Industry's rapid development slowed down

In 2007, with the rapid growth of raw materials and energy prices, the adjustment of domestic garment industry, the appreciation of RMB, the reduction of export tax rebate rate, and the increase of labor costs, the pace of rapid development of China's sewing machine industry has slowed down for several years.

According to statistics of 391 production enterprises above the scale of sewing machine industry in China, the situation of industrial economic operation in 2007 mainly displays the following characteristics:

Economic growth slowed down somewhat

In 2007, 391 sewing machine manufacturers completed a total of 27 billion 800 million yuan of industrial gross output, an increase of 16.51% over the previous year, an industrial sales value of 26 billion 700 million yuan, an increase of 12.5% over the previous year, an increase of 2.2 percentage points in the gross industrial output value and industrial sales value of major production enterprises compared with the previous year.

The industry economy has maintained a two digit growth rate, but the growth rate has slowed down compared with the previous years, and the industry development has entered a stable adjustment stage from the rapid growth stage.

From the completion of industrial gross output of major production enterprises in 2007 (chart 1), in the first half of the year, the industry basically continued the rapid growth rate in 2006, and the average industrial output value increased by more than two digits. But since July, the output value growth has dropped sharply, even negative growth, and the downward trend is obvious.

Output keeps growing, and the total number of embroidery machines decreases.

According to the association's statistics on the output of 98 main enterprises, the total number of sewing machines in 2007 was 9 million 920 thousand, an increase of 8.25% over the previous year.

Production of household machines 2 million 860 thousand, an increase of 9.46% over the previous year.

Among them, 890 thousand ordinary household sewing machines, 14.93% lower than last year, 1 million 970 thousand multi-purpose household machines, an increase of 25.75% over the previous year.

6 million 780 thousand industrial sewing machines were produced, an increase of 7.26% over the previous year.

Among them, high-speed sewing machine 2867471, an increase of 1.86%; medium thick material sewing machine 129375, an increase of 8.89%; high-speed sewing machine 1243155, an increase of 15.33%; medium speed sewing machine 330129, 13.95%; sewing machine 344674, 12.56% 12.56%; packet machine 197793, growth of 197793; eye lock machine Taiwan, growth; target=_blank>; sewing machine sewing machine platform, growth; reinforcement machine platform; growth; dark sewing machine stand, growth; double needle sewing machine stand, growth.

In all kinds of sewing machine products, the output of embroidery machine is decreasing obviously.

In 2007, 98 main machine manufacturers produced 22217 single embroidery machines, down 9.25%, and 21314 embroidery machines decreased by 27.31% (Figure two).

Profit is the first minus growth and corporate investment is rational.

From the financial indicators, the total sales revenue of 391 production enterprises above Designated Size reached 25 billion 500 million yuan, an increase of 10.61% over the previous year, an increase of 9 percentage points, a total profit of 2 billion 200 million yuan, an increase of 1.31%, an increase of 17 percentage points, a total profit of 1 billion 450 million yuan, a decrease of 2.65%, and a decline in the overall economic performance of the industry, with the total profit being the first negative growth since 2000.

In terms of investment, in 2007, the average balance of fixed assets of 391 manufacturing enterprises above designated size was 5 billion 330 million, an increase of 7.06% over the previous year, and its growth rate was reduced by 8 percentage points.

In 2007, the industry slowed down in investment in fixed assets, and the atmosphere of wait-and-see was thicker. The focus of investment was constantly tilted to technological pformation and product structure adjustment.

Export growth slows down and product value decreases.

In 2007, the number of sewing machine exports in China slowed down compared with the previous years.

According to customs statistics, in 2007, China's total exports totaled 12 million 80 thousand units, down 5.65% from last year, and earned 1 billion 300 million US dollars in exports, an increase of 8.15% over the previous year.

Among them, 2 million 810 thousand industrial sewing machines were exported, 2.9% lower than the previous year, 650 million US dollars in foreign exchange earnings, 13.78% more than last year, 9 million 210 thousand domestic sewing machines (4 million 140 thousand multi-function machines, 2 million 70 thousand ordinary machines), 6.75% lower than the previous year, 340 million US dollars for export earnings (280 million dollars for multi-purpose machines, 60 million dollars for ordinary household machines), an increase over the previous year.

The total export volume of sewing machines such as industrial machines and household machines increased.

The value of embroidery machine has been reduced and profits have shrunk.

Imports continue to decline, and products are getting higher and higher.

In 2007, the import of sewing machinery continued to decline in previous years.

According to customs statistics, 220 thousand imported machines and 270 million US dollars were imported for the whole year, down 72.61% and 21.79% respectively from the previous year, including 110 thousand imported industrial machines and 200 million US dollars imported, 22.38% and 8.87% lower than the previous year, 110 thousand imported from household machines and 810 thousand US dollars, respectively.

It is worth noting that the rate of decline in the number of imported industrial machines is far greater than that of their imports. On the one hand, the achievements made in the localization of mid-range products are significant, reducing the import demand of garment enterprises, and on the other hand, the degree of import products being more and more high-grade has become increasingly evident.