In The First Three Quarters Of 2019, The Profit Of Wool Textile Industry Declined Compared With That Of Last Year.

According to the National Bureau of statistics, in the first three quarters of this year, the operating income of the above scale wool textile enterprises showed a decline of 3.26% compared with the same period last year, which was lower than that of the textile industry 0.9%. The gross profit of the wool textile enterprises decreased by about 1 billion 200 million yuan, or 42%, the average profit rate of the industry was 1.6%, down 1.2 percentage points from the previous year, and the average profit rate of the wool textile industry was also far lower than the average profit rate of 3.85% of the textile industry. The three quarter data show that the operation pressure of the wool textile industry has further increased, and profitability has declined.

(Note: the Bureau of statistics has adjusted since 2018)