Analysis On The Operation Of China'S Textile Industry In The First Half Of 2020: The Revenue Of Textile Enterprises Above Designated Size Will Reach 1926.07 Billion

China business intelligence network news: according to the latest data of the Ministry of industry and information technology, from January to June, the industrial added value of Enterprises above Designated Size in China's textile industry decreased by 6.7% year-on-year, 9.8% lower than that in the first quarter. Driven by the surge in demand for epidemic prevention materials, the industrial value-added of textile manufacturing industry showed a rapid growth of 57.8%, and the growth rate in June was as high as 80.7%. From January to June, the output of chemical fiber, yarn, cloth and clothing decreased by 1.0%, 15.8%, 25.9% and 13.7% respectively.

From January to June, the retail sales of clothing, footwear, knitwear and textiles of units above the national quota reached 512 billion yuan, a year-on-year decrease of 19.6%, 3.9 percentage points lower than that of January may. The retail sales of online wear goods decreased by 2.9% year on year. From January to June, China's textile and clothing exports reached US $125.19 billion, a year-on-year increase of 3.2% and an increase of 20.9 percentage points over the first quarter. Among them, due to the rapid growth in the export of anti epidemic textiles such as masks, the export of textiles reached 74.1 billion US dollars, an increase of 27.8% over the same period of last year. However, the export of clothing was greatly affected by the overseas epidemic situation, with the export of clothing reaching 51.08 billion US dollars, a year-on-year decrease of 19.4%.

Data source: compiled by the Ministry of industry and information technology and China Business Industry Research Institute

In the first half of 2020, China's textile enterprises above Designated Size realized operating revenue of 1926.07 billion yuan, a year-on-year decrease of 16.4%, and total profit of 73.1 billion yuan, a year-on-year decrease of 19%. The profit margin of operating revenue was 3.8%, 1.2 percentage points higher than that in the first quarter.

Data source: compiled by the Ministry of industry and information technology and China Business Industry Research Institute