2014 Textile Enterprises Continue To Shuffle, Exacerbating The Speed Of Overseas Expansion.

In 2013, with the slow recovery of exports, the decline in the cost of raw materials, and the low base effect, the textile manufacturing industry showed a recovery trend. Especially after the cotton textile industry was digested with high priced cotton, the gross profit rate rose, and profits increased sharply on the basis of last year's low base. It also drove the overall profit growth of the banking industry. The profit growth of the textile manufacturing sub sectors was much better than that of the clothing home textile sub industry. "P"

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At the same time, the reshuffle of textile manufacturing industry intensified. In 2013, the listed textile enterprises were frequently backdoor by energy, electronics and other popular enterprises, and the pformation industry made the valuation, market value and profits of enterprises improved.

Influenced by high cost factors such as domestic raw materials and labor, more and more textile enterprises choose to build factories and expand production in the third world countries.

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< p > analysts pointed out that 2014 textile manufacturing industry will continue to recover trend, environmental protection policies are becoming increasingly stringent, leading enterprises will increasingly consolidate their dominant position, industry reshuffle will continue, and with the introduction of new cotton policy, domestic cotton prices will decline, domestic textile enterprises will accelerate overseas expansion, and Chinese textile enterprises will further enhance their international competitiveness.

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< p > < strong > Listing < a href= "//www.sjfzxm.com/news/index_c.asp > > textile enterprise < /a >" sell shell tide ", 2014 shuffle continuation < /strong > /p >

< p > a few days ago, Huafang textile was approved by the shareholders' meeting by the Jiahua energy backdoor scheme. The restructuring plan of Fujian Nanfang and Huarun Jinhua was accepted by the SFC, while Chinese clothing was approved by the securities and Futures Commission by the Yanfeng share back door scheme, and there are many listed textile enterprises reorganized.

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< p > 2013 three quarterly report shows that the above textile business of backdoor enterprises has fallen to the bottom.

Insiders pointed out that the textile industry is currently fragmented and the terminal is in recession. At this time, the industry will shuffle and eliminate backward production capacity. This phenomenon of backdoor and merger will continue in 2014.

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< p > an industry analyst pointed out that the reorganization of M & A has always been welcomed by the capital market, and the textile manufacturing industry is accelerating pformation and upgrading. With the global industrial pfer, the poor managers in the textile industry belonging to the low-end manufacturing industry will be eliminated in succession, and the Ma Tai effect will become increasingly evident.

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Enterprises that are hovering on the edge of losses are gradually withdrawing from the market, while the position of leading enterprises with large scale and high technology is becoming more and more stable in P.

The leading companies in the three quarter, such as A, 000726.SZ, 601339.SH, 000982.SZ, and 002042.SZ, have shown a significant increase in their performance.

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< p > many people familiar with the matter have confirmed to the great wisdom news agency that the cotton policy of 2014/2015 will be implemented in Xinjiang, and the cotton subsidy policy will be implemented in the whole country.

Analysts pointed out that Lutai A, Huafu color spinning, Bailong orient and 002394.SZ share will benefit from Cotton Subsidy Policy for a long time, and domestic cotton prices will return to the market, which will help to reduce the difference between domestic and foreign cotton prices and enhance the international competitiveness of Chinese enterprises.

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< p > "in the short term, enterprises may face the risk of falling prices of raw materials, reducing the price of products, and increasing competition among small and medium-sized textile enterprises."

The personage says, cotton price should fluctuate in the short term, large enterprise quota is much, can use futures market to hedge risk, or more beneficial.

At the same time, the rising labor costs and the poor cotton prices at home and abroad make the relative price advantage of Chinese textiles obviously weakened. The small profit cotton textile enterprises are facing great pressure, and orders are more focused on leading enterprises with cost control and technological research and development advantages.

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< p > < strong > dividend policy has long been favored by leading enterprises. < /strong > < /p >

< p > environmental protection policies in various sub sectors are becoming more and more stringent. Many SMEs are forced to withdraw from the market due to cost constraints, and their orders are increasingly concentrated on leading enterprises.

For example, the market share of 600448.SH and 002674.SZ is expected to be further improved.

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Chen Zhanguang, Deputy Secretary General of the China Leather Association, told the wisdom news agency at the end of November, "the access conditions for leather industry" (hereinafter referred to as the "conditions") is soliciting opinions, and is expected to be released in 1-2 months as soon as possible in November. P

The leather industry has recently welcomed the tightening policy of the industry. In addition to the conditions that the Ministry of industry and Commerce will launch, the Ministry of environmental protection is about to issue the "water pollution standard for leather and fur processing industry" (hereinafter referred to as the "standard").

"Standards" and "conditions" are all leather products, not involving PVC or PU artificial leather.

Among them, conditions are clearly defined as administrative policies, and the standards are mandatory national technical standards.

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< p > Su Chaoying, chairman of China Leather Association, told the great wisdom news agency that the environmental protection policy of the industry seems to be more severe, which will stimulate the integration of industries.

Orders are expected to flow to large enterprises with standardized operation.

Chen Zhanguang said that the environmental requirements of the standards and conditions were very strict, and some articles were higher than those of developed countries in Europe and America.

Therefore, the two policies will standardize small businesses, which is a good thing for large enterprises.

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< p > a brokerage industry analyst believes that the next few years will be the leading tannery enterprise to accelerate the development period.

The upgrading of the downstream brand shoe industry will enhance the market share of leading enterprises in environmental protection, R & D and scale.

And environmental policy is tightening, backward production capacity will be eliminated, credit, land and other supporting policies are tilted to high-quality enterprises, and benchmarking enterprises will become the biggest beneficiaries of policy regulation.

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< p > in addition, the printing and dyeing industry is also a heavy polluting industry. In January 1, 2013, the discharge standard of pollutants in textile dyeing and finishing industry triggered industrial shock.

China Textile Industry Federation survey found that a large number of enterprises can not meet the standard requirements, and China Textile shares are among the few qualified enterprises.

Market participants have told Da wisdom news agency that the industry consolidation is inevitable if the environmental protection policy of the printing and dyeing industry is strictly enforced.

In the medium and long term, scale enterprises will share the advantages of outgoing production capacity and market integration.

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< p > Hua Hua as a a href= "//www.sjfzxm.com/news/index_c.asp" > printing and dyeing industry < /a > energy saving and emission reduction demonstration unit and the first batch of access enterprises of the national dyeing and printing industry. Close to the company, people said that at the beginning of the listing, Hua textile increased its environmental protection investment and built the leading printing and dyeing wastewater treatment facilities in China. The self application of cold pad batch dyeing of cotton fabrics and low temperature bleaching technology of cotton fabrics greatly reduced the consumption of resources and pollutants, and increased the concentration of industries that were benefited from strict environmental policies.

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< p > < strong > leading enterprises speed up < a href= > //www.sjfzxm.com/news/index_c.asp > overseas expansion > /a > enhance international competitiveness < /strong > /p >

< p > Baron East has announced an additional investment of 150 million US dollars to Vietnam subsidiary, which means that the company's capacity is accelerating to Southeast Asia.

After another inspection, another color spinning head Huafu color spinning announced in the near future that it would invest 136 million US dollars to set up a colored spinning production enterprise in Vietnam.

Recently, a number of listed textile companies or related parties have announced plans for investment in Southeast Asia, and the overseas pfer of China's textile manufacturing industry has become a general trend.

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< p > cost forcing textile enterprises to invest heavily in Vietnam to build factories.

Some analysts believe that with the introduction of Cotton Subsidy Policy in 2014, domestic and foreign cotton prices narrowed until convergence, a big driving force for overseas expansion of textile enterprises may be weakened, but domestic labor, environmental protection and land costs will continue to grow, and the trend of pferring production bases to foreign countries will not change.

With the gradual release of overseas capacity, the profitability of the company can be enhanced, and the international competitiveness of Chinese textile enterprises will be improved as a whole.

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"P", which owns the upstream and downstream industry chain, and has global competitiveness in the leading color and fabric leading enterprise, said that the Kampuchea garment factory has 3 million design capacity and plans to put into operation in the three quarter of 2014. The benefit is expected to be reflected in 2015. "A

An analyst pointed out that the company's future overseas shirt production capacity is expected to continue to expand, to ensure sustained growth of the company's performance.

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< p > but at the same time, it should not be overlooked that there is still a lot of risk in overseas factories, such as lack of understanding of the local environment and lack of effective management, resulting in low labor productivity.

600439.SH, the world's leading manufacturer of hair products, has built 25 million production lines of chemical fiber clockwork and chemical fiber braid in Africa. It has been put into operation in part, and the first production line in Kampuchea has also been put into operation and contributed to profits.

The company insiders told the great wisdom news agency that at present, the company's Kampuchea plant has 400 workers, but the labor productivity is lower than that of the domestic. The output of single workers is only half as high as that of domestic workers, and there are similar situations in African factories.

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