Operation of the textile industry in the first quarter of 2024!

The income of the textile industry has maintained steady growth, the growth rate of total profits has accelerated, and the output of textiles and clothing has risen and fallen. From January to March, the industrial added value of textile enterprises above designated size increased by 4.9% year-on-year, and the operating income was 1,082.4 billion yuan, an increase of 8.0% year-on-year; Total profit was 27.7 billion yuan, up 35.2% year on year. The output of yarn and cloth of enterprises above designated size decreased by 2.1% and 2.2% respectively, while the output of clothing and chemical fiber increased by 1.9% and 20.1% respectively.

The retail potential was released at a faster pace, and textile consumption recovered steadily. From January to March, the total retail sales of consumer goods by units above designated size in China reached 4,545.1 billion yuan, an increase of 5.2% over the same period last year. Among them, the retail sales of clothing, shoes and hats and textile products by units above designated size increased by 2.5% over the same period last year, and the retail sales of physical goods wearing goods online increased by 12.1% over the same period last year.

International market demand has picked up, and textile exports have continued to increase. From January to March, China's textile and apparel cumulative exports of 65.9 billion US dollars, an increase of 2.0%, higher than the overall export growth of China's trade in goods 0.5 percentage points, of which textile exports of 32.1 billion US dollars, an increase of 2.6%; Garment exports were $33.8 billion, up 1.4% year-on-year.

Guangdong Modern High-tech Fiber Co., Ltd. is a professional manufacturer engaged in the development, production and sales of polypropylene fiber. Guangdong Modern High-tech Fiber Co., Ltd. has advanced production and research and development equipment, perfect process flow, scientific management framework, and a high-quality technical team, which is recognized as a national high-tech enterprise.