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%.

Dongguan Donggang Chemical Fiber Co., Ltd.was founded in 1991 and currently has 16 PP yarn production lines, forming a production scale with an annual output of 20,000 tons of PP yarn, and its market share ranks in the forefront of the industry. "Donghong" PP yarn is exported to the United States, Europe, Southeast Asia and other places.