The Ministry of industry and information technology and the national development and Reform Commission issued the guiding opinions on the high-quality development of industrial textiles industry on the 21st. It is proposed that by 2025, the industrial added value of Enterprises above Designated Size will increase by about 6% annually.
Affected by the news, the share prices of relevant listed companies rose. Among them, Jiangsu Jujie Microfiber Technology Group Co.Ltd(300819) rose by more than 10%, followed by Anhui Jinchun Nonwoven Co.Ltd(300877) , Fujian Fynex Textile Science & Technology Co.Ltd(600493) , Hangzhou Wensli Silk Culture Co.Ltd(301066) .
“14th five year plan” enterprise added value
average annual growth of about 6%
According to the opinion, by 2025, the industrial added value of Enterprises above Designated Size will increase by about 6% annually, and 3 ~ 5 enterprises will enter the first echelon of global industrial textiles. The ability of scientific and technological innovation has been significantly improved. The R & D funds of key enterprises in the industry account for 3% of the main business income, the application of recycled fiber and biomass fiber accounts for 15%, the NC rate of key processes in nonwovens enterprises reaches 70%, intelligent manufacturing and green manufacturing have an obvious effect on improving the quality and efficiency of the industry, and the comprehensive competitiveness of the industry has been further improved.
According to Cao Xuejun, a first-class inspector of the Department of consumer goods industry of the Ministry of industry and information technology, the industrial textile industry developed into a major economic growth point of the textile industry during the 13th Five Year Plan period. The “14th five year plan” period is an important opportunity period for the industrial textile industry to improve the modernization level of the industrial chain and realize high-quality development. The industrial development must adhere to deepening the supply side structural reform, lead and create new demand with innovation driven and high-quality supply, promote the formation of a new industrial ecology of mutual promotion of supply and demand and win-win production and marketing, and enhance the new competitive advantages of the industrial chain.
support the merger and reorganization of advantageous enterprises
Nonwovens are an important component of industrial textiles. According to the opinions, focus on the development of high-quality nonwovens, and point out the specific development direction.
Nonwovens, also known as non-woven fabrics, are the raw materials of our common masks and protective clothing. At present, the competition pattern of China’s nonwovens industry is highly fragmented, and most enterprises are relatively weak in technology, fighting fiercely in low-end homogeneous competition.
The concentration rate of production capacity leads to poor profitability of enterprises. According to the data of the National Bureau of statistics, from January to February, the output of non-woven Enterprises above designated size decreased by 6.0%, and the operating revenue and total profit decreased by 7.7% and 45.6% respectively year-on-year. The decline in revenue and profit narrowed significantly, with a profit margin of 4.2% and a year-on-year decrease of 2.9 percentage points.
In an interview with Shanghai Securities News, insiders said that China’s nonwovens experienced a round of rapid growth in 2020 and 2021 due to the demand for epidemic prevention materials. Since this year, the industry has entered a period of adjustment, which urgently needs to improve quality and efficiency, and drive future growth with innovation, technology and sustained capital investment.
In view of the current situation of low industry concentration rate, the opinions put forward that support the merger and reorganization of advantageous enterprises and cultivate leading enterprises with outstanding innovation ability, ecological dominance and core competitiveness. Guide enterprises to deeply cultivate subdivided fields and cultivate specialized and new “little giant” enterprises. Strengthen multi-dimensional cooperation among large, medium and small enterprises to form a good industrial ecology
In view of the low added value of technology, the opinions require to sort out the industrial chain map of key products, support leading enterprises to organize the collaborative development of upstream and downstream enterprises, and carry out the development of polypropylene chips, biodegradable materials, special fibers, special additives and weaving and forming equipment for nonwovens, so as to improve the stability and quality efficiency of the industrial chain.
Industry insiders believe that relevant measures will bring opportunities to leading enterprises with strong innovation ability and high market recognition. In June 2021, China Industrial Textiles Industry Association evaluated the technological innovation, market, brand and social responsibility of enterprises, and a number of listed companies were selected into the top ten list.
support the industrial textile industry
expand application fields
Opinions and requirements, deepen cross industry exchanges and cooperation strengthen exchanges between the textile industry and key application fields such as medical and health care, geotechnical construction, transportation, environmental protection and aerospace, and carry out cooperation in technological innovation, standard development and demonstration application . Promote the application of textiles for geotechnical, construction and safety protection in key projects and special industries. Environmental friendly and degradable textiles can be popularized in agriculture.
Li Guimei, President of China Industrial Textiles Industry Association, believes that industrial textiles are widely used in environmental projects such as roads, water conservancy construction, sewage treatment, landfill and incineration, and many innovative achievements and engineering cases have been accumulated in these fields.
She believes that the industrial textile industry can promote collaborative innovation and industrial chain cooperation from the aspects of environmental governance, environmental services, environmental protection technology and equipment, provide industrial strength for the construction of integrated urban environmental infrastructure, and make a positive contribution to the overall planning of environmental infrastructure system.
Gf Securities Co.Ltd(000776) believes that the industrial textile industry has broad prospects for development in the future, and the stock prices of leading companies in relevant industries have been adjusted to a low level before the epidemic. It is suggested to pay attention to Winner Medical Co.Ltd(300888) , Hangzhou Nbond Nowovens Co.Ltd(603238) , Anhui Korrun Co.Ltd(300577) , Zhejiang Weixing Industrial Development Co.Ltd(002003) , Zhejiang Huasheng Technology Co.Ltd(605180) , etc.
