Open financing helps the textile industry to develop steadily!

In the face of profound changes in the global value chain, the textile industry has demonstrated strong resilience and vitality, and has achieved steady and healthy development.

From January to September this year, the quality and efficiency of the development of the textile industry has steadily improved. The industrial added value of enterprises above designated size in the industry increased by 6.3% year-on-year, operating income increased by 15.6% year-on-year, and total profits increased by 31.7% year-on-year; industry exports maintained a good growth trend. The export volume of textiles and clothing reached 227.59 billion U.S. dollars, a year-on-year increase of 5.6%.

Dongguan Donghong New Material Co., Ltd. was founded in 1991, is located in Wentang Brick Kiln Industrial Zone, Dongcheng District, Dongguan City, Guangdong Province. With 16 PP yarn production lines, it has formed an annual production scale of 20,000 tons of PP yarn, and its market share ranks among the top in the industry.