Hubei Textile And Garment Industry Annual Profit Increased By 29.4%

Benefiting from the quickening pace of enterprise pformation, the proportion of high count yarn has increased, and the production and sale situation of high value-added fabrics is better. The textile industry in Hubei has achieved steady growth.

In February 1st, it was learned from the provincial economic and trade office that the textile and garment industry in Hubei showed a "acceleration" trend in 2018. The main revenue of the whole year was 326 billion 407 million yuan, an increase of 10.6%, which was 2.4 percentage points higher than the average level of the whole province. The profit was 14 billion 452 million yuan, an increase of 29.4%, an increase of 26.1 percentage points compared with the same period last year.

Among them, the textile industry realized a profit of 9 billion 275 million yuan, an increase of 29.5%, and the garment industry realized a profit of 4 billion 101 million yuan, an increase of 24.7%, respectively, which was 10.1 and 5.7 percentage points higher than the average level of the province.

Where did the increase come from?

Huang Minhong, director of the textile department of the Provincial Department of classics, believes that the technological pformation effect of textile industry has begun to appear after experiencing the nirvana of the old and new kinetic energy pformation. With the combination of strict ecological protection and the "leftover king" brought about by the upgrading of consumption, the pformation and development of the textile industry has opened up a new situation.

Affected by many factors, since 2011, the apparel home textile industry has gone to the inventory adjustment stage. In the past, extensive extension and expansion and high inventory in the industry were highlighted.

Benefiting from economic development, income upgrading and consumption upgrading, the high-end consumer market in the industry took the lead in the fourth quarter of 2016.

The traditional textile industry has taken on a new look. Technological innovation, product innovation and management innovation have been playing an increasingly important role in promoting the pformation of the industry.

In 2017, it was known as the technological innovation year of textile industry. A number of key new technologies in the province were breakthroughs and promoted, and digitalized and networked technologies were widely applied. Over 5 million yuan of textile investment projects were completed in the whole industry, with fixed assets investment of 89 billion 730 million yuan, an increase of 20.7% over the previous year, higher than that of the whole country by 14.8 percentage points.

Industry statistics show that at present, the digitization rate of production equipment in the whole industry is close to 40%, and the water demand per ton of printing and dyeing cloth has dropped from 2.5 tons to less than 1.8 tons, and the water reuse rate has increased from 15% to more than 30%. The annual output of recycled fiber has reached 6 million tons, and the proportion of total fiber processing has increased from 9.6% in 2010 to more than 12%.

In 2018, with the implementation of the rotation system of cotton reserves, the increase in cotton prices was expected to increase. At the same time, environmental protection was becoming more stringent and a large number of production capacity was pferred to overseas and Xinjiang. The textile enterprises remained "King", and a number of special industrial clusters became the demonstration base and important carrier for the development of the industry. The performance of the apparel home textile enterprises continued to improve, including women's wear, home textiles, leisure and children's wear, cosmetics and other performances.