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1. China's garment production declined slightly, reaching 24.472 billion pieces in 2019
In 2019, my country's apparel industry is under pressure and facing difficulties, adhering to the supply-side structural reform as the main line, actively promoting transformation and upgrading and pragmatic innovation and development, and maintaining a basically stable development under the situation of increasing production and operation pressure situation.
According to data from the National Bureau of Statistics, from January to December 2019, China's garment industry enterprises above designated size completed a total of 24.472 billion garments, a year-on-year decrease of 3.28%, and the rate of decline narrowed 0.09 percentage points from the same period last year. As of January-June 2020, enterprises above designated size in China's apparel industry have completed a total of 9.602 billion garments, a year-on-year decrease of 13.69%, and the rate of decline narrowed by 6.6 percentage points from the first quarter.
(Note: The year-on-year growth rate data is due to changes in the number of enterprises above designated size, and the statistical caliber is different every year. The year-on-year data are all production data of enterprises above designated size for the same year).
2. The operating efficiency of China's garment industry has declined, and the loss of enterprises has increased
Due to the overall weak economy since 2019, the apparel export and domestic sales markets have performed poorly. In addition, high manufacturing costs, order transfers, weak growth in ex-factory prices, and inventory growth have led to a serious compression of profit margins for apparel companies, and the growth rate of performance indicators for the apparel industry There is a clear downward trend, the pressure on corporate profitability has increased significantly, and the improvement of operational quality has become more difficult.
According to data from the National Bureau of Statistics, from January to December 2019, there were 13,876 enterprises above the designated size (annual main business income of 20 million yuan and above) in the apparel industry, with a cumulative operating income of 1601.033 billion yuan, a year-on-year decrease of 3.45%; total profits of 87.283 billion yuan Yuan, a year-on-year decrease of 9.75%.
As of January-June 2020, there are 13,145 enterprises above the designated size (annual main business income of 20 million yuan and above) in China's apparel industry, with a cumulative operating income of 577.634 billion yuan, a year-on-year decrease of 16.39%, and a decrease of 7.07 compared to the first quarter. Percentage points; total profit was 23.532 billion yuan, a year-on-year decrease of 27.34%, and the rate of decline narrowed by 16.16 percentage points from the first quarter; operating income margin was 4.07%, down 0.62 percentage points from the same period last year.
In 2019, the industry's losses and total losses increased significantly compared with 2018. 13,876 apparel companies above designated size had losses of 2,225, with losses of 16.03%; total losses of loss-making enterprises reached 7.922 billion yuan, an increase of 40.39% over the same period in 2018. .
3. The quality and efficiency of China's clothing operation continues to be under pressure, and the pressure on clothing exports is increasing
In 2019, the main quality and efficiency indicators of the apparel industry showed a year-on-year decline. The three-cost ratio of clothing enterprises above designated size was 8.91%, an increase of 0.2% over the same period in 2018; the operating income margin was 5.45%, a decrease of 0.38% over the same period in 2018. The finished product turnover rate was 14.51 times/year, a year-on-year decrease of 3.78%; the current asset turnover rate was 2.26 times/year, a year-on-year decrease of 5.44%; the total asset turnover rate was 1.35 times/year, a year-on-year decrease of 3.57%.
Note: The total asset turnover rate in 2019 is 1.35 times per year.
Affected by factors such as sluggish international market demand, escalating Sino-US trade frictions, and increasingly fierce market competition, my country's clothing exports have declined significantly, and the international market structure and domestic regional layout have accelerated adjustments. According to China Customs statistics, from January to December 2019, my country's clothing exports showed a trend of both volume and price decline. Clothing and clothing accessories exports were US$153.453 billion, a year-on-year decrease of 3.74%; the export volume was 29.84 billion pieces, a year-on-year decrease of 2.98%; the average export unit price was 3.96 USD/piece, a year-on-year decrease of 1.98%.
As of January-June 2020, China has completed exports of clothing and clothing accessories totaling US$53.644 billion, a year-on-year decrease of 19.42%, and the rate of decline narrowed by 0.76 percentage points from the first quarter.