Analysis of the trend of the textile industry!

In 2019, affected by the uncertainty of Sino-US trade relations, the production of the textile industry chain has slowed down, and industry profits have fallen.

From January to October 2019, there were 13,760 companies in the apparel industry above the size (annual main business income of 20 million yuan and above), with cumulative operating income of 130.7 billion yuan, a year-on-year decrease of 0.2%; total profits of 68.5 billion yuan, a 3.4% year-on-year decrease ; Operating income profit margin was 5.24%, a decrease of 0.17 percentage points over the same period of the previous year; clothing production was 20.3 billion, a decrease of 0.8% year-on-year; exports of clothing and clothing accessories were USD 127.2 billion, a decrease of 4.5% year-on-year; the actual investment in the clothing industry decreased year-on-year 0.5%.

Dongguan Donggang Chemical Fiber Co., Ltd. was founded in 1991. It is located in Xixia Industrial Zone, Wentang Brick Kiln, Dongcheng District, Dongguan City, Guangdong Province. It is a medium-sized enterprise specializing in the production of various types of PP yarns. It currently has 16 PP yarns production lines and has formed The annual production scale of 20,000 tons of PP yarns enjoys a high reputation in the international market.