China'S Textile Industry Achieved A Profit Of 71 Billion 400 Million Yuan In The First Quarter, An Increase Of 11.3% Over The Same Period Last Year.

It is mainly manifested in the following aspects:

First, production is steadily increasing, and the growth of some products has improved.

According to the National Bureau of statistics, in 1-3 months, the industrial added value of textile enterprises above designated size increased by 6.7% over the same period last year, and the rate of increase was 0.3 percentage points higher than the national industrial average level.

Regulation

The yarn output of enterprises was 8 million 640 thousand tons, up 4.1% over the same period last year, and the increase was 2.2 percentage points lower than that of the same period last year. The output of chemical fiber was 10 million 830 thousand tons, an increase of 11.9% over the same period last year, and the rate of increase was 7.1 percentage points higher than that of the same period last year. The output of cloth and clothing was 15 billion 400 million meters and 6 billion 600 million pieces respectively, up 4.1% and 3.9% respectively over the same period last year, and the growth rate increased by 1.4 and 1.4 percentage points respectively over the same period last year.

Two, the growth rate of investment has picked up, and the number of new projects has increased rapidly.

According to the National Bureau of statistics, in 1-3 months, the completion amount of fixed assets investment in the textile industry over 5 million yuan was 178 billion 500 million yuan, an increase of 15.4% over the same period last year, and the rate of increase was 2.6 percentage points higher than that of the same period last year.

The number of new investment projects in the industry showed a growth trend, an increase of 10.4% over the same period last year, and the increase was 18.4 percentage points higher than that of the same period last year.

From the sub regional perspective, investment in the eastern and central regions has increased significantly and investment in the western region has increased by a small margin.

The growth rate of investment in the eastern and central regions is as high as 15.4% and 20% respectively, and the investment growth rate in the western region is only 0.1%.

According to the national customs data, the total export volume of textiles and clothing in China in the 1-3 months was 61 billion 400 million US dollars, up 3.1% from the same period last year, and the rate of increase was 2.6 percentage points higher than that of the same period last year, but the growth rate dropped by 16.8 percentage points over the 1-2 month period.

Textile exports amounted to $25 billion 300 million, an increase of 4.3% over the previous year, and clothing exports of $36 billion 200 million, an increase of 2.2% over the same period last year.

In 1-3 months, China's total exports of textiles and clothing to the European Union (the largest market for textile and garment exports) decreased by 0.3% compared with the same period last year. The growth rate dropped by 10.3 percentage points over the same period last year. China's total exports of textiles and clothing to Japan (the fourth largest market for textile and garment exports) decreased by 10% compared with the same period last year, and the growth rate dropped by 2.9 percentage points over the same period last year.

Four, steady growth in profits and profitability.

It is reported that 1-3 months, the textile industry regulated enterprises to achieve a total revenue of 14526 billion yuan, an increase of 5.6% over the same period last year, and realized a total profit of 71 billion 400 million yuan, an increase of 11.3% over the same period last year.

National Textile Enterprises

It was 4.9%, an increase of 0.3 percentage points over the same period last year.

The total loss of deficit enterprises decreased by 4.9% compared to the same period last year, and the growth rate dropped by 20.4 percentage points over the same period last year.