Ministry Of Industry And Information Technology: The Profit Of Industrial Textile Enterprises Above Designated Size Will Increase By 203.2% Year On Year In 2020

According to the website of the Ministry of industry and information technology, in the face of the sudden outbreak of new crown pneumonia in 2020, China's industrial textile enterprises will make full efforts to support the production of anti epidemic materials such as masks, protective clothing and disinfection wipes, which will drive the production, sales, export and profits of the whole industry to a large extent.

The data shows that in 2020, the industrial added value of China's industrial textile enterprises above Designated Size will increase by 54.1% year-on-year; the operating income of Enterprises above Designated Size will reach 319.84 billion yuan, with a year-on-year growth of 32.6%; the total profit will be 36.53 billion yuan, with a year-on-year increase of 203.2%; and the profit margin will be 11.4%, an increase of 6.4% over the previous year. Among them, the operating revenue of non-woven Enterprises above designated size was 175.28 billion yuan, with a year-on-year increase of 54%; the total profit was 24.52 billion yuan, with a year-on-year increase of 328.1%.

In 2020, China's nonwovens export volume is 1.289 million tons, with a year-on-year increase of 32.2%; the export amount is 5.05 billion US dollars, with a year-on-year increase of 62.5%. The export of disposable sanitary products such as diapers and sanitary napkins reached US $2.27 billion, up 8.6% year on year. From March to December 2020, China has exported 224.2 billion masks, including 65 billion medical masks, and 2.31 billion protective clothing, including 773 million medical protective clothing.