In The First Half Of 2008, The Profitability Of Xinjiang'S Textile Industry Decreased By Half Compared With Last Year.

From 1 to June 2008, the textile industry in Xinjiang faced many unfavorable factors such as the continued appreciation of the RMB to us dollar exchange rate, the textile export tax rebate rate reduction, and the tightening of the silver dollar.

From 1 to June, the new textile industry achieved an industrial added value of 1 billion 815 million yuan, an increase of 9.27% over the same period last year.

From 1 to June, the production and marketing linkage of the textile industry was basically balanced, and the main business income of the whole industry reached 7 billion 796 million yuan, an increase of 18.84% over the same period last year.

At the beginning of the textile industry chain, the leading products of Xinjiang textile, pure cotton combed yarn and cotton pulp marketing, have been greatly influenced by the domestic and foreign markets, and some of them have been overloaded, which is obviously contrasting with the "0" inventory of last year.

The economic benefits continued to be profitable, but the profit level declined.

By the end of June, the profit of the textile enterprises above Designated Size reached a profit of 128 million yuan, which was 49.8% less than the same period last year.

From 1 to June, the textile industry in Xinjiang completed a fixed investment of 820 million yuan, an increase of 146% over the same period last year.

Among them, the textile industry is 340 million yuan, the chemical fiber manufacturing industry is 470 million yuan, and the textile and clothing manufacturing industry is 10 million yuan.

The rapid growth of fixed assets investment mainly based on chemical fiber and cotton spinning has added a new growth point for the development of the two leading industries in the later period.

In the first half of the year, 300 cotton yarn combed by pure cotton combing in Xinjiang YOUNGOR and 350 spin cotton siro spinning products of Xinjiang Yida company were successfully spun, indicating that Xinjiang's spinning technology reached the leading level in China.