How is the financing cost of the textile industry?

How do textile companies feel about tax cuts and losses?

Survey background:

Since last year, from the central government to the local government, various measures have been taken to reduce taxes and reduce costs and reduce factor costs. From January to March, the cost per 100 yuan of main business income of industrial enterprises above designated size was 85.25 yuan, a decrease of 0.15 yuan year-on-year. How do textile companies feel?

Textile companies feel:

In the survey, the reporter asked the companies surveyed to rank the cost burden, and the labor costs were almost in the top three. How high is the labor cost? For example, Song Dewu, chairman of Jilin Chemical Fiber Co., Ltd., has 11150 employees in Jilin Chemical Fiber, with an average annual labor cost of over 70,000 yuan.

In addition, Song Dewu said that in some regions, industries, and even raw material speculation, there are more speculators, but the recent control is still OK. “A part of the burden is mainly the transportation of raw materials, and the downstream industries of textile raw material production are mainly concentrated in the south.”

Is it desirable for textile companies to take off from reality?

Survey background:

State Council Development Research Center of Industrial Economics Research Department Zhao Changwen said the financial and real estate industries with high profit margins, industry compensation structure imbalances siphon effect, resulting in a variety of innovative elements, factors of production to escape the real economy, access to these areas. It is necessary to raise the profitability and attractiveness of the real economy through comprehensive means such as cost reduction, quality improvement, and optimization of the market environment, so that the industry has a future.

Textile companies feel:

"More than 10,000 people are not maintained by real estate speculators." Song Dewu does not intend to invest in real estate. "We are now the world's largest producer of acrylic and rayon, and national industries need old state-owned enterprises. The manufacturing industry should focus on the industry and lay a solid foundation." , speed up the upgrade, adapt to grasp and lead the new normal ."

Is the problem of "financing financing" in textile enterprises solved?

Survey background:

Whether the investment bank's loan funds are invested and structured is reasonable, which largely determines the efficiency of the financial services real economy. Qiu Zhaoxiang, a professor at the University of International Business and Economics, believes that commercial banks should be based on revitalizing the real economy, revitalizing loan resources that are deposited in zombie enterprises and inefficient areas, and investing them in the real economy that is in line with the major development strategies of the country and region.

Textile companies feel:

Tianfu Sanyue is a clothing company specializing in style design and fabric research and development. It is closely interacting with many international fashion companies and is developing a production base in Southeast Asia. The trade space continues to expand. However, the identity of private enterprises, the integration of trade and industry, and the simultaneous growth of funds are superimposed, and financing is difficult. “We are advancing with the bank, but the financing methods are mainly real estate mortgages, affiliated company guarantees, procedures increase, and time is lengthened, and the difficulty is increased.” Chairman Ma Weimin suggested that relevant departments and institutions should be particularly concerned about such rigid demand consumer industries, especially autonomy. Enterprises that design, research and develop and enter the international market will receive financial support.

"The situation of state-owned enterprises in financing is slightly better, and private enterprises are even more difficult." Song Dewu, chairman of Jilin Chemical Fiber Group, also introduced that because it is a listed state-owned enterprise, in addition to loans to state-owned and commercial banks, it can also be equity financing. However, in recent years, the competition in the textile industry has become increasingly fierce. The process of enterprise differentiation and internationalization has become more apparent. The stronger the stronger, the weaker the weak. Although the financial cost is not the most urgent issue for Jilin Chemical Fiber, it is difficult to raise funds before 2016, “the improvement has been made this year”.

Is the profit of textile companies improving?

Survey background:

From January to March this year, the total profit of industrial enterprises above designated size increased by 28.3% year-on-year, and the growth rate dropped by 3.2 percentage points from January to February. According to statistics analysis, the main reasons for the decline include rising raw material prices faster than product prices, slowing profits in related industries such as coal, oil and steel, and a high profit base in the same period.

However, compared with the same period of last year, the profit rate continued to rise, and the profit growth structure was optimized. The proportion of the mining industry and the raw material manufacturing industry declined, and the proportion of the consumer goods manufacturing and equipment manufacturing industries increased. Faced with the differentiation of production profits of different industries and enterprises, the key is to focus on industrial transformation and upgrading , to form an industrial system with sustainable competitiveness and support, and to promote the formation of a new structure of strategic emerging industries and traditional manufacturing.

Textile companies feel:

"The money in the real economy is not good. We are traditional industries. The textile industry is relatively competitive. Basically, the whole factor is market-oriented. In the previous period, the gross profit rate was only 7% to 8%." Song Dewu, Chairman of Jilin Chemical Fiber Not a profit in the past few years.

Since 2014, the company has adjusted its production pattern according to market demand. From more than 1,200 tons of carbon fiber, more than 2,000 tons and 4,000 tons, this year is expected to exceed 8,000 tons. With the increase in the proportion of emerging products, the gross profit margin in the past three years is above 10%, and in 2016 it was 13%.