industry realized RMB21.96 billion of total profits in the first
quarter, up 88.3% year on year but down 22.8% quarter on quarter.
Profits of the garment industry went up 26.1% year on year but down
11.6% quarter on quarter to RMB12.43 billion, while those of the
chemical fiber industry reached RMB4.11 billion, RMB360 million lower
than the previous quarter ..The textile industry received RMB21.26
billion of fixed asset investment during the first quarter, up 31.8%
year on year but down 55.2% quarter on quarter. Investment in the
garment industry went up 20.7% year on year but down 52.8% quarter on
quarter to RMB13.12 billion, while that in the chemical fiber industry
increased 4.5% year on year but down 49% quarter on quarter to RMB3.61
billion ..The ex-factory price index of textile products reached
105.5 in the first quarter (the level in the same period of the
previous year = 100), up 4.4 points from a quarter earlier. The
ex-factory price index of garment products went up 1.5 points to 101.2,
while that of chemical fiber products surged 14.2 points to 115.5 ..By
the end of the first quarter, the textile industry had total accounts
receivable of RMB152.7 billion, up 10.8% year on year, which was 1.8
percentage points higher than the previous quarter. The figure for the
garment industry was RMB76.28 billion, up 9.8% year on year, two
percentage points narrower than the previous quarter, while that of the
chemical fiber industry rose 7.9% to RMB17.58 billion, and the growth
was 1.2 percentage points higher than the previous quarter ..The
fund position of finished products reached RMB100.59 billion by the end
of the first quarter, down 3% on year; that of garment making industry,
RMB40.66 billion, down 1.3%; and that of chemical fiber industry,
RMB20.33 billion, up 21.6% ..Some 20% of textile enterprises
suffered losses in the first quarter, up 3.7 percentage points from the
previous quarter. The losses amounted to RMB4.02 billion, down 34.1%
year on year. As for the garment industry, loss coverage hit 21.1%, up
0.6 percentage points on quarter, with losses totaling RMB1.98 billion,
up 5.7% on year. Loss coverage of the chemical fiber industry reached
20.4%, up 2.8 percentage points on quarter, with losses of RMB770
million, increasing RMB460 million on quarter .

Date:6/14/2010

Source:Fibre2fashion