The potential of industrial textiles is waiting to be unleashed under the revitalization plan
In the first two trading days of this week, the textile sector continued to follow the market correction. The textile and apparel and chemical fiber sector indexes fell by 1.68 and 1.6 percentage points respectively in the two days. Some analysts said that since there have not been many changes in fundamentals and news, these two major sectors will still maintain a volatile adjustment pattern in the short term. If the details of the textile industry adjustment and revitalization plan are officially released, these two sectors will once again welcome Come trade sex opportunities.
Although the detailed rules have not been released, among the five principles issued on February 4, one of them focuses on promoting the application of industrial textiles, which has attracted the attention of all parties.
Zhu Minru, chairman of the China Industrial Textiles Industry Association, recently said in an interview with reporters that industrial textiles are new technical textiles with development potential and high added value that have emerged in the textile industry in the past ten years. They have now become a new trend in China’s textile industry. economic growth point. According to Xu Kunyuan, one of the main drafters of the plan and vice president of the China Textile Industry Association, in the next three years, my country’s industrial textile fiber consumption will increase by 800,000 to 1 million tons per year, accounting for the proportion of the total fiber processing in the entire industry. will increase to about 19%.
Some securities analysts also believe that the launch of the textile industry adjustment and revitalization plan is conducive to policy support and guidance for the development of the industrial textile sub-industry, and is in line with the industry adjustment direction of industrial upgrading and organizational optimization. Currently, the main business of listed companies Companies with such products, such as Xinlong Holdings, Fujian Nanfang and Shenma Industrial, will benefit from it and receive policy preferences and support to improve the company’s R&D and technical strength.
There is vast room for growth, but it is missing in the high-end field
my country’s industrial textiles industry has developed rapidly in the past few years. Statistics show that the national import volume of industrial textiles in 2007 was US$27.556 billion. In the same year, China’s export of industrial textiles earned US$50.64 billion, accounting for approximately 30% of total processing output.
In the past year, the industry has withstood cost and demand pressures and shown rapid growth. According to data released by the National Bureau of Statistics, from January to November 2008, my country’s nonwovens industry enterprises above designated size achieved a total industrial output value of 32.797 billion yuan, a year-on-year increase of 21.44%.
Due to its late start and low technical level, there is still a huge gap between my country’s industrial textiles industry and developed countries. In developed countries, the proportion of industrial textiles in their total fiber processing generally accounts for about 30%. However, in 2007, the output of China’s industrial textiles was 5.4432 million tons, accounting for only 15.4% of the total fiber processing in the industry. %.
“High-end products such as diapers cannot be made domestically. We can only rely on low-end products, such as non-woven fabrics, medical gauze, etc.; high-end products still rely on imports, and this industry will definitely develop in the future. It is developing toward high-end, but there has to be a process.” said Xia Maosheng, textile and apparel industry analyst at Guodu Securities.
Zhao Meiling, an analyst in the clothing and textile industry of Essence Securities, also mentioned that the proportion of industrial textiles in my country is currently low. In 2007, the proportion of fiber consumption in my country’s three major end-product categories of clothing, household and industrial use was 53:33:14. It is far lower than the level of about 40% in European and American countries. In addition, its product structure is also unreasonable. At present, industrial textiles are concentrated in the field of non-woven fabrics for clothing, and the added value of products is also low; the development and manufacturing capabilities of other high value-added industrial textiles are weak.
Zhu Minru emphasized that there are currently four major problems in the domestic industrial textiles industry. First, there is a weak awareness of respecting intellectual property rights, lagging industry standards, lack of supervision of product quality, and shortage of professional and technical personnel; second, the independent innovation industry chain is not closely connected before and after, failing to effectively guide the direction of new product research and development based on market demand; third, supporting industries The development capabilities of products using special fiber raw materials for textiles are insufficient, and the digestion and absorption capabilities of advanced imported equipment are insufficient; finally, the construction of public service platforms for technological research and development and innovation is urgently needed to be strengthened.
Development is subject to demand and the market is far from saturated
Analysts have certain differences in their views on the development prospects of industrial textiles. Xia Maosheng believes that although the government has always encouraged the development of industrial textiles, it is only an extension of other industries, and its development prospects depend on the needs of other industries. “For example, automobile interior decoration is just an extension of the automobile industry, because automobile companies will not do this; when the textile industry’s ‘tentacles’ extend longer, its development space becomes wider, which is detrimental to the entire industry. There are benefits; however, after all, this is the demand from other industries to the textile industry, so the development of the latter also depends on the development of the demand side.”
Gao Guoze, textile and apparel industry analyst at Huatai Securities, said he is optimistic about this type of product “This market is still very large, unlike other textile companies where the market has been saturated; because the technology is not very strong, the state may strongly support such companies in research and development.”
According to Gao Guo’s point of view, after the third textile migration, the current textile industry pattern has formed three levels. levelsIt is technology-intensive, concentrated in the United States, Europe, and Japan, mainly industrial textiles and popular and functional textiles; the second level is capital-intensive, mainly concentrated in South Korea, Taiwan, China, and other places, mainly mid- to high-end textiles ; The third is labor-intensive, concentrated in my country, mainly low-end products. Gao Guo said that the upgrading of my country’s textile industry will be a transformation from labor-intensive to technology-intensive and capital-intensive industries.
In fact, many industrial textiles in our country are still dependent on imports. It is reported that in terms of medical textiles, the current development of domestic medical textiles is limited by practical problems such as inconsistent domestic standards, and is far from meeting the domestic market demand. Only in the field of bionic medical textile materials such as artificial organs and artificial joints, 40% of them are produced every year. billion US dollars in import volume.
Aramid is supported and Yantai spandex is highly praised
“Industrial textiles are still relatively rarely used in our country, such as special fibers, automobile tire fibers, and modified products and special fibers. etc., and there are not many listed companies operating in this area, the main one is Hailide, whose products are mainly geotextiles and automotive silk, and most of the rest are for clothing,” Gao Guo said.
From the perspective of listed companies, there are two types of companies whose main business involves industrial textiles. The category is listed companies in the textile and apparel sector, including Fujian Nanfang, Xinlong Holdings and Hongda Warp Knitting, etc. However, the main products of these companies are products with low technical content and low added value. Although they are expensive, they are segmented. The industry leader, however, has been hit by the financial crisis in the past year, and the company’s profitability has generally been poor. For example, Xinlong Holdings disclosed in its performance forecast that the company suffered a loss of approximately 30 million yuan in 2008. Fujian Nanfang, on the other hand, made a profit of about 8.848 million yuan by selling its shares in China Pacific Insurance, barely making a profit. Hongda Warp Knitting claimed that due to factors such as increased production costs and declining demand, the company’s net profit in 2008 dropped significantly by 66.96% year-on-year.
The other type is the companies in the chemical fiber sector. The products of these companies have relatively high technical content and relatively good profitability. The representative listed companies are Yantai Spandex and Hailide. The former has special fiber production technology, especially respected by analysts.
According to Gao Guo, special fibers generally refer to fibers with high strength, high modulus and high temperature resistance, mainly including aramid fiber and carbon fiber. They are important members of new materials and are widely used in aerospace, national defense, automobiles, communications and other fields. The demand for special fibers is rigid and is less affected by macroeconomic fluctuations; aramid fibers include meta-aramid and para-aramid. The former is characterized by high temperature resistance and is ideal for making firefighting suits, high-temperature filter materials, nuclear Raw materials for industrial protective clothing, insulating paper, etc. The latter is characterized by high strength and high modulus, and has wider uses. It is used in body armor, optical cable reinforcement materials, spacecraft shells, high-end tire cords, etc.
Haitong Securities chemical fiber industry analysts said that the general background for the development of the aramid industry is the booming industrial textiles in the industry. More than 90% of high-performance fibers such as aramid are used as raw materials for industrial textiles. Due to the low density and good performance of aramid fiber, and the extremely difficult production technology, only a few countries in the world have mastered it. Industrial production has long been monopolized by the United States and Japan. For many years, as a strategic material that can be used in the military, the import of aramid has been subject to certain restrictions. Due to restrictions, the civilian demand for aramid fiber has also been suppressed by high prices. Therefore, the country focuses on supporting and developing aramid fiber as a high-tech product.
It is understood that Yantai spandex currently has a production capacity of meta-aramid (aramid 1313) of 4,300 tons/year, and a para-aramid (aramid 1414) pilot project has a production capacity of 100 tons/year. As my country’s special fiber production base, the company’s development center in the next few years will focus on strengthening the aramid business.
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