On May 20-25, the China Cotton Association conducted a survey on the recent operations of processing trade enterprises, warehousing and logistics enterprises and textile enterprises in the cotton industry. The survey results of nearly a hundred enterprises show that the epidemic has a great impact on the production and sales of enterprises. Order shrinking and liquidity shortage are the main difficulties; it is recommended that relevant departments and financial institutions increase tax cuts and credit support and credit support through the cotton reserve Measures such as entry and cotton planting subsidies stabilize the cotton market and increase industry confidence.

(1) Cotton processing, trade and circulation enterprises: cotton sales progress is slow

From February to March, 80% of cotton trading companies started construction one after another, and the operation rate reached 95% at the end of April. Judging from the cotton sales progress of processing and trade circulation enterprises, 10% of the enterprises 'sales have been sold, 23% of the enterprises' sales have reached more than 80%, 23% of the enterprises 'sales have reached 50-80%, and 44% of the enterprises' sales have progressed. Less than 50%. From the perspective of cotton business volume, compared with the previous year, 14% of enterprises were basically the same, 38% of enterprises fell by 20%, 38% of enterprises fell by 20-50%, and 10% of enterprises fell by more than 50%.

The vast majority of enterprises indicated that the epidemic had a great impact on business operations, mainly including: cotton prices fell resulting in losses, insufficient downstream textile demand led to sales slowdown, inventory backlog, slow capital backflow led to increased financial costs and increased pressure to repay loans. In addition to common suggestions such as tax reductions, credit support, and financial discounts, 33% of processing companies suggested increasing cotton planting subsidies and increasing support to the mainland to stabilize cotton farmers ’enthusiasm for planting cotton; 24% of trading trade companies recommended adjustments such as purchasing and storage Measures to stabilize the market and expectations.

(2) Cotton warehousing and logistics enterprises: operating differences are obvious

Judging from the losses that the epidemic has brought to enterprises, there are large differences between cotton warehousing and logistics companies. 57% of the companies said that the losses were large or the operation was blocked, but 30% of the companies said that there was no loss or little impact. Storage capacity tension and inventory reduction coexist, and companies generally say that inventory turnover is greatly affected. Warehousing and logistics companies believe that the uncertainty of market expectations is the biggest difficulty they are facing, and hope to expand domestic demand, restore production capacity, and increase support for SMEs.

(3) Textile companies: orders have dropped significantly

In the survey, 95% of the textile enterprises have started construction in February-February. From the perspective of the effect of resumption of production, the opening rate of 43% of the enterprises has reached more than 90%, 10% of the enterprises are 70-90%, and 29% of the enterprises In 50-70%, 18% of companies have less than 50% opening rate. Compared with the same period last year, the total number of orders since 2020 has increased by only 5% of corporate orders, 36% of corporate orders have dropped by 0-20%, 50% of corporate orders have dropped by 20-60%, and 9% of companies Orders fell by more than 60% year-on-year. The decline of foreign trade orders of textile enterprises is more obvious, 19% of enterprises 'foreign trade orders fell by 0-20% year-on-year, 52% of enterprises' foreign trade orders fell by 20-60% year-on-year, and 29% of their foreign trade orders fell by over 60% year-on-year. Judging from the losses that the epidemic has brought to the enterprise, only 9% of the companies believe that the impact is not large, and 91% of the companies indicate that the losses are large, mainly due to the sharp decline in sales revenue, product backlog, and contraction.