Last Year, The Total Profit Of Textile Enterprises Was 225 Billion 100 Million Yuan.

In February 18th, the China Textile Federation Industrial Economics Research Institute released the report on the economic performance of China's textile industry in 2019. The report pointed out that in 2019, China's textile industry continued to accelerate the transformation and upgrading, and the overall prosperity and production conditions were generally stable. However, under the multiple pressures of internal and external market demand slowing down, the trade environment becoming more complex, and the continuous increase of comprehensive costs, the growth momentum of enterprise investment is weak and the level of efficiency is declining. The main economic operation indicators are slowing down.

The report shows that China's textile industry boom in 2019 is generally in the expansion section, and the start and production of all links in the textile industry chain is generally normal. Over the whole year, the industrial added value of textile enterprises above Designated Size (the main business revenue was above 20 million yuan) increased by 2.4% compared with the same period last year, and the growth rate was lower than that of 0.5 percentage points in 2018. Industrial chain links, chemical fiber, filament and industrial textiles industry growth is stable, the annual industrial added value growth rate is 11.9%, 15.6% and 6.9% respectively.

In 2019, the profit pressure of textile industry increased significantly, and most of the links in the industrial chain continued to bear pressure. Last year, 35 thousand Textile Enterprises above Designated Size realized operating income of 4 trillion and 943 billion 640 million yuan, down 1.5% from the same period last year, and realized a total profit of 225 billion 140 million yuan, down 11.6% from the same period last year, and the growth rate was lower than the 19.6 percentage points of the previous year. The profit margin level of the terminal industry is relatively stable, and the operating profit margins of garments, home textiles and industrial textiles are 5.5%, 5.1% and 5% respectively.

The scale of investment in the textile industry has been reduced. In 2019, the fixed assets investment in China decreased by 5.8% over the same period last year, and the growth rate slowed down 10.8 percentage points over the previous year. In terms of industry, the investment volume of textile and chemical fiber industry decreased by 8.9% and 14.1% respectively compared with that of the previous year. The annual investment volume of garment industry increased by 1.8% and the growth rate was 3.3 percentage points higher than that of the previous year.