The status of China's sewing machinery industry under the epidemic

- Aug 17, 2020-

In 2020, my country's sewing machinery industry will face the severe test brought by the new crown pneumonia epidemic and the complex and changeable domestic and foreign environment. On the one hand, we coordinated and promoted the prevention and control of the epidemic and the resumption of work and production of enterprises, scientifically studied and judged and responded to the impact of the epidemic, accelerated structural adjustment, strengthened technological innovation, and actively resolved the crisis. The overall industrial chain has achieved relatively safe and stable operation; On the other hand, seizing the opportunity and actively changing production of epidemic prevention equipment, has made important contributions to the country's fight against the new crown pneumonia epidemic and promote the stable development of the industry. As of June, although the negative growth trend of the industry has not been reversed, the decline in major economic indicators has been significantly narrowed, and the economy has bottomed out and stabilized.

Production: According to data from the National Bureau of Statistics, the cumulative industrial added value growth rate of China's sewing machinery industry above designated size production enterprises from January to June is -17.6%, which is 13.9% lower than the decline in the first quarter, but it is still lower than the national industry- 1.3% mean.

sewing machinery

Benefits: According to statistics from the Bureau of Statistics: From January to June, the accumulated operating income of 237 enterprises above designated size in the industry was 11.438 billion yuan, a year-on-year decrease of 17.76%, and the rate of decline narrowed by 8.6 percentage points compared with the first quarter.In June, the operating income of the regulated companies increased by 21.52% month-on-month; the cumulative profits of the regulated companies reached 608 million yuan, a year-on-year decrease of 17.34%, and the decline was significantly narrower than the first quarter by 46.8 percentage points; gross profit margin was 19.48%, a year-on-year increase of 1.76% ; Operating income margin was 5.32%, a year-on-year increase of 0.51%.

Exports: According to data from the General Administration of Customs, the cumulative export value of my country's sewing machinery products from January to June is 934 million US dollars, a year-on-year decrease of 21.90%, and the rate of decline narrowed by 0.2 percentage points from the previous five months. Among them, the export volume of industrial sewing machines was 1.4179 million sets, and the export value was US$446 million, a year-on-year decrease of 26.41% and 26.03% respectively. In June, the export value of my country's sewing machinery products was US$169 million, a year-on-year decrease of 20.93% and a month-on-month increase of 23.14%, showing a trend of bottoming out and stabilizing. Among them, the export volume of industrial sewing machines was 221,700 units, and the export value was 59.67 million US dollars, down 31.96% and 43.96% year-on-year, respectively, and up 16.91% and 4.17% month-on-month.


If you want to know us, please contact: wym@eagleco.cn



Previous:How does the 1+1 face mask machine process materials? Next:What is 1+1 face mask machine?