Operational quality and efficiency

The operating income of the industry is steadily improving. According to statistics from the National Bureau of Statistics, from January to June 2021, 664 textile machinery enterprises above designated size achieved a year-on-year increase of 33.22% in operating income, a decrease of 5.70% compared with the same period in 2019. Total assets increased by 10.73% year-on-year. Industry earnings continued to improve. From January to June 2021, the total profit of textile machinery enterprises above designated size increased by 50.95% year-on-year, an increase of 0.67% compared with the same period in 2019. The operating income profit margin was 7.44%, an increase of 0.84 percentage points over the same period of the previous year. The loss of loss-making enterprises decreased by 23.15% year-on-year; the loss area was 21.84%, a decrease of 11.34 percentage points compared with the same period of the previous year. The total cost of textile machinery enterprises above designated size increased by 31.37% year-on-year, an increase of 1.85 percentage points less than that of operating income. The asset-liability ratio of the industry increased slightly . From January to June 2021, the total assets of textile machinery enterprises above designated size increased by 10.73% year-on-year. The asset-liability ratio was 59.83%, an increase of 1.92 percentage points compared with the same period of the previous year, which was higher than the asset-liability ratio of 56.5% of industrial enterprises above designated size.

Survey of key enterprises

The Textile Machinery Association conducted a survey on the operation of 368 textile machinery companies in the first half of 2021. Judging from the aggregated results, the operation of the company has improved significantly compared with the same period last year. The operating income of 72% of the companies has increased at different rates compared with the same period of last year, 73% of the companies have orders exceeding the level of the same period last year; 62% of the companies have a capacity utilization rate higher than 80%. At present, the main problems faced by enterprises are the difficulty of recruiting workers, the shortage of workers and the pressure of rising costs. 54.65% of the companies believed that orders in the second half of the year would increase compared to the first half of the year, and their optimism about the overall situation of the textile machinery industry in the second half of the year dropped slightly. 45% of the surveyed companies had optimistic expectations for the second half of the year.

Import and export situation

According to customs statistics, from January to June 2021, the total import and export of my country's textile machinery totaled 4.073 billion US dollars, a year-on-year increase of 24.08%. Among them: the import of textile machinery was 1.740 billion US dollars, a year-on-year increase of 24.88%; the export was 2.333 billion US dollars, a year-on-year increase of 23.49%.

From January to June 2021, textile machinery was imported from 62 countries and regions, with a total import value of 1.74 billion US dollars, a year-on-year increase of 24.88%, and a slight increase compared with the same period in 2019. From the perspective of imported product categories, the import of chemical fiber machinery ranked first, with a total import value of 507 million US dollars, a year-on-year decrease of 6.74%, accounting for 29.12% of the total import value; the seven categories of products, except chemical fiber machinery, all increased at different rates.

From January to June 2021, my country exported a total of 2.333 billion US dollars of textile machinery to 177 countries and regions, a year-on-year increase of 23.49%. By category: The export value of knitting machinery was US$580 million, a year-on-year increase of 73.37%, accounting for 24.87%, ranking first, followed by printing and dyeing and finishing machinery, auxiliary devices and spare parts, non-woven machinery, Spinning machinery, weaving machinery and chemical fiber machinery, the seven categories of products are five liters and two drops.

By industry

spinning machinery

Beginning in the second quarter of 2021, the international textile market has recovered significantly, the domestic yarn market has rebounded strongly, spinning enterprises generally have sufficient orders, and benefits have rebounded. Yarn machinery sales rose steadily. According to the statistics of the association, from January to June 2021, the sales volume of cotton spinning frames increased by 82.2% year-on-year, among which the sales of spinning frames equipped with collective doffering devices accounted for 82.3% of the total; The compact spinning devices accounted for 38.8% of the total; the sales volume of rotor spinning machines increased by 100% year-on-year. From the statistical data, it can be seen that in the first half of 2021, the sales of various types of main equipment of spinning machinery have risen to varying degrees, and most products have reached the level of the same period in 2019. Among them, the sales of rotor spinning machines have basically reached the best record in the same period in history. Although the import of air-jet vortex spinning machine decreased slightly compared with last year, it still exceeded the level of 2019. It is understood that in the third quarter of 2021, most spinning machinery companies have full tasks and good follow-up orders.

weaving machinery

In the first half of 2021, thanks to the effective control of the domestic epidemic and the continuous release of macro policy effects, the market demand has gradually recovered, the operating environment has been continuously improved, the growth rate of weaving machinery has remained in a high range, and the foreign trade export situation has been better than expected. According to the data from the National Bureau of Statistics, downstream textiles such as clothing, home textiles, and industrial textiles (textile belts, cord fabrics, awnings, canvases, etc.) have increased year-on-year. The production situation continues to improve, and the industry boom is running at a high level. With the continuous impact of equipment renovation and upgrading, the production and sales of rapier looms, air-jet looms and water-jet looms increased significantly year-on-year under the condition of low base. According to the statistics of the association, from January to June 2021, the sales of high-speed rapier looms of major domestic manufacturers increased by 81.48% year-on-year; the sales of air-jet looms increased by 132.88% year-on-year; the sales of water-jet looms increased by 42.86% year-on-year.

It is expected that in the third quarter of 2021, the purchase demand for clothing, home textiles, industrial textiles, etc. in the end consumer market will be flat, and the production and operation of weaving machinery will be in a stable situation. The continuation of the foreign epidemic and the sporadic local rebound of the domestic epidemic in many places have increased the uncertainty of market demand. At the same time, the price of bulk commodities has risen significantly and maintained a high level, which has caused a certain production and operation pressure on weaving machinery enterprises. In addition, pressures such as structural labor shortage and insufficient supporting supply still need to be resolved.

Knitting machinery

In the first half of 2021, the three types of knitting machinery market performed well, each with different growth points.

In the first half of the year, the production and sales of the circular weft machine industry were booming, and some enterprises had overloaded production. Under the influence of various factors such as the increase in the price of chemical fiber materials and the strong market demand for some fabric products, downstream weaving enterprises continue to expand production capacity and increase the demand for machine purchases. However, the rising prices of raw materials such as castings and the prolonged supply cycle of related core parts have had a great impact on the delivery cycle of circular weft machines. The overseas market of the circular weft machine industry performed well in the first half of the year. At the same time, the global epidemic situation is still ongoing, and the export of circular weft machines will face certain difficulties in the later period. Under the current complex situation, circular weft machine companies continue to develop new products, maintain product differentiation, improve quality and enhance core competitiveness. According to the statistics of the Textile Machinery Association, the sales of circular weft machines in the first half of 2021 increased by 70.6% year-on-year.

In the first half of the year, the warp knitting machine industry was stable and improving as a whole, and the market performance of each segmented model field was different. After being silent for many years, the lace machine market has shown a relatively stable development trend. In the first half of the year, the overall sales volume increased slightly, but it still needs to wait for the turning point of recovery. With stable operation speed and high production efficiency, the wide-width high-speed warp knitting machine has received positive feedback from downstream users, the market demand is strong, and the sales volume continues to increase significantly. Due to the wide application of cashmere home textiles and shoe materials, the market of double-needle-bed warp knitting machines has grown steadily. The market of double-bed warp knitting machines is focusing on the research and development of high value-added products to reduce the homogenization competition in the later stage. Multiaxial warp knitting machines were significantly affected by downstream markets such as wind power materials and infrastructure projects, and production and sales declined in the first half of the year. According to the statistics of the Textile Machinery Association, the sales of warp knitting machines in the first half of 2021 increased by 29% year-on-year.

The flat knitting industry performed well in the first half of the year, and the production and sales have basically recovered to the level of the same period in 2019. Due to the continuous development of the epidemic in Southeast Asia and other places, some orders have returned to China, which has increased the demand for domestic flat knitting equipment in the downstream market; Replacement of old equipment. At present, domestic flat knitting companies are making every effort to develop and improve the full-forming technology, leading the industry's technological upgrading. According to the statistics of the Textile Machinery Association, the sales of flat knitting machines in the first half of 2021 increased by 220% year-on-year.

Printing, dyeing and finishing machinery

In the first half of 2021, under the background of my country's overall stable epidemic prevention and control, the production and market situation of the dyeing and finishing machinery industry continued to improve and rebounded in an all-round way. Although the global epidemic has not been effectively controlled, the overseas market demand has gradually been released, and the export market of dyeing and finishing machinery has gradually recovered. In the first half of 2021, the sales of various types of equipment have increased significantly compared with the same period last year, but there is still a certain gap compared with the market situation before the epidemic.

The pre-processing equipment market has maintained a steady growth trend. From January to June 2021, the cumulative sales of washing machines increased by 23% year-on-year, the cumulative sales of mercerizing machines increased by 11% year-on-year, and the sales of continuous bleaching machines were basically the same as the same period last year.

The domestic demand in the traditional printing market is basically stable. Due to the epidemic, the traditional printing market was greatly affected in the same period last year. In the first half of this year, the market gradually recovered, and the export market was slightly better than the same period last year. From January to June 2021, the sales of rotary screen printing machines increased by 10% year-on-year, and the sales of flat screen printing machines were basically the same as the same period last year.

In recent years, especially during the epidemic, digital printing machines have shown good flexibility and market adaptability compared with traditional printing machines, and the market has maintained a rapid growth trend. From January to June 2021, digital direct-injection printing machines and high-speed paper machines both increased by more than 20% over the same period last year.

On the whole, in the first half of 2021, the dyeing and finishing machinery industry market will operate stably, and the gradual recovery of the textile and garment industry chain has laid the foundation for stimulating the domestic demand for dyeing and finishing machinery. Relying on my country's complete textile and garment industry chain, domestic dyeing and finishing equipment has always maintained a strong development state when the global epidemic is still serious. However, at the same time, it should be noted that the current global epidemic has not been effectively controlled, the domestic epidemic has rebounded from time to time, and enterprises are also facing problems such as rising raw materials and freight costs. Various uncertain factors still bring severe challenges to the overall recovery of the market. test. According to the feedback from the association's sample questionnaire survey, in the face of adversity, industry enterprises actively cultivate their internal strength to develop new technologies and new products to enhance their competitiveness, and on the other hand, continue to explore new markets. Most enterprises are optimistic about the market situation in the second half of the year.

Chemical fiber machinery

According to the statistics of key enterprises by the Textile Machinery Association, in the first half of 2021, the shipments of chemical fiber machinery polyester, nylon and other filament spinning machines increased by 22.23% year-on-year; the shipments of high-speed texturing machines increased by 111.11% year-on-year. It can be seen from the statistics that in the first half of 2021, the overall production and sales of chemical fiber spinning machines still maintain an upward trend, and the leading downstream enterprises continue to expand their production capacity. They mainly purchase imported equipment, and some contracts purchase domestic equipment. Affected by the chemical fiber market, the texturing machine market sales have grown rapidly compared with the same period last year, and the texturing machine manufacturers continue to maintain full-load production. Due to the steady progress of the projects of large chemical fiber enterprises, orders for next year are also being signed. In terms of staple fiber equipment, the newly added production capacity in the first half of the year is mainly hollow fiber and low melting point fiber. It is expected that in the second half of the year, many large enterprises will have production capacity and production plans, but the actual production time may be at the end of the year, and they will mainly be put into production one after another. The actual production during the year is limited, and it is difficult to have a significant impact on the market. The new supply in 2021 will mainly focus on differentiated specifications, and the increase in conventional varieties will only come from the resumption of production of individual enterprises. It is expected that the production equipment of composite fibers such as ES will be the focus of the market in the future.

Nonwoven Machinery

According to the statistics of key enterprises by the Textile Machinery Association, in the first half of 2021, the shipments of nonwovens production lines have increased steadily. Shipments of spunlace nonwoven production lines increased by 48.72% year-on-year; shipments of needle-punched nonwoven production lines increased by 26.23% year-on-year; shipments of spunbond, meltblown, and spunmelt composite nonwoven production lines decreased by more than 90% year-on-year .

Spunlace nonwovens still occupy an important position in the fields of medical and health care, personal protection, and wiping materials. In the first half of this year, spunlace nonwovens equipment has also been delivered. Prices have dropped significantly, and some customers have delayed delivery of goods. New orders in the second half of the year are not optimistic. The industry needs some time to digest the sharp increase in production capacity in the past two years, and at the same time, it will increase efforts to develop new application areas.

In 2020, due to the need for epidemic prevention and control and the production of anti-epidemic materials, the production and demand of the needle-punched nonwovens industry will be suppressed. From the fourth quarter to the first half of this year, the needle-punched nonwovens market has ushered in a post-epidemic market recovery. Air filtration New applications for face shields and face shields and the automotive industry with special requirements for sound and thermal insulation are also driving the growth of the needlepunching market. According to the association's understanding of some key acupuncture companies, their sales volume in the first half of the year has reached or exceeded the historical high level, and the expectations for the second half of the year are also cautiously optimistic.

Equipment such as meltblown, spunbond, and spunbond meltblown have experienced ultra-high growth in 2020, and the industry estimates that the sales volume in the next 3-5 years will be prepaid. In the first half of the year, most of the production line deliveries were contracted in the previous year, and the sales expectations in the second half of the year are generally not optimistic. A large number of second-hand equipment has been sold in the market. It is expected that after one or two rounds of industry reshuffle, the normal supply and demand order of the industry is expected to be rebuilt within two years.

Hot air equipment is similar to spunmelt. In 2020, due to the increase in epidemic prevention needs, the equipment market was optimistic. However, due to the improvement of spunmelt, spunlace process and finishing technology, the advantages of hot air cloth's fluffy and soft characteristics are no longer significant. The sales of the hot air line in the first half of the year were not satisfactory, and the research and development of new technologies and new products should be strengthened in the future.

Industry Situation Outlook

In the first half of 2021, my country's overall epidemic prevention and control work has achieved remarkable results, and economic and social development has continued to recover steadily. The market demand of my country's textile machinery industry has gradually recovered, the overall operating conditions of enterprises have been improved, and the industry has developed steadily.

Looking forward to the second half of the year, with the further strengthening of the endogenous power of China's economy, the deployment of medium and long-term development strategies and the implementation of projects, and the gradual clarification of the global economic situation, China's macro economy is expected to accelerate the process from sustained recovery to normalization. The Politburo meeting of the CPC Central Committee on July 30 proposed to strengthen technological innovation and the resilience of the industrial chain and supply chain, strengthen basic research, promote applied research, carry out special actions to supplement and strengthen the chain, speed up the solution of "stuck neck" problems, and develop specialized, special, new, small and medium-sized enterprises. enterprise. At the same time, the central bank lowered the deposit reserve ratio of financial institutions and other financial reform measures in early July to further support the development of the real economy and enable small and medium-sized enterprises to receive more financial support. In the future, with the continuous implementation of industrial policies, under the leadership of accelerating the construction of a new dual-cycle development pattern, the layout of technological self-reliance and self-improvement, the security layout of the industrial chain and supply chain, the smooth domestic circulation and the complement of shortcomings, and the launch of the strategy to expand domestic demand, etc. The measures are conducive to optimizing the business financing environment, stabilizing consumption and investment demand, and supporting the smooth operation of the industry.

At the same time, there are many unstable factors in the current development situation of the textile machinery industry. The epidemic has rebounded in many places in China. The global epidemic is still evolving. The international political and economic situation is still complicated. Since the beginning of the year, raw material prices have risen and logistics costs have risen. New challenges brought by the surge and bottlenecks in the global supply chain still exist, which have brought greater pressure on production and operation of enterprises, and the stable development of the industry is still facing many challenges.

In response to changes in the external environment, the textile machinery industry will continue to focus on intelligent manufacturing and industrial upgrading, promote independent innovation, meet market demand, actively explore international and domestic markets, properly respond to improve risk resistance and development resilience, and promote the industry to achieve high-quality development.