Financing Difficulties Of Textile Enterprises Under Financial Turmoil
In recent days, the state has released the plan to promote nine industries, including Spin Industry. However, what the enterprises are most concerned about is financing Problem. "Banks are unwilling to give money when they hear about textile enterprises." Wang Zhulin, Secretary General of China Textile Engineering Society, said in December 12th. Textile enterprises The biggest difficulty comes from banks. Credit tightening 。 The society has received complaints from many enterprises.
Jiangsu family Spin Feng Shujun, executive vice president of environmental protection and color spinning, a listed company, confirmed that the company was tightened up by the bank at the end of October, resulting in tight liquidity. "Tightening is due to bank reconciliation. Spin Industry is weak. "
According to Feng Shujun, as the price of crude oil has dropped sharply, the cost of raw materials has been cut by 50%. Spin The fiber is almost the same level, and the sales scale is a blessing in disguise. In December, we had to add a new production line to deal with the demand for orders. However, Xia Ke encountered financial difficulties when expanding the production line. According to Feng Shujun, because of successive textile bankruptcy and bankruptcy, Xia Xia was told by the cooperative bank to tighten credit at the end of October. "The reason is not our business problem, just because the banks are watching the textile market".
银行收紧纺织业的信贷有一定的原因。与江苏临近的浙江省，今年以来金雄集团、绍兴耀龙纺织印染有限公司、江龙控股集团、五环氨纶等当地有名的纺织企业纷纷陷入困境。而市场普遍认为，现在还不是最糟糕的时候。长江证券认为，我国庞大的产能决定了国内需求增长不足以完全抵消外需的衰退，且国内需求也面临向下的风险，因此未来一年将是行业最困难的时期。
It is understood that the 104 Canton Fair textile and clothing pactions fell by 23.83% and 27.76% respectively, a record of falling speed. In addition, the data released by the General Administration of Customs in December 1st showed that in 2008 1-11, China's textile exports totaled $60 billion 409 million, and clothing exports totaled 108 billion 700 million. dollar The growth rate was 18.1% and 3.1% respectively, up 2.8 percentage points and 19.1 percentage points respectively. The growth rate showed signs of accelerating slowdown.
In addition, the impact of the US economic downturn on the EU has been increasing. Textile and clothing In addition, the appreciation of RMB against the euro weakens China's textile export advantage to a certain extent.
Ou Zhihang, an analyst at Ping An Securities, thinks that the two export tax rebate rate raised by 3% or 6% at the end of the year will bring 25.84% or 51.69% profit growth to 2009, which will make a great contribution to the textile and garment industry, especially the export oriented enterprises. However, at present, the most critical problem is that the decline in overseas market demand has led to a sluggish export of Chinese textile and clothing.
In response to the cries of the industry, Li Yizhong, Minister of industry and information technology in December 12th, told the State Council press conference that the Ministry of industry and commerce is cooperating with the NDRC in formulating the revitalization plan for nine key industries. These 9 industries are light industry, textiles, iron and steel, nonferrous metals, automobiles, petrochemicals, ships, electronics and communications. The state intends to curb and reverse the slowdown in industrial growth through the revitalization plan, and promote steady and rapid economic development.
According to the introduction, there are mainly policies and measures to support key industries: first, to further reduce the burden of enterprises' taxes and fees and ease the cost pressure; two, to increase credit support and solve the financing difficulties of enterprises; three, to start a batch of enterprise technological pformation projects as soon as possible, and to promote industrial upgrading; four, to encourage and support enterprise mergers and acquisitions, improve risk tolerance and international competitiveness.
Editor: vivi
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