Analysis on the operation of the textile industry from January to November 2020!

From January to November, the industrial added value of textile enterprises above designated size fell by 3.1% year-on-year. Among them, driven by the demand for anti-epidemic materials, the added value of the industrial textile industry increased by 56.4%. From January to November, the output of non-woven fabrics and chemical fibers increased by 14.4% and 1.2% year-on-year respectively; the output of yarn, cloth and clothing decreased by 10.2%, 18.3% and 8.8% year-on-year.

From January to November, textile enterprises above designated size achieved operating income of RMB 40.09.79 billion, a year-on-year decrease of 9.7%; realized total profit of RMB 171.83 billion, a year-on-year decrease of 8.6%; operating income margin was 4.3%.

From January to November, the total retail sales of clothing, footwear, and knitting textiles above designated size was 1,084.9 billion yuan, a year-on-year decrease of 7.9%; the national online retail sales of clothing products increased by 5.9% year-on-year. From January to November, textile and apparel exports were US$265.22 billion, a year-on-year increase of 9.9%, of which textile exports were US$141.65 billion, a year-on-year increase of 31.0%; clothing exports were US$123.57 billion, a year-on-year decrease of 7.2%.

Guangdong Modern High-tech Fiber Co., Ltd. is a manufacturer specializing in the research, development, production and sales of PP yarns. Since its establishment, it has developed steadily. At present, more than 70 polypropylene FDY production lines, 8 POY production lines, 2 DTY production lines, 12 BCF production lines, and several other production research and development equipment have been established. The PP yarnof various specifications was nearly 30,000 tons last year. , Has become the largest PP yarn manufacturer in China.