2022 Textile and garment industry status quo!

On August 9, data showed that from January to June 2022, 13,067 enterprises above designated size in the garment industry, with a cumulative operating revenue of 688.5 billion yuan, a year-on-year growth of 4.5%; The total profit was 30.7 billion yuan, up by 4.0% year on year; The profit margin was 4.5%, up 0.31 percentage points year on year; The industry lost 27.0%, down 0.9 percentage points year-on-year. The output of garments was 11.3 billion pieces, down 1.5 percent year-on-year. The industry employed an average of 2.36 million workers, down 4.3% from a year earlier.

Guangdong Modern High-tech Fiber Co., Ltd. is a professional manufacturer engaged in the research and development, production and sales of PP yarn. Since its establishment, it has developed steadily. At present, it has established more than 70 polypropylene FDY production lines, 8 POY production lines, 2 DTY production lines, 12 BCF production lines and several other production and research and development equipment. Last year, various specifications of PP yarn nearly 30,000 tons, becoming the current domestic actual output of large PP yarn manufacturers.