The investment in the industrial textile industry showed a certain cyclicality. In the first three quarters of 2017, the investment in fixed assets in the bed linen manufacturer industry was 61.489 billion yuan. The growth rate of investment continued its upward trend since 2017, up 24.54% over the same period of last year (see Figure 2). The investment growth space Open further. As can be seen from the figure, the growth rate of investment in the industry has come out of the downward spiral in recent years and gradually recovered.
The pick-up in investment growth of the industry in 2017 is partly due to the cyclical nature of the investment. This shows that the industry has basically completed the digestion of the capacity that has grown in previous years and entered a new round of investment boom. On the other hand, the macroeconomic environment Steady growth also makes the capital market more promising for the industry.
In terms of sub-sectors, non-woven fabrics are still hot spots for investment in the industry. The investment in the first three quarters reached RMB27,948 million, an increase of 29.27% over the same period of last year. Investment in ropes, cables and cables continued to maintain strong momentum in the first half of the year, up by 57.31% The investment in canopy and canvas increased by 17.96%. The investment in textile belt and curtain fabric continued to slump, with a year-on-year decrease of 18.12%.
While investment in the industry continued to improve, the average debt-to-equity ratio of the industry decreased by 0.93% and interest expense increased by 4.32%.