Textile machinery industry witnessed a substantial growth in exports

By+Zhao+Zihan

According to the National Bureau of Statistics， in 2014， the textile machinery industry realized main business income of 114.71 billion yuan with an increase of 2.37% year on year， and total profi ts of 7.236 billion yuan with a dropping of 692 million yuan year on year. Total imports and exports saw a growth of 4.42%， of which the imports fell by 7.69% year on year， while the exports increased by 24.64% year on year. Investment in fi xed assets showed a year-on-year decreasing of 4.57%， of which the number of new projects declined by 10.37%. The overall operation of the textile machinery industry presented a trend of weak growth.

In 2014， the total costs of textile machinery in- dustry increased by 3.08% year on year to 107.322 billion yuan. Specifi cally speaking， the main business costs were 96.656 billion yuan， an increase of 3.20% year on year， and the proportion of the main business costs to the total reached 90.06%； operating expenses were 3.251 billion yuan， a rising of 5.30% year on year， and the proportion of operating expenses to the total accounted for 3.03%； administrative expenses grew by 0.55% year on year to 6.213 billion yuan， and the administrative costs accounted for 5.79% of the total； the fi nancial costs rose by 1.63% year on year to 1.202 billion yuan， accounting for 1.12% of the total costs.

The industry realized a total profi t of 7.236 billion yuan in 2014， down by 692 million yuan year on year； the loss-making enterprises suffered losses of 690 million yuan， an increase of 49.34% year on year； the range of loss was 13.47%， of which， the provinces of Tianjin， Hebei， Guangdong， Shanghai， and Henan saw a year-on-year higher growth of losses than the industry average.

In 2014， the textile machinery industry investment in f ixed assets amounted to 27.075 billion yuan， down by 4.57% year on year， the proportion of which to the investment in f ixed assets of the textile industry was 2.61%. During 2014， the textile machinery industry saw 337 new projects， a year-on-year drop-ping of 10.37%.

Textile machinery basically achieved a steady development in 2014， in which foreign trade was quite positive with total imports and exports of 7.043 billion USD， an increase of 4.42% year on year. Specifi cally， the exports increased 24.64% year on year to 3.148 billion USD， while the imports declined 7.69% year on year to 3.895 billion USD.

In 2014， the textile machinery imports from 66 countries and regions amounted to 3.895 billion USD， a year-on-year decline of 7.69%.

From the import product categories， the import of chemical fi ber machinery was in the fi rst row with total imports of 965 million USD， a year-on-year increase of 17.43%， of which the synthetic fi ber fi lament spinning machine ranked fi rst with the import value of 592 million USD， a year-on-year jumping of 94.32%， accounting for 61.36% in the total imports of chemical fi ber machinery； the largest year-on-year growth of the total imports of nonwoven machinery reached 42.85%.

The imports were mainly from the countries and regions of Germany， Japan， Italy， Chinese Taiwan， and Switzerland， and the total imports of the top fi ve countries and regions declined 6.82% year on year to 3.296 billion USD， accounting for 84.62% of total imports.

In terms of exports， Chinas textile machinery witnessed a year-on-year rising of 24.64% to 3.148 billion USD in 2014. Specifically speaking， knitting machinery came the fi rst when its exports grew 30.13% to 848 million USD with a proportion of 26.93%， which followed by the auxiliary equipment and spare parts， spinning machinery， printing and dyeing and fi nishing machinery， weaving machinery， chemical fi ber machinery， and nonwoven machinery in sequence. Except the chemical fiber machinery whose export saw a negative growth， the rest were positive growth while the weaving machinery ranked fi rst with a year-on-year growth of 62.24%， in which the rapier loom for over 30cm-width fabric came first with exports of 162 million USD， a year-onyear growth of 48.84%. The exports of rapier loom to India reached 6，983 units， a year-on-year increase of 54.32%， accounting for 45.24%.

Chinas textile machinery products were exported to 177 countries and regions in 2014. The top fi ve countries and regions reached 1.552 billion USD with a year-on-year growth of 30.68%， accounting for 49.30%. India， the fi rst of exports， increased 16.60% year on year to 536 million USD， accounting for 17.02% of all exports.

Along with the rising cost of domestic manufacturing industry， the ASEAN region and the later developing countries have become the investment hot spots for Chinas textile enterprises.