At the China Cotton Association's National Cotton Situation Analysis Conference held on September 15, the head of the raw material supply department of Weiqiao Textile Co., Ltd. Wang Zhao stopped to explain how Weiqiao Textile can improve the competitiveness of the cotton textile industry under the current situation. The cotton industry is developing healthily.
Wang Zhaoshu first analyzed the impact of cotton prices on the industry chain in the previous year. He believes that the previous year's soaring cotton prices have caused a severe blow to the entire cotton industry chain. First, the cotton farmers were attacked and the cotton farmers experienced a process of joy and sadness. Due to reluctance to sell, some farmers still have cotton, and they are sure to lose money at the current price.
The cost of cotton-planting is climbing. If the purchase price of new cotton is lower than the closing price, it will hurt the enthusiasm of cotton-planting next year; secondly, it will bring great difficulties to the production and operation of cotton textile enterprises and the business risks will intensify. Weiqiao continued to maintain the momentum of balanced and healthy development through internal management and market expansion. In the first half of this year, it achieved sales revenue of 8 billion yuan, a year-on-year decrease of 3.3%, and a profit of 1 billion yuan, a year-on-year decrease of 2.2%.
In order to maintain the healthy development of the cotton industry, the key lies in the market situation of the cotton textile industry and the strength of the international competitiveness. Cotton textiles are closely related to the cotton industry. In recent years, the high cost of domestic raw materials, the appreciation of ***, and rising financial costs have severely eroded the competitiveness of domestic textile companies and exacerbated the loss of downstream orders. In the future, the global economic growth will slow down, and the purchasing power of textile products will decline. The resistance to export of textiles and garments in China will increase, which will affect cotton consumption, and cotton prices will face upward pressure.
Improving the competitiveness of the cotton textile industry requires the hard work of the majority of companies and the support of good policies. Weiqiao Textile will focus on three aspects: First, continuously optimize the industrial structure and speed up the transformation of growth mode; Second, vigorously strengthen independent innovation and promote product upgrades; Third, continue to strengthen basic management and strive to reduce production costs .
Weiqiao Textile put forward three policy recommendations: First, strengthen the supervision of the cotton market; Second, increase the cotton import quota; Third, improve the tax policy, reduce the burden on the enterprise.
Wang Zhaoshu first analyzed the impact of cotton prices on the industry chain in the previous year. He believes that the previous year's soaring cotton prices have caused a severe blow to the entire cotton industry chain. First, the cotton farmers were attacked and the cotton farmers experienced a process of joy and sadness. Due to reluctance to sell, some farmers still have cotton, and they are sure to lose money at the current price.
The cost of cotton-planting is climbing. If the purchase price of new cotton is lower than the closing price, it will hurt the enthusiasm of cotton-planting next year; secondly, it will bring great difficulties to the production and operation of cotton textile enterprises and the business risks will intensify. Weiqiao continued to maintain the momentum of balanced and healthy development through internal management and market expansion. In the first half of this year, it achieved sales revenue of 8 billion yuan, a year-on-year decrease of 3.3%, and a profit of 1 billion yuan, a year-on-year decrease of 2.2%.
In order to maintain the healthy development of the cotton industry, the key lies in the market situation of the cotton textile industry and the strength of the international competitiveness. Cotton textiles are closely related to the cotton industry. In recent years, the high cost of domestic raw materials, the appreciation of ***, and rising financial costs have severely eroded the competitiveness of domestic textile companies and exacerbated the loss of downstream orders. In the future, the global economic growth will slow down, and the purchasing power of textile products will decline. The resistance to export of textiles and garments in China will increase, which will affect cotton consumption, and cotton prices will face upward pressure.
Improving the competitiveness of the cotton textile industry requires the hard work of the majority of companies and the support of good policies. Weiqiao Textile will focus on three aspects: First, continuously optimize the industrial structure and speed up the transformation of growth mode; Second, vigorously strengthen independent innovation and promote product upgrades; Third, continue to strengthen basic management and strive to reduce production costs .
Weiqiao Textile put forward three policy recommendations: First, strengthen the supervision of the cotton market; Second, increase the cotton import quota; Third, improve the tax policy, reduce the burden on the enterprise.
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