Briefing On The Economic Performance Of Garment Industry In 1-2 2020

Since late January 2020, the "new crown pneumonia" epidemic will undoubtedly cause serious impact on the garment industry. In order to effectively prevent and control the spread of the epidemic, most garment enterprises postponed the resumption of production and the number of days of production was obviously less than that of the same period last year. A number of enterprises also responded positively to the government's call for the production of protective clothing, respirators and other protective products. At the same time, the resumption and remanufacturing enterprises were hindered by various factors such as workers' return to work, supply chain upstream and downstream enterprises failing to resume work, traffic and logistics problems, and order reduction. Production, circulation, consumption and so on have not yet returned to normal levels. According to the special investigation results of the China clothing association, since March, the resumption of production has accelerated significantly, and the staff have gradually returned to the post. Logistics supply is increasingly patency, and the production order and production level are being restored.

Production:

According to the National Bureau of statistics, in 2020 1-2, garment enterprises above Designated Size completed 2 billion 512 million garment production, down 36.61% from the same period last year.

For the domestic market :

According to the National Bureau of statistics, retail sales of consumer goods totaled 52130 billion yuan in 2020 1-2, down 20.5% from the same period last year. Among them, the total retail sales of clothing products above the quota reached 110 billion 300 million yuan, down 33.2% from the same period last year.

According to the National Bureau of statistics, in 2020 1-2, the online retail sales of physical goods in China amounted to 11233 billion yuan, an increase of 3% over the same period last year. In online retail sales of physical goods, wear commodities decreased by 18.1% compared to the same period last year.

Exit:

According to China Customs data, in 2020 1-2, China's apparel and accessories exports totaled 16 billion 62 million US dollars, down 20% from the same period last year.

Investment:

According to the National Bureau of statistics, the actual investment in garment industry in China decreased by 50.2% in the 1-2 months of 2020.

Benefits:

According to the National Bureau of statistics, in 2020 1-2, the apparel industry above designated size enterprises achieved a total operating income of 148 billion 791 million yuan, down 28.14% compared to the same period last year. The total profit was 5 billion 496 million yuan, down 42.14% from the same period last year, and the operating profit margin was 3.69%, a 0.89 percentage point lower than the same period in 2019. (source: National Bureau of statistics, China Customs)