Since the beginning of this year, the sudden outbreak of the new crown epidemic has brought a major impact to the normal production and operation of the textile machinery industry: the main economic indicators have dropped sharply in the first quarter. Since the second quarter, with the successful control of the domestic epidemic, the production and operation order of enterprises has gradually returned to normal, the decline of industry economic operation indicators has narrowed significantly compared with the first quarter, and exports have remained flat year-on-year. Since the third quarter, the overall recovery of the industry has been obvious. Operating indicators have continued to recover, and the rate of decline has continued to narrow. Exports (including anti-epidemic textile equipment) have increased year-on-year, but the overall recovery of the industry is still facing certain pressure.

　　 The most pessimistic moment may have passed

Affected by the epidemic in 2020, the global economy is facing difficulties in restarting and recovering from the crisis. Although countries have quickly introduced fiscal and monetary and regulatory policies in response to the epidemic, avoiding financial crises similar to 2008, the economic recovery is objectively Subject to the spread of the epidemic. In the first quarter of 2020, major economies other than my country fell relatively flat. In the second quarter, China's economy stabilized, while other economies around the world showed a sharp decline. In the third quarter, as the epidemic was initially controlled, the global economy showed a sharp rebound. Since October, with the second outbreak of overseas epidemics, the momentum of the economic rebound is expected to fluctuate. But overall, the forecast for the global economy has gotten rid of the most pessimistic situation in the second quarter. The IMF October forecast that the global economic growth rate in 2020 will be -4.4%, which is 0.5 percentage points higher than the forecast in June.

On November 20, 2020, the latest "World Trade Indicators Index" released by the WTO was 100.7, a significant increase from 84.5 in August. World merchandise trade began to rebound strongly after the epidemic plummeted, but its sustainability remains to be seen.

　　Corporate profits gradually recovered

Affected by the epidemic, various operating indicators of the textile industry fell sharply in the first quarter. In the second quarter, driven by the production of epidemic prevention materials and the recovery of domestic market demand, the economic operation of the textile industry has recovered under pressure. Production, investment, quality and efficiency The decline in operating indicators was significantly narrower than in the first quarter. The main economic performance indicators in the third quarter gradually improved, laying the foundation for a steady recovery. Although domestic and foreign market demand has picked up, it has not yet returned to normal levels. The production and operation pressures of enterprises have not yet eased, development confidence is still insufficient, benefits and investment have not reversed the negative growth trend, and the foundation for maintaining stable and positive development still needs to be consolidated.

In the third quarter, the textile industry's prosperity improved significantly, and the recovery of production capacity utilization was accelerated. According to the survey data of the China National Textile and Apparel Council, in the third quarter of 2020, the textile industry prosperity index was 61.5 , an increase of 10.5 points from the second quarter, reaching the highest level since 2018. According to data from the National Bureau of Statistics, the capacity utilization rate of the textile and chemical fiber industries in the first three quarters reached 72.4% and 79.1% , respectively, up 2.1 and 2 percentage points from the first half of the year, but slowing down by 5.6 and 4 percentage points respectively from the same period last year.

　　 Textile machinery revenue decline narrowed

In the first three quarters of 2020, 639 textile machinery enterprises above designated size achieved operating income of 47.704 billion yuan, a year-on-year decrease of 16.04%, and the growth rate decreased by 19.073 percentage points from the same period last year. The decline in operating income in the first three quarters narrowed by 0.98 percentage points compared with the first half.

From January to September 2020, the total profit of textile machinery enterprises above designated size was 2.987 billion yuan, a year-on-year decrease of 26.48%, and the rate of decline increased by 1.62 percentage points from the first half of this year. The operating income margin was 6.26%, a decrease of 0.33 percentage points from the same period last year; The loss of the enterprise was 524 million yuan, a year-on-year increase of 59.4%; the loss was 28.01%, an increase of 8.85 percentag