Status quo of China’s textile machinery industry in 2018

Economic benefits

Since 2018， the textile machinery industry has promoted industrial upgrading in depth， and made progress in many aspects， such as new high efficiency， low energy consumption， flexibility， automation， digitization and intellectualization. Technological innovation and structural adjustment have supported the stable growth of the industry， and the overall operation quality and efficiency are good， but the growth rate of the industry is slowing down.

Industry scale

In 2018， the textile machinery industry realized 91.169 billion yuan in main business income， an increase of 8.82% over the same period of last year， a decrease of 0.82 percentage points over the same period of last year， a decrease of 3.29 percentage points over the third quarter， and a decline in the growth rate. The total assets of the industry were 101.796 billion yuan， an increase of 6.55% over the same period of last year， and a decrease of 3.93 percentage points over the same period of last year.

Cost structure

In 2018， the total cost of textile machinery industry was 84.893 billion yuan， an increase of 8.65% compared with the same period last year. Among them， the main business cost increased 8.91% to 75.131 billion yuan， accounting for 88.5% of the total， the operating cost increased 7.79% to 3.046 billion yuan， accounting for 3.59% of the total and the management cost increased 10.47% to 6.009 billion yuan， accounted for 7.08% of the total， while the financial cost was 708 million yuan， which decreased by 19.94% compared with the same period last year and accounted for 0.83% of the total. The ratio of three fees decreased slightly.

Profit

In 2018， the total profit of textile machinery industry was 6.833 billion yuan， an increase of 5.12% compared with the same period last year， the loss of loss-making enterprises was 338 million yuan， an increase of 20.14% compared with the same period last year， and the percentage of loss-making enterprises was 13.37%. In 2018， the profit margin of main business income of textile machinery industry was 7.50%， which was 0.22 percentage points lower than that of the same period last year. With the restructuring of textile machinery industry and the improvement of product technology level， as well as the prosperity of downstream textile industry and the stability of textile export and domestic market， while controlling the growth of cost， the profit level of the industry has improved.