Lu Tai A: The Textile Industry Is Expected To Maintain Steady Growth In The Future.
Some investors asked Lu Tai A, what is the development trend of the company's industry?
The company replied that the company's industry profile is as follows: supply side, from 2011 to 2015, with the continuous growth of the scale and economic efficiency of the industry, domestic production capacity continued to rise, and the yarn output of China's main textile products increased from 28 million 946 thousand tons to 40 million 475 thousand tons, with an average annual compound growth rate of 8.74%. From 2016 to 2018, the output of China's main textile products remained basically stable. Demand side, textile and clothing is one of the most basic needs of human survival. With the sustained economic growth, the per capita clothing expenditure continues to rise, and the market space of textile and garment industry continues to grow. As the supply side remains stable and demand side continues to grow, the textile industry is expected to maintain steady growth in the future.
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