The Diversified Development Of Textile Industry Is The Key To Strengthening The Main Business.

< p > after 30 years of development, the footsteps of domestic a href= "//www.sjfzxm.com/news/index_c.asp" > textile industry < /a > have begun to become gloomy. In fact, the growth rate of the entire textile industry has dropped from single digit to over 30%. According to the data released by the National Bureau of Statistics yesterday, the added value of the textile industry increased by only 8.7% in 2013. < /p >
< p > according to the incomplete statistics of journalists, 23 of the 40 listed A share listed textile enterprises have entered other fields besides textile business, and are basically concentrated in three major fields: real estate, new energy and investment business. Not only that, last year, 2 large textile enterprises were also borrowed from the shell, and the main business of Fujian South spinning became power. China's < a href= "//www.sjfzxm.com/news/index_c.asp" > clothing < /a > began to sell fertilizer. < /p >
< p > on the other hand, some textile companies still diversify their way around the main business and expand to the upper and lower reaches only. With the revival of textile exports, these seemingly conservative and deep tillage enterprises are releasing the accumulated energy. < /p >
< p > < strong > passion for real estate, Nuggets new energy < /strong > /p >
< p > comparing the gross profit margins of related industries may be the most intuitive understanding of why textile enterprises are keen to diversify. < /p >
< p > data from China intelligence network show that in 2013 1~9 months, the gross margin of China's textile industry above designated size was 10.82%. Almost in the same period, the average gross profit margin of 104 real estate enterprises in China was 36.7%, while the gross profit margin of photovoltaic industry in a healthy state was almost no less than 20%. Leading enterprises such as poly Xin Xin's gross profit margin of photovoltaic business was more than 44%. < /p >
In the first half of 2013, the gross profit margin of the textile industry was only 3.68%, while the value of "sideline" of sewage treatment and battery manufacturing was 67.60% and 16.47% respectively. < p > < /p >
< p > Cui Yu, consultant consultant of CIC, told reporters that after 2005, China's textile industry has begun to descend, sales are sluggish and profits are getting thinner. In order to resist the impact of the downturn in the textile market, many enterprises choose to diversify and seek new profit points, so as to enhance their ability to resist risks. < /p >
< p > "high income new energy, real estate, chemical industry, finance and other fields are the first choice for many textile enterprises." Editor in chief, Wang Qian, told reporters. < /p >
< p > but it is worth noting that the textile industry belongs to the labor-intensive industry. To enter the emerging industries of technology and talent intensive, it is not necessary to take too short a transformation process, and the risks are self-evident. < /p >
< p > in recent years, many textile enterprises that have carried out "low correlation" business such as photovoltaic, chemical and investment have chosen to quit. The cost of trial and error of some enterprises is even high. < /p >
< p > Cui Yu said that the diversification of domestic textile enterprises is usually not in line with the textile industry, and the textile industry has relatively less experience and other risks when it comes to other fields. "Enterprises can enter more markets that can produce synergy when choosing new businesses." Cui Yu thinks. < /p >
< p > < strong > the main business is still center /strong < /p >
< p > domestic < a href= "//www.sjfzxm.com/news/index_c.asp" > dyed cloth < /a > leading enterprise Lu Tai textile Limited by Share Ltd is one of them. < /p >
< p > this company, which is mainly engaged in pure cotton shirt fabrics, has been developing upstream and downstream along with the continuous development of new fabric products. In the upstream, Xinjiang Lu Tai, a subsidiary holding company, has entered cotton planting, and the entity brand "LTGRFF" (Lu Tai gray) has been established in the lower reaches, and has entered many large stores. < /p >
< p > will be held in the field of cotton planting, spinning, dyeing, weaving, finishing and garment industry. The annual compound growth rate of Lu Tai A after listing is over 32%. With the possible turning point of the textile industry, its prospects for development are also promising for many institutional investors. < /p >
< p > Guo Haiyan, an analyst at CICC, said that Lu Tai A is the "invisible champion" of China's textile industry. "Focusing on the high-end and high-end shirt fabric industry, extending from top to bottom, we have grasped the core value and become the core supplier of the international big brands". < /p >
Besides P, many enterprises such as cashmere industry, Jiaxin silk and so on have also grasped their own niche market and made a lot of contributions in expanding product lines and extending the industrial chain. < /p >
< p > a senior industry member told reporters that textile enterprises must follow the principle of "do their best" in developing diversified businesses. "Don't look at what makes money, rush to the top of their heads, preferably with basic industries. Secondly, there are related resources, but as long as they are not completely transformed, the most fundamental thing is to strengthen the main business." < /p >