In the first half of 2010, Shanghai's textile and garment industry experienced a revitalized growth trend, driven by several positive factors such as a stable export market, improved domestic demand in certain regions, and a renewed focus on quality within the local textile sector. By the end of June 2010, over 2,000 textile enterprises were operating normally, marking an increase of 76 compared to the previous year. The industry employed approximately 300,000 people, a slight decline of 5.1% year-on-year. Among these, 1,099 employees were directly involved in textile and clothing production, while 39 were added back into consumer enterprises. The number of employees in the textile and apparel manufacturing segment stood at 186,000, down 5.4% from the same period last year.
During the first half of 2010, the total consumption value of industrial enterprises in the Shanghai textile industry reached 38.63 billion yuan, reflecting a 7.8% annual increase. The textile and apparel manufacturing industry contributed 20.86 billion yuan, up 2.7% year-on-year, accounting for 54% of the total textile industry output. The second quarter saw stronger performance, with industrial consumption reaching 20.59 billion yuan, up 14.1% from the previous quarter and 11% year-on-year. Textile and garment manufacturing achieved a gross value of 10.73 billion yuan, rising 5.8% from the previous quarter and 6.6% annually.
At comparable values, the total industrial consumption for the first half of 2010 reached 40 billion yuan, up 6.6% year-on-year. The textile and apparel production industry generated 20.67 billion yuan, a 1.7% increase compared to the same period last year.
In terms of production and sales, the textile industry achieved a total output value of 20.21 billion yuan in the first half of 2010, up 10.6% from the previous quarter and 13.3% year-on-year. The textile and apparel manufacturing industry produced 10.48 billion yuan, a 1% monthly increase and 10.6% year-on-year. The overall production-to-sales ratio was 99.6%, up 1.8% year-on-year, with the textile and apparel sector achieving a ratio of 99.9%, up 3.4% from the previous year.
Home textiles remained agile in the finished goods segment, with total industrial consumption reaching 6.87 billion yuan, up 19.7% year-on-year. However, the production and sales ratio for this segment dropped slightly to 97.7%.
From July 2008 to June 2010, the export delivery value of enterprises above a certain scale in Shanghai showed fluctuating trends. In the first half of 2010, the textile industry achieved an export delivery value of 10.8 billion yuan, up 0.7% year-on-year, with an export rate of 28.1%, down 8.3% from the previous year. The textile and garment manufacturing industry accounted for 63.1% of the total textile exports, with its export value reaching 6.82 billion yuan, up 2.7% year-on-year. The second quarter saw a significant jump in exports, with the textile industry exporting 5.95 billion yuan, up 22.7% from the previous quarter and 9.8% year-on-year. Textile and apparel exports remained largely dominated by Japan and Europe, though the growth rate remained moderate.
The "Expo economy" had a strong market linkage effect, boosting the main business operations of the textile industry. In the first half of 2010, the main business expenses of enterprises above the scale in the textile industry reached 39.24 billion yuan, up 16.3% year-on-year. The second quarter alone recorded 20.45 billion yuan in expenses, up 8.9% from the previous quarter and 20% year-on-year. The textile and apparel manufacturing industry spent 20.84 billion yuan, up 12% from the previous year.
Despite the overall improvement, challenges remain. Fluctuating raw material prices and increased uncertainties pose indirect risks to future development. The influx of well-known international brands has intensified competition in the domestic market, pushing domestic manufacturers to innovate and improve their design and technology.
As of the end of June 2010, the asset-liability ratio of textile enterprises in Shanghai was 51.2%, up 0.4% from the previous year. The textile and apparel manufacturing industry had total assets of 40.68 billion yuan, up 9.9% year-on-year, and liabilities of 22.15 billion yuan, up 28% from the previous year. The debt-to-equity ratio was 54.4%, up 1.9% year-on-year. Most new deposits were used to finance finished products, inventory, and accounts receivable.
The total asset profit margin for enterprises above the scale in the textile industry was 2.65%, up 66.8% year-on-year. In the second quarter, it was 1.46%, up 16.5% from the previous quarter and 83.6% year-on-year. The textile and apparel manufacturing industry had a total asset profit margin of 3.3%, up 30.1% year-on-year, although it declined slightly in the second quarter.
Overall, the Shanghai textile industry showed signs of recovery and renewal, contributing to the city's fashion and cultural landscape. At the same time, the industry is also undergoing structural changes and facing new challenges.
Looking ahead, the textile industry in Shanghai is expected to continue its recovery in the second half of 2010, with a focus on optimizing industrial structures. It is estimated that the total industrial consumption of the textile industry will reach around 82 billion yuan in 2010, with the textile and clothing production industry reaching 46 billion yuan and total profits expected to be around 14.5 billion yuan.
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