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On February 4, the executive meeting of the State Council reviewed and approved in principle the textile industry adjustment and revitalization plan. The plan puts forward five revitalization measures including coordinating the international and domestic markets, strengthening technological transformation and independent brand building, speeding up the elimination of outdated production capacity, optimizing the regional layout, and increasing fiscal, taxation and financial support. Profile picture) Published by China News Service Jiangsu-Xu Ruiping

Yesterday's executive meeting of the State Council reviewed and approved in principle the textile industry adjustment and revitalization plan. The plan puts forward five revitalization measures including coordinating the international and domestic markets, strengthening technological transformation and independent brand building, speeding up the elimination of outdated production capacity, optimizing the regional layout, and increasing fiscal, taxation and financial support.

In this regard, relevant experts believe that in the short term, measures such as raising the export tax rebate rate to 15% and the central government's construction of special funds to support technological transformation are more substantive.

Help ease the export pressure of enterprises
In an interview with our reporter, Orient Securities analyst Shi Hongmei believes that in the short term, the main measures that are of substantial significance are the increase in the export tax rebate rate to 15% and the central government will build special funds to support technological transformation. "This time I will raise one more point on the basis of the previous two. It will have a certain effect on alleviating the pressure of relevant export enterprises. Theoretically, it is estimated that the industry profit in 2009 may increase by 7% (in fact, foreign merchants will share a part). The profit margin of the industry will be raised by 0.25 percentage point.” She said, “For companies in the industry, those companies with a large export proportion and strong bargaining power are more sensitive to the increase in export tax rebate rates, such as Lu Thai and Jin Feida. , Veken, Shandong Ruyi and other enterprises."

The First Textile Network expects that, regardless of other changing factors, the adjustment of export tax rebates will increase the net profit of the textile industry by approximately RMB 5.7 billion. In 2008, the growth rate of textile and clothing exports was within 5%, and in 2009, there will be a negative growth of 5%-10%. It is estimated that the total export volume of textiles and clothing in 2009 will be around US$167.5 billion. If textile exports continue to decline significantly in the first quarter of 2009, the possibility of a further increase to 17% also exists.

In terms of special funds to support technological transformation and independent brands, Shi Hongmei believes that in the textile industry, enterprises with superior scale, technology, and industrial chain will be supported, while in apparel, enterprises with advantages in brand and sales channels will receive greater support. Of course, the overall quota will not be too much. There are still very few companies that can enjoy "more monks and less porridge". There may be Luthai, Yantai spandex in the textile field, and Metersbonwe, Saint Angelo, and Septwolves in the clothing field.

This year may face a new pattern
Shi Hongmei pointed out: “The revitalization plan focuses on strengthening some things, such as diversifying export markets (such as opening up non-European and European markets), expanding domestic demand, supporting small and medium-sized enterprises, focusing on supporting technological transformation of related industries, building independent brands, and optimizing industrial layout. The significance is to highlight the medium and long-term orientation."

She also believes that the most prominent problem facing the textile industry is the serious homogeneity of production capacity and insufficient domestic and foreign demand. "After all, the decline in foreign demand has to wait for the real economy to recover. The revitalization plan is helpless, and domestic demand is also slowing. If everyone expects a decline in income, it is unlikely that consumption will be liberalized." She said, "From the perspective of the stock market, the subject has always been Being hyped, the market has already reflected in advance, so it is of little significance."

Wang Qianjin, editor-in-chief of the First Textile Network, also told reporters that the essence of the current difficulties in the textile industry is a serious excess of homogenized production capacity. The economic crisis and the sharp decline in external demand have only accelerated this process. At least 30% of excess or backward production capacity needs to be phased out this year and next. While “rescuing” the industry, the government must also focus on the long-term perspective, and adopt a series of policies to encourage the orderly withdrawal of some backward production capacity to prevent future remanufacturing of new potential crises. At the same time, it must also vigorously support the merger and reorganization of truly powerful companies to improve the industry. Concentration, in 2009, the textile industry will be reborn in the fierce elimination and create a new pattern.

According to the latest information released by the Ministry of Industry and Information Technology, last year the textile industry was affected by insufficient external demand, resulting in sluggish production, hindered exports and declining efficiency. The added value of the textile industry for the whole year increased by 10.3% over the previous year, the growth rate fell by 6.2% year-on-year, and the export delivery value increased by 4.7%, a drop of 9.5%. In the first November, the textile industry achieved a profit of 102.6 billion yuan, an increase from a 36.9% increase in the same period last year to a decrease of 0.7%. Among them, the textile and clothing industry profits increased by 9.3% and 13%, and the chemical fiber industry profit fell by 74.9%; It was 22.13 billion yuan, a year-on-year increase of 97.7%, with a loss of 20.4%. (Shanghai Securities News)